HELIX PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Receivables within one year -€20,188
down €20,188 (-96.5%), from €20,929 to €741
of which Trade receivables: -€20,533
- Cash +€4,356
up €4,356 (+12.9%), from €33,843 to €38,200
mainly Net result for the year (+€22,514) and Other debts (+€21,121)
- Tangible fixed assets -€3,497
down €3,497 (-59.1%), from €5,918 to €2,421
- Deferred charges and accrued income +€1,501
up €1,501 (+387.2%), from €388 to €1,889
- Profit (loss) carried forward -€35,386
down €35,386 (-73.8%), from €47,937 to €12,552
- Other debts +€21,121
up €21,121 (+588.7%), from €3,588 to €24,709
- Tax, wage and social debts -€3,223
down €3,223 (-28.1%), from €11,452 to €8,229
of which Remuneration and social security: -€2,575
- Gross operating margin +€8,440
up €8,440 (+32.0%), from €26,372 to €34,812
- Depreciation +€1,726
up €1,726 (+97.5%), from €1,771 to €3,497
- Taxes +€1,131
up €1,131 (+20.1%), from €5,628 to €6,759
From the 2024 result to the 2025 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.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,289 | €51,676 | -€17,613 | -25.4% |
| Fixed assets | 21/28 | €14,129 | €10,846 | -€3,283 | -23.2% |
| Tangible fixed assets | 22/27 | €5,918 | €2,421 | -€3,497 | -59.1% |
| Furniture and vehicles | 24 | €5,918 | €2,421 | -€3,497 | -59.1% |
| Financial fixed assets | 28 | €8,210 | €8,425 | +€215 | +2.6% |
| Current assets | 29/58 | €55,160 | €40,830 | -€14,330 | -26.0% |
| Amounts receivable within one year | 40/41 | €20,929 | €741 | -€20,188 | -96.5% |
| Trade receivables | 40 | €20,533 | - | -€20,533 | |
| Other amounts receivable | 41 | €396 | €741 | +€345 | +87.2% |
| Cash at bank and in hand | 54/58 | €33,843 | €38,200 | +€4,356 | +12.9% |
| Deferred charges and accrued income | 490/1 | €388 | €1,889 | +€1,501 | +387.2% |
| Total equity and liabilities | 10/49 | €69,289 | €51,676 | -€17,613 | -25.4% |
| Equity | 10/15 | €52,937 | €17,552 | -€35,386 | -66.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,937 | €12,552 | -€35,386 | -73.8% |
| Amounts payable | 17/49 | €16,351 | €34,124 | +€17,773 | +108.7% |
| Amounts payable within one year | 42/48 | €16,001 | €33,552 | +€17,551 | +109.7% |
| Trade debts | 44 | €961 | €614 | -€347 | -36.1% |
| Suppliers | 440/4 | €961 | €614 | -€347 | -36.1% |
| Taxes, remuneration and social security | 45 | €11,452 | €8,229 | -€3,223 | -28.1% |
| Taxes | 450/3 | €8,413 | €7,765 | -€648 | -7.7% |
| Remuneration and social security | 454/9 | €3,040 | €464 | -€2,575 | -84.7% |
| Other amounts payable | 47/48 | €3,588 | €24,709 | +€21,121 | +588.7% |
| Accrued charges and deferred income | 492/3 | €350 | €572 | +€222 | +63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,771 | €3,497 | +€1,726 | +97.5% |
| Other operating charges | 640/8 | €1,180 | €1,212 | +€32 | +2.7% |
| Gross operating margin | 9900 | €26,372 | €34,812 | +€8,440 | +32.0% |
| Operating profit (loss) | 9901 | €23,421 | €30,102 | +€6,681 | +28.5% |
| Financial income | 75/76B | €0 | €5 | +€5 | +49900.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +49900.0% |
| Financial charges | 65/66B | €762 | €834 | +€72 | +9.4% |
| Recurring financial charges | 65 | €762 | €834 | +€72 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €22,659 | €29,273 | +€6,614 | +29.2% |
| Income taxes | 67/77 | €5,628 | €6,759 | +€1,131 | +20.1% |
| Profit (loss) for the period | 9904 | €17,031 | €22,514 | +€5,484 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,031 | €22,514 | +€5,484 | +32.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.