Heluba: 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.
Heluba
Largest movements
- Receivables within one year +€8,077
up €8,077 (+70.8%), from €11,415 to €19,492
of which Trade receivables: +€11,544
- Tangible fixed assets +€8,018
up €8,018 (+6542.9%), from €123 to €8,141
of which Land and buildings: +€8,141
- Cash +€6,648
up €6,648 (+39.5%), from €16,841 to €23,489
mainly Other debts (+€15,768) and Trade debts (+€12,853)
- Stocks and contracts -€654
down €654 (-16.3%), from €4,019 to €3,365
- Other debts +€15,768
up €15,768, from €0 to €15,768
- Trade debts +€12,853
up €12,853 (+253.9%), from €5,062 to €17,915
- Reserves -€5,701
down €5,701 (-100.0%), from €5,701 to €0
- Tax, wage and social debts -€830
down €830 (-27.3%), from €3,034 to €2,205
- Gross operating margin +€3,891
up €3,891 (+38.1%), from €10,220 to €14,111
- Taxes +€1,122
up €1,122 (+74.9%), from €1,497 to €2,618
- Depreciation -€1,011
down €1,011 (-77.9%), from €1,297 to €286
- Financial charges -€455
down €455 (-75.1%), from €606 to €151
- Staff costs -€175
down €175 (-100.0%), from €175 to €0
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 | €32,397 | €54,487 | +€22,090 | +68.2% |
| Fixed assets | 21/28 | €123 | €8,141 | +€8,018 | +6542.9% |
| Tangible fixed assets | 22/27 | €123 | €8,141 | +€8,018 | +6542.9% |
| Land and buildings | 22 | - | €8,141 | +€8,141 | |
| Plant, machinery and equipment | 23 | €123 | €0 | -€123 | -100.0% |
| Current assets | 29/58 | €32,275 | €46,346 | +€14,072 | +43.6% |
| Stocks and contracts in progress | 3 | €4,019 | €3,365 | -€654 | -16.3% |
| Stocks | 30/36 | €4,019 | €3,365 | -€654 | -16.3% |
| Amounts receivable within one year | 40/41 | €11,415 | €19,492 | +€8,077 | +70.8% |
| Trade receivables | 40 | €4,602 | €16,145 | +€11,544 | +250.9% |
| Other amounts receivable | 41 | €6,813 | €3,347 | -€3,466 | -50.9% |
| Cash at bank and in hand | 54/58 | €16,841 | €23,489 | +€6,648 | +39.5% |
| Total equity and liabilities | 10/49 | €32,397 | €54,487 | +€22,090 | +68.2% |
| Equity | 10/15 | €24,301 | €18,600 | -€5,701 | -23.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,701 | €0 | -€5,701 | -100.0% |
| Distributable reserves | 133 | €5,701 | €0 | -€5,701 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,096 | €35,887 | +€27,791 | +343.3% |
| Amounts payable within one year | 42/48 | €8,096 | €35,887 | +€27,791 | +343.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,062 | €17,915 | +€12,853 | +253.9% |
| Suppliers | 440/4 | €5,062 | €17,915 | +€12,853 | +253.9% |
| Taxes, remuneration and social security | 45 | €3,034 | €2,205 | -€830 | -27.3% |
| Taxes | 450/3 | €3,034 | €2,205 | -€830 | -27.3% |
| Other amounts payable | 47/48 | €0 | €15,768 | +€15,768 | |
| Remuneration, social security and pensions | 62 | €175 | €0 | -€175 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,297 | €286 | -€1,011 | -77.9% |
| Other operating charges | 640/8 | €1,318 | €1,355 | +€37 | +2.8% |
| Gross operating margin | 9900 | €10,220 | €14,111 | +€3,891 | +38.1% |
| Operating profit (loss) | 9901 | €7,430 | €12,469 | +€5,040 | +67.8% |
| Financial income | 75/76B | €374 | €366 | -€7 | -1.9% |
| Recurring financial income | 75 | €374 | €366 | -€7 | -1.9% |
| Financial charges | 65/66B | €606 | €151 | -€455 | -75.1% |
| Recurring financial charges | 65 | €606 | €151 | -€455 | -75.1% |
| Profit (loss) for the period before taxes | 9903 | €7,198 | €12,685 | +€5,487 | +76.2% |
| Income taxes | 67/77 | €1,497 | €2,618 | +€1,122 | +74.9% |
| Profit (loss) for the period | 9904 | €5,701 | €10,067 | +€4,366 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,701 | €10,067 | +€4,366 | +76.6% |
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 5 October 2026 via checked.be.