HELPHI: 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.
HELPHI
Largest movements
- Tangible fixed assets +€129,049
up €129,049 (+19.0%), from €679,765 to €808,815
of which Other tangible fixed assets: +€160,085
- Receivables within one year +€34,155
up €34,155 (+16.2%), from €210,505 to €244,660
of which Other amounts receivable: +€31,620
- Reserves +€77,091
up €77,091 (+16.2%), from €475,099 to €552,190
of which Distributable reserves: +€80,190
- Other debts +€75,884
up €75,884 (+75.3%), from €100,771 to €176,655
- Debts after one year -€42,478
down €42,478 (-9.0%), from €473,275 to €430,797
- Accrued charges and deferred income +€20,375
up €20,375 (+305.0%), from €6,680 to €27,055
- Short-term financial debts +€15,000
up €15,000 (+18.3%), from €81,850 to €96,850
of which Credit institutions: +€15,000
- Gross operating margin +€13,715
up €13,715 (+10.1%), from €135,127 to €148,842
- Financial income +€8,702
up €8,702 (+34.5%), from €25,242 to €33,945
- Depreciation +€6,549
up €6,549 (+21.6%), from €30,373 to €36,923
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,248,969 | €1,419,000 | +€170,030 | +13.6% |
| Fixed assets | 21/28 | €1,035,815 | €1,164,865 | +€129,049 | +12.5% |
| Tangible fixed assets | 22/27 | €679,765 | €808,815 | +€129,049 | +19.0% |
| Land and buildings | 22 | €643,496 | €619,085 | -€24,411 | -3.8% |
| Furniture and vehicles | 24 | €7,723 | €1,098 | -€6,625 | -85.8% |
| Other tangible fixed assets | 26 | €28,546 | €188,631 | +€160,085 | +560.8% |
| Financial fixed assets | 28 | €356,050 | €356,050 | = | 0.0% |
| Current assets | 29/58 | €213,154 | €254,135 | +€40,981 | +19.2% |
| Amounts receivable within one year | 40/41 | €210,505 | €244,660 | +€34,155 | +16.2% |
| Trade receivables | 40 | - | €2,535 | +€2,535 | |
| Other amounts receivable | 41 | €210,505 | €242,125 | +€31,620 | +15.0% |
| Cash at bank and in hand | 54/58 | €2,649 | €6,043 | +€3,394 | +128.1% |
| Deferred charges and accrued income | 490/1 | - | €3,432 | +€3,432 | |
| Total equity and liabilities | 10/49 | €1,248,969 | €1,419,000 | +€170,030 | +13.6% |
| Equity | 10/15 | €500,602 | €577,278 | +€76,676 | +15.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €475,099 | €552,190 | +€77,091 | +16.2% |
| Non-distributable reserves | 130/1 | €3,099 | - | -€3,099 | |
| Reserves not available under the articles | 1311 | €3,099 | - | -€3,099 | |
| Distributable reserves | 133 | €472,000 | €552,190 | +€80,190 | +17.0% |
| Profit (loss) carried forward | 14 | €503 | €88 | -€416 | -82.6% |
| Amounts payable | 17/49 | €748,367 | €841,722 | +€93,355 | +12.5% |
| Amounts payable after more than one year | 17 | €473,275 | €430,797 | -€42,478 | -9.0% |
| Financial debts | 170/4 | €473,275 | €430,797 | -€42,478 | -9.0% |
| Amounts payable within one year | 42/48 | €268,412 | €383,870 | +€115,458 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €42,478 | €42,478 | = | 0.0% |
| Financial debts | 43 | €81,850 | €96,850 | +€15,000 | +18.3% |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Other loans | 439 | €81,850 | €81,850 | = | 0.0% |
| Trade debts | 44 | €1,458 | €14,453 | +€12,995 | +891.4% |
| Suppliers | 440/4 | €1,458 | €14,453 | +€12,995 | +891.4% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €41,856 | €48,435 | +€6,578 | +15.7% |
| Taxes | 450/3 | €41,856 | €48,435 | +€6,578 | +15.7% |
| Other amounts payable | 47/48 | €100,771 | €176,655 | +€75,884 | +75.3% |
| Accrued charges and deferred income | 492/3 | €6,680 | €27,055 | +€20,375 | +305.0% |
| Non-recurring operating income | 76A | - | €3,812 | +€3,812 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,373 | €36,923 | +€6,549 | +21.6% |
| Other operating charges | 640/8 | €3,156 | €3,235 | +€80 | +2.5% |
| Gross operating margin | 9900 | €135,127 | €148,842 | +€13,715 | +10.1% |
| Operating profit (loss) | 9901 | €101,598 | €108,683 | +€7,086 | +7.0% |
| Financial income | 75/76B | €25,242 | €33,945 | +€8,702 | +34.5% |
| Recurring financial income | 75 | €25,242 | €33,945 | +€8,702 | +34.5% |
| Financial charges | 65/66B | €30,746 | €30,529 | -€218 | -0.7% |
| Recurring financial charges | 65 | €30,746 | €30,529 | -€218 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €96,093 | €112,099 | +€16,006 | +16.7% |
| Income taxes | 67/77 | €27,943 | €27,205 | -€737 | -2.6% |
| Profit (loss) for the period | 9904 | €68,151 | €84,894 | +€16,743 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,151 | €84,894 | +€16,743 | +24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.