HELLIX: 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.
HELLIX
Largest movements
- Cash +€103,533
up €103,533 (+20.5%), from €504,144 to €607,678
mainly Depreciation (+€118,372) and Receivables within one year (+€97,405)
- Receivables within one year -€97,405
down €97,405 (-38.4%), from €253,352 to €155,948
of which Other amounts receivable: -€100,995
- Tangible fixed assets -€82,387
down €82,387 (-25.4%), from €323,820 to €241,433
of which Plant, machinery and equipment: -€83,836
- Deferred charges and accrued income +€13,208
up €13,208 (+89.8%), from €14,713 to €27,921
- Debts after one year -€92,822
down €92,822 (-51.0%), from €181,902 to €89,080
- Tax, wage and social debts -€47,015
down €47,015 (-37.5%), from €125,324 to €78,309
of which Remuneration and social security: -€44,673
- Trade debts +€36,562
up €36,562 (+11.3%), from €323,192 to €359,754
- Reserves +€31,030
up €31,030 (+17.7%), from €175,071 to €206,101
- Gross operating margin -€132,169
down €132,169 (-10.9%), from €1.2m to €1.1m
- Staff costs -€103,026
down €103,026 (-10.4%), from €986,084 to €883,058
- Depreciation -€40,667
down €40,667 (-25.6%), from €159,039 to €118,372
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 | €1,121,521 | €1,052,198 | -€69,323 | -6.2% |
| Fixed assets | 21/28 | €324,415 | €242,028 | -€82,387 | -25.4% |
| Tangible fixed assets | 22/27 | €323,820 | €241,433 | -€82,387 | -25.4% |
| Plant, machinery and equipment | 23 | €323,820 | €239,984 | -€83,836 | -25.9% |
| Furniture and vehicles | 24 | - | €1,449 | +€1,449 | |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €797,106 | €810,170 | +€13,064 | +1.6% |
| Stocks and contracts in progress | 3 | €24,896 | €18,624 | -€6,273 | -25.2% |
| Stocks | 30/36 | €24,896 | €18,624 | -€6,273 | -25.2% |
| Amounts receivable within one year | 40/41 | €253,352 | €155,948 | -€97,405 | -38.4% |
| Trade receivables | 40 | €16,509 | €20,099 | +€3,590 | +21.7% |
| Other amounts receivable | 41 | €236,844 | €135,849 | -€100,995 | -42.6% |
| Cash at bank and in hand | 54/58 | €504,144 | €607,678 | +€103,533 | +20.5% |
| Deferred charges and accrued income | 490/1 | €14,713 | €27,921 | +€13,208 | +89.8% |
| Total equity and liabilities | 10/49 | €1,121,521 | €1,052,198 | -€69,323 | -6.2% |
| Equity | 10/15 | €400,071 | €431,101 | +€31,030 | +7.8% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €175,071 | €206,101 | +€31,030 | +17.7% |
| Distributable reserves | 133 | €175,071 | €206,101 | +€31,030 | +17.7% |
| Amounts payable | 17/49 | €721,451 | €621,097 | -€100,353 | -13.9% |
| Amounts payable after more than one year | 17 | €181,902 | €89,080 | -€92,822 | -51.0% |
| Financial debts | 170/4 | €181,902 | €89,080 | -€92,822 | -51.0% |
| Amounts payable within one year | 42/48 | €538,831 | €531,521 | -€7,310 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €90,126 | €92,822 | +€2,696 | +3.0% |
| Financial debts | 43 | - | €461 | +€461 | |
| Credit institutions | 430/8 | - | €461 | +€461 | |
| Trade debts | 44 | €323,192 | €359,754 | +€36,562 | +11.3% |
| Suppliers | 440/4 | €323,192 | €359,754 | +€36,562 | +11.3% |
| Taxes, remuneration and social security | 45 | €125,324 | €78,309 | -€47,015 | -37.5% |
| Taxes | 450/3 | €2,342 | - | -€2,342 | |
| Remuneration and social security | 454/9 | €122,982 | €78,309 | -€44,673 | -36.3% |
| Other amounts payable | 47/48 | €190 | €176 | -€14 | -7.3% |
| Accrued charges and deferred income | 492/3 | €717 | €496 | -€221 | -30.8% |
| Remuneration, social security and pensions | 62 | €986,084 | €883,058 | -€103,026 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,039 | €118,372 | -€40,667 | -25.6% |
| Other operating charges | 640/8 | €12,856 | €14,884 | +€2,028 | +15.8% |
| Gross operating margin | 9900 | €1,209,070 | €1,076,901 | -€132,169 | -10.9% |
| Operating profit (loss) | 9901 | €51,091 | €60,587 | +€9,496 | +18.6% |
| Financial income | 75/76B | €589 | €0 | -€589 | -99.9% |
| Recurring financial income | 75 | €589 | €0 | -€589 | -99.9% |
| Financial charges | 65/66B | €20,351 | €17,922 | -€2,428 | -11.9% |
| Recurring financial charges | 65 | €20,351 | €17,922 | -€2,428 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €31,330 | €42,664 | +€11,335 | +36.2% |
| Income taxes | 67/77 | - | €11,634 | +€11,634 | |
| Profit (loss) for the period | 9904 | €31,330 | €31,030 | -€300 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,330 | €31,030 | -€300 | -1.0% |
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 6 October 2026 via checked.be.