Helmgras Holding: 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.
What changed
Helmgras Holding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€599,932
2024 · -€359,998-€239,935
Equity
€1.3m
2024 · -€14,171+€1.4m
Cash
€358,152
2024 · €433,241-€75,089
Balance sheet total
€11.8m
2024 · €11.6m+€154,938
Largest movements
Assets
- Financial fixed assets +€132,500
up €132,500 (+1.2%), from €11.1m to €11.3m
Equity and liabilities
- Contributions +€2.0m
up €2.0m (+557%), from €350,000 to €2.3m
- Debts after one year -€1.6m
down €1.6m (-13.6%), from €11.4m to €9.9m
- Profit (loss) carried forward -€599,932
down €599,932 (-165%), from -€364,171 to -€964,104
- Accrued charges and deferred income +€351,595
up €351,595 (+163%), from €215,128 to €566,723
Income statement
- Financial charges +€272,034
up €272,034 (+66.5%), from €409,104 to €681,137
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.
Result 2024
-€359,998
Other operating charges
-€1,733
Other operating items
-€5,909
Financial income
+€39,741
Financial charges
-€272,034
Result 2025
-€599,932
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€342,589
Investment
-€132,500
Financing
+€400,000
Cash 2024
€433,241
From operations (derived)
-€342,589
Net result for the year
-€599,932
Smaller working-capital items
+€3,473
Deferred charges and accrued income
-€97,725
Accrued charges and deferred income
+€351,595
Investment (derived)
-€132,500
Investment in fixed assets (net)
-€132,500
Financing
+€400,000
Debts after one year
-€1.6m
Contributions, distributions and other
+€2.0m
Cash 2025
€358,152
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,611,277 | €11,766,215 | +€154,938 | +1.3% |
| Fixed assets | 21/28 | €11,119,855 | €11,252,355 | +€132,500 | +1.2% |
| Financial fixed assets | 28 | €11,119,855 | €11,252,355 | +€132,500 | +1.2% |
| Affiliated companies | 280/1 | €11,119,855 | €11,252,355 | +€132,500 | +1.2% |
| Participating interests | 280 | €9,920,855 | €10,245,855 | +€325,000 | +3.3% |
| Amounts receivable | 281 | €1,199,000 | €1,006,500 | -€192,500 | -16.1% |
| Current assets | 29/58 | €491,422 | €513,860 | +€22,438 | +4.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €197 | €0 | -€197 | -100% |
| Trade receivables | 40 | €197 | €0 | -€197 | -100% |
| Cash at bank and in hand | 54/58 | €433,241 | €358,152 | -€75,089 | -17.3% |
| Deferred charges and accrued income | 490/1 | €57,984 | €155,709 | +€97,725 | +169% |
| Total equity and liabilities | 10/49 | €11,611,277 | €11,766,215 | +€154,938 | +1.3% |
| Equity | 10/15 | -€14,171 | €1,335,896 | +€1.4m | |
| Contributions | 10/11 | €350,000 | €2,300,000 | +€2.0m | +557% |
| Capital | 10 | €350,000 | €2,300,000 | +€2.0m | +557% |
| Issued capital | 100 | €350,000 | €2,300,000 | +€2.0m | +557% |
| Uncalled capital | 101 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€364,171 | -€964,104 | -€599,932 | -165% |
| Amounts payable | 17/49 | €11,625,449 | €10,430,319 | -€1.2m | -10.3% |
| Amounts payable after more than one year | 17 | €11,402,500 | €9,852,500 | -€1.6m | -13.6% |
| Financial debts | 170/4 | €11,402,500 | €9,852,500 | -€1.6m | -13.6% |
| Credit institutions | 173 | €7,140,000 | €7,140,000 | = | 0.0% |
| Other loans | 174 | €4,262,500 | €2,712,500 | -€1.6m | -36.4% |
| Amounts payable within one year | 42/48 | €7,820 | €11,096 | +€3,275 | +41.9% |
| Trade debts | 44 | €7,820 | €11,096 | +€3,275 | +41.9% |
| Suppliers | 440/4 | €7,820 | €11,096 | +€3,275 | +41.9% |
| Accrued charges and deferred income | 492/3 | €215,128 | €566,723 | +€351,595 | +163% |
| Operating charges | 60/66A | €8,878 | €16,520 | +€7,642 | +86.1% |
| Services and other goods | 61 | €6,903 | €12,813 | +€5,909 | +85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,974 | €3,707 | +€1,733 | +87.7% |
| Operating profit (loss) | 9901 | -€8,878 | -€16,520 | -€7,642 | -86.1% |
| Financial income | 75/76B | €57,984 | €97,725 | +€39,741 | +68.5% |
| Recurring financial income | 75 | €57,984 | €97,725 | +€39,741 | +68.5% |
| Income from financial fixed assets | 750 | €57,984 | €97,725 | +€39,741 | +68.5% |
| Financial charges | 65/66B | €409,104 | €681,137 | +€272,034 | +66.5% |
| Recurring financial charges | 65 | €409,104 | €681,137 | +€272,034 | +66.5% |
| Debt charges | 650 | €408,705 | €680,316 | +€271,611 | +66.5% |
| Other financial charges | 652/9 | €399 | €821 | +€422 | +106% |
| Profit (loss) for the period before taxes | 9903 | -€359,998 | -€599,932 | -€239,935 | -66.6% |
| Profit (loss) for the period | 9904 | -€359,998 | -€599,932 | -€239,935 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€359,998 | -€599,932 | -€239,935 | -66.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.