FH 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 Group
Largest movements
- Cash +€19,200
up €19,200 (+136%), from €14,085 to €33,284
mainly Net result for the year (+€32,022) and Trade debts (+€9,569)
- Tangible fixed assets +€14,072
up €14,072 (+332%), from €4,242 to €18,314
of which Furniture and vehicles: +€13,762
- Receivables within one year -€2,405
down €2,405 (-3.9%), from €61,610 to €59,205
of which Trade receivables: -€2,323
- Intangible fixed assets +€2,084
new in 2024: €2,084
- Profit (loss) carried forward +€16,099
up €16,099, from -€15,578 to €521
- Reserves +€12,000
new in 2024: €12,000
- Debts after one year -€10,667
down €10,667 (-53.3%), from €20,000 to €9,333
- Trade debts +€9,569
up €9,569 (+26.8%), from €35,685 to €45,254
- Other debts -€8,707
down €8,707 (-71.5%), from €12,177 to €3,470
- Gross operating margin +€33,927
up €33,927 (+124%), from €27,354 to €61,280
- Taxes +€7,235
up €7,235 (+96.0%), from €7,535 to €14,770
- Depreciation +€3,283
up €3,283 (+355%), from €924 to €4,207
- Other operating charges +€2,241
up €2,241 (+58.3%), from €3,847 to €6,088
- Financial charges +€1,551
up €1,551 (+239%), from €648 to €2,198
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,937 | €112,888 | +€32,951 | +41.2% |
| Fixed assets | 21/28 | €4,242 | €20,399 | +€16,157 | +381% |
| Intangible fixed assets | 21 | - | €2,084 | +€2,084 | |
| Tangible fixed assets | 22/27 | €4,242 | €18,314 | +€14,072 | +332% |
| Plant, machinery and equipment | 23 | €2,051 | €2,362 | +€311 | +15.1% |
| Furniture and vehicles | 24 | €2,190 | €15,952 | +€13,762 | +628% |
| Current assets | 29/58 | €75,695 | €92,490 | +€16,795 | +22.2% |
| Amounts receivable within one year | 40/41 | €61,610 | €59,205 | -€2,405 | -3.9% |
| Trade receivables | 40 | €55,323 | €53,000 | -€2,323 | -4.2% |
| Other amounts receivable | 41 | €6,288 | €6,205 | -€82 | -1.3% |
| Cash at bank and in hand | 54/58 | €14,085 | €33,284 | +€19,200 | +136% |
| Total equity and liabilities | 10/49 | €79,937 | €112,888 | +€32,951 | +41.2% |
| Equity | 10/15 | €3,022 | €31,121 | +€28,099 | +930% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €12,000 | +€12,000 | |
| Distributable reserves | 133 | - | €12,000 | +€12,000 | |
| Profit (loss) carried forward | 14 | -€15,578 | €521 | +€16,099 | |
| Amounts payable | 17/49 | €76,915 | €81,768 | +€4,853 | +6.3% |
| Amounts payable after more than one year | 17 | €20,000 | €9,333 | -€10,667 | -53.3% |
| Financial debts | 170/4 | €20,000 | €9,333 | -€10,667 | -53.3% |
| Amounts payable within one year | 42/48 | €56,915 | €72,435 | +€15,520 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,321 | +€7,321 | |
| Financial debts | 43 | - | €1,575 | +€1,575 | |
| Credit institutions | 430/8 | - | €1,575 | +€1,575 | |
| Trade debts | 44 | €35,685 | €45,254 | +€9,569 | +26.8% |
| Suppliers | 440/4 | €35,685 | €45,254 | +€9,569 | +26.8% |
| Taxes, remuneration and social security | 45 | €9,053 | €14,815 | +€5,761 | +63.6% |
| Taxes | 450/3 | €9,053 | €13,855 | +€4,801 | +53.0% |
| Remuneration and social security | 454/9 | - | €960 | +€960 | |
| Other amounts payable | 47/48 | €12,177 | €3,470 | -€8,707 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €924 | €4,207 | +€3,283 | +355% |
| Other operating charges | 640/8 | €3,847 | €6,088 | +€2,241 | +58.3% |
| Non-recurring operating charges | 66A | - | €2,000 | +€2,000 | |
| Gross operating margin | 9900 | €27,354 | €61,280 | +€33,927 | +124% |
| Operating profit (loss) | 9901 | €22,583 | €48,985 | +€26,403 | +117% |
| Financial income | 75/76B | €37 | €5 | -€32 | -87.3% |
| Recurring financial income | 75 | €37 | €5 | -€32 | -87.3% |
| Financial charges | 65/66B | €648 | €2,198 | +€1,551 | +239% |
| Recurring financial charges | 65 | €648 | €2,198 | +€1,551 | +239% |
| Profit (loss) for the period before taxes | 9903 | €21,972 | €46,791 | +€24,820 | +113% |
| Income taxes | 67/77 | €7,535 | €14,770 | +€7,235 | +96.0% |
| Profit (loss) for the period | 9904 | €14,437 | €32,022 | +€17,585 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €14,437 | €32,022 | +€17,585 | +122% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.