FH LAW: 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 LAW
Largest movements
- Tangible fixed assets -€12,123
down €12,123 (-25.2%), from €48,189 to €36,066
- Receivables within one year -€7,836
down €7,836 (-7.5%), from €104,670 to €96,835
- Other debts -€19,745
down €19,745 (-15.6%), from €126,251 to €106,506
- Gross operating margin -€227,713
down €227,713 (-20.2%), from €1.1m to €899,071
- Taxes -€57,135
down €57,135 (-20.8%), from €274,286 to €217,151
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,977 | €160,632 | -€20,344 | -11.2% |
| Fixed assets | 21/28 | €48,189 | €36,066 | -€12,123 | -25.2% |
| Tangible fixed assets | 22/27 | €48,189 | €36,066 | -€12,123 | -25.2% |
| Furniture and vehicles | 24 | €48,189 | €36,066 | -€12,123 | -25.2% |
| Current assets | 29/58 | €132,788 | €124,567 | -€8,221 | -6.2% |
| Amounts receivable within one year | 40/41 | €104,670 | €96,835 | -€7,836 | -7.5% |
| Trade receivables | 40 | €104,670 | €96,835 | -€7,836 | -7.5% |
| Cash at bank and in hand | 54/58 | €27,960 | €27,623 | -€337 | -1.2% |
| Deferred charges and accrued income | 490/1 | €158 | €109 | -€49 | -30.9% |
| Total equity and liabilities | 10/49 | €180,977 | €160,632 | -€20,344 | -11.2% |
| Equity | 10/15 | €19,874 | €19,880 | +€7 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,274 | €1,280 | +€7 | +0.5% |
| Distributable reserves | 133 | €1,274 | €1,280 | +€7 | +0.5% |
| Amounts payable | 17/49 | €161,103 | €140,752 | -€20,351 | -12.6% |
| Amounts payable within one year | 42/48 | €149,103 | €128,752 | -€20,351 | -13.6% |
| Trade debts | 44 | €66 | €33 | -€33 | -50.4% |
| Suppliers | 440/4 | €66 | €33 | -€33 | -50.4% |
| Taxes, remuneration and social security | 45 | €22,786 | €22,213 | -€573 | -2.5% |
| Taxes | 450/3 | €22,786 | €22,213 | -€573 | -2.5% |
| Other amounts payable | 47/48 | €126,251 | €106,506 | -€19,745 | -15.6% |
| Accrued charges and deferred income | 492/3 | €12,000 | €12,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,344 | €12,874 | +€531 | +4.3% |
| Other operating charges | 640/8 | €724 | €721 | -€3 | -0.4% |
| Gross operating margin | 9900 | €1,126,783 | €899,071 | -€227,713 | -20.2% |
| Operating profit (loss) | 9901 | €1,113,715 | €885,475 | -€228,240 | -20.5% |
| Financial charges | 65/66B | €21 | €18 | -€3 | -15.4% |
| Recurring financial charges | 65 | €21 | €18 | -€3 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €1,113,694 | €885,457 | -€228,237 | -20.5% |
| Income taxes | 67/77 | €274,286 | €217,151 | -€57,135 | -20.8% |
| Profit (loss) for the period | 9904 | €839,408 | €668,307 | -€171,102 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €839,408 | €668,307 | -€171,102 | -20.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.