HELLAS EXPRESS: 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 EXPRESS
Largest movements
- Receivables within one year +€138,660
up €138,660 (+45.1%), from €307,506 to €446,166
of which Other amounts receivable: +€82,279
- Tangible fixed assets -€22,084
down €22,084 (-8.6%), from €256,725 to €234,641
of which Furniture and vehicles: -€16,269
- Cash +€10,683
up €10,683 (+5.1%), from €209,483 to €220,166
mainly Net result for the year (+€65,400) and Tax, wage and social debts (+€62,376)
- Reserves +€65,400
up €65,400 (+52.0%), from €125,869 to €191,269
- Tax, wage and social debts +€62,376
up €62,376 (+46.6%), from €133,909 to €196,285
of which Remuneration and social security: +€43,056
- Debts after one year -€32,063
down €32,063 (-19.4%), from €165,144 to €133,080
- Trade debts +€22,960
up €22,960 (+11.5%), from €200,474 to €223,434
- Current portion of long-term debt +€12,066
up €12,066 (+27.7%), from €43,545 to €55,611
- Staff costs +€168,643
up €168,643 (+51.4%), from €327,950 to €496,593
- Gross operating margin +€99,177
up €99,177 (+17.5%), from €566,385 to €665,563
- Taxes -€21,803
down €21,803 (-43.2%), from €50,465 to €28,662
- Depreciation +€11,489
up €11,489 (+39.0%), from €29,481 to €40,970
- Financial charges -€11,404
down €11,404 (-57.5%), from €19,843 to €8,439
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 | €788,354 | €912,431 | +€124,077 | +15.7% |
| Fixed assets | 21/28 | €257,325 | €235,241 | -€22,084 | -8.6% |
| Tangible fixed assets | 22/27 | €256,725 | €234,641 | -€22,084 | -8.6% |
| Land and buildings | 22 | €151,250 | €137,500 | -€13,750 | -9.1% |
| Plant, machinery and equipment | 23 | €49,037 | €56,972 | +€7,936 | +16.2% |
| Furniture and vehicles | 24 | €56,438 | €40,169 | -€16,269 | -28.8% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €531,029 | €677,190 | +€146,161 | +27.5% |
| Amounts receivable within one year | 40/41 | €307,506 | €446,166 | +€138,660 | +45.1% |
| Trade receivables | 40 | €294,163 | €350,544 | +€56,381 | +19.2% |
| Other amounts receivable | 41 | €13,343 | €95,622 | +€82,279 | +617% |
| Cash at bank and in hand | 54/58 | €209,483 | €220,166 | +€10,683 | +5.1% |
| Deferred charges and accrued income | 490/1 | €14,040 | €10,858 | -€3,182 | -22.7% |
| Total equity and liabilities | 10/49 | €788,354 | €912,431 | +€124,077 | +15.7% |
| Equity | 10/15 | €238,491 | €303,891 | +€65,400 | +27.4% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Reserves | 13 | €125,869 | €191,269 | +€65,400 | +52.0% |
| Distributable reserves | 133 | €125,869 | €191,269 | +€65,400 | +52.0% |
| Profit (loss) carried forward | 14 | €78,622 | €78,622 | = | 0.0% |
| Amounts payable | 17/49 | €549,862 | €608,540 | +€58,678 | +10.7% |
| Amounts payable after more than one year | 17 | €165,144 | €133,080 | -€32,063 | -19.4% |
| Financial debts | 170/4 | €165,144 | €133,080 | -€32,063 | -19.4% |
| Amounts payable within one year | 42/48 | €384,589 | €475,330 | +€90,741 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €43,545 | €55,611 | +€12,066 | +27.7% |
| Trade debts | 44 | €200,474 | €223,434 | +€22,960 | +11.5% |
| Suppliers | 440/4 | €200,474 | €223,434 | +€22,960 | +11.5% |
| Advances received on contracts in progress | 46 | €6,661 | - | -€6,661 | |
| Taxes, remuneration and social security | 45 | €133,909 | €196,285 | +€62,376 | +46.6% |
| Taxes | 450/3 | €96,282 | €115,603 | +€19,320 | +20.1% |
| Remuneration and social security | 454/9 | €37,626 | €80,682 | +€43,056 | +114% |
| Accrued charges and deferred income | 492/3 | €130 | €130 | = | 0.0% |
| Non-recurring operating income | 76A | €21,476 | - | -€21,476 | |
| Remuneration, social security and pensions | 62 | €327,950 | €496,593 | +€168,643 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,481 | €40,970 | +€11,489 | +39.0% |
| Other operating charges | 640/8 | €15,684 | €25,911 | +€10,227 | +65.2% |
| Gross operating margin | 9900 | €566,385 | €665,563 | +€99,177 | +17.5% |
| Operating profit (loss) | 9901 | €193,270 | €102,089 | -€91,181 | -47.2% |
| Financial income | 75/76B | €591 | €412 | -€179 | -30.3% |
| Recurring financial income | 75 | €591 | €412 | -€179 | -30.3% |
| Financial charges | 65/66B | €19,843 | €8,439 | -€11,404 | -57.5% |
| Recurring financial charges | 65 | €19,843 | €8,439 | -€11,404 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €174,018 | €94,061 | -€79,957 | -45.9% |
| Income taxes | 67/77 | €50,465 | €28,662 | -€21,803 | -43.2% |
| Profit (loss) for the period | 9904 | €123,553 | €65,400 | -€58,153 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €123,553 | €65,400 | -€58,153 | -47.1% |
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 13 October 2026 via checked.be.