FH 23: 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.
FH 23
Largest movements
- Receivables within one year +€9,716
up €9,716 (+846.9%), from €1,147 to €10,863
of which Other amounts receivable: +€10,863
- Cash -€3,533
down €3,533 (-88.2%), from €4,005 to €472
mainly Receivables within one year (-€9,716) and Trade debts (-€3,675)
- Profit (loss) carried forward +€10,216
up €10,216 (+90.2%), from -€11,324 to -€1,108
- Trade debts -€3,675
no longer reported in 2025 (was €3,675)
- Financial income +€15,294
new in 2025: €15,294
of which Non-recurring financial income: +€15,000
- Staff costs +€11,128
up €11,128 (+40.5%), from €27,471 to €38,599
- Gross operating margin -€4,574
down €4,574 (-9.8%), from €46,822 to €42,248
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 | €15,502 | €21,843 | +€6,341 | +40.9% |
| Fixed assets | 21/28 | €7,261 | €7,420 | +€159 | +2.2% |
| Tangible fixed assets | 22/27 | €7,261 | €7,420 | +€159 | +2.2% |
| Plant, machinery and equipment | 23 | €7,261 | €7,420 | +€159 | +2.2% |
| Current assets | 29/58 | €8,241 | €14,424 | +€6,183 | +75.0% |
| Stocks and contracts in progress | 3 | €3,089 | €3,089 | = | 0.0% |
| Stocks | 30/36 | €3,089 | €3,089 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,147 | €10,863 | +€9,716 | +846.9% |
| Trade receivables | 40 | €1,147 | - | -€1,147 | |
| Other amounts receivable | 41 | - | €10,863 | +€10,863 | |
| Cash at bank and in hand | 54/58 | €4,005 | €472 | -€3,533 | -88.2% |
| Total equity and liabilities | 10/49 | €15,502 | €21,843 | +€6,341 | +40.9% |
| Equity | 10/15 | €8,676 | €18,892 | +€10,216 | +117.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,324 | -€1,108 | +€10,216 | +90.2% |
| Amounts payable | 17/49 | €6,827 | €2,952 | -€3,875 | -56.8% |
| Amounts payable within one year | 42/48 | €4,827 | €952 | -€3,875 | -80.3% |
| Trade debts | 44 | €3,675 | - | -€3,675 | |
| Suppliers | 440/4 | €3,675 | - | -€3,675 | |
| Taxes, remuneration and social security | 45 | €1,125 | €952 | -€173 | -15.4% |
| Taxes | 450/3 | €1,125 | €952 | -€173 | -15.4% |
| Other amounts payable | 47/48 | €26 | - | -€26 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €27,471 | €38,599 | +€11,128 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,632 | €2,743 | +€112 | +4.2% |
| Other operating charges | 640/8 | €392 | €524 | +€132 | +33.7% |
| Gross operating margin | 9900 | €46,822 | €42,248 | -€4,574 | -9.8% |
| Operating profit (loss) | 9901 | €16,327 | €382 | -€15,945 | -97.7% |
| Financial income | 75/76B | - | €15,294 | +€15,294 | |
| Recurring financial income | 75 | - | €294 | +€294 | |
| Non-recurring financial income | 76B | - | €15,000 | +€15,000 | |
| Financial charges | 65/66B | €5,225 | €5,460 | +€235 | +4.5% |
| Recurring financial charges | 65 | €5,225 | €5,460 | +€235 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €11,102 | €10,216 | -€886 | -8.0% |
| Profit (loss) for the period | 9904 | €11,102 | €10,216 | -€886 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,102 | €10,216 | -€886 | -8.0% |
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 10 October 2026 via checked.be.