Helmo 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.
Helmo Holding
Largest movements
- Receivables within one year +€997,206
up €997,206 (+61.5%), from €1.6m to €2.6m
of which Other amounts receivable: +€1.0m
- Other debts +€956,160
up €956,160 (+34.3%), from €2.8m to €3.7m
- Accrued charges and deferred income +€246,766
up €246,766 (+221%), from €111,594 to €358,360
- Financial charges +€156,146
up €156,146 (+164%), from €95,142 to €251,288
- Financial income +€23,613
up €23,613 (+54.9%), from €43,039 to €66,652
- Gross operating margin +€18,676
up €18,676 (+310%), from €6,023 to €24,699
- Other operating charges +€792
up €792 (+26.8%), from €2,952 to €3,744
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,429,154 | €19,458,020 | +€1.0m | +5.6% |
| Fixed assets | 21/28 | €15,820,357 | €15,817,707 | -€2,650 | 0.0% |
| Tangible fixed assets | 22/27 | €5,276 | €2,626 | -€2,650 | -50.2% |
| Furniture and vehicles | 24 | €5,276 | €2,626 | -€2,650 | -50.2% |
| Financial fixed assets | 28 | €15,815,081 | €15,815,081 | = | 0.0% |
| Current assets | 29/58 | €2,608,797 | €3,640,312 | +€1.0m | +39.5% |
| Amounts receivable within one year | 40/41 | €1,620,575 | €2,617,781 | +€997,206 | +61.5% |
| Trade receivables | 40 | €106,085 | €102,710 | -€3,376 | -3.2% |
| Other amounts receivable | 41 | €1,514,489 | €2,515,071 | +€1.0m | +66.1% |
| Current investments | 50/53 | €961,853 | €961,853 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,591 | €9,733 | -€2,859 | -22.7% |
| Deferred charges and accrued income | 490/1 | €13,777 | €50,946 | +€37,168 | +270% |
| Total equity and liabilities | 10/49 | €18,429,154 | €19,458,020 | +€1.0m | +5.6% |
| Equity | 10/15 | €15,496,050 | €15,329,560 | -€166,490 | -1.1% |
| Contributions | 10/11 | €14,714,797 | €14,714,797 | = | 0.0% |
| Reserves | 13 | €961,853 | €961,853 | = | 0.0% |
| Non-distributable reserves | 130/1 | €961,853 | €961,853 | = | 0.0% |
| Own shares acquired | 1312 | €961,853 | €961,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,600 | -€347,090 | -€166,490 | -92.2% |
| Amounts payable | 17/49 | €2,933,104 | €4,128,460 | +€1.2m | +40.8% |
| Amounts payable within one year | 42/48 | €2,821,510 | €3,770,100 | +€948,590 | +33.6% |
| Trade debts | 44 | €13,583 | €5,528 | -€8,055 | -59.3% |
| Suppliers | 440/4 | €13,583 | €5,528 | -€8,055 | -59.3% |
| Taxes, remuneration and social security | 45 | €18,688 | €19,174 | +€485 | +2.6% |
| Taxes | 450/3 | €18,688 | €19,174 | +€485 | +2.6% |
| Other amounts payable | 47/48 | €2,789,239 | €3,745,398 | +€956,160 | +34.3% |
| Accrued charges and deferred income | 492/3 | €111,594 | €358,360 | +€246,766 | +221% |
| Non-recurring operating income | 76A | - | €8,902 | +€8,902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,650 | €2,650 | = | 0.0% |
| Other operating charges | 640/8 | €2,952 | €3,744 | +€792 | +26.8% |
| Gross operating margin | 9900 | €6,023 | €24,699 | +€18,676 | +310% |
| Operating profit (loss) | 9901 | €421 | €18,304 | +€17,883 | +4,248% |
| Financial income | 75/76B | €43,039 | €66,652 | +€23,613 | +54.9% |
| Recurring financial income | 75 | €43,039 | €66,652 | +€23,613 | +54.9% |
| Financial charges | 65/66B | €95,142 | €251,288 | +€156,146 | +164% |
| Recurring financial charges | 65 | €95,142 | €251,288 | +€156,146 | +164% |
| Profit (loss) for the period before taxes | 9903 | -€51,683 | -€166,332 | -€114,649 | -222% |
| Income taxes | 67/77 | €25 | €158 | +€134 | +544% |
| Profit (loss) for the period | 9904 | -€51,707 | -€166,490 | -€114,783 | -222% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,707 | -€166,490 | -€114,783 | -222% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.