FH Estate Group: 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 Estate Group
Largest movements
- Cash -€23,788
down €23,788 (-82.3%), from €28,922 to €5,133
mainly Net result for the year (-€30,552) and Tax, wage and social debts (-€16,395)
- Receivables within one year -€20,916
down €20,916 (-89.9%), from €23,264 to €2,348
of which Trade receivables: -€20,423
- Tangible fixed assets -€16,499
down €16,499 (-72.6%), from €22,716 to €6,217
- Profit (loss) carried forward -€30,552
down €30,552 (-130%), from -€23,452 to -€54,004
- Tax, wage and social debts -€16,395
down €16,395 (-99.2%), from €16,531 to €136
of which Remuneration and social security: -€9,151
- Debts after one year -€12,104
down €12,104 (-79.5%), from €15,216 to €3,113
- Other debts -€6,076
down €6,076 (-77.2%), from €7,866 to €1,790
- Trade debts +€3,383
up €3,383 (+427%), from €793 to €4,176
- Gross operating margin -€41,601
down €41,601, from €32,866 to -€8,734
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 | €75,053 | €13,847 | -€61,206 | -81.6% |
| Fixed assets | 21/28 | €22,716 | €6,217 | -€16,499 | -72.6% |
| Tangible fixed assets | 22/27 | €22,716 | €6,217 | -€16,499 | -72.6% |
| Furniture and vehicles | 24 | €22,716 | €6,217 | -€16,499 | -72.6% |
| Current assets | 29/58 | €52,337 | €7,630 | -€44,707 | -85.4% |
| Amounts receivable within one year | 40/41 | €23,264 | €2,348 | -€20,916 | -89.9% |
| Trade receivables | 40 | €20,423 | €0 | -€20,423 | -100% |
| Other amounts receivable | 41 | €2,841 | €2,348 | -€493 | -17.4% |
| Cash at bank and in hand | 54/58 | €28,922 | €5,133 | -€23,788 | -82.3% |
| Deferred charges and accrued income | 490/1 | €151 | €149 | -€3 | -1.9% |
| Total equity and liabilities | 10/49 | €75,053 | €13,847 | -€61,206 | -81.6% |
| Equity | 10/15 | €23,081 | -€7,471 | -€30,552 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €44,533 | €44,533 | = | 0.0% |
| Distributable reserves | 133 | €44,533 | €44,533 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,452 | -€54,004 | -€30,552 | -130% |
| Amounts payable | 17/49 | €51,971 | €21,318 | -€30,653 | -59.0% |
| Amounts payable after more than one year | 17 | €15,216 | €3,113 | -€12,104 | -79.5% |
| Financial debts | 170/4 | €15,216 | €3,113 | -€12,104 | -79.5% |
| Amounts payable within one year | 42/48 | €36,755 | €18,205 | -€18,550 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €11,566 | €12,104 | +€538 | +4.6% |
| Trade debts | 44 | €793 | €4,176 | +€3,383 | +427% |
| Suppliers | 440/4 | €793 | €4,176 | +€3,383 | +427% |
| Taxes, remuneration and social security | 45 | €16,531 | €136 | -€16,395 | -99.2% |
| Taxes | 450/3 | €7,244 | €0 | -€7,244 | -100% |
| Remuneration and social security | 454/9 | €9,287 | €136 | -€9,151 | -98.5% |
| Other amounts payable | 47/48 | €7,866 | €1,790 | -€6,076 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,664 | €18,794 | +€130 | +0.7% |
| Other operating charges | 640/8 | €1,046 | €1,106 | +€60 | +5.7% |
| Gross operating margin | 9900 | €32,866 | -€8,734 | -€41,601 | |
| Operating profit (loss) | 9901 | €13,157 | -€28,634 | -€41,791 | |
| Financial charges | 65/66B | €2,074 | €1,749 | -€325 | -15.7% |
| Recurring financial charges | 65 | €2,074 | €1,749 | -€325 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €11,082 | -€30,384 | -€41,466 | |
| Income taxes | 67/77 | €182 | €169 | -€13 | -7.1% |
| Profit (loss) for the period | 9904 | €10,901 | -€30,552 | -€41,453 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,901 | -€30,552 | -€41,453 |
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 30 October 2026 via checked.be.