HELYS: 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.
HELYS
Largest movements
- Cash +€80,202
up €80,202 (+27.4%), from €292,673 to €372,875
mainly Net result for the year (+€79,552) and Receivables within one year (+€25,354)
- Receivables within one year -€25,354
down €25,354 (-39.4%), from €64,348 to €38,993
- Tangible fixed assets -€24,651
down €24,651 (-16.3%), from €151,581 to €126,930
of which Plant, machinery and equipment: -€22,051
- Reserves +€79,552
up €79,552 (+18.6%), from €426,854 to €506,406
- Current portion of long-term debt -€40,643
down €40,643 (-84.5%), from €48,078 to €7,434
- Tax, wage and social debts -€5,650
down €5,650 (-24.7%), from €22,846 to €17,197
- Gross operating margin -€20,938
down €20,938 (-13.5%), from €155,300 to €134,362
- Taxes -€5,231
down €5,231 (-13.9%), from €37,694 to €32,464
- Financial income +€3,661
up €3,661 (+1509.1%), from €243 to €3,904
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 | €512,071 | €543,552 | +€31,481 | +6.1% |
| Fixed assets | 21/28 | €151,686 | €127,035 | -€24,651 | -16.3% |
| Tangible fixed assets | 22/27 | €151,581 | €126,930 | -€24,651 | -16.3% |
| Plant, machinery and equipment | 23 | €131,068 | €109,017 | -€22,051 | -16.8% |
| Furniture and vehicles | 24 | €714 | €244 | -€470 | -65.8% |
| Other tangible fixed assets | 26 | €19,800 | €17,670 | -€2,130 | -10.8% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €360,385 | €416,517 | +€56,132 | +15.6% |
| Amounts receivable within one year | 40/41 | €64,348 | €38,993 | -€25,354 | -39.4% |
| Trade receivables | 40 | €64,348 | €38,993 | -€25,354 | -39.4% |
| Cash at bank and in hand | 54/58 | €292,673 | €372,875 | +€80,202 | +27.4% |
| Deferred charges and accrued income | 490/1 | €3,364 | €4,649 | +€1,285 | +38.2% |
| Total equity and liabilities | 10/49 | €512,071 | €543,552 | +€31,481 | +6.1% |
| Equity | 10/15 | €428,354 | €507,906 | +€79,552 | +18.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €426,854 | €506,406 | +€79,552 | +18.6% |
| Distributable reserves | 133 | €426,854 | €506,406 | +€79,552 | +18.6% |
| Amounts payable | 17/49 | €83,717 | €35,646 | -€48,071 | -57.4% |
| Amounts payable after more than one year | 17 | €3,719 | - | -€3,719 | |
| Financial debts | 170/4 | €3,719 | - | -€3,719 | |
| Amounts payable within one year | 42/48 | €79,954 | €35,110 | -€44,843 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €48,078 | €7,434 | -€40,643 | -84.5% |
| Trade debts | 44 | €1,538 | €1,767 | +€229 | +14.9% |
| Suppliers | 440/4 | €1,538 | €1,767 | +€229 | +14.9% |
| Taxes, remuneration and social security | 45 | €22,846 | €17,197 | -€5,650 | -24.7% |
| Taxes | 450/3 | €22,846 | €17,197 | -€5,650 | -24.7% |
| Other amounts payable | 47/48 | €7,492 | €8,712 | +€1,220 | +16.3% |
| Accrued charges and deferred income | 492/3 | €44 | €536 | +€491 | +1107.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,061 | €24,651 | +€590 | +2.5% |
| Other operating charges | 640/8 | €837 | €674 | -€163 | -19.5% |
| Gross operating margin | 9900 | €155,300 | €134,362 | -€20,938 | -13.5% |
| Operating profit (loss) | 9901 | €130,402 | €109,038 | -€21,364 | -16.4% |
| Financial income | 75/76B | €243 | €3,904 | +€3,661 | +1509.1% |
| Recurring financial income | 75 | €243 | €3,904 | +€3,661 | +1509.1% |
| Financial charges | 65/66B | €825 | €926 | +€102 | +12.3% |
| Recurring financial charges | 65 | €825 | €926 | +€102 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €129,820 | €112,015 | -€17,805 | -13.7% |
| Income taxes | 67/77 | €37,694 | €32,464 | -€5,231 | -13.9% |
| Profit (loss) for the period | 9904 | €92,126 | €79,552 | -€12,574 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,126 | €79,552 | -€12,574 | -13.6% |
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 6 October 2026 via checked.be.