HELMGRAS CONSTRUCT: 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.
HELMGRAS CONSTRUCT
Largest movements
- Stocks and contracts +€73,659
up €73,659 (+26.7%), from €275,452 to €349,111
- Cash +€7,754
up €7,754 (+150.7%), from €5,143 to €12,897
mainly Contributions, distributions and other (+€125,000) and Accrued charges and deferred income (+€5,399)
- Deferred charges and accrued income +€4,109
up €4,109 (+55.6%), from €7,390 to €11,499
- Contributions +€125,000
up €125,000 (+71.4%), from €175,000 to €300,000
- Debts after one year -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Profit (loss) carried forward -€17,609
down €17,609 (-83.1%), from -€21,196 to -€38,805
- Accrued charges and deferred income +€5,399
up €5,399 (+118.1%), from €4,571 to €9,970
- Purchases and services -€107,077
down €107,077 (-54.9%), from €195,044 to €87,967
- Gross operating margin +€343
up €343 (+2.0%), from -€16,998 to -€16,655
- Other operating charges +€278
up €278 (+55.6%), from €499 to €777
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 | €304,315 | €390,068 | +€85,753 | +28.2% |
| Current assets | 29/58 | €304,315 | €390,068 | +€85,753 | +28.2% |
| Stocks and contracts in progress | 3 | €275,452 | €349,111 | +€73,659 | +26.7% |
| Stocks | 30/36 | €275,452 | €349,111 | +€73,659 | +26.7% |
| Amounts receivable within one year | 40/41 | €16,329 | €16,561 | +€232 | +1.4% |
| Trade receivables | 40 | €8,929 | €13,617 | +€4,688 | +52.5% |
| Other amounts receivable | 41 | €7,400 | €2,944 | -€4,457 | -60.2% |
| Cash at bank and in hand | 54/58 | €5,143 | €12,897 | +€7,754 | +150.7% |
| Deferred charges and accrued income | 490/1 | €7,390 | €11,499 | +€4,109 | +55.6% |
| Total equity and liabilities | 10/49 | €304,315 | €390,068 | +€85,753 | +28.2% |
| Equity | 10/15 | €153,804 | €261,195 | +€107,391 | +69.8% |
| Contributions | 10/11 | €175,000 | €300,000 | +€125,000 | +71.4% |
| Capital | 10 | €175,000 | €300,000 | +€125,000 | +71.4% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Uncalled capital | 101 | €125,000 | €0 | -€125,000 | -100.0% |
| Profit (loss) carried forward | 14 | -€21,196 | -€38,805 | -€17,609 | -83.1% |
| Amounts payable | 17/49 | €150,511 | €128,873 | -€21,638 | -14.4% |
| Amounts payable after more than one year | 17 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Financial debts | 170/4 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Amounts payable within one year | 42/48 | €45,940 | €43,902 | -€2,038 | -4.4% |
| Trade debts | 44 | €45,940 | €43,902 | -€2,038 | -4.4% |
| Suppliers | 440/4 | €45,940 | €43,902 | -€2,038 | -4.4% |
| Accrued charges and deferred income | 492/3 | €4,571 | €9,970 | +€5,399 | +118.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €195,044 | €87,967 | -€107,077 | -54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €499 | €777 | +€278 | +55.6% |
| Gross operating margin | 9900 | -€16,998 | -€16,655 | +€343 | +2.0% |
| Operating profit (loss) | 9901 | -€17,498 | -€17,433 | +€65 | +0.4% |
| Financial charges | 65/66B | €172 | €176 | +€4 | +2.4% |
| Recurring financial charges | 65 | €172 | €176 | +€4 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,670 | -€17,609 | +€61 | +0.3% |
| Profit (loss) for the period | 9904 | -€17,670 | -€17,609 | +€61 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,670 | -€17,609 | +€61 | +0.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.