HELOVI: 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.
HELOVI
Largest movements
- Cash +€25,604
up €25,604 (+5,542%), from €462 to €26,066
mainly Other debts (+€20,412) and Deferred charges and accrued income (+€10,892)
- Deferred charges and accrued income -€10,892
down €10,892 (-74.5%), from €14,616 to €3,725
- Receivables within one year +€8,127
up €8,127 (+7.3%), from €111,540 to €119,667
of which Other amounts receivable: +€8,018
- Other debts +€20,412
up €20,412 (+1,188%), from €1,718 to €22,130
- Reserves +€6,626
up €6,626 (+1.6%), from €401,859 to €408,486
- Gross operating margin -€24,508
down €24,508 (-45.1%), from €54,288 to €29,780
- Taxes -€5,775
down €5,775 (-64.6%), from €8,937 to €3,161
- Financial income -€805
no longer reported in 2025 (was €805)
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 | €484,188 | €510,290 | +€26,102 | +5.4% |
| Fixed assets | 21/28 | €357,569 | €360,833 | +€3,263 | +0.9% |
| Tangible fixed assets | 22/27 | €357,569 | €360,833 | +€3,263 | +0.9% |
| Land and buildings | 22 | €356,483 | €356,483 | = | 0.0% |
| Furniture and vehicles | 24 | €1,087 | €2,100 | +€1,013 | +93.2% |
| Other tangible fixed assets | 26 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €126,618 | €149,457 | +€22,839 | +18.0% |
| Amounts receivable within one year | 40/41 | €111,540 | €119,667 | +€8,127 | +7.3% |
| Trade receivables | 40 | - | €108 | +€108 | |
| Other amounts receivable | 41 | €111,540 | €119,558 | +€8,018 | +7.2% |
| Cash at bank and in hand | 54/58 | €462 | €26,066 | +€25,604 | +5,542% |
| Deferred charges and accrued income | 490/1 | €14,616 | €3,725 | -€10,892 | -74.5% |
| Total equity and liabilities | 10/49 | €484,188 | €510,290 | +€26,102 | +5.4% |
| Equity | 10/15 | €481,533 | €488,160 | +€6,626 | +1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €401,859 | €408,486 | +€6,626 | +1.6% |
| Distributable reserves | 133 | €401,859 | €408,486 | +€6,626 | +1.6% |
| Profit (loss) carried forward | 14 | €61,082 | €61,082 | = | 0.0% |
| Amounts payable | 17/49 | €2,655 | €22,130 | +€19,476 | +734% |
| Amounts payable within one year | 42/48 | €2,655 | €22,130 | +€19,476 | +734% |
| Taxes, remuneration and social security | 45 | €937 | - | -€937 | |
| Taxes | 450/3 | €937 | - | -€937 | |
| Other amounts payable | 47/48 | €1,718 | €22,130 | +€20,412 | +1,188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €602 | +€265 | +78.7% |
| Other operating charges | 640/8 | €19,224 | €19,324 | +€100 | +0.5% |
| Gross operating margin | 9900 | €54,288 | €29,780 | -€24,508 | -45.1% |
| Operating profit (loss) | 9901 | €34,727 | €9,854 | -€24,872 | -71.6% |
| Financial income | 75/76B | €805 | - | -€805 | |
| Recurring financial income | 75 | €805 | - | -€805 | |
| Financial charges | 65/66B | €24 | €67 | +€43 | +178% |
| Recurring financial charges | 65 | €24 | €67 | +€43 | +178% |
| Profit (loss) for the period before taxes | 9903 | €35,508 | €9,788 | -€25,720 | -72.4% |
| Income taxes | 67/77 | €8,937 | €3,161 | -€5,775 | -64.6% |
| Profit (loss) for the period | 9904 | €26,571 | €6,626 | -€19,945 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,571 | €6,626 | -€19,945 | -75.1% |
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 25 October 2026 via checked.be.