Helrud Export: 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.
Helrud Export
Largest movements
- Tangible fixed assets +€25,197
up €25,197 (+13.4%), from €188,228 to €213,424
of which Land and buildings: +€17,997
- Cash -€20,567
down €20,567 (-34.1%), from €60,351 to €39,784
mainly Contributions, distributions and other (-€63,736) and Debts after one year (-€36,759)
- Receivables within one year +€5,042
up €5,042 (+548%), from €920 to €5,962
of which Trade receivables: +€4,222
- Other debts +€63,736
new in 2025: €63,736
- Debts after one year -€36,759
down €36,759 (-92.6%), from €39,706 to €2,948
of which Other amounts payable: -€34,357
- Short-term financial debts +€13,405
new in 2025: €13,405
- Trade debts -€9,547
down €9,547 (-54.9%), from €17,374 to €7,827
- Reserves -€5,977
down €5,977 (-2.8%), from €210,351 to €204,374
of which Distributable reserves: -€5,977
- Gross operating margin +€20,627
up €20,627 (+15.8%), from €130,357 to €150,985
- Financial charges -€5,447
down €5,447 (-68.4%), from €7,960 to €2,513
- Taxes +€4,274
up €4,274 (+18.2%), from €23,530 to €27,804
- Depreciation -€2,176
down €2,176 (-20.4%), from €10,674 to €8,497
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 | €312,835 | €323,390 | +€10,555 | +3.4% |
| Fixed assets | 21/28 | €188,363 | €213,559 | +€25,197 | +13.4% |
| Tangible fixed assets | 22/27 | €188,228 | €213,424 | +€25,197 | +13.4% |
| Land and buildings | 22 | €181,095 | €199,092 | +€17,997 | +9.9% |
| Furniture and vehicles | 24 | €7,132 | €14,332 | +€7,200 | +101% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €124,472 | €109,831 | -€14,642 | -11.8% |
| Stocks and contracts in progress | 3 | €53,664 | €53,664 | = | 0.0% |
| Stocks | 30/36 | €53,664 | €53,664 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €920 | €5,962 | +€5,042 | +548% |
| Trade receivables | 40 | €920 | €5,141 | +€4,222 | +459% |
| Other amounts receivable | 41 | - | €821 | +€821 | |
| Cash at bank and in hand | 54/58 | €60,351 | €39,784 | -€20,567 | -34.1% |
| Deferred charges and accrued income | 490/1 | €9,537 | €10,421 | +€883 | +9.3% |
| Total equity and liabilities | 10/49 | €312,835 | €323,390 | +€10,555 | +3.4% |
| Equity | 10/15 | €230,351 | €224,374 | -€5,977 | -2.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €210,351 | €204,374 | -€5,977 | -2.8% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €209,731 | €203,754 | -€5,977 | -2.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €82,484 | €99,016 | +€16,532 | +20.0% |
| Amounts payable after more than one year | 17 | €39,706 | €2,948 | -€36,759 | -92.6% |
| Financial debts | 170/4 | €2,402 | €0 | -€2,402 | -100% |
| Other amounts payable | 178/9 | €37,305 | €2,948 | -€34,357 | -92.1% |
| Amounts payable within one year | 42/48 | €35,547 | €94,643 | +€59,096 | +166% |
| Current portion of amounts payable after more than one year | 42 | €3,518 | €0 | -€3,518 | -100% |
| Financial debts | 43 | - | €13,405 | +€13,405 | |
| Credit institutions | 430/8 | - | €13,405 | +€13,405 | |
| Trade debts | 44 | €17,374 | €7,827 | -€9,547 | -54.9% |
| Suppliers | 440/4 | €17,374 | €7,827 | -€9,547 | -54.9% |
| Advances received on contracts in progress | 46 | €116 | €217 | +€101 | +87.1% |
| Taxes, remuneration and social security | 45 | €14,538 | €9,458 | -€5,080 | -34.9% |
| Taxes | 450/3 | €11,522 | €6,247 | -€5,274 | -45.8% |
| Remuneration and social security | 454/9 | €3,017 | €3,211 | +€194 | +6.4% |
| Other amounts payable | 47/48 | - | €63,736 | +€63,736 | |
| Accrued charges and deferred income | 492/3 | €7,231 | €1,425 | -€5,806 | -80.3% |
| Remuneration, social security and pensions | 62 | €23,000 | €23,527 | +€526 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,674 | €8,497 | -€2,176 | -20.4% |
| Other operating charges | 640/8 | €24,621 | €25,611 | +€990 | +4.0% |
| Non-recurring operating charges | 66A | - | €5,479 | +€5,479 | |
| Gross operating margin | 9900 | €130,357 | €150,985 | +€20,627 | +15.8% |
| Operating profit (loss) | 9901 | €72,062 | €87,871 | +€15,808 | +21.9% |
| Financial income | 75/76B | €85 | €205 | +€121 | +143% |
| Recurring financial income | 75 | €85 | €205 | +€121 | +143% |
| Financial charges | 65/66B | €7,960 | €2,513 | -€5,447 | -68.4% |
| Recurring financial charges | 65 | €7,960 | €2,513 | -€5,447 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €64,187 | €85,563 | +€21,376 | +33.3% |
| Income taxes | 67/77 | €23,530 | €27,804 | +€4,274 | +18.2% |
| Profit (loss) for the period | 9904 | €40,657 | €57,759 | +€17,102 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,657 | €57,759 | +€17,102 | +42.1% |
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.