FH IMPACT MANAGEMENT: 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 IMPACT MANAGEMENT
Largest movements
- Financial fixed assets +€400,000
up €400,000 (+66.7%), from €599,981 to €999,981
- Cash +€131,047
up €131,047 (+200%), from €65,681 to €196,727
mainly Debts after one year (+€719,557) and Net result for the year (+€190,242)
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year -€41,126
down €41,126 (-51.0%), from €80,682 to €39,556
of which Trade receivables: -€42,286
- Deferred charges and accrued income +€30,969
up €30,969 (+2,057%), from €1,506 to €32,475
- Debts after one year +€719,557
new in 2025: €719,557
- Other debts -€296,599
down €296,599 (-100%), from €296,599 to €0
- Profit (loss) carried forward +€190,242
up €190,242 (+62.1%), from €306,482 to €496,724
- Financial charges +€37,019
up €37,019 (+410%), from €9,018 to €46,037
- Gross operating margin -€11,068
down €11,068 (-3.5%), from €314,458 to €303,390
- Taxes -€6,510
down €6,510 (-9.0%), from €72,058 to €65,548
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 | €748,271 | €1,370,797 | +€622,526 | +83.2% |
| Fixed assets | 21/28 | €600,403 | €1,002,039 | +€401,636 | +66.9% |
| Tangible fixed assets | 22/27 | €422 | €2,058 | +€1,636 | +388% |
| Furniture and vehicles | 24 | €422 | €2,058 | +€1,636 | +388% |
| Financial fixed assets | 28 | €599,981 | €999,981 | +€400,000 | +66.7% |
| Current assets | 29/58 | €147,868 | €368,759 | +€220,890 | +149% |
| Amounts receivable within one year | 40/41 | €80,682 | €39,556 | -€41,126 | -51.0% |
| Trade receivables | 40 | €80,682 | €38,396 | -€42,286 | -52.4% |
| Other amounts receivable | 41 | - | €1,161 | +€1,161 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €65,681 | €196,727 | +€131,047 | +200% |
| Deferred charges and accrued income | 490/1 | €1,506 | €32,475 | +€30,969 | +2,057% |
| Total equity and liabilities | 10/49 | €748,271 | €1,370,797 | +€622,526 | +83.2% |
| Equity | 10/15 | €309,482 | €499,724 | +€190,242 | +61.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,482 | €496,724 | +€190,242 | +62.1% |
| Amounts payable | 17/49 | €438,789 | €871,074 | +€432,285 | +98.5% |
| Amounts payable after more than one year | 17 | - | €719,557 | +€719,557 | |
| Other amounts payable | 178/9 | - | €719,557 | +€719,557 | |
| Amounts payable within one year | 42/48 | €438,789 | €151,516 | -€287,273 | -65.5% |
| Trade debts | 44 | €2,637 | €3,958 | +€1,322 | +50.1% |
| Suppliers | 440/4 | €2,637 | €3,958 | +€1,322 | +50.1% |
| Taxes, remuneration and social security | 45 | €139,554 | €147,558 | +€8,004 | +5.7% |
| Taxes | 450/3 | €135,084 | €145,558 | +€10,474 | +7.8% |
| Remuneration and social security | 454/9 | €4,470 | €2,000 | -€2,470 | -55.3% |
| Other amounts payable | 47/48 | €296,599 | €0 | -€296,599 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €402 | €766 | +€364 | +90.7% |
| Other operating charges | 640/8 | €785 | €987 | +€202 | +25.7% |
| Gross operating margin | 9900 | €314,458 | €303,390 | -€11,068 | -3.5% |
| Operating profit (loss) | 9901 | €313,271 | €301,637 | -€11,634 | -3.7% |
| Financial income | 75/76B | €40 | €190 | +€150 | +375% |
| Recurring financial income | 75 | €40 | €190 | +€150 | +375% |
| Financial charges | 65/66B | €9,018 | €46,037 | +€37,019 | +410% |
| Recurring financial charges | 65 | €9,018 | €46,037 | +€37,019 | +410% |
| Profit (loss) for the period before taxes | 9903 | €304,293 | €255,790 | -€48,503 | -15.9% |
| Income taxes | 67/77 | €72,058 | €65,548 | -€6,510 | -9.0% |
| Profit (loss) for the period | 9904 | €232,236 | €190,242 | -€41,994 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €232,236 | €190,242 | -€41,994 | -18.1% |
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 17 October 2026 via checked.be.