HELIXGUARD: 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.
HELIXGUARD
Largest movements
- Receivables within one year +€40,007
up €40,007 (+37.5%), from €106,653 to €146,660
of which Other amounts receivable: +€36,403
- Other debts +€601,336
up €601,336 (+128.6%), from €467,718 to €1.1m
- Reserves -€498,025
down €498,025 (-94.0%), from €529,568 to €31,543
of which Distributable reserves: -€498,025
- Debts after one year -€84,244
down €84,244 (-11.9%), from €709,513 to €625,268
- Profit (loss) carried forward -€28,413
down €28,413 (-25.8%), from -€110,281 to -€138,694
- Tax, wage and social debts +€26,243
up €26,243 (+872.5%), from €3,008 to €29,250
- Gross operating margin +€40,590
up €40,590 (+746.3%), from €5,439 to €46,028
- Financial charges -€39,458
down €39,458 (-45.3%), from €87,155 to €47,697
- Other operating charges -€2,221
down €2,221 (-22.2%), from €10,001 to €7,779
- Depreciation +€744
up €744 (+4.3%), from €17,474 to €18,218
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 | €1,875,178 | €1,894,928 | +€19,749 | +1.1% |
| Fixed assets | 21/28 | €1,429,835 | €1,412,418 | -€17,418 | -1.2% |
| Tangible fixed assets | 22/27 | €504,835 | €487,418 | -€17,418 | -3.5% |
| Land and buildings | 22 | €489,502 | €476,312 | -€13,191 | -2.7% |
| Plant, machinery and equipment | 23 | €5,174 | €2,496 | -€2,679 | -51.8% |
| Furniture and vehicles | 24 | €10,159 | €8,610 | -€1,548 | -15.2% |
| Financial fixed assets | 28 | €925,000 | €925,000 | = | 0.0% |
| Current assets | 29/58 | €445,343 | €482,510 | +€37,167 | +8.3% |
| Amounts receivable after more than one year | 29 | €335,000 | €335,000 | = | 0.0% |
| Trade receivables | 290 | €335,000 | €335,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €106,653 | €146,660 | +€40,007 | +37.5% |
| Trade receivables | 40 | €14,222 | €17,825 | +€3,604 | +25.3% |
| Other amounts receivable | 41 | €92,432 | €128,835 | +€36,403 | +39.4% |
| Cash at bank and in hand | 54/58 | €2,431 | €350 | -€2,081 | -85.6% |
| Deferred charges and accrued income | 490/1 | €1,259 | €500 | -€759 | -60.3% |
| Total equity and liabilities | 10/49 | €1,875,178 | €1,894,928 | +€19,749 | +1.1% |
| Equity | 10/15 | €437,887 | -€88,551 | -€526,438 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €529,568 | €31,543 | -€498,025 | -94.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €527,708 | €29,683 | -€498,025 | -94.4% |
| Profit (loss) carried forward | 14 | -€110,281 | -€138,694 | -€28,413 | -25.8% |
| Amounts payable | 17/49 | €1,437,292 | €1,983,479 | +€546,187 | +38.0% |
| Amounts payable after more than one year | 17 | €709,513 | €625,268 | -€84,244 | -11.9% |
| Financial debts | 170/4 | €709,513 | €625,268 | -€84,244 | -11.9% |
| Amounts payable within one year | 42/48 | €727,779 | €1,358,211 | +€630,432 | +86.6% |
| Current portion of amounts payable after more than one year | 42 | €81,836 | €84,244 | +€2,408 | +2.9% |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Credit institutions | 430/8 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €217 | €661 | +€444 | +204.9% |
| Suppliers | 440/4 | €217 | €661 | +€444 | +204.9% |
| Taxes, remuneration and social security | 45 | €3,008 | €29,250 | +€26,243 | +872.5% |
| Taxes | 450/3 | €3,008 | €29,250 | +€26,243 | +872.5% |
| Other amounts payable | 47/48 | €467,718 | €1,069,054 | +€601,336 | +128.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,474 | €18,218 | +€744 | +4.3% |
| Other operating charges | 640/8 | €10,001 | €7,779 | -€2,221 | -22.2% |
| Gross operating margin | 9900 | €5,439 | €46,028 | +€40,590 | +746.3% |
| Operating profit (loss) | 9901 | -€22,036 | €20,031 | +€42,067 | |
| Financial income | 75/76B | €1 | €2 | +€1 | +85.8% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +85.8% |
| Financial charges | 65/66B | €87,155 | €47,697 | -€39,458 | -45.3% |
| Recurring financial charges | 65 | €87,155 | €47,697 | -€39,458 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | -€109,190 | -€27,664 | +€81,526 | +74.7% |
| Income taxes | 67/77 | €1,091 | €749 | -€342 | -31.4% |
| Profit (loss) for the period | 9904 | -€110,281 | -€28,413 | +€81,868 | +74.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,281 | -€28,413 | +€81,868 | +74.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.