Helmon: 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.
Helmon
Largest movements
- Stocks and contracts -€46,304
down €46,304 (-15.6%), from €296,866 to €250,563
- Receivables within one year -€36,294
down €36,294 (-28.6%), from €126,699 to €90,405
of which Trade receivables: -€33,378
- Cash +€8,155
up €8,155 (+17.3%), from €47,121 to €55,277
mainly Stocks and contracts (+€46,304) and Receivables within one year (+€36,294)
- Profit (loss) carried forward -€40,719
down €40,719 (-29.3%), from €139,045 to €98,325
- Debts after one year -€21,952
down €21,952 (-66.5%), from €33,008 to €11,056
- Gross operating margin -€39,896
down €39,896 (-60.6%), from €65,841 to €25,945
- Staff costs +€7,219
up €7,219 (+18.2%), from €39,569 to €46,788
- Depreciation -€2,546
down €2,546 (-21.8%), from €11,685 to €9,139
- Taxes -€2,448
down €2,448 (-95.0%), from €2,578 to €130
- Other operating charges +€827
up €827 (+34.9%), from €2,372 to €3,199
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 | €724,112 | €659,391 | -€64,721 | -8.9% |
| Fixed assets | 21/28 | €246,598 | €252,513 | +€5,915 | +2.4% |
| Tangible fixed assets | 22/27 | €246,598 | €252,513 | +€5,915 | +2.4% |
| Land and buildings | 22 | €224,368 | €224,368 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,139 | €1,129 | -€1,010 | -47.2% |
| Furniture and vehicles | 24 | €20,091 | €27,016 | +€6,925 | +34.5% |
| Current assets | 29/58 | €477,514 | €406,878 | -€70,636 | -14.8% |
| Stocks and contracts in progress | 3 | €296,866 | €250,563 | -€46,304 | -15.6% |
| Stocks | 30/36 | €296,866 | €250,563 | -€46,304 | -15.6% |
| Amounts receivable within one year | 40/41 | €126,699 | €90,405 | -€36,294 | -28.6% |
| Trade receivables | 40 | €58,028 | €24,650 | -€33,378 | -57.5% |
| Other amounts receivable | 41 | €68,671 | €65,755 | -€2,916 | -4.2% |
| Current investments | 50/53 | €71 | €79 | +€8 | +12.0% |
| Cash at bank and in hand | 54/58 | €47,121 | €55,277 | +€8,155 | +17.3% |
| Deferred charges and accrued income | 490/1 | €6,756 | €10,554 | +€3,798 | +56.2% |
| Total equity and liabilities | 10/49 | €724,112 | €659,391 | -€64,721 | -8.9% |
| Equity | 10/15 | €482,745 | €442,025 | -€40,719 | -8.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €323,700 | €323,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €304,950 | €304,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,045 | €98,325 | -€40,719 | -29.3% |
| Amounts payable | 17/49 | €241,368 | €217,366 | -€24,002 | -9.9% |
| Amounts payable after more than one year | 17 | €33,008 | €11,056 | -€21,952 | -66.5% |
| Financial debts | 170/4 | €33,008 | €11,056 | -€21,952 | -66.5% |
| Amounts payable within one year | 42/48 | €208,359 | €205,340 | -€3,020 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €21,739 | €21,952 | +€213 | +1.0% |
| Trade debts | 44 | €51,452 | €53,214 | +€1,762 | +3.4% |
| Suppliers | 440/4 | €51,452 | €53,214 | +€1,762 | +3.4% |
| Taxes, remuneration and social security | 45 | €13,203 | €10,538 | -€2,665 | -20.2% |
| Taxes | 450/3 | €4,637 | €1,151 | -€3,486 | -75.2% |
| Remuneration and social security | 454/9 | €8,566 | €9,387 | +€821 | +9.6% |
| Other amounts payable | 47/48 | €121,965 | €119,636 | -€2,329 | -1.9% |
| Accrued charges and deferred income | 492/3 | - | €970 | +€970 | |
| Non-recurring operating income | 76A | - | €3,306 | +€3,306 | |
| Remuneration, social security and pensions | 62 | €39,569 | €46,788 | +€7,219 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,685 | €9,139 | -€2,546 | -21.8% |
| Other operating charges | 640/8 | €2,372 | €3,199 | +€827 | +34.9% |
| Gross operating margin | 9900 | €65,841 | €25,945 | -€39,896 | -60.6% |
| Operating profit (loss) | 9901 | €12,215 | -€33,181 | -€45,396 | |
| Financial income | 75/76B | €906 | €229 | -€677 | -74.7% |
| Recurring financial income | 75 | €906 | €229 | -€677 | -74.7% |
| Financial charges | 65/66B | €7,822 | €7,638 | -€184 | -2.4% |
| Recurring financial charges | 65 | €7,822 | €7,638 | -€184 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €5,299 | -€40,590 | -€45,889 | |
| Income taxes | 67/77 | €2,578 | €130 | -€2,448 | -95.0% |
| Profit (loss) for the period | 9904 | €2,721 | -€40,719 | -€43,440 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,721 | -€40,719 | -€43,440 |
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 14 October 2026 via checked.be.