HELMo Link: 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 Link
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+86.4%), from €1.4m to €2.6m
of which Other amounts receivable: +€1.1m
- Current investments +€300,641
up €300,641 (+246%), from €122,079 to €422,720
- Accrued charges and deferred income +€1.3m
up €1.3m (+139%), from €937,158 to €2.2m
- Debts within one year +€192,664
up €192,664 (+45.8%), from €420,548 to €613,212
- Profit (loss) carried forward -€41,088
down €41,088 (-23.0%), from €178,794 to €137,707
- Gross operating margin -€156,013
down €156,013 (-14.0%), from €1.1m to €961,929
- Turnover +€68,762
up €68,762 (+8.1%), from €847,404 to €916,165
- Purchases and services -€35,365
down €35,365 (-6.0%), from €587,594 to €552,229
- Staff costs +€15,362
up €15,362 (+2.1%), from €748,086 to €763,448
- Write-downs -€15,000
no longer reported in 2025 (was €15,000)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,539,613 | €4,033,611 | +€1.5m | +58.8% |
| Fixed assets | 21/28 | €52,358 | €72,533 | +€20,175 | +38.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €52,242 | €72,417 | +€20,175 | +38.6% |
| Land and buildings | 22 | €6,908 | €6,073 | -€835 | -12.1% |
| Furniture and vehicles | 24 | €45,334 | €66,344 | +€21,010 | +46.3% |
| Financial fixed assets | 28 | €116 | €116 | = | 0.0% |
| Current assets | 29/58 | €2,487,255 | €3,961,077 | +€1.5m | +59.3% |
| Amounts receivable within one year | 40/41 | €1,383,902 | €2,580,034 | +€1.2m | +86.4% |
| Trade receivables | 40 | €226,922 | €308,028 | +€81,105 | +35.7% |
| Other amounts receivable | 41 | €1,156,979 | €2,272,007 | +€1.1m | +96.4% |
| Current investments | 50/53 | €122,079 | €422,720 | +€300,641 | +246% |
| Cash at bank and in hand | 54/58 | €967,834 | €943,161 | -€24,673 | -2.5% |
| Deferred charges and accrued income | 490/1 | €13,440 | €15,162 | +€1,722 | +12.8% |
| Total equity and liabilities | 10/49 | €2,539,613 | €4,033,611 | +€1.5m | +58.8% |
| Equity | 10/15 | €1,181,907 | €1,176,531 | -€5,376 | -0.5% |
| Reserves | 13 | €1,003,112 | €1,038,824 | +€35,712 | +3.6% |
| Profit (loss) carried forward | 14 | €178,794 | €137,707 | -€41,088 | -23.0% |
| Amounts payable | 17/49 | €1,357,706 | €2,857,080 | +€1.5m | +110% |
| Amounts payable within one year | 42/48 | €420,548 | €613,212 | +€192,664 | +45.8% |
| Trade debts | 44 | €128,968 | €150,189 | +€21,221 | +16.5% |
| Suppliers | 440/4 | €128,968 | €150,189 | +€21,221 | +16.5% |
| Taxes, remuneration and social security | 45 | €51,636 | €53,078 | +€1,443 | +2.8% |
| Taxes | 450/3 | €0 | €1,003 | +€1,003 | |
| Remuneration and social security | 454/9 | €51,636 | €52,075 | +€440 | +0.9% |
| Accrued charges and deferred income | 492/3 | €937,158 | €2,243,868 | +€1.3m | +139% |
| Turnover | 70 | €847,404 | €916,165 | +€68,762 | +8.1% |
| Membership fees, donations, legacies and grants | 73 | €720,810 | €526,127 | -€194,684 | -27.0% |
| Non-recurring operating income | 76A | €77,570 | - | -€77,570 | |
| Goods, raw materials, services and sundry goods | 60/61 | €587,594 | €552,229 | -€35,365 | -6.0% |
| Remuneration, social security and pensions | 62 | €748,086 | €763,448 | +€15,362 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,666 | €18,221 | +€3,555 | +24.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,000 | - | -€15,000 | |
| Other operating charges | 640/8 | €23,990 | €18,665 | -€5,325 | -22.2% |
| Gross operating margin | 9900 | €1,117,942 | €961,929 | -€156,013 | -14.0% |
| Operating profit (loss) | 9901 | €316,200 | €161,595 | -€154,606 | -48.9% |
| Financial income | 75/76B | €1,347 | €3,771 | +€2,424 | +180% |
| Recurring financial income | 75 | €1,347 | €3,771 | +€2,424 | +180% |
| Financial charges | 65/66B | €950 | €741 | -€209 | -22.0% |
| Recurring financial charges | 65 | €950 | €741 | -€209 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €316,597 | €164,624 | -€151,972 | -48.0% |
| Profit (loss) for the period | 9904 | €316,597 | €164,624 | -€151,972 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €316,597 | €164,624 | -€151,972 | -48.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.