HELMETPLUS: 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.
HELMETPLUS
Largest movements
- Receivables within one year +€136,533
up €136,533 (+116.3%), from €117,416 to €253,949
of which Trade receivables: +€114,989
- Tangible fixed assets +€99,426
up €99,426 (+54.9%), from €181,076 to €280,502
of which Other tangible fixed assets: +€111,331
- Cash +€28,023
up €28,023 (+987.4%), from €2,838 to €30,861
mainly Debts after one year (+€1.3m) and Trade debts (+€242,805)
- Debts after one year +€1.3m
up €1.3m, from €0 to €1.3m
- Other debts -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Trade debts +€242,805
up €242,805 (+266.6%), from €91,064 to €333,869
- Profit (loss) carried forward -€220,332
down €220,332 (-27.6%), from -€798,204 to -€1.0m
- Current portion of long-term debt -€50,893
down €50,893 (-100.0%), from €50,893 to €0
- Financial charges +€31,547
up €31,547 (+289.4%), from €10,900 to €42,447
- Depreciation +€16,148
up €16,148 (+95.1%), from €16,980 to €33,128
- Gross operating margin +€7,622
up €7,622 (+5.0%), from -€151,035 to -€143,412
- Other operating charges -€7,122
down €7,122 (-70.1%), from €10,159 to €3,037
- Financial income -€2,529
down €2,529 (-49.8%), from €5,075 to €2,545
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 | €720,481 | €985,836 | +€265,355 | +36.8% |
| Fixed assets | 21/28 | €182,388 | €287,561 | +€105,173 | +57.7% |
| Intangible fixed assets | 21 | €1,313 | €7,059 | +€5,747 | +437.8% |
| Tangible fixed assets | 22/27 | €181,076 | €280,502 | +€99,426 | +54.9% |
| Plant, machinery and equipment | 23 | €5,777 | €4,408 | -€1,370 | -23.7% |
| Furniture and vehicles | 24 | €91,355 | €80,820 | -€10,535 | -11.5% |
| Other tangible fixed assets | 26 | €83,944 | €195,274 | +€111,331 | +132.6% |
| Current assets | 29/58 | €538,093 | €698,275 | +€160,182 | +29.8% |
| Stocks and contracts in progress | 3 | €415,681 | €410,303 | -€5,378 | -1.3% |
| Stocks | 30/36 | €415,681 | €410,303 | -€5,378 | -1.3% |
| Amounts receivable within one year | 40/41 | €117,416 | €253,949 | +€136,533 | +116.3% |
| Trade receivables | 40 | €103,075 | €218,064 | +€114,989 | +111.6% |
| Other amounts receivable | 41 | €14,340 | €35,885 | +€21,545 | +150.2% |
| Cash at bank and in hand | 54/58 | €2,838 | €30,861 | +€28,023 | +987.4% |
| Deferred charges and accrued income | 490/1 | €2,158 | €3,162 | +€1,004 | +46.5% |
| Total equity and liabilities | 10/49 | €720,481 | €985,836 | +€265,355 | +36.8% |
| Equity | 10/15 | -€588,204 | -€808,535 | -€220,332 | -37.5% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€798,204 | -€1,018,535 | -€220,332 | -27.6% |
| Amounts payable | 17/49 | €1,308,685 | €1,794,371 | +€485,687 | +37.1% |
| Amounts payable after more than one year | 17 | €0 | €1,281,808 | +€1.3m | |
| Financial debts | 170/4 | €0 | €1,281,808 | +€1.3m | |
| Amounts payable within one year | 42/48 | €1,308,685 | €512,563 | -€796,121 | -60.8% |
| Current portion of amounts payable after more than one year | 42 | €50,893 | €0 | -€50,893 | -100.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €91,064 | €333,869 | +€242,805 | +266.6% |
| Suppliers | 440/4 | €91,064 | €333,869 | +€242,805 | +266.6% |
| Taxes, remuneration and social security | 45 | €23,205 | €53,694 | +€30,489 | +131.4% |
| Taxes | 450/3 | €23,205 | €47,661 | +€24,456 | +105.4% |
| Remuneration and social security | 454/9 | - | €6,033 | +€6,033 | |
| Other amounts payable | 47/48 | €1,018,523 | €0 | -€1.0m | -100.0% |
| Remuneration, social security and pensions | 62 | - | €1,487 | +€1,487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,980 | €33,128 | +€16,148 | +95.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€650 | -€650 | |
| Other operating charges | 640/8 | €10,159 | €3,037 | -€7,122 | -70.1% |
| Gross operating margin | 9900 | -€151,035 | -€143,412 | +€7,622 | +5.0% |
| Operating profit (loss) | 9901 | -€178,174 | -€180,413 | -€2,240 | -1.3% |
| Financial income | 75/76B | €5,075 | €2,545 | -€2,529 | -49.8% |
| Recurring financial income | 75 | €5,075 | €2,545 | -€2,529 | -49.8% |
| Financial charges | 65/66B | €10,900 | €42,447 | +€31,547 | +289.4% |
| Recurring financial charges | 65 | €10,900 | €42,447 | +€31,547 | +289.4% |
| Profit (loss) for the period before taxes | 9903 | -€183,999 | -€220,315 | -€36,316 | -19.7% |
| Income taxes | 67/77 | €182 | €16 | -€165 | -91.0% |
| Profit (loss) for the period | 9904 | -€184,181 | -€220,332 | -€36,151 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€184,181 | -€220,332 | -€36,151 | -19.6% |
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 8 October 2026 via checked.be.