HELMES: 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.
HELMES
Largest movements
- Tangible fixed assets -€4,586
down €4,586 (-13.7%), from €33,560 to €28,974
of which Furniture and vehicles: -€2,900
- Stocks and contracts +€3,669
up €3,669 (+1467.7%), from €250 to €3,919
- Profit (loss) carried forward -€83,097
down €83,097 (-99.6%), from €83,401 to €305
- Reserves +€82,500
new in 2025: €82,500
- Tax, wage and social debts -€1,070
down €1,070 (-19.2%), from €5,572 to €4,502
- Other debts +€1,003
new in 2025: €1,003
- Gross operating margin -€16,200
down €16,200 (-75.9%), from €21,358 to €5,158
- Taxes -€4,008
down €4,008 (-100.0%), from €4,008 to €0
- Depreciation +€303
up €303 (+5.9%), from €5,182 to €5,486
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 | €92,031 | €91,127 | -€904 | -1.0% |
| Fixed assets | 21/28 | €34,060 | €29,474 | -€4,586 | -13.5% |
| Tangible fixed assets | 22/27 | €33,560 | €28,974 | -€4,586 | -13.7% |
| Land and buildings | 22 | €23,312 | €22,022 | -€1,290 | -5.5% |
| Plant, machinery and equipment | 23 | €4,599 | €4,204 | -€395 | -8.6% |
| Furniture and vehicles | 24 | €5,649 | €2,748 | -€2,900 | -51.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €57,971 | €61,653 | +€3,682 | +6.4% |
| Stocks and contracts in progress | 3 | €250 | €3,919 | +€3,669 | +1467.7% |
| Stocks | 30/36 | €250 | €3,919 | +€3,669 | +1467.7% |
| Amounts receivable within one year | 40/41 | €50,815 | €51,384 | +€568 | +1.1% |
| Trade receivables | 40 | €39,461 | €39,185 | -€276 | -0.7% |
| Other amounts receivable | 41 | €11,354 | €12,199 | +€844 | +7.4% |
| Cash at bank and in hand | 54/58 | €6,849 | €6,291 | -€558 | -8.1% |
| Deferred charges and accrued income | 490/1 | €56 | €59 | +€2 | +4.0% |
| Total equity and liabilities | 10/49 | €92,031 | €91,127 | -€904 | -1.0% |
| Equity | 10/15 | €85,901 | €85,305 | -€597 | -0.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €82,500 | +€82,500 | |
| Distributable reserves | 133 | - | €82,500 | +€82,500 | |
| Profit (loss) carried forward | 14 | €83,401 | €305 | -€83,097 | -99.6% |
| Amounts payable | 17/49 | €6,130 | €5,822 | -€308 | -5.0% |
| Amounts payable within one year | 42/48 | €6,130 | €5,822 | -€308 | -5.0% |
| Trade debts | 44 | - | €318 | +€318 | |
| Suppliers | 440/4 | - | €318 | +€318 | |
| Advances received on contracts in progress | 46 | €558 | €0 | -€558 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,572 | €4,502 | -€1,070 | -19.2% |
| Taxes | 450/3 | €5,572 | €4,502 | -€1,070 | -19.2% |
| Other amounts payable | 47/48 | - | €1,003 | +€1,003 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,182 | €5,486 | +€303 | +5.9% |
| Other operating charges | 640/8 | €137 | €88 | -€49 | -35.9% |
| Gross operating margin | 9900 | €21,358 | €5,158 | -€16,200 | -75.9% |
| Operating profit (loss) | 9901 | €16,039 | -€416 | -€16,455 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €154 | €181 | +€27 | +17.2% |
| Recurring financial charges | 65 | €154 | €181 | +€27 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €15,885 | -€597 | -€16,482 | |
| Income taxes | 67/77 | €4,008 | €0 | -€4,008 | -100.0% |
| Profit (loss) for the period | 9904 | €11,877 | -€597 | -€12,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,877 | -€597 | -€12,474 |
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 3 October 2026 via checked.be.