FH Finance: 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 Finance
Largest movements
- Tangible fixed assets +€77,335
up €77,335 (+477%), from €16,203 to €93,538
of which Furniture and vehicles: +€71,749
- Receivables within one year +€13,684
up €13,684 (+44.9%), from €30,443 to €44,127
of which Trade receivables: +€12,127
- Current investments +€5,939
up €5,939 (+38.7%), from €15,343 to €21,283
- Reserves +€118,194
up €118,194 (+6,355%), from €1,860 to €120,054
of which Distributable reserves: +€120,054
- Other debts -€66,153
down €66,153 (-50.9%), from €130,000 to €63,847
- Debts after one year +€47,562
up €47,562 (+130%), from €36,567 to €84,129
- Tax, wage and social debts -€10,884
down €10,884 (-39.3%), from €27,663 to €16,779
of which Taxes: -€11,014
- Current portion of long-term debt +€7,334
up €7,334 (+25.1%), from €29,162 to €36,496
- Gross operating margin +€93,615
up €93,615 (+50.5%), from €185,237 to €278,852
- Taxes +€30,537
up €30,537 (+70.8%), from €43,104 to €73,641
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 | €254,262 | €348,998 | +€94,736 | +37.3% |
| Fixed assets | 21/28 | €156,253 | €233,588 | +€77,335 | +49.5% |
| Tangible fixed assets | 22/27 | €16,203 | €93,538 | +€77,335 | +477% |
| Furniture and vehicles | 24 | €16,203 | €87,952 | +€71,749 | +443% |
| Other tangible fixed assets | 26 | - | €5,586 | +€5,586 | |
| Financial fixed assets | 28 | €140,050 | €140,050 | = | 0.0% |
| Current assets | 29/58 | €98,009 | €115,410 | +€17,401 | +17.8% |
| Amounts receivable within one year | 40/41 | €30,443 | €44,127 | +€13,684 | +44.9% |
| Trade receivables | 40 | - | €12,127 | +€12,127 | |
| Other amounts receivable | 41 | €30,443 | €32,000 | +€1,557 | +5.1% |
| Current investments | 50/53 | €15,343 | €21,283 | +€5,939 | +38.7% |
| Cash at bank and in hand | 54/58 | €50,651 | €50,001 | -€650 | -1.3% |
| Deferred charges and accrued income | 490/1 | €1,573 | €0 | -€1,573 | -100% |
| Total equity and liabilities | 10/49 | €254,262 | €348,998 | +€94,736 | +37.3% |
| Equity | 10/15 | €20,843 | €138,654 | +€117,811 | +565% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €120,054 | +€118,194 | +6,355% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €120,054 | +€120,054 | |
| Profit (loss) carried forward | 14 | €383 | €0 | -€383 | -100% |
| Amounts payable | 17/49 | €233,419 | €210,345 | -€23,075 | -9.9% |
| Amounts payable after more than one year | 17 | €36,567 | €84,129 | +€47,562 | +130% |
| Financial debts | 170/4 | €36,567 | €84,129 | +€47,562 | +130% |
| Amounts payable within one year | 42/48 | €196,561 | €123,870 | -€72,691 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €29,162 | €36,496 | +€7,334 | +25.1% |
| Financial debts | 43 | €6,886 | €5,055 | -€1,831 | -26.6% |
| Credit institutions | 430/8 | €6,886 | - | -€6,886 | |
| Other loans | 439 | - | €5,055 | +€5,055 | |
| Trade debts | 44 | €2,851 | €1,693 | -€1,158 | -40.6% |
| Suppliers | 440/4 | €2,851 | €1,693 | -€1,158 | -40.6% |
| Taxes, remuneration and social security | 45 | €27,663 | €16,779 | -€10,884 | -39.3% |
| Taxes | 450/3 | €24,591 | €13,577 | -€11,014 | -44.8% |
| Remuneration and social security | 454/9 | €3,072 | €3,202 | +€130 | +4.2% |
| Other amounts payable | 47/48 | €130,000 | €63,847 | -€66,153 | -50.9% |
| Accrued charges and deferred income | 492/3 | €291 | €2,345 | +€2,055 | +707% |
| Non-recurring operating income | 76A | - | €18,699 | +€18,699 | |
| Remuneration, social security and pensions | 62 | €18,088 | €19,058 | +€970 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,623 | €12,875 | +€252 | +2.0% |
| Other operating charges | 640/8 | €1,357 | €2,913 | +€1,555 | +115% |
| Gross operating margin | 9900 | €185,237 | €278,852 | +€93,615 | +50.5% |
| Operating profit (loss) | 9901 | €153,169 | €244,006 | +€90,837 | +59.3% |
| Financial income | 75/76B | €2,415 | €699 | -€1,716 | -71.1% |
| Recurring financial income | 75 | €2,415 | €699 | -€1,716 | -71.1% |
| Financial charges | 65/66B | €2,545 | €3,253 | +€708 | +27.8% |
| Recurring financial charges | 65 | €2,545 | €3,253 | +€708 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €153,038 | €241,452 | +€88,414 | +57.8% |
| Income taxes | 67/77 | €43,104 | €73,641 | +€30,537 | +70.8% |
| Profit (loss) for the period | 9904 | €109,934 | €167,811 | +€57,877 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €109,934 | €167,811 | +€57,877 | +52.6% |
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 30 October 2026 via checked.be.