HELSH-JS: 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.
HELSH-JS
Largest movements
- Cash -€23,456
down €23,456 (-46.3%), from €50,661 to €27,205
mainly Contributions, distributions and other (-€30,000) and Net result for the year (-€23,734)
- Receivables within one year -€23,152
down €23,152 (-44.1%), from €52,491 to €29,339
of which Trade receivables: -€15,524
- Tangible fixed assets -€3,384
down €3,384 (-32.7%), from €10,338 to €6,954
of which Furniture and vehicles: -€2,825
- Reserves -€30,000
down €30,000 (-54.0%), from €55,576 to €25,576
- Profit (loss) carried forward -€23,734
down €23,734 (-93.8%), from €25,313 to €1,579
- Other debts +€12,476
new in 2025: €12,476
- Tax, wage and social debts -€7,802
down €7,802 (-59.0%), from €13,235 to €5,433
- Gross operating margin -€90,073
down €90,073, from €73,990 to -€16,083
- Taxes -€13,953
down €13,953 (-97.3%), from €14,346 to €393
- Financial charges +€3,223
up €3,223 (+797%), from €404 to €3,627
- Other operating charges -€927
down €927 (-79.0%), from €1,173 to €246
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 | €114,663 | €65,293 | -€49,369 | -43.1% |
| Fixed assets | 21/28 | €10,338 | €6,954 | -€3,384 | -32.7% |
| Tangible fixed assets | 22/27 | €10,338 | €6,954 | -€3,384 | -32.7% |
| Plant, machinery and equipment | 23 | €4,935 | €4,376 | -€559 | -11.3% |
| Furniture and vehicles | 24 | €5,403 | €2,577 | -€2,825 | -52.3% |
| Current assets | 29/58 | €104,325 | €58,340 | -€45,985 | -44.1% |
| Amounts receivable within one year | 40/41 | €52,491 | €29,339 | -€23,152 | -44.1% |
| Trade receivables | 40 | €37,266 | €21,742 | -€15,524 | -41.7% |
| Other amounts receivable | 41 | €15,225 | €7,597 | -€7,628 | -50.1% |
| Cash at bank and in hand | 54/58 | €50,661 | €27,205 | -€23,456 | -46.3% |
| Deferred charges and accrued income | 490/1 | €1,173 | €1,796 | +€623 | +53.1% |
| Total equity and liabilities | 10/49 | €114,663 | €65,293 | -€49,369 | -43.1% |
| Equity | 10/15 | €99,489 | €45,755 | -€53,734 | -54.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,576 | €25,576 | -€30,000 | -54.0% |
| Distributable reserves | 133 | €55,576 | €25,576 | -€30,000 | -54.0% |
| Profit (loss) carried forward | 14 | €25,313 | €1,579 | -€23,734 | -93.8% |
| Amounts payable | 17/49 | €15,173 | €19,538 | +€4,365 | +28.8% |
| Amounts payable within one year | 42/48 | €15,173 | €19,538 | +€4,365 | +28.8% |
| Trade debts | 44 | €1,939 | €1,629 | -€309 | -16.0% |
| Suppliers | 440/4 | €1,939 | €1,629 | -€309 | -16.0% |
| Taxes, remuneration and social security | 45 | €13,235 | €5,433 | -€7,802 | -59.0% |
| Taxes | 450/3 | €13,235 | €5,433 | -€7,802 | -59.0% |
| Other amounts payable | 47/48 | - | €12,476 | +€12,476 | |
| Non-recurring operating income | 76A | €12,858 | - | -€12,858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,050 | €3,384 | +€334 | +11.0% |
| Other operating charges | 640/8 | €1,173 | €246 | -€927 | -79.0% |
| Gross operating margin | 9900 | €73,990 | -€16,083 | -€90,073 | |
| Operating profit (loss) | 9901 | €69,767 | -€19,713 | -€89,480 | |
| Financial income | 75/76B | €560 | €0 | -€560 | -100.0% |
| Recurring financial income | 75 | €560 | €0 | -€560 | -100.0% |
| Financial charges | 65/66B | €404 | €3,627 | +€3,223 | +797% |
| Recurring financial charges | 65 | €404 | €3,627 | +€3,223 | +797% |
| Profit (loss) for the period before taxes | 9903 | €69,922 | -€23,340 | -€93,263 | |
| Income taxes | 67/77 | €14,346 | €393 | -€13,953 | -97.3% |
| Profit (loss) for the period | 9904 | €55,576 | -€23,734 | -€79,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,576 | -€23,734 | -€79,310 |
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 14 October 2026 via checked.be.