HELLADA: 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.
HELLADA
Largest movements
- Tangible fixed assets -€11,586
down €11,586 (-6.7%), from €173,557 to €161,971
- Cash -€2,931
down €2,931 (-83.1%), from €3,527 to €596
mainly Debts after one year (-€15,159) and Trade debts (-€888)
- Debts after one year -€15,159
down €15,159 (-7.3%), from €208,813 to €193,654
- Gross operating margin -€3,079
down €3,079 (-12.5%), from €24,644 to €21,565
- Financial charges +€931
up €931 (+25.7%), from €3,621 to €4,552
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 | €177,084 | €162,594 | -€14,490 | -8.2% |
| Fixed assets | 21/28 | €173,557 | €161,971 | -€11,586 | -6.7% |
| Tangible fixed assets | 22/27 | €173,557 | €161,971 | -€11,586 | -6.7% |
| Land and buildings | 22 | €173,557 | €161,971 | -€11,586 | -6.7% |
| Current assets | 29/58 | €3,527 | €623 | -€2,904 | -82.3% |
| Current investments | 50/53 | - | €27 | +€27 | |
| Cash at bank and in hand | 54/58 | €3,527 | €596 | -€2,931 | -83.1% |
| Total equity and liabilities | 10/49 | €177,084 | €162,594 | -€14,490 | -8.2% |
| Equity | 10/15 | -€68,192 | -€66,699 | +€1,494 | +2.2% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,192 | -€99,699 | +€1,494 | +1.5% |
| Amounts payable | 17/49 | €245,276 | €229,293 | -€15,983 | -6.5% |
| Amounts payable after more than one year | 17 | €208,813 | €193,654 | -€15,159 | -7.3% |
| Financial debts | 170/4 | €208,813 | €193,654 | -€15,159 | -7.3% |
| Amounts payable within one year | 42/48 | €36,463 | €35,639 | -€824 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €16,158 | €15,756 | -€402 | -2.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,996 | €7,108 | -€888 | -11.1% |
| Suppliers | 440/4 | €7,996 | €7,108 | -€888 | -11.1% |
| Other amounts payable | 47/48 | €12,310 | €12,775 | +€465 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,586 | €11,586 | = | 0.0% |
| Other operating charges | 640/8 | €3,814 | €3,934 | +€120 | +3.1% |
| Gross operating margin | 9900 | €24,644 | €21,565 | -€3,079 | -12.5% |
| Operating profit (loss) | 9901 | €9,244 | €6,045 | -€3,199 | -34.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €3,621 | €4,552 | +€931 | +25.7% |
| Recurring financial charges | 65 | €3,621 | €4,552 | +€931 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €5,623 | €1,494 | -€4,129 | -73.4% |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €5,623 | €1,494 | -€4,129 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,623 | €1,494 | -€4,129 | -73.4% |
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 12 October 2026 via checked.be.