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
- Stocks and contracts -€56,221
down €56,221 (-9.2%), from €609,866 to €553,645
- Receivables within one year +€53,875
up €53,875 (+294.6%), from €18,288 to €72,163
of which Trade receivables: +€53,875
- Other debts -€42,926
down €42,926 (-11.7%), from €365,615 to €322,689
- Profit (loss) carried forward +€35,894
up €35,894 (+28.8%), from -€124,775 to -€88,881
- Staff costs -€15,401
down €15,401 (-46.7%), from €32,962 to €17,561
- Gross operating margin +€10,207
up €10,207 (+20.1%), from €50,678 to €60,885
- Other operating charges -€6,370
down €6,370 (-77.2%), from €8,254 to €1,884
- Financial charges +€1,192
up €1,192 (+97.9%), from €1,218 to €2,410
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 | €649,630 | €646,319 | -€3,311 | -0.5% |
| Fixed assets | 21/28 | €15,323 | €12,129 | -€3,194 | -20.8% |
| Tangible fixed assets | 22/27 | €15,323 | €12,129 | -€3,194 | -20.8% |
| Other tangible fixed assets | 26 | €15,323 | €12,129 | -€3,194 | -20.8% |
| Current assets | 29/58 | €634,307 | €634,190 | -€117 | 0.0% |
| Stocks and contracts in progress | 3 | €609,866 | €553,645 | -€56,221 | -9.2% |
| Stocks | 30/36 | €609,866 | €553,645 | -€56,221 | -9.2% |
| Amounts receivable within one year | 40/41 | €18,288 | €72,163 | +€53,875 | +294.6% |
| Trade receivables | 40 | €110 | €53,985 | +€53,875 | +48977.3% |
| Other amounts receivable | 41 | €18,178 | €18,178 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,153 | €8,382 | +€2,229 | +36.2% |
| Total equity and liabilities | 10/49 | €649,630 | €646,319 | -€3,311 | -0.5% |
| Equity | 10/15 | -€43,775 | -€7,881 | +€35,894 | +82.0% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,775 | -€88,881 | +€35,894 | +28.8% |
| Amounts payable | 17/49 | €693,406 | €654,200 | -€39,205 | -5.7% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Other amounts payable | 178/9 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €443,406 | €401,915 | -€41,491 | -9.4% |
| Trade debts | 44 | €53,943 | €58,815 | +€4,871 | +9.0% |
| Suppliers | 440/4 | €53,943 | €58,815 | +€4,871 | +9.0% |
| Taxes, remuneration and social security | 45 | €23,847 | €20,411 | -€3,436 | -14.4% |
| Taxes | 450/3 | €13,075 | €17,225 | +€4,151 | +31.7% |
| Remuneration and social security | 454/9 | €10,773 | €3,186 | -€7,587 | -70.4% |
| Other amounts payable | 47/48 | €365,615 | €322,689 | -€42,926 | -11.7% |
| Accrued charges and deferred income | 492/3 | - | €2,285 | +€2,285 | |
| Remuneration, social security and pensions | 62 | €32,962 | €17,561 | -€15,401 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,693 | €3,194 | +€501 | +18.6% |
| Other operating charges | 640/8 | €8,254 | €1,884 | -€6,370 | -77.2% |
| Gross operating margin | 9900 | €50,678 | €60,885 | +€10,207 | +20.1% |
| Operating profit (loss) | 9901 | €6,769 | €38,247 | +€31,477 | +465.0% |
| Financial income | 75/76B | €628 | €57 | -€571 | -90.9% |
| Recurring financial income | 75 | €628 | €57 | -€571 | -90.9% |
| Financial charges | 65/66B | €1,218 | €2,410 | +€1,192 | +97.9% |
| Recurring financial charges | 65 | €1,218 | €2,410 | +€1,192 | +97.9% |
| Profit (loss) for the period before taxes | 9903 | €6,180 | €35,894 | +€29,714 | +480.8% |
| Profit (loss) for the period | 9904 | €6,180 | €35,894 | +€29,714 | +480.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,180 | €35,894 | +€29,714 | +480.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.