HELUAR: 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.
HELUAR
Largest movements
- Deferred charges and accrued income -€9,464
down €9,464 (-81.1%), from €11,664 to €2,200
- Cash +€8,672
up €8,672 (+8.9%), from €97,469 to €106,141
mainly Net result for the year (+€43,669) and Deferred charges and accrued income (+€9,464)
- Receivables within one year +€5,176
up €5,176 (+181.3%), from €2,854 to €8,030
of which Other amounts receivable: +€4,190
- Tangible fixed assets -€3,636
down €3,636 (-18.0%), from €20,250 to €16,614
of which Other tangible fixed assets: -€2,159
- Reserves +€10,140
up €10,140 (+3.8%), from €264,860 to €275,000
- Trade debts -€9,349
down €9,349 (-70.4%), from €13,273 to €3,924
- Gross operating margin -€23,159
down €23,159 (-23.1%), from €100,460 to €77,301
- Taxes -€5,744
down €5,744 (-35.0%), from €16,407 to €10,664
- Staff costs -€4,751
down €4,751 (-16.5%), from €28,881 to €24,130
- Write-downs +€2,986
up €2,986 (+86.9%), from -€3,437 to -€451
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 | €332,964 | €333,479 | +€514 | +0.2% |
| Fixed assets | 21/28 | €20,250 | €16,614 | -€3,636 | -18.0% |
| Tangible fixed assets | 22/27 | €20,250 | €16,614 | -€3,636 | -18.0% |
| Plant, machinery and equipment | 23 | €1,364 | €414 | -€950 | -69.7% |
| Furniture and vehicles | 24 | €1,168 | €641 | -€527 | -45.1% |
| Other tangible fixed assets | 26 | €17,718 | €15,559 | -€2,159 | -12.2% |
| Current assets | 29/58 | €312,714 | €316,865 | +€4,151 | +1.3% |
| Stocks and contracts in progress | 3 | €200,727 | €200,493 | -€233 | -0.1% |
| Stocks | 30/36 | €200,727 | €200,493 | -€233 | -0.1% |
| Amounts receivable within one year | 40/41 | €2,854 | €8,030 | +€5,176 | +181.3% |
| Trade receivables | 40 | - | €986 | +€986 | |
| Other amounts receivable | 41 | €2,854 | €7,045 | +€4,190 | +146.8% |
| Cash at bank and in hand | 54/58 | €97,469 | €106,141 | +€8,672 | +8.9% |
| Deferred charges and accrued income | 490/1 | €11,664 | €2,200 | -€9,464 | -81.1% |
| Total equity and liabilities | 10/49 | €332,964 | €333,479 | +€514 | +0.2% |
| Equity | 10/15 | €283,460 | €293,600 | +€10,140 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €264,860 | €275,000 | +€10,140 | +3.8% |
| Distributable reserves | 133 | €264,860 | €275,000 | +€10,140 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,505 | €39,879 | -€9,626 | -19.4% |
| Amounts payable within one year | 42/48 | €49,505 | €39,879 | -€9,626 | -19.4% |
| Trade debts | 44 | €13,273 | €3,924 | -€9,349 | -70.4% |
| Suppliers | 440/4 | €13,273 | €3,924 | -€9,349 | -70.4% |
| Advances received on contracts in progress | 46 | - | €1,193 | +€1,193 | |
| Taxes, remuneration and social security | 45 | €16,128 | €13,078 | -€3,050 | -18.9% |
| Taxes | 450/3 | €10,246 | €7,374 | -€2,872 | -28.0% |
| Remuneration and social security | 454/9 | €5,882 | €5,704 | -€178 | -3.0% |
| Other amounts payable | 47/48 | €20,104 | €21,684 | +€1,581 | +7.9% |
| Non-recurring operating income | 76A | €4,009 | €0 | -€4,009 | -100.0% |
| Remuneration, social security and pensions | 62 | €28,881 | €24,130 | -€4,751 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,451 | €3,636 | +€186 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,437 | -€451 | +€2,986 | +86.9% |
| Other operating charges | 640/8 | €678 | €753 | +€75 | +11.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €100,460 | €77,301 | -€23,159 | -23.1% |
| Operating profit (loss) | 9901 | €70,888 | €49,233 | -€21,655 | -30.5% |
| Financial income | 75/76B | €7,310 | €8,164 | +€855 | +11.7% |
| Recurring financial income | 75 | €7,310 | €8,164 | +€855 | +11.7% |
| Financial charges | 65/66B | €2,799 | €3,065 | +€267 | +9.5% |
| Recurring financial charges | 65 | €2,799 | €3,065 | +€267 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €75,399 | €54,332 | -€21,066 | -27.9% |
| Income taxes | 67/77 | €16,407 | €10,664 | -€5,744 | -35.0% |
| Profit (loss) for the period | 9904 | €58,991 | €43,669 | -€15,323 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,991 | €43,669 | -€15,323 | -26.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.