HELM Invest: 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.
HELM Invest
Largest movements
- Cash +€11,854
up €11,854 (+15.9%), from €74,399 to €86,253
mainly Depreciation (+€15,564) and Net result for the year (+€9,235)
- Receivables within one year +€10,447
up €10,447 (+10.3%), from €101,517 to €111,964
- Tangible fixed assets -€10,344
down €10,344 (-8.6%), from €120,074 to €109,730
of which Land and buildings: -€6,563
- Reserves +€9,230
up €9,230 (+15.5%), from €59,367 to €68,597
of which Distributable reserves: +€9,230
- Gross operating margin -€15,175
down €15,175 (-34.1%), from €44,472 to €29,296
- Taxes -€4,045
down €4,045 (-37.9%), from €10,678 to €6,633
- Financial income +€3,076
up €3,076 (+86.5%), from €3,557 to €6,633
- Other operating charges +€3,048
up €3,048 (+272%), from €1,119 to €4,166
- Depreciation +€1,072
up €1,072 (+7.4%), from €14,492 to €15,564
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 | €296,092 | €308,038 | +€11,946 | +4.0% |
| Fixed assets | 21/28 | €120,074 | €109,730 | -€10,344 | -8.6% |
| Tangible fixed assets | 22/27 | €120,074 | €109,730 | -€10,344 | -8.6% |
| Land and buildings | 22 | €100,831 | €94,268 | -€6,563 | -6.5% |
| Furniture and vehicles | 24 | €19,243 | €15,462 | -€3,781 | -19.7% |
| Current assets | 29/58 | €176,017 | €198,308 | +€22,290 | +12.7% |
| Amounts receivable within one year | 40/41 | €101,517 | €111,964 | +€10,447 | +10.3% |
| Other amounts receivable | 41 | €101,517 | €111,964 | +€10,447 | +10.3% |
| Cash at bank and in hand | 54/58 | €74,399 | €86,253 | +€11,854 | +15.9% |
| Deferred charges and accrued income | 490/1 | €101 | €91 | -€10 | -10.0% |
| Total equity and liabilities | 10/49 | €296,092 | €308,038 | +€11,946 | +4.0% |
| Equity | 10/15 | €200,323 | €209,485 | +€9,162 | +4.6% |
| Contributions | 10/11 | €74,368 | €74,329 | -€39 | -0.1% |
| Capital | 10 | €74,368 | €74,329 | -€39 | -0.1% |
| Issued capital | 100 | €74,368 | €74,329 | -€39 | -0.1% |
| Reserves | 13 | €59,367 | €68,597 | +€9,230 | +15.5% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €51,930 | €61,160 | +€9,230 | +17.8% |
| Profit (loss) carried forward | 14 | €66,588 | €66,559 | -€29 | 0.0% |
| Amounts payable | 17/49 | €95,769 | €98,552 | +€2,784 | +2.9% |
| Amounts payable within one year | 42/48 | €95,769 | €98,552 | +€2,784 | +2.9% |
| Trade debts | 44 | €85,033 | €85,601 | +€568 | +0.7% |
| Suppliers | 440/4 | €85,033 | €85,601 | +€568 | +0.7% |
| Taxes, remuneration and social security | 45 | €10,736 | €12,952 | +€2,215 | +20.6% |
| Taxes | 450/3 | €10,736 | €12,952 | +€2,215 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,492 | €15,564 | +€1,072 | +7.4% |
| Other operating charges | 640/8 | €1,119 | €4,166 | +€3,048 | +272% |
| Gross operating margin | 9900 | €44,472 | €29,296 | -€15,175 | -34.1% |
| Operating profit (loss) | 9901 | €28,861 | €9,566 | -€19,295 | -66.9% |
| Financial income | 75/76B | €3,557 | €6,633 | +€3,076 | +86.5% |
| Recurring financial income | 75 | €3,557 | €6,633 | +€3,076 | +86.5% |
| Financial charges | 65/66B | €205 | €331 | +€126 | +61.6% |
| Recurring financial charges | 65 | €205 | €331 | +€126 | +61.6% |
| Profit (loss) for the period before taxes | 9903 | €32,214 | €15,868 | -€16,345 | -50.7% |
| Income taxes | 67/77 | €10,678 | €6,633 | -€4,045 | -37.9% |
| Profit (loss) for the period | 9904 | €21,535 | €9,235 | -€12,300 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,535 | €9,235 | -€12,300 | -57.1% |
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 23 October 2026 via checked.be.