F-H STYLE: 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 STYLE
Largest movements
- Receivables within one year +€35,257
up €35,257 (+560%), from €6,293 to €41,550
of which Trade receivables: +€35,437
- Cash -€5,340
down €5,340 (-82.9%), from €6,440 to €1,100
mainly Receivables within one year (-€35,257) and Net result for the year (-€5,710)
- Stocks and contracts +€674
up €674 (+9.0%), from €7,505 to €8,179
- Trade debts +€24,498
up €24,498 (+577%), from €4,242 to €28,741
- Advances received +€16,048
new in 2025: €16,048
- Profit (loss) carried forward -€5,710
down €5,710 (-79.4%), from €7,194 to €1,484
- Tax, wage and social debts -€4,296
down €4,296 (-57.3%), from €7,502 to €3,206
- Gross operating margin -€7,109
down €7,109, from €5,789 to -€1,321
- Staff costs +€4,237
new in 2025: €4,237
- Taxes -€780
down €780 (-60.9%), from €1,280 to €500
- Other operating charges -€642
down €642 (-91.7%), from €700 to €58
- Financial charges +€105
up €105 (+249%), from €42 to €147
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 | €20,239 | €50,829 | +€30,591 | +151% |
| Current assets | 29/58 | €20,239 | €50,829 | +€30,591 | +151% |
| Stocks and contracts in progress | 3 | €7,505 | €8,179 | +€674 | +9.0% |
| Stocks | 30/36 | €7,505 | €8,179 | +€674 | +9.0% |
| Amounts receivable within one year | 40/41 | €6,293 | €41,550 | +€35,257 | +560% |
| Trade receivables | 40 | €3,778 | €39,216 | +€35,437 | +938% |
| Other amounts receivable | 41 | €2,515 | €2,334 | -€181 | -7.2% |
| Cash at bank and in hand | 54/58 | €6,440 | €1,100 | -€5,340 | -82.9% |
| Total equity and liabilities | 10/49 | €20,239 | €50,829 | +€30,591 | +151% |
| Equity | 10/15 | €8,494 | €2,784 | -€5,710 | -67.2% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,194 | €1,484 | -€5,710 | -79.4% |
| Amounts payable | 17/49 | €11,744 | €48,045 | +€36,301 | +309% |
| Amounts payable within one year | 42/48 | €11,744 | €48,045 | +€36,301 | +309% |
| Trade debts | 44 | €4,242 | €28,741 | +€24,498 | +577% |
| Suppliers | 440/4 | €4,242 | €28,741 | +€24,498 | +577% |
| Advances received on contracts in progress | 46 | - | €16,048 | +€16,048 | |
| Taxes, remuneration and social security | 45 | €7,502 | €3,206 | -€4,296 | -57.3% |
| Taxes | 450/3 | €7,502 | €3,206 | -€4,296 | -57.3% |
| Other amounts payable | 47/48 | - | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | - | €4,237 | +€4,237 | |
| Other operating charges | 640/8 | €700 | €58 | -€642 | -91.7% |
| Gross operating margin | 9900 | €5,789 | -€1,321 | -€7,109 | |
| Operating profit (loss) | 9901 | €5,089 | -€5,616 | -€10,705 | |
| Financial income | 75/76B | €654 | €553 | -€102 | -15.5% |
| Recurring financial income | 75 | €654 | €553 | -€102 | -15.5% |
| Financial charges | 65/66B | €42 | €147 | +€105 | +249% |
| Recurring financial charges | 65 | €42 | €147 | +€105 | +249% |
| Profit (loss) for the period before taxes | 9903 | €5,701 | -€5,210 | -€10,911 | |
| Income taxes | 67/77 | €1,280 | €500 | -€780 | -60.9% |
| Profit (loss) for the period | 9904 | €4,421 | -€5,710 | -€10,131 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,421 | -€5,710 | -€10,131 |
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 14 October 2026 via checked.be.