HELLAS: 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.
HELLAS
Largest movements
- Receivables within one year +€12,149
up €12,149 (+48.4%), from €25,102 to €37,251
of which Other amounts receivable: +€10,264
- Other debts +€51,618
up €51,618 (+94.5%), from €54,608 to €106,226
- Debts after one year +€37,054
up €37,054 (+52.5%), from €70,620 to €107,674
- Reserves -€27,526
down €27,526 (-3.7%), from €737,012 to €709,487
of which Tax-exempt reserves: -€27,526
- Profit (loss) carried forward -€27,224
down €27,224 (-10.7%), from -€253,444 to -€280,668
- Current portion of long-term debt -€15,890
no longer reported in 2025 (was €15,890)
- Gross operating margin +€5,221
up €5,221 (+24.1%), from -€21,683 to -€16,462
- Financial charges +€3,385
up €3,385 (+56.3%), from €6,007 to €9,392
- Depreciation +€1,833
up €1,833 (+4.6%), from €39,867 to €41,699
- Other operating charges -€628
down €628 (-34.5%), from €1,820 to €1,192
- Staff costs -€231
no longer reported in 2025 (was €231)
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 | €1,000,223 | €1,000,037 | -€186 | 0.0% |
| Fixed assets | 21/28 | €954,086 | €947,760 | -€6,327 | -0.7% |
| Tangible fixed assets | 22/27 | €952,815 | €946,489 | -€6,327 | -0.7% |
| Land and buildings | 22 | €926,577 | €919,733 | -€6,844 | -0.7% |
| Plant, machinery and equipment | 23 | €17,053 | €19,755 | +€2,703 | +15.8% |
| Furniture and vehicles | 24 | €9,186 | €7,000 | -€2,186 | -23.8% |
| Financial fixed assets | 28 | €1,271 | €1,271 | = | 0.0% |
| Current assets | 29/58 | €46,137 | €52,278 | +€6,141 | +13.3% |
| Amounts receivable within one year | 40/41 | €25,102 | €37,251 | +€12,149 | +48.4% |
| Trade receivables | 40 | €2,025 | €3,910 | +€1,885 | +93.1% |
| Other amounts receivable | 41 | €23,077 | €33,341 | +€10,264 | +44.5% |
| Cash at bank and in hand | 54/58 | €20,557 | €14,548 | -€6,008 | -29.2% |
| Deferred charges and accrued income | 490/1 | €479 | €479 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,000,223 | €1,000,037 | -€186 | 0.0% |
| Equity | 10/15 | €502,160 | €447,411 | -€54,749 | -10.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €737,012 | €709,487 | -€27,526 | -3.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €670,153 | €642,628 | -€27,526 | -4.1% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,444 | -€280,668 | -€27,224 | -10.7% |
| Provisions and deferred taxes | 16 | €336,916 | €322,743 | -€14,174 | -4.2% |
| Deferred taxes | 168 | €336,916 | €322,743 | -€14,174 | -4.2% |
| Amounts payable | 17/49 | €161,147 | €229,883 | +€68,737 | +42.7% |
| Amounts payable after more than one year | 17 | €70,620 | €107,674 | +€37,054 | +52.5% |
| Financial debts | 170/4 | €70,620 | €107,674 | +€37,054 | +52.5% |
| Amounts payable within one year | 42/48 | €90,526 | €122,209 | +€31,683 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €15,890 | - | -€15,890 | |
| Trade debts | 44 | €17,674 | €13,518 | -€4,156 | -23.5% |
| Suppliers | 440/4 | €17,674 | €13,518 | -€4,156 | -23.5% |
| Taxes, remuneration and social security | 45 | €2,355 | €2,465 | +€111 | +4.7% |
| Taxes | 450/3 | €2,355 | €2,465 | +€111 | +4.7% |
| Other amounts payable | 47/48 | €54,608 | €106,226 | +€51,618 | +94.5% |
| Remuneration, social security and pensions | 62 | €231 | - | -€231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,867 | €41,699 | +€1,833 | +4.6% |
| Other operating charges | 640/8 | €1,820 | €1,192 | -€628 | -34.5% |
| Gross operating margin | 9900 | -€21,683 | -€16,462 | +€5,221 | +24.1% |
| Operating profit (loss) | 9901 | -€63,600 | -€59,353 | +€4,248 | +6.7% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €6,007 | €9,392 | +€3,385 | +56.3% |
| Recurring financial charges | 65 | €6,007 | €9,392 | +€3,385 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | -€69,604 | -€68,744 | +€860 | +1.2% |
| Transfer from deferred taxes | 780 | €13,551 | €14,174 | +€623 | +4.6% |
| Income taxes | 67/77 | €68 | €178 | +€111 | +163.6% |
| Profit (loss) for the period | 9904 | -€56,121 | -€54,749 | +€1,372 | +2.4% |
| Transfer from tax-exempt reserves | 789 | €26,316 | €27,526 | +€1,210 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,805 | -€27,224 | +€2,582 | +8.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.