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.
Helios
Largest movements
- Receivables within one year -€84,728
down €84,728 (-21.0%), from €403,400 to €318,673
of which Other amounts receivable: -€87,779
- Tangible fixed assets +€35,772
up €35,772 (+18.9%), from €188,826 to €224,598
of which Land and buildings: +€36,773
- Cash +€12,490
up €12,490 (+11.4%), from €109,878 to €122,368
mainly Debts after one year (+€150,580) and Receivables within one year (+€84,728)
- Deferred charges and accrued income -€9,191
down €9,191 (-89.0%), from €10,332 to €1,141
- Other debts -€254,845
down €254,845 (-86.0%), from €296,275 to €41,430
- Debts after one year +€150,580
up €150,580 (+118%), from €128,016 to €278,595
- Reserves +€45,361
up €45,361 (+97.1%), from €46,725 to €92,086
- Current portion of long-term debt +€24,420
up €24,420 (+316%), from €7,723 to €32,143
- Gross operating margin +€18,830
up €18,830 (+27.7%), from €67,865 to €86,696
- Financial charges +€6,767
up €6,767 (+129%), from €5,259 to €12,026
- Taxes +€2,480
up €2,480 (+10.9%), from €22,834 to €25,314
- Depreciation +€2,027
up €2,027 (+25.4%), from €7,981 to €10,008
- Other operating charges +€878
up €878 (+32.8%), from €2,676 to €3,554
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 | €712,436 | €666,779 | -€45,657 | -6.4% |
| Fixed assets | 21/28 | €188,826 | €224,598 | +€35,772 | +18.9% |
| Tangible fixed assets | 22/27 | €188,826 | €224,598 | +€35,772 | +18.9% |
| Land and buildings | 22 | €187,267 | €224,039 | +€36,773 | +19.6% |
| Plant, machinery and equipment | 23 | €790 | €158 | -€632 | -80.0% |
| Furniture and vehicles | 24 | €768 | €400 | -€369 | -48.0% |
| Current assets | 29/58 | €523,611 | €442,182 | -€81,429 | -15.6% |
| Amounts receivable within one year | 40/41 | €403,400 | €318,673 | -€84,728 | -21.0% |
| Trade receivables | 40 | €22,104 | €25,156 | +€3,052 | +13.8% |
| Other amounts receivable | 41 | €381,296 | €293,517 | -€87,779 | -23.0% |
| Cash at bank and in hand | 54/58 | €109,878 | €122,368 | +€12,490 | +11.4% |
| Deferred charges and accrued income | 490/1 | €10,332 | €1,141 | -€9,191 | -89.0% |
| Total equity and liabilities | 10/49 | €712,436 | €666,779 | -€45,657 | -6.4% |
| Equity | 10/15 | €251,725 | €297,086 | +€45,361 | +18.0% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Reserves | 13 | €46,725 | €92,086 | +€45,361 | +97.1% |
| Distributable reserves | 133 | €46,725 | €92,086 | +€45,361 | +97.1% |
| Amounts payable | 17/49 | €460,711 | €369,693 | -€91,018 | -19.8% |
| Amounts payable after more than one year | 17 | €128,016 | €278,595 | +€150,580 | +118% |
| Financial debts | 170/4 | €128,016 | €278,595 | +€150,580 | +118% |
| Amounts payable within one year | 42/48 | €332,696 | €91,098 | -€241,598 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | €7,723 | €32,143 | +€24,420 | +316% |
| Trade debts | 44 | €10,342 | €3,605 | -€6,737 | -65.1% |
| Suppliers | 440/4 | €10,342 | €3,605 | -€6,737 | -65.1% |
| Advances received on contracts in progress | 46 | - | €1,609 | +€1,609 | |
| Taxes, remuneration and social security | 45 | €18,356 | €12,311 | -€6,045 | -32.9% |
| Taxes | 450/3 | €18,356 | €12,311 | -€6,045 | -32.9% |
| Other amounts payable | 47/48 | €296,275 | €41,430 | -€254,845 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,981 | €10,008 | +€2,027 | +25.4% |
| Other operating charges | 640/8 | €2,676 | €3,554 | +€878 | +32.8% |
| Gross operating margin | 9900 | €67,865 | €86,696 | +€18,830 | +27.7% |
| Operating profit (loss) | 9901 | €57,209 | €73,134 | +€15,925 | +27.8% |
| Financial income | 75/76B | €9,287 | €9,567 | +€281 | +3.0% |
| Recurring financial income | 75 | €9,287 | €9,567 | +€281 | +3.0% |
| Financial charges | 65/66B | €5,259 | €12,026 | +€6,767 | +129% |
| Recurring financial charges | 65 | €5,259 | €12,026 | +€6,767 | +129% |
| Profit (loss) for the period before taxes | 9903 | €61,236 | €70,676 | +€9,439 | +15.4% |
| Income taxes | 67/77 | €22,834 | €25,314 | +€2,480 | +10.9% |
| Profit (loss) for the period | 9904 | €38,402 | €45,361 | +€6,959 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,402 | €45,361 | +€6,959 | +18.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.