HELLEA: 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.
HELLEA
Largest movements
- Cash +€3,175
up €3,175 (+278%), from €1,143 to €4,318
mainly Other debts (+€7,825) and Depreciation (+€7,773)
- Tangible fixed assets -€2,421
down €2,421 (-26.6%), from €9,099 to €6,678
of which Furniture and vehicles: -€7,119
- Receivables within one year +€1,319
up €1,319 (+814%), from €162 to €1,482
of which Trade receivables: +€699
- Other debts +€7,825
up €7,825 (+28.7%), from €27,243 to €35,068
- Trade debts +€5,897
new in 2025: €5,897
- Short-term financial debts -€5,663
down €5,663 (-83.2%), from €6,807 to €1,144
- Profit (loss) carried forward -€4,842
down €4,842 (-23.6%), from -€20,541 to -€25,383
- Debts after one year -€1,144
no longer reported in 2025 (was €1,144)
- Write-downs -€21,000
no longer reported in 2025 (was €21,000)
- Gross operating margin -€20,615
down €20,615 (-85.7%), from €24,064 to €3,450
- Other operating charges +€931
up €931 (+1,034%), from €90 to €1,021
- Depreciation -€887
down €887 (-10.2%), from €8,660 to €7,773
- Financial income +€707
new in 2025: €707
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 | €36,654 | €38,727 | +€2,073 | +5.7% |
| Fixed assets | 21/28 | €35,349 | €32,928 | -€2,421 | -6.8% |
| Tangible fixed assets | 22/27 | €9,099 | €6,678 | -€2,421 | -26.6% |
| Plant, machinery and equipment | 23 | €653 | €5,351 | +€4,698 | +719% |
| Furniture and vehicles | 24 | €8,446 | €1,326 | -€7,119 | -84.3% |
| Financial fixed assets | 28 | €26,250 | €26,250 | = | 0.0% |
| Current assets | 29/58 | €1,305 | €5,799 | +€4,494 | +344% |
| Amounts receivable within one year | 40/41 | €162 | €1,482 | +€1,319 | +814% |
| Trade receivables | 40 | - | €699 | +€699 | |
| Other amounts receivable | 41 | €162 | €783 | +€620 | +383% |
| Cash at bank and in hand | 54/58 | €1,143 | €4,318 | +€3,175 | +278% |
| Total equity and liabilities | 10/49 | €36,654 | €38,727 | +€2,073 | +5.7% |
| Equity | 10/15 | €1,459 | -€3,383 | -€4,842 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,541 | -€25,383 | -€4,842 | -23.6% |
| Amounts payable | 17/49 | €35,195 | €42,110 | +€6,915 | +19.6% |
| Amounts payable after more than one year | 17 | €1,144 | - | -€1,144 | |
| Financial debts | 170/4 | €1,144 | - | -€1,144 | |
| Amounts payable within one year | 42/48 | €34,050 | €42,110 | +€8,059 | +23.7% |
| Financial debts | 43 | €6,807 | €1,144 | -€5,663 | -83.2% |
| Credit institutions | 430/8 | €6,807 | €1,144 | -€5,663 | -83.2% |
| Trade debts | 44 | - | €5,897 | +€5,897 | |
| Suppliers | 440/4 | - | €5,897 | +€5,897 | |
| Other amounts payable | 47/48 | €27,243 | €35,068 | +€7,825 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,660 | €7,773 | -€887 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,000 | - | -€21,000 | |
| Other operating charges | 640/8 | €90 | €1,021 | +€931 | +1,034% |
| Gross operating margin | 9900 | €24,064 | €3,450 | -€20,615 | -85.7% |
| Operating profit (loss) | 9901 | -€5,685 | -€5,343 | +€342 | +6.0% |
| Financial income | 75/76B | - | €707 | +€707 | |
| Recurring financial income | 75 | - | €707 | +€707 | |
| Financial charges | 65/66B | €172 | €85 | -€86 | -50.2% |
| Recurring financial charges | 65 | €172 | €85 | -€86 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,857 | -€4,721 | +€1,136 | +19.4% |
| Income taxes | 67/77 | €104 | €121 | +€17 | +16.1% |
| Profit (loss) for the period | 9904 | -€5,961 | -€4,842 | +€1,119 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,961 | -€4,842 | +€1,119 | +18.8% |
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 22 October 2026 via checked.be.