F.H. SERVICES GENERAUX: 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.
F.H. SERVICES GENERAUX
Largest movements
- Tangible fixed assets -€54,181
down €54,181 (-4.3%), from €1.3m to €1.2m
of which Leasing and similar rights: -€62,567
- Receivables within one year -€32,894
down €32,894 (-15.7%), from €209,707 to €176,813
of which Trade receivables: -€44,795
- Trade debts -€204,930
down €204,930 (-51.6%), from €396,976 to €192,046
- Current portion of long-term debt +€56,596
up €56,596 (+58.9%), from €96,100 to €152,696
- Debts after one year +€30,800
up €30,800 (+4.3%), from €720,296 to €751,096
of which Financial debts: +€34,115
- Other debts -€26,425
down €26,425 (-99.1%), from €26,663 to €238
- Reserves +€24,000
up €24,000 (+25.8%), from €92,860 to €116,860
of which Distributable reserves: +€24,000
- Gross operating margin -€93,986
down €93,986 (-15.2%), from €616,568 to €522,582
- Staff costs -€23,852
down €23,852 (-7.4%), from €323,826 to €299,974
- Financial income +€20,516
up €20,516 (+47,175%), from €43 to €20,560
- Other operating charges +€19,087
up €19,087 (+98.7%), from €19,347 to €38,434
- Financial charges -€10,525
down €10,525 (-14.0%), from €75,117 to €64,592
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 | €1,507,507 | €1,438,410 | -€69,097 | -4.6% |
| Fixed assets | 21/28 | €1,252,108 | €1,197,182 | -€54,925 | -4.4% |
| Intangible fixed assets | 21 | €902 | €158 | -€744 | -82.5% |
| Tangible fixed assets | 22/27 | €1,251,086 | €1,196,905 | -€54,181 | -4.3% |
| Plant, machinery and equipment | 23 | €13,816 | €17,180 | +€3,364 | +24.3% |
| Furniture and vehicles | 24 | €8,085 | €13,106 | +€5,022 | +62.1% |
| Leasing and similar rights | 25 | €1,229,185 | €1,166,618 | -€62,567 | -5.1% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €255,400 | €241,228 | -€14,172 | -5.5% |
| Stocks and contracts in progress | 3 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Stocks | 30/36 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Amounts receivable within one year | 40/41 | €209,707 | €176,813 | -€32,894 | -15.7% |
| Trade receivables | 40 | €182,149 | €137,354 | -€44,795 | -24.6% |
| Other amounts receivable | 41 | €27,558 | €39,459 | +€11,901 | +43.2% |
| Cash at bank and in hand | 54/58 | €6,704 | €16,672 | +€9,968 | +149% |
| Deferred charges and accrued income | 490/1 | €18,989 | €22,744 | +€3,755 | +19.8% |
| Total equity and liabilities | 10/49 | €1,507,507 | €1,438,410 | -€69,097 | -4.6% |
| Equity | 10/15 | €112,320 | €158,567 | +€46,247 | +41.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,860 | €116,860 | +€24,000 | +25.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €91,000 | €115,000 | +€24,000 | +26.4% |
| Profit (loss) carried forward | 14 | €860 | €23,107 | +€22,247 | +2,587% |
| Amounts payable | 17/49 | €1,395,187 | €1,279,844 | -€115,344 | -8.3% |
| Amounts payable after more than one year | 17 | €720,296 | €751,096 | +€30,800 | +4.3% |
| Financial debts | 170/4 | €716,981 | €751,096 | +€34,115 | +4.8% |
| Other amounts payable | 178/9 | €3,315 | - | -€3,315 | |
| Amounts payable within one year | 42/48 | €658,101 | €507,234 | -€150,867 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €96,100 | €152,696 | +€56,596 | +58.9% |
| Financial debts | 43 | €102,176 | €116,795 | +€14,619 | +14.3% |
| Credit institutions | 430/8 | €102,176 | €116,795 | +€14,619 | +14.3% |
| Trade debts | 44 | €396,976 | €192,046 | -€204,930 | -51.6% |
| Suppliers | 440/4 | €396,976 | €192,046 | -€204,930 | -51.6% |
| Taxes, remuneration and social security | 45 | €36,185 | €45,459 | +€9,274 | +25.6% |
| Taxes | 450/3 | €828 | €479 | -€349 | -42.2% |
| Remuneration and social security | 454/9 | €35,356 | €44,979 | +€9,623 | +27.2% |
| Other amounts payable | 47/48 | €26,663 | €238 | -€26,425 | -99.1% |
| Accrued charges and deferred income | 492/3 | €16,791 | €21,514 | +€4,723 | +28.1% |
| Non-recurring operating income | 76A | €17,319 | €3,250 | -€14,069 | -81.2% |
| Remuneration, social security and pensions | 62 | €323,826 | €299,974 | -€23,852 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,445 | €73,809 | +€2,365 | +3.3% |
| Other operating charges | 640/8 | €19,347 | €38,434 | +€19,087 | +98.7% |
| Gross operating margin | 9900 | €616,568 | €522,582 | -€93,986 | -15.2% |
| Operating profit (loss) | 9901 | €201,951 | €110,365 | -€91,585 | -45.4% |
| Financial income | 75/76B | €43 | €20,560 | +€20,516 | +47,175% |
| Recurring financial income | 75 | €43 | €20,560 | +€20,516 | +47,175% |
| Financial charges | 65/66B | €75,117 | €64,592 | -€10,525 | -14.0% |
| Recurring financial charges | 65 | €75,117 | €64,592 | -€10,525 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €126,877 | €66,333 | -€60,544 | -47.7% |
| Income taxes | 67/77 | €22,769 | €20,086 | -€2,682 | -11.8% |
| Profit (loss) for the period | 9904 | €104,108 | €46,247 | -€57,862 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €104,108 | €46,247 | -€57,862 | -55.6% |
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 28 October 2026 via checked.be.