Helta: 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.
Helta
Largest movements
- Cash +€32,019
up €32,019, from €0 to €32,019
mainly Trade debts (+€38,552) and Net result for the year (+€10,837)
- Receivables within one year +€9,476
up €9,476 (+17.5%), from €54,202 to €63,678
of which Other amounts receivable: +€8,762
- Deferred charges and accrued income +€4,756
up €4,756 (+184%), from €2,579 to €7,335
- Trade debts +€38,552
up €38,552 (+192%), from €20,035 to €58,586
- Reserves +€10,837
up €10,837 (+47.3%), from €22,921 to €33,758
- Short-term financial debts -€8,376
down €8,376 (-99.1%), from €8,456 to €80
- Tax, wage and social debts +€5,444
up €5,444 (+88.3%), from €6,168 to €11,612
of which Taxes: +€4,233
- Financial charges +€5,518
up €5,518 (+113%), from €4,887 to €10,405
- Other operating charges -€3,271
down €3,271 (-59.1%), from €5,536 to €2,265
- Staff costs -€2,322
down €2,322 (-9.7%), from €23,975 to €21,653
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 | €58,830 | €105,287 | +€46,456 | +79.0% |
| Fixed assets | 21/28 | €2,050 | €2,255 | +€205 | +10.0% |
| Tangible fixed assets | 22/27 | €2,050 | €2,255 | +€205 | +10.0% |
| Plant, machinery and equipment | 23 | €2,050 | €2,255 | +€205 | +10.0% |
| Current assets | 29/58 | €56,780 | €103,032 | +€46,251 | +81.5% |
| Amounts receivable within one year | 40/41 | €54,202 | €63,678 | +€9,476 | +17.5% |
| Trade receivables | 40 | €27,830 | €28,544 | +€714 | +2.6% |
| Other amounts receivable | 41 | €26,372 | €35,134 | +€8,762 | +33.2% |
| Cash at bank and in hand | 54/58 | €0 | €32,019 | +€32,019 | |
| Deferred charges and accrued income | 490/1 | €2,579 | €7,335 | +€4,756 | +184% |
| Total equity and liabilities | 10/49 | €58,830 | €105,287 | +€46,456 | +79.0% |
| Equity | 10/15 | €24,171 | €35,008 | +€10,837 | +44.8% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €22,921 | €33,758 | +€10,837 | +47.3% |
| Distributable reserves | 133 | €22,921 | €33,758 | +€10,837 | +47.3% |
| Amounts payable | 17/49 | €34,659 | €70,278 | +€35,619 | +103% |
| Amounts payable within one year | 42/48 | €34,659 | €70,278 | +€35,619 | +103% |
| Financial debts | 43 | €8,456 | €80 | -€8,376 | -99.1% |
| Credit institutions | 430/8 | €8,456 | €80 | -€8,376 | -99.1% |
| Trade debts | 44 | €20,035 | €58,586 | +€38,552 | +192% |
| Suppliers | 440/4 | €20,035 | €58,586 | +€38,552 | +192% |
| Taxes, remuneration and social security | 45 | €6,168 | €11,612 | +€5,444 | +88.3% |
| Taxes | 450/3 | €5,410 | €9,643 | +€4,233 | +78.2% |
| Remuneration and social security | 454/9 | €758 | €1,969 | +€1,211 | +160% |
| Remuneration, social security and pensions | 62 | €23,975 | €21,653 | -€2,322 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €542 | +€46 | +9.3% |
| Other operating charges | 640/8 | €5,536 | €2,265 | -€3,271 | -59.1% |
| Gross operating margin | 9900 | €48,637 | €48,672 | +€35 | +0.1% |
| Operating profit (loss) | 9901 | €18,631 | €24,213 | +€5,582 | +30.0% |
| Financial income | 75/76B | €1,290 | €1,399 | +€109 | +8.5% |
| Recurring financial income | 75 | €1,290 | €1,399 | +€109 | +8.5% |
| Financial charges | 65/66B | €4,887 | €10,405 | +€5,518 | +113% |
| Recurring financial charges | 65 | €4,887 | €10,405 | +€5,518 | +113% |
| Profit (loss) for the period before taxes | 9903 | €15,034 | €15,207 | +€173 | +1.2% |
| Income taxes | 67/77 | €4,612 | €4,369 | -€243 | -5.3% |
| Profit (loss) for the period | 9904 | €10,421 | €10,837 | +€416 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,421 | €10,837 | +€416 | +4.0% |
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 24 October 2026 via checked.be.