P-Helios: 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.
P-Helios
Largest movements
- Cash -€4,440
down €4,440 (-9.0%), from €49,242 to €44,801
mainly Contributions, distributions and other (-€12,387) and Other debts (-€10,823)
- Deferred charges and accrued income -€2,694
down €2,694 (-89.9%), from €2,997 to €303
- Other debts -€10,823
down €10,823 (-46.6%), from €23,211 to €12,387
- Gross operating margin +€18,808
up €18,808 (+330.7%), from €5,687 to €24,495
- Taxes +€6,501
up €6,501 (+285.0%), from €2,281 to €8,783
- Depreciation -€3,479
down €3,479 (-41.5%), from €8,394 to €4,915
- Financial charges +€300
new in 2025: €300
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 | €215,435 | €206,686 | -€8,749 | -4.1% |
| Fixed assets | 21/28 | €21,919 | €20,490 | -€1,429 | -6.5% |
| Tangible fixed assets | 22/27 | €21,919 | €20,490 | -€1,429 | -6.5% |
| Land and buildings | 22 | €935 | - | -€935 | |
| Plant, machinery and equipment | 23 | €17,218 | €15,005 | -€2,212 | -12.8% |
| Furniture and vehicles | 24 | €3,766 | €5,485 | +€1,719 | +45.6% |
| Current assets | 29/58 | €193,517 | €186,196 | -€7,321 | -3.8% |
| Amounts receivable after more than one year | 29 | €115,000 | €115,000 | = | 0.0% |
| Other amounts receivable | 291 | €115,000 | €115,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,279 | €26,092 | -€186 | -0.7% |
| Trade receivables | 40 | €2,990 | €2,990 | = | 0.0% |
| Other amounts receivable | 41 | €23,289 | €23,102 | -€186 | -0.8% |
| Cash at bank and in hand | 54/58 | €49,242 | €44,801 | -€4,440 | -9.0% |
| Deferred charges and accrued income | 490/1 | €2,997 | €303 | -€2,694 | -89.9% |
| Total equity and liabilities | 10/49 | €215,435 | €206,686 | -€8,749 | -4.1% |
| Equity | 10/15 | €184,260 | €186,006 | +€1,746 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,733 | €130,479 | +€1,746 | +1.4% |
| Tax-exempt reserves | 132 | €121 | €121 | = | 0.0% |
| Distributable reserves | 133 | €128,612 | €130,358 | +€1,746 | +1.4% |
| Profit (loss) carried forward | 14 | €36,927 | €36,927 | = | 0.0% |
| Amounts payable | 17/49 | €31,175 | €20,680 | -€10,495 | -33.7% |
| Amounts payable within one year | 42/48 | €31,175 | €20,680 | -€10,495 | -33.7% |
| Trade debts | 44 | €888 | €596 | -€292 | -32.9% |
| Suppliers | 440/4 | €888 | €596 | -€292 | -32.9% |
| Taxes, remuneration and social security | 45 | €7,077 | €7,696 | +€620 | +8.8% |
| Taxes | 450/3 | €7,077 | €7,696 | +€620 | +8.8% |
| Other amounts payable | 47/48 | €23,211 | €12,387 | -€10,823 | -46.6% |
| Non-recurring operating income | 76A | - | €11,272 | +€11,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,394 | €4,915 | -€3,479 | -41.5% |
| Other operating charges | 640/8 | €647 | €568 | -€78 | -12.1% |
| Gross operating margin | 9900 | €5,687 | €24,495 | +€18,808 | +330.7% |
| Operating profit (loss) | 9901 | -€3,354 | €19,012 | +€22,366 | |
| Financial income | 75/76B | €4,110 | €4,204 | +€94 | +2.3% |
| Recurring financial income | 75 | €4,110 | €4,204 | +€94 | +2.3% |
| Financial charges | 65/66B | - | €300 | +€300 | |
| Recurring financial charges | 65 | - | €300 | +€300 | |
| Profit (loss) for the period before taxes | 9903 | €756 | €22,916 | +€22,160 | +2931.3% |
| Transfer from deferred taxes | 780 | €451 | - | -€451 | |
| Income taxes | 67/77 | €2,281 | €8,783 | +€6,501 | +285.0% |
| Profit (loss) for the period | 9904 | -€1,074 | €14,133 | +€15,207 | |
| Transfer from tax-exempt reserves | 789 | €1,805 | - | -€1,805 | |
| Profit (loss) for the period to be appropriated | 9905 | €731 | €14,133 | +€13,402 | +1833.6% |
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 11 October 2026 via checked.be.