HELLEVE: 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.
What changed
HELLEVE
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€362,807
2024 · €1.1m-€738,574
Equity
€4.3m
2024 · €3.9m+€362,807
Cash
€50,373
2024 · €71,967-€21,594
Balance sheet total
€6.2m
2024 · €5.8m+€473,692
Largest movements
Assets
- Receivables within one year +€424,258
up €424,258 (+16.8%), from €2.5m to €2.9m
of which Trade receivables: +€370,970
- Deferred charges and accrued income +€76,351
up €76,351 (+297%), from €25,692 to €102,042
Equity and liabilities
- Reserves +€362,807
up €362,807 (+11.4%), from €3.2m to €3.5m
of which Distributable reserves: +€278,607
- Other debts +€155,390
up €155,390 (+40.4%), from €384,865 to €540,256
- Debts after one year -€100,000
down €100,000 (-7.4%), from €1.4m to €1.3m
of which Financial debts: -€100,000
- Accrued charges and deferred income +€62,402
up €62,402 (+154%), from €40,444 to €102,846
Income statement
- Turnover -€1.1m
down €1.1m (-66.9%), from €1.6m to €538,022
- Taxes -€242,770
down €242,770 (-66.9%), from €362,769 to €120,000
- Staff costs -€61,112
down €61,112 (-55.2%), from €110,786 to €49,674
- Financial income +€35,129
up €35,129 (+52.9%), from €66,360 to €101,490
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.
Result 2024
€1.1m
Turnover
-€1.1m
Other operating income
+€8,115
Goods and materials
+€12,123
Services and other goods
+€3,371
Staff costs
+€61,112
Other operating charges
-€1,057
Financial income
+€35,129
Financial charges
-€14,090
Taxes
+€242,770
Result 2025
€362,807
raises the resultlowers the result
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.
From operations
+€78,406
Investment
€0
Financing
-€100,000
Cash 2024
€71,967
From operations (derived)
+€78,406
Net result for the year
+€362,807
Depreciation
+€5,323
Receivables within one year
-€424,258
Deferred charges and accrued income
-€76,351
Trade debts
-€5,197
Tax, wage and social debts
-€1,710
Other debts
+€155,390
Accrued charges and deferred income
+€62,402
Financing
-€100,000
Debts after one year
-€100,000
Cash 2025
€50,373
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,766,368 | €6,240,060 | +€473,692 | +8.2% |
| Fixed assets | 21/28 | €3,143,194 | €3,137,871 | -€5,323 | -0.2% |
| Tangible fixed assets | 22/27 | €15,689 | €10,366 | -€5,323 | -33.9% |
| Other tangible fixed assets | 26 | €15,689 | €10,366 | -€5,323 | -33.9% |
| Financial fixed assets | 28 | €3,127,505 | €3,127,505 | = | 0.0% |
| Affiliated companies | 280/1 | €3,127,505 | €3,127,505 | = | 0.0% |
| Participating interests | 280 | €3,127,505 | €3,127,505 | = | 0.0% |
| Current assets | 29/58 | €2,623,174 | €3,102,189 | +€479,015 | +18.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | - | = | |
| Goods purchased for resale | 34 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,525,516 | €2,949,774 | +€424,258 | +16.8% |
| Trade receivables | 40 | €15,000 | €385,970 | +€370,970 | +2,473% |
| Other amounts receivable | 41 | €2,510,516 | €2,563,804 | +€53,288 | +2.1% |
| Cash at bank and in hand | 54/58 | €71,967 | €50,373 | -€21,594 | -30.0% |
| Deferred charges and accrued income | 490/1 | €25,692 | €102,042 | +€76,351 | +297% |
| Total equity and liabilities | 10/49 | €5,766,368 | €6,240,060 | +€473,692 | +8.2% |
| Equity | 10/15 | €3,911,529 | €4,274,336 | +€362,807 | +9.3% |
| Contributions | 10/11 | €739,761 | €739,761 | = | 0.0% |
| Reserves | 13 | €3,171,769 | €3,534,575 | +€362,807 | +11.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €463,100 | €547,300 | +€84,200 | +18.2% |
| Distributable reserves | 133 | €2,708,669 | €2,987,275 | +€278,607 | +10.3% |
| Amounts payable | 17/49 | €1,854,839 | €1,965,725 | +€110,885 | +6.0% |
| Amounts payable after more than one year | 17 | €1,350,000 | €1,250,000 | -€100,000 | -7.4% |
| Financial debts | 170/4 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Other loans | 174 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Other amounts payable | 178/9 | €750,000 | €750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €464,395 | €612,878 | +€148,483 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €13,570 | €8,373 | -€5,197 | -38.3% |
| Suppliers | 440/4 | €13,570 | €8,373 | -€5,197 | -38.3% |
| Taxes, remuneration and social security | 45 | €15,960 | €14,250 | -€1,710 | -10.7% |
| Taxes | 450/3 | €0 | €13,000 | +€13,000 | |
| Remuneration and social security | 454/9 | €15,960 | €1,250 | -€14,710 | -92.2% |
| Other amounts payable | 47/48 | €384,865 | €540,256 | +€155,390 | +40.4% |
| Accrued charges and deferred income | 492/3 | €40,444 | €102,846 | +€62,402 | +154% |
| Operating income | 70/76A | €1,625,856 | €547,924 | -€1.1m | -66.3% |
| Turnover | 70 | €1,624,069 | €538,022 | -€1.1m | -66.9% |
| Other operating income | 74 | €1,787 | €9,902 | +€8,115 | +454% |
| Operating charges | 60/66A | €170,947 | €95,397 | -€75,549 | -44.2% |
| Goods for resale, raw materials and consumables | 60 | €18,015 | €5,891 | -€12,123 | -67.3% |
| Purchases | 600/8 | €16,497 | €5,891 | -€10,606 | -64.3% |
| Change in stocks: decrease (increase) | 609 | €1,518 | €0 | -€1,518 | -100% |
| Services and other goods | 61 | €36,583 | €33,211 | -€3,371 | -9.2% |
| Remuneration, social security and pensions | 62 | €110,786 | €49,674 | -€61,112 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,323 | €5,323 | = | 0.0% |
| Other operating charges | 640/8 | €241 | €1,298 | +€1,057 | +440% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,454,909 | €452,527 | -€1.0m | -68.9% |
| Financial income | 75/76B | €66,360 | €101,490 | +€35,129 | +52.9% |
| Recurring financial income | 75 | €66,360 | €101,490 | +€35,129 | +52.9% |
| Income from current assets | 751 | €66,360 | €101,490 | +€35,130 | +52.9% |
| Other financial income | 752/9 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €57,120 | €71,210 | +€14,090 | +24.7% |
| Recurring financial charges | 65 | €57,120 | €71,210 | +€14,090 | +24.7% |
| Debt charges | 650 | €56,658 | €71,186 | +€14,528 | +25.6% |
| Other financial charges | 652/9 | €462 | €24 | -€438 | -94.8% |
| Profit (loss) for the period before taxes | 9903 | €1,464,149 | €482,806 | -€981,343 | -67.0% |
| Income taxes | 67/77 | €362,769 | €120,000 | -€242,770 | -66.9% |
| Taxes | 670/3 | €362,769 | €120,000 | -€242,770 | -66.9% |
| Profit (loss) for the period | 9904 | €1,101,380 | €362,807 | -€738,574 | -67.1% |
| Transfer to tax-exempt reserves | 689 | €463,100 | €84,200 | -€378,900 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €638,280 | €278,607 | -€359,674 | -56.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.