HELIX QUALITY SERVICES: 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 QUALITY SERVICES
Largest movements
- Receivables within one year +€20,330
up €20,330 (+88.9%), from €22,875 to €43,205
of which Trade receivables: +€19,408
- Cash +€17,735
up €17,735 (+24.3%), from €72,881 to €90,616
mainly Net result for the year (+€81,589) and Depreciation (+€12,907)
- Tangible fixed assets -€12,907
down €12,907 (-30.5%), from €42,353 to €29,446
of which Furniture and vehicles: -€11,307
- Deferred charges and accrued income -€1,885
down €1,885 (-14.6%), from €12,913 to €11,029
- Reserves +€81,580
up €81,580 (+121%), from €67,193 to €148,773
of which Distributable reserves: +€81,580
- Other debts -€49,724
no longer reported in 2025 (was €49,724)
- Tax, wage and social debts -€7,148
down €7,148 (-27.4%), from €26,052 to €18,903
- Gross operating margin +€23,736
up €23,736 (+22.2%), from €107,114 to €130,850
- Taxes +€11,512
up €11,512 (+54.3%), from €21,208 to €32,719
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.
Derived cash bridge
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 | €151,021 | €174,295 | +€23,274 | +15.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €42,353 | €29,446 | -€12,907 | -30.5% |
| Tangible fixed assets | 22/27 | €42,353 | €29,446 | -€12,907 | -30.5% |
| Plant, machinery and equipment | 23 | €7,367 | €5,767 | -€1,600 | -21.7% |
| Furniture and vehicles | 24 | €34,986 | €23,679 | -€11,307 | -32.3% |
| Current assets | 29/58 | €108,669 | €144,849 | +€36,180 | +33.3% |
| Amounts receivable within one year | 40/41 | €22,875 | €43,205 | +€20,330 | +88.9% |
| Trade receivables | 40 | €19,618 | €39,026 | +€19,408 | +98.9% |
| Other amounts receivable | 41 | €3,257 | €4,179 | +€922 | +28.3% |
| Cash at bank and in hand | 54/58 | €72,881 | €90,616 | +€17,735 | +24.3% |
| Deferred charges and accrued income | 490/1 | €12,913 | €11,029 | -€1,885 | -14.6% |
| Total equity and liabilities | 10/49 | €151,021 | €174,295 | +€23,274 | +15.4% |
| Equity | 10/15 | €73,542 | €155,131 | +€81,589 | +111% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,193 | €148,773 | +€81,580 | +121% |
| Tax-exempt reserves | 132 | €3,293 | €3,293 | = | 0.0% |
| Distributable reserves | 133 | €63,900 | €145,480 | +€81,580 | +128% |
| Profit (loss) carried forward | 14 | €149 | €158 | +€9 | +5.7% |
| Amounts payable | 17/49 | €77,479 | €19,164 | -€58,315 | -75.3% |
| Amounts payable within one year | 42/48 | €77,479 | €19,164 | -€58,315 | -75.3% |
| Trade debts | 44 | €1,703 | €261 | -€1,442 | -84.7% |
| Suppliers | 440/4 | €1,703 | €261 | -€1,442 | -84.7% |
| Taxes, remuneration and social security | 45 | €26,052 | €18,903 | -€7,148 | -27.4% |
| Taxes | 450/3 | €26,052 | €18,903 | -€7,148 | -27.4% |
| Other amounts payable | 47/48 | €49,724 | - | -€49,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,688 | €12,907 | +€219 | +1.7% |
| Other operating charges | 640/8 | €3,794 | €3,647 | -€146 | -3.9% |
| Gross operating margin | 9900 | €107,114 | €130,850 | +€23,736 | +22.2% |
| Operating profit (loss) | 9901 | €90,632 | €114,295 | +€23,664 | +26.1% |
| Financial income | 75/76B | €11 | €244 | +€233 | +2,209% |
| Recurring financial income | 75 | €11 | €244 | +€233 | +2,209% |
| Financial charges | 65/66B | €294 | €231 | -€63 | -21.4% |
| Recurring financial charges | 65 | €294 | €231 | -€63 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €90,349 | €114,308 | +€23,959 | +26.5% |
| Income taxes | 67/77 | €21,208 | €32,719 | +€11,512 | +54.3% |
| Profit (loss) for the period | 9904 | €69,141 | €81,589 | +€12,448 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,141 | €81,589 | +€12,448 | +18.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.