HELO ADVICE: 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.
HELO ADVICE
Largest movements
- Current investments -€39,461
down €39,461 (-93.8%), from €42,061 to €2,600
- Receivables within one year -€35,446
down €35,446 (-34.0%), from €104,363 to €68,917
of which Other amounts receivable: -€35,446
- Tangible fixed assets -€11,871
down €11,871 (-33.5%), from €35,396 to €23,526
- Debts after one year -€139,321
down €139,321 (-95.4%), from €145,988 to €6,668
- Reserves +€70,577
up €70,577 (+49.4%), from €142,871 to €213,448
- Tax, wage and social debts -€9,639
down €9,639 (-36.4%), from €26,511 to €16,873
of which Taxes: -€9,639
- Current portion of long-term debt -€5,015
down €5,015 (-30.7%), from €16,335 to €11,321
- Short-term financial debts -€3,996
down €3,996 (-100.0%), from €3,996 to €0
- Gross operating margin -€6,108
down €6,108 (-8.4%), from €72,476 to €66,368
- Financial income -€5,713
down €5,713 (-12.7%), from €44,846 to €39,133
- Depreciation -€1,446
down €1,446 (-10.5%), from €13,715 to €12,270
- Taxes +€1,411
up €1,411 (+8.2%), from €17,126 to €18,537
- Financial charges -€1,157
down €1,157 (-26.9%), from €4,302 to €3,145
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 | €347,008 | €257,683 | -€89,325 | -25.7% |
| Fixed assets | 21/28 | €195,396 | €183,526 | -€11,871 | -6.1% |
| Tangible fixed assets | 22/27 | €35,396 | €23,526 | -€11,871 | -33.5% |
| Furniture and vehicles | 24 | €35,396 | €23,526 | -€11,871 | -33.5% |
| Financial fixed assets | 28 | €160,000 | €160,000 | = | 0.0% |
| Current assets | 29/58 | €151,612 | €74,157 | -€77,454 | -51.1% |
| Amounts receivable within one year | 40/41 | €104,363 | €68,917 | -€35,446 | -34.0% |
| Trade receivables | 40 | €2,250 | €2,250 | = | 0.0% |
| Other amounts receivable | 41 | €102,113 | €66,667 | -€35,446 | -34.7% |
| Current investments | 50/53 | €42,061 | €2,600 | -€39,461 | -93.8% |
| Cash at bank and in hand | 54/58 | €3,509 | €767 | -€2,742 | -78.1% |
| Deferred charges and accrued income | 490/1 | €1,678 | €1,873 | +€195 | +11.6% |
| Total equity and liabilities | 10/49 | €347,008 | €257,683 | -€89,325 | -25.7% |
| Equity | 10/15 | €148,871 | €219,448 | +€70,577 | +47.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €142,871 | €213,448 | +€70,577 | +49.4% |
| Distributable reserves | 133 | €142,871 | €213,448 | +€70,577 | +49.4% |
| Amounts payable | 17/49 | €198,137 | €38,235 | -€159,902 | -80.7% |
| Amounts payable after more than one year | 17 | €145,988 | €6,668 | -€139,321 | -95.4% |
| Financial debts | 170/4 | €145,988 | €6,668 | -€139,321 | -95.4% |
| Amounts payable within one year | 42/48 | €52,149 | €31,498 | -€20,651 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €16,335 | €11,321 | -€5,015 | -30.7% |
| Financial debts | 43 | €3,996 | €0 | -€3,996 | -100.0% |
| Credit institutions | 430/8 | €3,996 | €0 | -€3,996 | -100.0% |
| Trade debts | 44 | €5,306 | €3,305 | -€2,001 | -37.7% |
| Suppliers | 440/4 | €5,306 | €3,305 | -€2,001 | -37.7% |
| Taxes, remuneration and social security | 45 | €26,511 | €16,873 | -€9,639 | -36.4% |
| Taxes | 450/3 | €26,511 | €16,873 | -€9,639 | -36.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €70 | +€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,715 | €12,270 | -€1,446 | -10.5% |
| Other operating charges | 640/8 | €847 | €973 | +€126 | +14.8% |
| Gross operating margin | 9900 | €72,476 | €66,368 | -€6,108 | -8.4% |
| Operating profit (loss) | 9901 | €57,914 | €53,126 | -€4,788 | -8.3% |
| Financial income | 75/76B | €44,846 | €39,133 | -€5,713 | -12.7% |
| Recurring financial income | 75 | €44,846 | €39,133 | -€5,713 | -12.7% |
| Financial charges | 65/66B | €4,302 | €3,145 | -€1,157 | -26.9% |
| Recurring financial charges | 65 | €4,302 | €3,145 | -€1,157 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €98,457 | €89,114 | -€9,343 | -9.5% |
| Income taxes | 67/77 | €17,126 | €18,537 | +€1,411 | +8.2% |
| Profit (loss) for the period | 9904 | €81,332 | €70,577 | -€10,754 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,332 | €70,577 | -€10,754 | -13.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.