HELPELEC: 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.
HELPELEC
Largest movements
- Receivables within one year +€22,383
up €22,383 (+312%), from €7,167 to €29,550
of which Trade receivables: +€22,275
- Stocks and contracts +€5,000
up €5,000 (+62.5%), from €8,000 to €13,000
- Cash +€4,354
up €4,354 (+40.9%), from €10,654 to €15,009
mainly Net result for the year (+€18,044) and Trade debts (+€6,238)
- Tangible fixed assets -€1,310
down €1,310 (-11.1%), from €11,829 to €10,519
of which Plant, machinery and equipment: -€839
- Deferred charges and accrued income +€766
up €766 (+49.8%), from €1,538 to €2,304
- Reserves +€18,044
up €18,044 (+109%), from €16,597 to €34,642
- Trade debts +€6,238
up €6,238 (+8,543%), from €73 to €6,311
- Other debts +€5,871
up €5,871 (+45.3%), from €12,952 to €18,823
- Tax, wage and social debts +€1,039
up €1,039 (+22.8%), from €4,566 to €5,605
of which Remuneration and social security: +€534
- Gross operating margin +€5,030
up €5,030 (+20.9%), from €24,068 to €29,098
- Staff costs +€1,862
new in 2025: €1,862
- Depreciation +€936
up €936 (+38.7%), from €2,421 to €3,358
- Financial income -€558
down €558 (-100.0%), from €558 to €0
- Taxes +€505
up €505 (+11.1%), from €4,566 to €5,070
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 | €39,188 | €70,381 | +€31,193 | +79.6% |
| Fixed assets | 21/28 | €11,829 | €10,519 | -€1,310 | -11.1% |
| Tangible fixed assets | 22/27 | €11,829 | €10,519 | -€1,310 | -11.1% |
| Plant, machinery and equipment | 23 | €10,784 | €9,945 | -€839 | -7.8% |
| Furniture and vehicles | 24 | €1,045 | €574 | -€471 | -45.1% |
| Current assets | 29/58 | €27,359 | €59,862 | +€32,503 | +119% |
| Stocks and contracts in progress | 3 | €8,000 | €13,000 | +€5,000 | +62.5% |
| Stocks | 30/36 | €8,000 | €13,000 | +€5,000 | +62.5% |
| Amounts receivable within one year | 40/41 | €7,167 | €29,550 | +€22,383 | +312% |
| Trade receivables | 40 | €3,599 | €25,874 | +€22,275 | +619% |
| Other amounts receivable | 41 | €3,567 | €3,676 | +€108 | +3.0% |
| Cash at bank and in hand | 54/58 | €10,654 | €15,009 | +€4,354 | +40.9% |
| Deferred charges and accrued income | 490/1 | €1,538 | €2,304 | +€766 | +49.8% |
| Total equity and liabilities | 10/49 | €39,188 | €70,381 | +€31,193 | +79.6% |
| Equity | 10/15 | €21,597 | €39,642 | +€18,044 | +83.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,597 | €34,642 | +€18,044 | +109% |
| Distributable reserves | 133 | €16,597 | €34,642 | +€18,044 | +109% |
| Amounts payable | 17/49 | €17,591 | €30,739 | +€13,148 | +74.7% |
| Amounts payable within one year | 42/48 | €17,591 | €30,739 | +€13,148 | +74.7% |
| Trade debts | 44 | €73 | €6,311 | +€6,238 | +8,543% |
| Suppliers | 440/4 | €73 | €6,311 | +€6,238 | +8,543% |
| Taxes, remuneration and social security | 45 | €4,566 | €5,605 | +€1,039 | +22.8% |
| Taxes | 450/3 | €4,566 | €5,070 | +€505 | +11.1% |
| Remuneration and social security | 454/9 | - | €534 | +€534 | |
| Other amounts payable | 47/48 | €12,952 | €18,823 | +€5,871 | +45.3% |
| Remuneration, social security and pensions | 62 | - | €1,862 | +€1,862 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,421 | €3,358 | +€936 | +38.7% |
| Other operating charges | 640/8 | €899 | €579 | -€320 | -35.6% |
| Gross operating margin | 9900 | €24,068 | €29,098 | +€5,030 | +20.9% |
| Operating profit (loss) | 9901 | €20,747 | €23,299 | +€2,552 | +12.3% |
| Financial income | 75/76B | €558 | €0 | -€558 | -100.0% |
| Recurring financial income | 75 | €558 | €0 | -€558 | -100.0% |
| Financial charges | 65/66B | €142 | €184 | +€43 | +30.1% |
| Recurring financial charges | 65 | €142 | €184 | +€43 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €21,163 | €23,115 | +€1,952 | +9.2% |
| Income taxes | 67/77 | €4,566 | €5,070 | +€505 | +11.1% |
| Profit (loss) for the period | 9904 | €16,597 | €18,044 | +€1,447 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,597 | €18,044 | +€1,447 | +8.7% |
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.