Helvetica: 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.
Helvetica
Largest movements
- Cash +€116,506
up €116,506 (+49.5%), from €235,523 to €352,029
mainly Net result for the year (+€163,898) and Receivables within one year (+€97,147)
- Receivables within one year -€97,147
down €97,147 (-91.3%), from €106,445 to €9,299
of which Other amounts receivable: -€99,459
- Tangible fixed assets +€22,162
new in 2025: €22,162
of which Land and buildings: +€18,318
- Deferred charges and accrued income -€9,578
no longer reported in 2025 (was €9,578)
- Tax, wage and social debts +€59,066
up €59,066 (+212%), from €27,900 to €86,966
- Other debts -€29,197
down €29,197 (-9.0%), from €324,909 to €295,712
- Gross operating margin -€56,852
down €56,852 (-19.5%), from €291,260 to €234,408
- Financial income -€9,540
down €9,540 (-99.6%), from €9,578 to €38
- Taxes -€5,762
down €5,762 (-8.3%), from €69,740 to €63,978
- Other operating charges +€4,008
up €4,008 (+983%), from €408 to €4,416
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 | €359,546 | €391,490 | +€31,943 | +8.9% |
| Fixed assets | 21/28 | €8,000 | €30,162 | +€22,162 | +277% |
| Tangible fixed assets | 22/27 | - | €22,162 | +€22,162 | |
| Land and buildings | 22 | - | €18,318 | +€18,318 | |
| Furniture and vehicles | 24 | - | €3,845 | +€3,845 | |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €351,546 | €361,328 | +€9,781 | +2.8% |
| Amounts receivable within one year | 40/41 | €106,445 | €9,299 | -€97,147 | -91.3% |
| Trade receivables | 40 | €6,987 | €9,299 | +€2,312 | +33.1% |
| Other amounts receivable | 41 | €99,459 | - | -€99,459 | |
| Cash at bank and in hand | 54/58 | €235,523 | €352,029 | +€116,506 | +49.5% |
| Deferred charges and accrued income | 490/1 | €9,578 | - | -€9,578 | |
| Total equity and liabilities | 10/49 | €359,546 | €391,490 | +€31,943 | +8.9% |
| Equity | 10/15 | €5,820 | €6,717 | +€898 | +15.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €820 | €1,717 | +€898 | +109% |
| Amounts payable | 17/49 | €353,727 | €384,772 | +€31,046 | +8.8% |
| Amounts payable within one year | 42/48 | €352,809 | €384,772 | +€31,963 | +9.1% |
| Trade debts | 44 | - | €2,094 | +€2,094 | |
| Suppliers | 440/4 | - | €2,094 | +€2,094 | |
| Taxes, remuneration and social security | 45 | €27,900 | €86,966 | +€59,066 | +212% |
| Taxes | 450/3 | €27,900 | €86,966 | +€59,066 | +212% |
| Other amounts payable | 47/48 | €324,909 | €295,712 | -€29,197 | -9.0% |
| Accrued charges and deferred income | 492/3 | €917 | - | -€917 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197 | €2,025 | +€1,828 | +927% |
| Other operating charges | 640/8 | €408 | €4,416 | +€4,008 | +983% |
| Gross operating margin | 9900 | €291,260 | €234,408 | -€56,852 | -19.5% |
| Operating profit (loss) | 9901 | €290,656 | €227,967 | -€62,688 | -21.6% |
| Financial income | 75/76B | €9,578 | €38 | -€9,540 | -99.6% |
| Recurring financial income | 75 | €9,578 | €38 | -€9,540 | -99.6% |
| Financial charges | 65/66B | €97 | €130 | +€32 | +32.9% |
| Recurring financial charges | 65 | €97 | €130 | +€32 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €300,137 | €227,876 | -€72,261 | -24.1% |
| Income taxes | 67/77 | €69,740 | €63,978 | -€5,762 | -8.3% |
| Profit (loss) for the period | 9904 | €230,397 | €163,898 | -€66,499 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €230,397 | €163,898 | -€66,499 | -28.9% |
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 26 October 2026 via checked.be.