HELORY: what changed
Two fiscal 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.
HELORY
Largest movements
- Cash +€24,262
up €24,262 (+20.4%), from €118,877 to €143,139
mainly Debts after one year (+€88,147) and Net result for the year (+€64,947)
- Intangible fixed assets -€3,000
down €3,000 (-15.4%), from €19,489 to €16,489
- Receivables within one year -€2,888
down €2,888 (-86.1%), from €3,353 to €465
of which Other amounts receivable: -€2,597
- Tangible fixed assets -€2,205
down €2,205 (-5.2%), from €42,693 to €40,488
- Debts after one year +€88,147
up €88,147 (+228.1%), from €38,643 to €126,790
of which Other amounts payable: +€90,303
- Other debts -€61,824
down €61,824 (-52.8%), from €117,074 to €55,250
- Tax, wage and social debts -€10,231
down €10,231 (-47.4%), from €21,572 to €11,341
- Gross operating margin +€22,895
up €22,895 (+35.4%), from €64,618 to €87,513
- Taxes +€4,834
up €4,834 (+38.1%), from €12,702 to €17,536
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 | €184,455 | €202,422 | +€17,967 | +9.7% |
| Fixed assets | 21/28 | €62,182 | €56,977 | -€5,205 | -8.4% |
| Intangible fixed assets | 21 | €19,489 | €16,489 | -€3,000 | -15.4% |
| Tangible fixed assets | 22/27 | €42,693 | €40,488 | -€2,205 | -5.2% |
| Land and buildings | 22 | €42,693 | €40,488 | -€2,205 | -5.2% |
| Current assets | 29/58 | €122,273 | €145,445 | +€23,172 | +19.0% |
| Amounts receivable within one year | 40/41 | €3,353 | €465 | -€2,888 | -86.1% |
| Trade receivables | 40 | €757 | €465 | -€292 | -38.6% |
| Other amounts receivable | 41 | €2,597 | - | -€2,597 | |
| Cash at bank and in hand | 54/58 | €118,877 | €143,139 | +€24,262 | +20.4% |
| Deferred charges and accrued income | 490/1 | €43 | €1,841 | +€1,799 | +4217.4% |
| Total equity and liabilities | 10/49 | €184,455 | €202,422 | +€17,967 | +9.7% |
| Equity | 10/15 | €4,709 | €4,656 | -€53 | -1.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,709 | €1,656 | -€53 | -3.1% |
| Amounts payable | 17/49 | €179,746 | €197,766 | +€18,020 | +10.0% |
| Amounts payable after more than one year | 17 | €38,643 | €126,790 | +€88,147 | +228.1% |
| Financial debts | 170/4 | €38,643 | €36,487 | -€2,156 | -5.6% |
| Other amounts payable | 178/9 | - | €90,303 | +€90,303 | |
| Amounts payable within one year | 42/48 | €141,102 | €70,975 | -€70,127 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €2,128 | €2,156 | +€29 | +1.3% |
| Trade debts | 44 | €329 | €2,228 | +€1,899 | +578.2% |
| Suppliers | 440/4 | €329 | €2,228 | +€1,899 | +578.2% |
| Taxes, remuneration and social security | 45 | €21,572 | €11,341 | -€10,231 | -47.4% |
| Taxes | 450/3 | €21,572 | €11,341 | -€10,231 | -47.4% |
| Other amounts payable | 47/48 | €117,074 | €55,250 | -€61,824 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,205 | €5,205 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €64,618 | €87,513 | +€22,895 | +35.4% |
| Operating profit (loss) | 9901 | €59,025 | €81,908 | +€22,883 | +38.8% |
| Financial income | 75/76B | €1,196 | €1,380 | +€184 | +15.3% |
| Recurring financial income | 75 | €1,196 | €1,380 | +€184 | +15.3% |
| Financial charges | 65/66B | €751 | €804 | +€53 | +7.0% |
| Recurring financial charges | 65 | €751 | €804 | +€53 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €59,470 | €82,484 | +€23,013 | +38.7% |
| Income taxes | 67/77 | €12,702 | €17,536 | +€4,834 | +38.1% |
| Profit (loss) for the period | 9904 | €46,768 | €64,947 | +€18,179 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,768 | €64,947 | +€18,179 | +38.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.