HELON en DE WOLF: 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.
HELON en DE WOLF
Largest movements
- Tangible fixed assets +€32,276
up €32,276 (+293%), from €11,029 to €43,305
of which Furniture and vehicles: +€32,754
- Cash -€7,069
down €7,069 (-9.4%), from €75,004 to €67,935
mainly Investment in fixed assets (net) (-€43,088) and Contributions, distributions and other (-€6,600)
- Reserves +€21,299
up €21,299 (+58.9%), from €36,179 to €57,477
- Other debts +€6,134
up €6,134 (+22.0%), from €27,908 to €34,042
- Trade debts -€2,828
down €2,828 (-87.4%), from €3,237 to €408
- Gross operating margin +€23,423
up €23,423 (+95.1%), from €24,631 to €48,053
- Depreciation +€6,973
up €6,973 (+182%), from €3,839 to €10,812
- Other operating charges -€4,591
down €4,591 (-87.7%), from €5,234 to €642
- Financial income -€3,892
down €3,892 (-87.8%), from €4,431 to €539
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 | €95,851 | €120,704 | +€24,853 | +25.9% |
| Fixed assets | 21/28 | €11,029 | €43,305 | +€32,276 | +293% |
| Tangible fixed assets | 22/27 | €11,029 | €43,305 | +€32,276 | +293% |
| Land and buildings | 22 | €10,253 | €6,832 | -€3,421 | -33.4% |
| Plant, machinery and equipment | 23 | €126 | €3,069 | +€2,942 | +2,332% |
| Furniture and vehicles | 24 | €650 | €33,404 | +€32,754 | +5,041% |
| Current assets | 29/58 | €84,822 | €77,399 | -€7,423 | -8.8% |
| Amounts receivable within one year | 40/41 | €5,959 | €6,567 | +€607 | +10.2% |
| Trade receivables | 40 | €5,700 | €6,567 | +€867 | +15.2% |
| Other amounts receivable | 41 | €259 | - | -€259 | |
| Cash at bank and in hand | 54/58 | €75,004 | €67,935 | -€7,069 | -9.4% |
| Deferred charges and accrued income | 490/1 | €3,860 | €2,898 | -€962 | -24.9% |
| Total equity and liabilities | 10/49 | €95,851 | €120,704 | +€24,853 | +25.9% |
| Equity | 10/15 | €60,929 | €82,227 | +€21,299 | +35.0% |
| Contributions | 10/11 | €24,750 | €24,750 | = | 0.0% |
| Reserves | 13 | €36,179 | €57,477 | +€21,299 | +58.9% |
| Distributable reserves | 133 | €36,179 | €57,477 | +€21,299 | +58.9% |
| Amounts payable | 17/49 | €34,923 | €38,477 | +€3,554 | +10.2% |
| Amounts payable within one year | 42/48 | €34,857 | €38,477 | +€3,620 | +10.4% |
| Trade debts | 44 | €3,237 | €408 | -€2,828 | -87.4% |
| Suppliers | 440/4 | €3,237 | €408 | -€2,828 | -87.4% |
| Taxes, remuneration and social security | 45 | €3,712 | €4,027 | +€315 | +8.5% |
| Taxes | 450/3 | €3,712 | €4,027 | +€315 | +8.5% |
| Other amounts payable | 47/48 | €27,908 | €34,042 | +€6,134 | +22.0% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,839 | €10,812 | +€6,973 | +182% |
| Other operating charges | 640/8 | €5,234 | €642 | -€4,591 | -87.7% |
| Gross operating margin | 9900 | €24,631 | €48,053 | +€23,423 | +95.1% |
| Operating profit (loss) | 9901 | €15,558 | €36,599 | +€21,041 | +135% |
| Financial income | 75/76B | €4,431 | €539 | -€3,892 | -87.8% |
| Recurring financial income | 75 | €4,431 | €539 | -€3,892 | -87.8% |
| Financial charges | 65/66B | €49 | €51 | +€2 | +4.1% |
| Recurring financial charges | 65 | €49 | €51 | +€2 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €19,940 | €37,087 | +€17,147 | +86.0% |
| Income taxes | 67/77 | €9,069 | €9,188 | +€119 | +1.3% |
| Profit (loss) for the period | 9904 | €10,871 | €27,899 | +€17,028 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €10,871 | €27,899 | +€17,028 | +157% |
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 31 October 2026 via checked.be.