HELKON: 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.
HELKON
Largest movements
- Receivables within one year +€560,810
up €560,810 (+160%), from €351,245 to €912,055
of which Other amounts receivable: +€560,810
- Other debts +€537,435
up €537,435 (+167%), from €322,166 to €859,600
- Reserves +€47,287
up €47,287 (+8.8%), from €539,179 to €586,466
- Debts after one year -€25,048
down €25,048 (-100%), from €25,048 to €0
- Financial income +€495,519
up €495,519 (+155%), from €318,856 to €814,375
of which Financial income: +€495,519
- Gross operating margin +€2,787
up €2,787 (+24.9%), from -€11,205 to -€8,418
- Financial charges +€1,630
up €1,630 (+25.6%), from €6,371 to €8,001
of which Financial charges: +€6,466
- Other operating charges -€580
down €580 (-46.4%), from €1,250 to €669
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 | €956,328 | €1,525,712 | +€569,384 | +59.5% |
| Fixed assets | 21/28 | €603,948 | €603,948 | = | 0.0% |
| Financial fixed assets | 28 | €603,948 | €603,948 | = | 0.0% |
| Current assets | 29/58 | €352,380 | €921,764 | +€569,384 | +162% |
| Amounts receivable within one year | 40/41 | €351,245 | €912,055 | +€560,810 | +160% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €351,245 | €912,055 | +€560,810 | +160% |
| Cash at bank and in hand | 54/58 | €1,135 | €9,709 | +€8,574 | +755% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €956,328 | €1,525,712 | +€569,384 | +59.5% |
| Equity | 10/15 | €582,729 | €630,016 | +€47,287 | +8.1% |
| Contributions | 10/11 | €43,550 | €43,550 | = | 0.0% |
| Reserves | 13 | €539,179 | €586,466 | +€47,287 | +8.8% |
| Distributable reserves | 133 | €539,179 | €586,466 | +€47,287 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €373,599 | €895,695 | +€522,097 | +140% |
| Amounts payable after more than one year | 17 | €25,048 | €0 | -€25,048 | -100% |
| Financial debts | 170/4 | €25,048 | €0 | -€25,048 | -100% |
| Amounts payable within one year | 42/48 | €348,551 | €888,668 | +€540,118 | +155% |
| Current portion of amounts payable after more than one year | 42 | €24,706 | €25,048 | +€343 | +1.4% |
| Trade debts | 44 | €1,679 | €4,019 | +€2,340 | +139% |
| Suppliers | 440/4 | €1,679 | €4,019 | +€2,340 | +139% |
| Other amounts payable | 47/48 | €322,166 | €859,600 | +€537,435 | +167% |
| Accrued charges and deferred income | 492/3 | - | €7,027 | +€7,027 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,250 | €669 | -€580 | -46.4% |
| Gross operating margin | 9900 | -€11,205 | -€8,418 | +€2,787 | +24.9% |
| Operating profit (loss) | 9901 | -€12,455 | -€9,087 | +€3,367 | +27.0% |
| Financial income | 75/76B | €318,856 | €814,375 | +€495,519 | +155% |
| Recurring financial income | 75 | €318,856 | €814,375 | +€495,519 | +155% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €6,371 | €8,001 | +€1,630 | +25.6% |
| Recurring financial charges | 65 | €1,535 | €8,001 | +€6,466 | +421% |
| Non-recurring financial charges | 66B | €4,836 | €0 | -€4,836 | -100% |
| Profit (loss) for the period before taxes | 9903 | €300,031 | €797,287 | +€497,256 | +166% |
| Profit (loss) for the period | 9904 | €300,031 | €797,287 | +€497,256 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €300,031 | €797,287 | +€497,256 | +166% |
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 14 October 2026 via checked.be.