HELIX ART & TECHNICS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HELIX ART & TECHNICS
Largest movements
- Stocks and contracts -€14,075
down €14,075 (-41.3%), from €34,050 to €19,975
- Receivables within one year -€7,865
down €7,865 (-7.8%), from €101,345 to €93,480
of which Trade receivables: -€36,393
- Cash +€6,449
new in 2024: €6,449
mainly Net result for the year (+€18,810) and Stocks and contracts (+€14,075)
- Financial fixed assets +€2,893
up €2,893 (+482%), from €600 to €3,493
- Deferred charges and accrued income +€2,678
new in 2024: €2,678
- Trade debts -€21,752
down €21,752 (-98.3%), from €22,138 to €386
- Profit (loss) carried forward +€11,310
up €11,310 (+16.7%), from €67,741 to €79,051
- Short-term financial debts -€9,849
down €9,849 (-40.5%), from €24,328 to €14,479
- Other debts +€7,500
new in 2024: €7,500
- Current portion of long-term debt +€5,092
new in 2024: €5,092
- Gross operating margin -€5,275
down €5,275 (-12.6%), from €41,700 to €36,425
- Taxes -€4,547
down €4,547 (-46.0%), from €9,892 to €5,344
- Financial charges +€3,448
up €3,448 (+122%), from €2,827 to €6,275
- Depreciation +€1,398
up €1,398 (+35.5%), from €3,942 to €5,340
- Staff costs +€551
up €551, from -€63 to €489
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,526 | €141,219 | -€12,306 | -8.0% |
| Fixed assets | 21/28 | €18,131 | €18,636 | +€506 | +2.8% |
| Tangible fixed assets | 22/27 | €17,531 | €15,144 | -€2,387 | -13.6% |
| Land and buildings | 22 | €2,682 | €2,029 | -€653 | -24.4% |
| Plant, machinery and equipment | 23 | €4,049 | €2,346 | -€1,703 | -42.1% |
| Furniture and vehicles | 24 | €10,800 | €10,769 | -€31 | -0.3% |
| Financial fixed assets | 28 | €600 | €3,493 | +€2,893 | +482% |
| Current assets | 29/58 | €135,395 | €122,583 | -€12,812 | -9.5% |
| Stocks and contracts in progress | 3 | €34,050 | €19,975 | -€14,075 | -41.3% |
| Stocks | 30/36 | €34,050 | €19,975 | -€14,075 | -41.3% |
| Amounts receivable within one year | 40/41 | €101,345 | €93,480 | -€7,865 | -7.8% |
| Trade receivables | 40 | €68,754 | €32,361 | -€36,393 | -52.9% |
| Other amounts receivable | 41 | €32,591 | €61,119 | +€28,528 | +87.5% |
| Cash at bank and in hand | 54/58 | - | €6,449 | +€6,449 | |
| Deferred charges and accrued income | 490/1 | - | €2,678 | +€2,678 | |
| Total equity and liabilities | 10/49 | €153,526 | €141,219 | -€12,306 | -8.0% |
| Equity | 10/15 | €89,741 | €101,051 | +€11,310 | +12.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,741 | €79,051 | +€11,310 | +16.7% |
| Amounts payable | 17/49 | €63,785 | €40,168 | -€23,616 | -37.0% |
| Amounts payable after more than one year | 17 | - | €435 | +€435 | |
| Financial debts | 170/4 | - | €435 | +€435 | |
| Amounts payable within one year | 42/48 | €63,785 | €39,734 | -€24,051 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,092 | +€5,092 | |
| Financial debts | 43 | €24,328 | €14,479 | -€9,849 | -40.5% |
| Credit institutions | 430/8 | €24,328 | €14,479 | -€9,849 | -40.5% |
| Trade debts | 44 | €22,138 | €386 | -€21,752 | -98.3% |
| Suppliers | 440/4 | €22,138 | €386 | -€21,752 | -98.3% |
| Taxes, remuneration and social security | 45 | €17,318 | €12,276 | -€5,042 | -29.1% |
| Taxes | 450/3 | €17,318 | €12,276 | -€5,042 | -29.1% |
| Other amounts payable | 47/48 | - | €7,500 | +€7,500 | |
| Remuneration, social security and pensions | 62 | -€63 | €489 | +€551 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,942 | €5,340 | +€1,398 | +35.5% |
| Other operating charges | 640/8 | €122 | €168 | +€46 | +37.6% |
| Gross operating margin | 9900 | €41,700 | €36,425 | -€5,275 | -12.6% |
| Operating profit (loss) | 9901 | €37,699 | €30,429 | -€7,270 | -19.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -77.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -77.8% |
| Financial charges | 65/66B | €2,827 | €6,275 | +€3,448 | +122% |
| Recurring financial charges | 65 | €2,827 | €6,275 | +€3,448 | +122% |
| Profit (loss) for the period before taxes | 9903 | €34,872 | €24,154 | -€10,718 | -30.7% |
| Income taxes | 67/77 | €9,892 | €5,344 | -€4,547 | -46.0% |
| Profit (loss) for the period | 9904 | €24,981 | €18,810 | -€6,171 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,981 | €18,810 | -€6,171 | -24.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.