HELLAS: 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.
HELLAS
Largest movements
- Receivables within one year -€29,761
down €29,761 (-99.5%), from €29,904 to €143
- Tangible fixed assets -€12,287
no longer reported in 2025 (was €12,287)
- Stocks and contracts -€6,094
no longer reported in 2025 (was €6,094)
- Cash -€1,180
down €1,180 (-98.9%), from €1,193 to €13
mainly Tax, wage and social debts (-€45,058) and Net result for the year (-€15,400)
- Deferred charges and accrued income -€534
no longer reported in 2025 (was €534)
- Tax, wage and social debts -€45,058
down €45,058 (-96.1%), from €46,871 to €1,813
of which Taxes: -€46,230
- Other debts +€20,319
up €20,319 (+23.6%), from €86,279 to €106,598
- Profit (loss) carried forward -€15,400
down €15,400 (-7.4%), from -€209,421 to -€224,821
- Short-term financial debts -€5,962
down €5,962 (-73.6%), from €8,098 to €2,136
- Trade debts -€3,601
down €3,601 (-32.9%), from €10,946 to €7,345
- Gross operating margin -€29,155
down €29,155, from €18,621 to -€10,534
- Financial charges -€26,179
down €26,179 (-89.2%), from €29,361 to €3,182
- Staff costs -€7,131
down €7,131 (-97.5%), from €7,313 to €182
- Write-downs -€4,063
no longer reported in 2025 (was €4,063)
- Other operating charges -€2,591
down €2,591 (-73.8%), from €3,509 to €918
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 | €50,012 | €156 | -€49,856 | -99.7% |
| Fixed assets | 21/28 | €12,287 | - | -€12,287 | |
| Tangible fixed assets | 22/27 | €12,287 | - | -€12,287 | |
| Furniture and vehicles | 24 | €12,287 | - | -€12,287 | |
| Current assets | 29/58 | €37,725 | €156 | -€37,569 | -99.6% |
| Stocks and contracts in progress | 3 | €6,094 | - | -€6,094 | |
| Stocks | 30/36 | €6,094 | - | -€6,094 | |
| Amounts receivable within one year | 40/41 | €29,904 | €143 | -€29,761 | -99.5% |
| Other amounts receivable | 41 | €29,904 | €143 | -€29,761 | -99.5% |
| Cash at bank and in hand | 54/58 | €1,193 | €13 | -€1,180 | -98.9% |
| Deferred charges and accrued income | 490/1 | €534 | - | -€534 | |
| Total equity and liabilities | 10/49 | €50,012 | €156 | -€49,856 | -99.7% |
| Equity | 10/15 | -€102,336 | -€117,736 | -€15,400 | -15.0% |
| Contributions | 10/11 | €80,587 | €80,587 | = | 0.0% |
| Capital | 10 | €80,587 | €80,587 | = | 0.0% |
| Issued capital | 100 | €80,587 | €80,587 | = | 0.0% |
| Reserves | 13 | €26,498 | €26,498 | = | 0.0% |
| Non-distributable reserves | 130/1 | €88 | €88 | = | 0.0% |
| Legal reserve | 130 | €88 | €88 | = | 0.0% |
| Distributable reserves | 133 | €26,410 | €26,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€209,421 | -€224,821 | -€15,400 | -7.4% |
| Amounts payable | 17/49 | €152,348 | €117,892 | -€34,456 | -22.6% |
| Amounts payable within one year | 42/48 | €152,194 | €117,892 | -€34,302 | -22.5% |
| Financial debts | 43 | €8,098 | €2,136 | -€5,962 | -73.6% |
| Credit institutions | 430/8 | €8,098 | €2,136 | -€5,962 | -73.6% |
| Trade debts | 44 | €10,946 | €7,345 | -€3,601 | -32.9% |
| Suppliers | 440/4 | €10,946 | €7,345 | -€3,601 | -32.9% |
| Taxes, remuneration and social security | 45 | €46,871 | €1,813 | -€45,058 | -96.1% |
| Taxes | 450/3 | €46,543 | €313 | -€46,230 | -99.3% |
| Remuneration and social security | 454/9 | €328 | €1,500 | +€1,172 | +357.3% |
| Other amounts payable | 47/48 | €86,279 | €106,598 | +€20,319 | +23.6% |
| Accrued charges and deferred income | 492/3 | €154 | - | -€154 | |
| Remuneration, social security and pensions | 62 | €7,313 | €182 | -€7,131 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €955 | - | -€955 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,063 | - | -€4,063 | |
| Other operating charges | 640/8 | €3,509 | €918 | -€2,591 | -73.8% |
| Non-recurring operating charges | 66A | €2,263 | €584 | -€1,679 | -74.2% |
| Gross operating margin | 9900 | €18,621 | -€10,534 | -€29,155 | |
| Operating profit (loss) | 9901 | €518 | -€12,218 | -€12,736 | |
| Financial charges | 65/66B | €29,361 | €3,182 | -€26,179 | -89.2% |
| Recurring financial charges | 65 | €29,361 | €3,182 | -€26,179 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,843 | -€15,400 | +€13,443 | +46.6% |
| Income taxes | 67/77 | €131 | - | -€131 | |
| Profit (loss) for the period | 9904 | -€28,974 | -€15,400 | +€13,574 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,974 | -€15,400 | +€13,574 | +46.8% |
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 9 October 2026 via checked.be.