HELU: 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.
HELU
Largest movements
- Cash -€23,254
down €23,254 (-10.9%), from €214,179 to €190,925
mainly Other debts (-€25,357) and Net result for the year (-€22,066)
- Receivables within one year -€22,000
no longer reported in 2025 (was €22,000)
- Other debts -€25,357
no longer reported in 2025 (was €25,357)
- Profit (loss) carried forward -€22,066
new in 2025: -€22,066
- Gross operating margin -€151,116
down €151,116, from €150,903 to -€213
- Financial charges -€23,031
down €23,031 (-99.9%), from €23,049 to €18
of which Non-recurring financial charges: -€23,000
- Taxes +€20,347
up €20,347 (+1971.6%), from €1,032 to €21,379
- Financial income -€3,436
down €3,436 (-99.8%), from €3,442 to €6
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 | €236,179 | €190,925 | -€45,254 | -19.2% |
| Current assets | 29/58 | €236,179 | €190,925 | -€45,254 | -19.2% |
| Amounts receivable within one year | 40/41 | €22,000 | - | -€22,000 | |
| Other amounts receivable | 41 | €22,000 | - | -€22,000 | |
| Cash at bank and in hand | 54/58 | €214,179 | €190,925 | -€23,254 | -10.9% |
| Total equity and liabilities | 10/49 | €236,179 | €190,925 | -€45,254 | -19.2% |
| Equity | 10/15 | €203,655 | €181,589 | -€22,066 | -10.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €141,655 | €141,655 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €135,455 | €135,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,066 | -€22,066 | |
| Provisions and deferred taxes | 16 | €4,925 | €4,925 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,925 | €4,925 | = | 0.0% |
| Environmental obligations | 163 | €4,925 | - | -€4,925 | |
| Other liabilities and charges | 164/5 | - | €4,925 | +€4,925 | |
| Amounts payable | 17/49 | €27,599 | €4,411 | -€23,188 | -84.0% |
| Amounts payable within one year | 42/48 | €27,599 | €4,411 | -€23,188 | -84.0% |
| Trade debts | 44 | €2,242 | €4,411 | +€2,169 | +96.7% |
| Suppliers | 440/4 | €2,242 | €4,411 | +€2,169 | +96.7% |
| Other amounts payable | 47/48 | €25,357 | - | -€25,357 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €213 | +€213 | |
| Other operating charges | 640/8 | €778 | €462 | -€316 | -40.6% |
| Gross operating margin | 9900 | €150,903 | -€213 | -€151,116 | |
| Operating profit (loss) | 9901 | €150,125 | -€675 | -€150,800 | |
| Financial income | 75/76B | €3,442 | €6 | -€3,436 | -99.8% |
| Recurring financial income | 75 | €3,442 | €6 | -€3,436 | -99.8% |
| Financial charges | 65/66B | €23,049 | €18 | -€23,031 | -99.9% |
| Recurring financial charges | 65 | €49 | €18 | -€31 | -63.3% |
| Non-recurring financial charges | 66B | €23,000 | - | -€23,000 | |
| Profit (loss) for the period before taxes | 9903 | €130,518 | -€687 | -€131,205 | |
| Income taxes | 67/77 | €1,032 | €21,379 | +€20,347 | +1971.6% |
| Profit (loss) for the period | 9904 | €129,486 | -€22,066 | -€151,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €129,486 | -€22,066 | -€151,552 |
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 10 October 2026 via checked.be.