F.H. 23: 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.
F.H. 23
Largest movements
- Tangible fixed assets -€11,839
down €11,839 (-10.6%), from €111,255 to €99,416
of which Furniture and vehicles: -€9,119
- Deferred charges and accrued income -€1,551
no longer reported in 2025 (was €1,551)
- Debts after one year -€19,191
down €19,191 (-21.7%), from €88,356 to €69,165
- Other debts +€14,598
up €14,598 (+8.9%), from €164,365 to €178,963
- Profit (loss) carried forward -€5,872
down €5,872 (-3.2%), from -€183,606 to -€189,479
- Trade debts -€3,867
no longer reported in 2025 (was €3,867)
- Write-downs -€7,062
no longer reported in 2025 (was €7,062)
- Gross operating margin -€3,837
down €3,837 (-24.8%), from €15,466 to €11,629
- Other operating charges -€2,279
down €2,279 (-57.5%), from €3,966 to €1,686
- Taxes -€2,047
down €2,047 (-99.5%), from €2,056 to €9
- Financial charges -€950
down €950 (-19.8%), from €4,790 to €3,840
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 | €115,853 | €102,941 | -€12,912 | -11.1% |
| Fixed assets | 21/28 | €111,305 | €99,466 | -€11,839 | -10.6% |
| Tangible fixed assets | 22/27 | €111,255 | €99,416 | -€11,839 | -10.6% |
| Land and buildings | 22 | €74,329 | €71,610 | -€2,719 | -3.7% |
| Furniture and vehicles | 24 | €36,926 | €27,807 | -€9,119 | -24.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €4,548 | €3,474 | -€1,073 | -23.6% |
| Amounts receivable within one year | 40/41 | €2,990 | €3,467 | +€478 | +16.0% |
| Trade receivables | 40 | €2,503 | €2,714 | +€211 | +8.4% |
| Other amounts receivable | 41 | €486 | €753 | +€267 | +54.8% |
| Cash at bank and in hand | 54/58 | €7 | €7 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,551 | - | -€1,551 | |
| Total equity and liabilities | 10/49 | €115,853 | €102,941 | -€12,912 | -11.1% |
| Equity | 10/15 | -€165,006 | -€170,879 | -€5,872 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,606 | -€189,479 | -€5,872 | -3.2% |
| Amounts payable | 17/49 | €280,859 | €273,819 | -€7,040 | -2.5% |
| Amounts payable after more than one year | 17 | €88,356 | €69,165 | -€19,191 | -21.7% |
| Financial debts | 170/4 | €88,356 | €69,165 | -€19,191 | -21.7% |
| Amounts payable within one year | 42/48 | €191,892 | €204,155 | +€12,263 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €18,434 | €19,191 | +€757 | +4.1% |
| Financial debts | 43 | €3,087 | €4,187 | +€1,100 | +35.6% |
| Credit institutions | 430/8 | €3,087 | €4,187 | +€1,100 | +35.6% |
| Trade debts | 44 | €3,867 | - | -€3,867 | |
| Suppliers | 440/4 | €3,867 | - | -€3,867 | |
| Taxes, remuneration and social security | 45 | €2,137 | €1,813 | -€324 | -15.2% |
| Taxes | 450/3 | €2,137 | €1,813 | -€324 | -15.2% |
| Other amounts payable | 47/48 | €164,365 | €178,963 | +€14,598 | +8.9% |
| Accrued charges and deferred income | 492/3 | €612 | €500 | -€112 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,390 | €11,839 | +€449 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,062 | - | -€7,062 | |
| Other operating charges | 640/8 | €3,966 | €1,686 | -€2,279 | -57.5% |
| Non-recurring operating charges | 66A | €63 | €127 | +€64 | +101.0% |
| Gross operating margin | 9900 | €15,466 | €11,629 | -€3,837 | -24.8% |
| Operating profit (loss) | 9901 | -€7,015 | -€2,023 | +€4,992 | +71.2% |
| Financial charges | 65/66B | €4,790 | €3,840 | -€950 | -19.8% |
| Recurring financial charges | 65 | €4,790 | €3,840 | -€950 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,804 | -€5,863 | +€5,942 | +50.3% |
| Income taxes | 67/77 | €2,056 | €9 | -€2,047 | -99.5% |
| Profit (loss) for the period | 9904 | -€13,861 | -€5,872 | +€7,989 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,861 | -€5,872 | +€7,989 | +57.6% |
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 8 October 2026 via checked.be.