FH CONSULT: 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 CONSULT
Largest movements
- Receivables after one year -€1.6m
no longer reported in 2025 (was €1.6m)
- Cash -€343,605
down €343,605 (-66.3%), from €517,959 to €174,355
mainly Other debts (-€2.0m) and Investment in fixed assets (net) (-€133,400)
- Receivables within one year -€146,866
down €146,866 (-33.1%), from €443,508 to €296,643
of which Trade receivables: -€148,390
- Tangible fixed assets +€114,134
up €114,134 (+454%), from €25,127 to €139,262
- Other debts -€2.0m
down €2.0m (-79.6%), from €2.5m to €501,060
- Trade debts -€76,725
down €76,725 (-84.4%), from €90,943 to €14,218
- Reserves +€75,423
new in 2025: €75,423
- Financial income -€18,831
down €18,831 (-89.7%), from €20,988 to €2,157
- Depreciation +€13,129
up €13,129 (+214%), from €6,137 to €19,266
- Taxes -€9,245
down €9,245 (-30.2%), from €30,562 to €21,317
- Other operating charges -€5,159
down €5,159 (-79.0%), from €6,534 to €1,375
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 | €2,576,650 | €612,038 | -€2.0m | -76.2% |
| Fixed assets | 21/28 | €25,127 | €139,262 | +€114,134 | +454% |
| Tangible fixed assets | 22/27 | €25,127 | €139,262 | +€114,134 | +454% |
| Furniture and vehicles | 24 | €25,127 | €139,262 | +€114,134 | +454% |
| Current assets | 29/58 | €2,551,522 | €472,776 | -€2.1m | -81.5% |
| Amounts receivable after more than one year | 29 | €1,590,000 | - | -€1.6m | |
| Other amounts receivable | 291 | €1,590,000 | - | -€1.6m | |
| Amounts receivable within one year | 40/41 | €443,508 | €296,643 | -€146,866 | -33.1% |
| Trade receivables | 40 | €440,350 | €291,960 | -€148,390 | -33.7% |
| Other amounts receivable | 41 | €3,158 | €4,683 | +€1,524 | +48.3% |
| Cash at bank and in hand | 54/58 | €517,959 | €174,355 | -€343,605 | -66.3% |
| Deferred charges and accrued income | 490/1 | €55 | €1,778 | +€1,724 | +3,151% |
| Total equity and liabilities | 10/49 | €2,576,650 | €612,038 | -€2.0m | -76.2% |
| Equity | 10/15 | €18,600 | €94,023 | +€75,423 | +405% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €75,423 | +€75,423 | |
| Distributable reserves | 133 | - | €75,423 | +€75,423 | |
| Amounts payable | 17/49 | €2,558,050 | €518,015 | -€2.0m | -79.7% |
| Amounts payable within one year | 42/48 | €2,558,050 | €518,015 | -€2.0m | -79.7% |
| Trade debts | 44 | €90,943 | €14,218 | -€76,725 | -84.4% |
| Suppliers | 440/4 | €90,943 | €14,218 | -€76,725 | -84.4% |
| Taxes, remuneration and social security | 45 | €7,475 | €2,736 | -€4,739 | -63.4% |
| Taxes | 450/3 | €7,475 | €2,736 | -€4,739 | -63.4% |
| Other amounts payable | 47/48 | €2,459,632 | €501,060 | -€2.0m | -79.6% |
| Non-recurring operating income | 76A | €7,647 | - | -€7,647 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,137 | €19,266 | +€13,129 | +214% |
| Other operating charges | 640/8 | €6,534 | €1,375 | -€5,159 | -79.0% |
| Gross operating margin | 9900 | €116,541 | €116,629 | +€88 | +0.1% |
| Operating profit (loss) | 9901 | €103,869 | €95,988 | -€7,881 | -7.6% |
| Financial income | 75/76B | €20,988 | €2,157 | -€18,831 | -89.7% |
| Recurring financial income | 75 | €20,988 | €2,157 | -€18,831 | -89.7% |
| Financial charges | 65/66B | €900 | €572 | -€328 | -36.4% |
| Recurring financial charges | 65 | €900 | €572 | -€328 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €123,957 | €97,573 | -€26,384 | -21.3% |
| Income taxes | 67/77 | €30,562 | €21,317 | -€9,245 | -30.2% |
| Profit (loss) for the period | 9904 | €93,395 | €76,256 | -€17,139 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,395 | €76,256 | -€17,139 | -18.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.