HELPELEK: 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.
HELPELEK
Largest movements
- Stocks and contracts +€46,129
up €46,129 (+34.1%), from €135,444 to €181,573
- Receivables within one year -€41,641
down €41,641 (-28.9%), from €144,268 to €102,627
of which Trade receivables: -€36,176
- Tangible fixed assets -€15,932
down €15,932 (-18.2%), from €87,519 to €71,587
of which Furniture and vehicles: -€17,949
- Cash -€9,707
down €9,707 (-7.6%), from €126,895 to €117,188
mainly Stocks and contracts (-€46,129) and Trade debts (-€31,481)
- Deferred charges and accrued income -€5,186
down €5,186 (-100%), from €5,186 to €0
- Trade debts -€31,481
down €31,481 (-53.6%), from €58,709 to €27,228
- Debts after one year -€29,671
down €29,671 (-28.5%), from €104,172 to €74,501
- Profit (loss) carried forward +€25,531
up €25,531 (+24.2%), from €105,412 to €130,943
- Advances received +€22,427
up €22,427 (+111%), from €20,193 to €42,620
- Current portion of long-term debt -€6,616
down €6,616 (-18.2%), from €36,287 to €29,671
- Staff costs -€22,881
down €22,881 (-15.3%), from €149,867 to €126,987
- Other operating charges -€6,054
down €6,054 (-46.9%), from €12,896 to €6,843
- Financial charges -€4,397
down €4,397 (-36.5%), from €12,043 to €7,646
- Taxes +€3,194
up €3,194 (+39.0%), from €8,199 to €11,393
- Depreciation +€2,929
up €2,929 (+17.9%), from €16,340 to €19,269
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 | €508,671 | €482,334 | -€26,337 | -5.2% |
| Fixed assets | 21/28 | €96,879 | €80,947 | -€15,932 | -16.4% |
| Tangible fixed assets | 22/27 | €87,519 | €71,587 | -€15,932 | -18.2% |
| Land and buildings | 22 | €37,125 | €37,125 | = | 0.0% |
| Furniture and vehicles | 24 | €50,394 | €32,445 | -€17,949 | -35.6% |
| Other tangible fixed assets | 26 | - | €2,017 | +€2,017 | |
| Financial fixed assets | 28 | €9,360 | €9,360 | = | 0.0% |
| Current assets | 29/58 | €411,792 | €401,388 | -€10,405 | -2.5% |
| Stocks and contracts in progress | 3 | €135,444 | €181,573 | +€46,129 | +34.1% |
| Stocks | 30/36 | €135,444 | €181,573 | +€46,129 | +34.1% |
| Amounts receivable within one year | 40/41 | €144,268 | €102,627 | -€41,641 | -28.9% |
| Trade receivables | 40 | €125,107 | €88,932 | -€36,176 | -28.9% |
| Other amounts receivable | 41 | €19,161 | €13,695 | -€5,466 | -28.5% |
| Cash at bank and in hand | 54/58 | €126,895 | €117,188 | -€9,707 | -7.6% |
| Deferred charges and accrued income | 490/1 | €5,186 | €0 | -€5,186 | -100% |
| Total equity and liabilities | 10/49 | €508,671 | €482,334 | -€26,337 | -5.2% |
| Equity | 10/15 | €260,412 | €285,943 | +€25,531 | +9.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €105,000 | €105,000 | = | 0.0% |
| Distributable reserves | 133 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,412 | €130,943 | +€25,531 | +24.2% |
| Amounts payable | 17/49 | €248,259 | €196,391 | -€51,868 | -20.9% |
| Amounts payable after more than one year | 17 | €104,172 | €74,501 | -€29,671 | -28.5% |
| Financial debts | 170/4 | €104,172 | €74,501 | -€29,671 | -28.5% |
| Amounts payable within one year | 42/48 | €144,087 | €121,890 | -€22,197 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €36,287 | €29,671 | -€6,616 | -18.2% |
| Trade debts | 44 | €58,709 | €27,228 | -€31,481 | -53.6% |
| Suppliers | 440/4 | €58,709 | €27,228 | -€31,481 | -53.6% |
| Advances received on contracts in progress | 46 | €20,193 | €42,620 | +€22,427 | +111% |
| Taxes, remuneration and social security | 45 | €28,898 | €22,372 | -€6,527 | -22.6% |
| Taxes | 450/3 | €13,181 | €3,650 | -€9,530 | -72.3% |
| Remuneration and social security | 454/9 | €15,717 | €18,721 | +€3,004 | +19.1% |
| Other amounts payable | 47/48 | €0 | €0 | -€0 | -100% |
| Remuneration, social security and pensions | 62 | €149,867 | €126,987 | -€22,881 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,340 | €19,269 | +€2,929 | +17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €489 | - | -€489 | |
| Other operating charges | 640/8 | €12,896 | €6,843 | -€6,054 | -46.9% |
| Gross operating margin | 9900 | €190,572 | €191,332 | +€760 | +0.4% |
| Operating profit (loss) | 9901 | €10,980 | €38,233 | +€27,254 | +248% |
| Financial income | 75/76B | €4,763 | €6,337 | +€1,574 | +33.1% |
| Recurring financial income | 75 | €4,763 | €6,337 | +€1,574 | +33.1% |
| Financial charges | 65/66B | €12,043 | €7,646 | -€4,397 | -36.5% |
| Recurring financial charges | 65 | €12,043 | €7,646 | -€4,397 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €3,699 | €36,924 | +€33,225 | +898% |
| Income taxes | 67/77 | €8,199 | €11,393 | +€3,194 | +39.0% |
| Profit (loss) for the period | 9904 | -€4,500 | €25,531 | +€30,031 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,500 | €25,531 | +€30,031 |
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 22 October 2026 via checked.be.