HELSINKI: 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.
HELSINKI
Largest movements
- Receivables within one year -€37,988
down €37,988 (-13.1%), from €290,576 to €252,589
of which Trade receivables: -€39,729
- Tangible fixed assets -€29,640
down €29,640 (-3.7%), from €799,003 to €769,364
of which Land and buildings: -€22,296
- Debts after one year -€40,164
down €40,164 (-6.8%), from €586,780 to €546,616
- Current portion of long-term debt +€39,604
up €39,604 (+57.0%), from €69,518 to €109,122
- Tax, wage and social debts -€27,085
down €27,085 (-57.3%), from €47,258 to €20,173
- Reserves -€23,848
down €23,848 (-11.1%), from €215,582 to €191,734
- Trade debts -€15,267
down €15,267 (-14.0%), from €108,960 to €93,694
- Gross operating margin -€71,765
down €71,765 (-39.3%), from €182,611 to €110,846
- Taxes -€25,558
down €25,558 (-66.6%), from €38,404 to €12,846
- Depreciation +€4,298
up €4,298 (+10.4%), from €41,402 to €45,700
- Financial charges +€2,427
up €2,427 (+9.5%), from €25,509 to €27,936
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.
Cash bridge derived
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 | €1,089,993 | €1,023,971 | -€66,021 | -6.1% |
| Fixed assets | 21/28 | €799,003 | €769,364 | -€29,640 | -3.7% |
| Tangible fixed assets | 22/27 | €799,003 | €769,364 | -€29,640 | -3.7% |
| Land and buildings | 22 | €758,927 | €736,632 | -€22,296 | -2.9% |
| Plant, machinery and equipment | 23 | €34,349 | €27,041 | -€7,308 | -21.3% |
| Furniture and vehicles | 24 | €5,727 | €5,691 | -€36 | -0.6% |
| Current assets | 29/58 | €290,989 | €254,608 | -€36,381 | -12.5% |
| Amounts receivable within one year | 40/41 | €290,576 | €252,589 | -€37,988 | -13.1% |
| Trade receivables | 40 | €281,778 | €242,049 | -€39,729 | -14.1% |
| Other amounts receivable | 41 | €8,798 | €10,540 | +€1,742 | +19.8% |
| Cash at bank and in hand | 54/58 | €289 | €290 | +€1 | +0.4% |
| Deferred charges and accrued income | 490/1 | €124 | €1,729 | +€1,605 | +1293.4% |
| Total equity and liabilities | 10/49 | €1,089,993 | €1,023,971 | -€66,021 | -6.1% |
| Equity | 10/15 | €234,182 | €210,334 | -€23,848 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,582 | €191,734 | -€23,848 | -11.1% |
| Distributable reserves | 133 | €215,582 | €191,734 | -€23,848 | -11.1% |
| Amounts payable | 17/49 | €855,811 | €813,637 | -€42,173 | -4.9% |
| Amounts payable after more than one year | 17 | €586,780 | €546,616 | -€40,164 | -6.8% |
| Financial debts | 170/4 | €586,780 | €546,616 | -€40,164 | -6.8% |
| Amounts payable within one year | 42/48 | €269,030 | €267,021 | -€2,009 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €69,518 | €109,122 | +€39,604 | +57.0% |
| Financial debts | 43 | €42,410 | €44,032 | +€1,622 | +3.8% |
| Credit institutions | 430/8 | €42,410 | €44,032 | +€1,622 | +3.8% |
| Trade debts | 44 | €108,960 | €93,694 | -€15,267 | -14.0% |
| Suppliers | 440/4 | €108,960 | €93,694 | -€15,267 | -14.0% |
| Taxes, remuneration and social security | 45 | €47,258 | €20,173 | -€27,085 | -57.3% |
| Taxes | 450/3 | €47,258 | €20,173 | -€27,085 | -57.3% |
| Other amounts payable | 47/48 | €884 | - | -€884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,402 | €45,700 | +€4,298 | +10.4% |
| Other operating charges | 640/8 | €8,458 | €7,429 | -€1,029 | -12.2% |
| Gross operating margin | 9900 | €182,611 | €110,846 | -€71,765 | -39.3% |
| Operating profit (loss) | 9901 | €132,751 | €57,717 | -€75,034 | -56.5% |
| Financial income | 75/76B | €53 | €1,322 | +€1,269 | +2390.2% |
| Recurring financial income | 75 | €53 | €1,322 | +€1,269 | +2390.2% |
| Financial charges | 65/66B | €25,509 | €27,936 | +€2,427 | +9.5% |
| Recurring financial charges | 65 | €25,509 | €27,936 | +€2,427 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €107,295 | €31,103 | -€76,192 | -71.0% |
| Income taxes | 67/77 | €38,404 | €12,846 | -€25,558 | -66.6% |
| Profit (loss) for the period | 9904 | €68,891 | €18,257 | -€50,634 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,891 | €18,257 | -€50,634 | -73.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.