FFH GROUP: 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.
FFH GROUP
Largest movements
- Receivables within one year -€55,556
down €55,556 (-59.3%), from €93,666 to €38,111
of which Trade receivables: -€64,965
- Cash -€15,479
down €15,479 (-89.7%), from €17,257 to €1,779
mainly Other debts (-€51,697) and Trade debts (-€30,572)
- Tangible fixed assets +€6,559
up €6,559 (+21.3%), from €30,780 to €37,339
of which Furniture and vehicles: +€8,059
- Other debts -€51,697
no longer reported in 2025 (was €51,697)
- Trade debts -€30,572
down €30,572 (-46.4%), from €65,826 to €35,254
- Tax, wage and social debts +€10,012
up €10,012 (+206.3%), from €4,852 to €14,865
- Profit (loss) carried forward +€7,396
up €7,396 (+42.0%), from €17,599 to €24,995
- Purchases and services +€49,593
up €49,593 (+47.9%), from €103,459 to €153,052
- Turnover +€27,686
up €27,686 (+18.2%), from €151,932 to €179,619
- Gross operating margin -€16,275
down €16,275 (-31.6%), from €51,441 to €35,166
- Depreciation +€13,321
up €13,321 (+247.2%), from €5,388 to €18,710
- Other operating charges +€3,450
up €3,450 (+184.0%), from €1,876 to €5,326
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 | €142,474 | €77,613 | -€64,861 | -45.5% |
| Formation expenses | 20 | €770 | €385 | -€386 | -50.1% |
| Fixed assets | 21/28 | €30,780 | €37,339 | +€6,559 | +21.3% |
| Tangible fixed assets | 22/27 | €30,780 | €37,339 | +€6,559 | +21.3% |
| Plant, machinery and equipment | 23 | €1,500 | - | -€1,500 | |
| Furniture and vehicles | 24 | €29,280 | €37,339 | +€8,059 | +27.5% |
| Current assets | 29/58 | €110,924 | €39,889 | -€71,034 | -64.0% |
| Amounts receivable within one year | 40/41 | €93,666 | €38,111 | -€55,556 | -59.3% |
| Trade receivables | 40 | €90,411 | €25,446 | -€64,965 | -71.9% |
| Other amounts receivable | 41 | €3,255 | €12,664 | +€9,409 | +289.1% |
| Cash at bank and in hand | 54/58 | €17,257 | €1,779 | -€15,479 | -89.7% |
| Total equity and liabilities | 10/49 | €142,474 | €77,613 | -€64,861 | -45.5% |
| Equity | 10/15 | €20,099 | €27,495 | +€7,396 | +36.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,599 | €24,995 | +€7,396 | +42.0% |
| Amounts payable | 17/49 | €122,375 | €50,119 | -€72,257 | -59.0% |
| Amounts payable within one year | 42/48 | €122,375 | €50,119 | -€72,257 | -59.0% |
| Trade debts | 44 | €65,826 | €35,254 | -€30,572 | -46.4% |
| Suppliers | 440/4 | €65,826 | €35,254 | -€30,572 | -46.4% |
| Taxes, remuneration and social security | 45 | €4,852 | €14,865 | +€10,012 | +206.3% |
| Taxes | 450/3 | €4,852 | €14,865 | +€10,012 | +206.3% |
| Other amounts payable | 47/48 | €51,697 | - | -€51,697 | |
| Turnover | 70 | €151,932 | €179,619 | +€27,686 | +18.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €103,459 | €153,052 | +€49,593 | +47.9% |
| Remuneration, social security and pensions | 62 | - | €941 | +€941 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,388 | €18,710 | +€13,321 | +247.2% |
| Other operating charges | 640/8 | €1,876 | €5,326 | +€3,450 | +184.0% |
| Gross operating margin | 9900 | €51,441 | €35,166 | -€16,275 | -31.6% |
| Operating profit (loss) | 9901 | €44,177 | €10,189 | -€33,987 | -76.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €100 | €141 | +€41 | +41.2% |
| Recurring financial charges | 65 | €100 | €141 | +€41 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €44,077 | €10,048 | -€34,029 | -77.2% |
| Income taxes | 67/77 | €4,852 | €2,652 | -€2,200 | -45.3% |
| Profit (loss) for the period | 9904 | €39,224 | €7,396 | -€31,829 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,224 | €7,396 | -€31,829 | -81.1% |
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 3 October 2026 via checked.be.