LES HELIOTROPES: 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.
LES HELIOTROPES
Largest movements
- Cash +€128,736
up €128,736 (+29.3%), from €438,920 to €567,656
mainly Depreciation (+€100,360) and Accrued charges and deferred income (+€61,534)
- Tangible fixed assets -€99,272
down €99,272 (-8.7%), from €1.1m to €1.0m
of which Land and buildings: -€92,033
- Receivables within one year -€28,511
down €28,511 (-68.2%), from €41,808 to €13,296
of which Other amounts receivable: -€26,619
- Investment grants -€79,728
down €79,728 (-9.9%), from €802,693 to €722,965
- Accrued charges and deferred income +€61,534
up €61,534 (+1,178%), from €5,222 to €66,755
- Debts within one year +€28,641
up €28,641 (+12.6%), from €226,924 to €255,565
of which Tax, wage and social debts: +€25,105
- Gross operating margin +€203,164
up €203,164 (+36.1%), from €563,450 to €766,613
- Staff costs +€54,080
up €54,080 (+10.4%), from €520,319 to €574,399
- Purchases and services +€16,945
up €16,945 (+12.4%), from €136,228 to €153,173
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 | €1,635,588 | €1,635,164 | -€425 | 0.0% |
| Fixed assets | 21/28 | €1,143,784 | €1,044,214 | -€99,570 | -8.7% |
| Intangible fixed assets | 21 | €298 | €1 | -€298 | -99.7% |
| Tangible fixed assets | 22/27 | €1,143,486 | €1,044,214 | -€99,272 | -8.7% |
| Land and buildings | 22 | €1,131,143 | €1,039,109 | -€92,033 | -8.1% |
| Furniture and vehicles | 24 | €12,343 | €5,104 | -€7,239 | -58.6% |
| Current assets | 29/58 | €491,804 | €590,950 | +€99,145 | +20.2% |
| Amounts receivable within one year | 40/41 | €41,808 | €13,296 | -€28,511 | -68.2% |
| Trade receivables | 40 | €5,103 | €3,210 | -€1,892 | -37.1% |
| Other amounts receivable | 41 | €36,705 | €10,086 | -€26,619 | -72.5% |
| Cash at bank and in hand | 54/58 | €438,920 | €567,656 | +€128,736 | +29.3% |
| Deferred charges and accrued income | 490/1 | €11,077 | €9,997 | -€1,080 | -9.7% |
| Total equity and liabilities | 10/49 | €1,635,588 | €1,635,164 | -€425 | 0.0% |
| Equity | 10/15 | €1,117,230 | €1,042,813 | -€74,417 | -6.7% |
| Profit (loss) carried forward | 14 | €314,537 | €319,848 | +€5,311 | +1.7% |
| Investment grants | 15 | €802,693 | €722,965 | -€79,728 | -9.9% |
| Amounts payable | 17/49 | €518,359 | €592,351 | +€73,992 | +14.3% |
| Amounts payable after more than one year | 17 | €286,213 | €270,031 | -€16,182 | -5.7% |
| Financial debts | 170/4 | €286,213 | €270,031 | -€16,182 | -5.7% |
| Amounts payable within one year | 42/48 | €226,924 | €255,565 | +€28,641 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €15,959 | €16,182 | +€223 | +1.4% |
| Trade debts | 44 | €1,204 | €3,004 | +€1,800 | +149% |
| Suppliers | 440/4 | €1,204 | €3,004 | +€1,800 | +149% |
| Taxes, remuneration and social security | 45 | €61,605 | €86,710 | +€25,105 | +40.8% |
| Taxes | 450/3 | €11,087 | €10,918 | -€169 | -1.5% |
| Remuneration and social security | 454/9 | €50,518 | €75,793 | +€25,274 | +50.0% |
| Accrued charges and deferred income | 492/3 | €5,222 | €66,755 | +€61,534 | +1,178% |
| Goods, raw materials, services and sundry goods | 60/61 | €136,228 | €153,173 | +€16,945 | +12.4% |
| Remuneration, social security and pensions | 62 | €520,319 | €574,399 | +€54,080 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,998 | €100,360 | -€2,638 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €315 | +€315 | |
| Other operating charges | 640/8 | €2,643 | €3,139 | +€496 | +18.8% |
| Non-recurring operating charges | 66A | €65,400 | €158,579 | +€93,179 | +142% |
| Gross operating margin | 9900 | €563,450 | €766,613 | +€203,164 | +36.1% |
| Operating profit (loss) | 9901 | -€127,911 | -€70,179 | +€57,732 | +45.1% |
| Financial income | 75/76B | €82,635 | €79,728 | -€2,907 | -3.5% |
| Recurring financial income | 75 | €82,635 | €79,728 | -€2,907 | -3.5% |
| Financial charges | 65/66B | €4,472 | €4,238 | -€233 | -5.2% |
| Recurring financial charges | 65 | €4,472 | €4,238 | -€233 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€49,747 | €5,311 | +€55,059 | |
| Profit (loss) for the period | 9904 | -€49,747 | €5,311 | +€55,059 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,747 | €5,311 | +€55,059 |
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 27 October 2026 via checked.be.