HELLENIQUE: 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.
HELLENIQUE
Largest movements
- Receivables within one year +€52,816
up €52,816 (+35.4%), from €149,114 to €201,929
of which Other amounts receivable: +€57,510
- Cash -€44,642
down €44,642 (-54.9%), from €81,331 to €36,690
mainly Investment in fixed assets (net) (-€87,825) and Receivables within one year (-€52,816)
- Tangible fixed assets +€35,418
up €35,418 (+5.2%), from €674,951 to €710,368
of which Land and buildings: +€52,330
- Debts after one year +€50,706
up €50,706 (+9.5%), from €535,471 to €586,177
- Other debts -€30,000
down €30,000 (-75.0%), from €40,000 to €10,000
- Profit (loss) carried forward +€16,066
up €16,066 (+13.3%), from €120,770 to €136,835
- Advances received -€13,211
down €13,211 (-100.0%), from €13,211 to €0
- Gross operating margin -€40,356
down €40,356 (-12.5%), from €322,767 to €282,411
- Staff costs -€18,424
down €18,424 (-11.0%), from €167,124 to €148,700
- Depreciation -€4,477
down €4,477 (-7.8%), from €57,051 to €52,574
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 | €937,540 | €983,712 | +€46,171 | +4.9% |
| Fixed assets | 21/28 | €675,724 | €710,975 | +€35,251 | +5.2% |
| Intangible fixed assets | 21 | €366 | €199 | -€167 | -45.5% |
| Tangible fixed assets | 22/27 | €674,951 | €710,368 | +€35,418 | +5.2% |
| Land and buildings | 22 | €595,914 | €648,244 | +€52,330 | +8.8% |
| Plant, machinery and equipment | 23 | €11,340 | €21,795 | +€10,455 | +92.2% |
| Furniture and vehicles | 24 | €21,489 | €6,561 | -€14,928 | -69.5% |
| Other tangible fixed assets | 26 | €46,208 | €33,768 | -€12,439 | -26.9% |
| Financial fixed assets | 28 | €408 | €408 | = | 0.0% |
| Current assets | 29/58 | €261,816 | €272,736 | +€10,920 | +4.2% |
| Amounts receivable after more than one year | 29 | €6,338 | €338 | -€6,000 | -94.7% |
| Other amounts receivable | 291 | €6,338 | €338 | -€6,000 | -94.7% |
| Stocks and contracts in progress | 3 | €19,500 | €28,000 | +€8,500 | +43.6% |
| Stocks | 30/36 | €19,500 | €28,000 | +€8,500 | +43.6% |
| Amounts receivable within one year | 40/41 | €149,114 | €201,929 | +€52,816 | +35.4% |
| Trade receivables | 40 | €31,029 | €26,334 | -€4,694 | -15.1% |
| Other amounts receivable | 41 | €118,085 | €175,595 | +€57,510 | +48.7% |
| Cash at bank and in hand | 54/58 | €81,331 | €36,690 | -€44,642 | -54.9% |
| Deferred charges and accrued income | 490/1 | €5,533 | €5,779 | +€247 | +4.5% |
| Total equity and liabilities | 10/49 | €937,540 | €983,712 | +€46,171 | +4.9% |
| Equity | 10/15 | €150,830 | €166,896 | +€16,066 | +10.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €60 | €60 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60 | €60 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60 | €60 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,770 | €136,835 | +€16,066 | +13.3% |
| Amounts payable | 17/49 | €786,710 | €816,816 | +€30,106 | +3.8% |
| Amounts payable after more than one year | 17 | €535,471 | €586,177 | +€50,706 | +9.5% |
| Financial debts | 170/4 | €535,471 | €586,177 | +€50,706 | +9.5% |
| Amounts payable within one year | 42/48 | €249,413 | €228,884 | -€20,529 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €58,898 | €66,504 | +€7,605 | +12.9% |
| Trade debts | 44 | €71,968 | €78,254 | +€6,286 | +8.7% |
| Suppliers | 440/4 | €71,968 | €78,254 | +€6,286 | +8.7% |
| Advances received on contracts in progress | 46 | €13,211 | €0 | -€13,211 | -100.0% |
| Taxes, remuneration and social security | 45 | €65,336 | €74,126 | +€8,790 | +13.5% |
| Taxes | 450/3 | €26,562 | €24,746 | -€1,815 | -6.8% |
| Remuneration and social security | 454/9 | €38,775 | €49,380 | +€10,605 | +27.4% |
| Other amounts payable | 47/48 | €40,000 | €10,000 | -€30,000 | -75.0% |
| Accrued charges and deferred income | 492/3 | €1,826 | €1,755 | -€71 | -3.9% |
| Remuneration, social security and pensions | 62 | €167,124 | €148,700 | -€18,424 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,051 | €52,574 | -€4,477 | -7.8% |
| Other operating charges | 640/8 | €16,647 | €18,249 | +€1,602 | +9.6% |
| Non-recurring operating charges | 66A | - | €8,853 | +€8,853 | |
| Gross operating margin | 9900 | €322,767 | €282,411 | -€40,356 | -12.5% |
| Operating profit (loss) | 9901 | €81,945 | €54,036 | -€27,910 | -34.1% |
| Financial income | 75/76B | €16,705 | €17,624 | +€920 | +5.5% |
| Recurring financial income | 75 | €68 | €15 | -€53 | -77.6% |
| Non-recurring financial income | 76B | €16,636 | €17,609 | +€973 | +5.8% |
| Financial charges | 65/66B | €37,137 | €37,811 | +€674 | +1.8% |
| Recurring financial charges | 65 | €37,137 | €37,811 | +€674 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €61,513 | €33,849 | -€27,664 | -45.0% |
| Income taxes | 67/77 | €6,925 | €7,783 | +€858 | +12.4% |
| Profit (loss) for the period | 9904 | €54,588 | €26,066 | -€28,523 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,588 | €26,066 | -€28,523 | -52.3% |
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 11 October 2026 via checked.be.