FH Management Consulting: what changed
What changed
FH Management Consulting
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€78,620
2024 · €71,616+€7,003
Equity
€746,687
2024 · €668,068+€78,620
Cash
€10,093
2024 · -+€10,093
Balance sheet total
€1.4m
2024 · €1.8m-€389,770
Largest movements
Assets
- Receivables within one year -€377,787
down €377,787 (-25.3%), from €1.5m to €1.1m
of which Other amounts receivable: -€359,941
- Tangible fixed assets -€21,850
down €21,850 (-6.7%), from €328,214 to €306,364
of which Land and buildings: -€20,748
Equity and liabilities
- Other debts -€433,492
down €433,492 (-44.9%), from €966,105 to €532,614
- Reserves +€78,620
up €78,620 (+28.3%), from €278,163 to €356,782
- Debts after one year -€37,724
down €37,724 (-35.2%), from €107,052 to €69,328
Income statement
- Gross operating margin +€16,543
up €16,543 (+23.3%), from €70,949 to €87,491
- Financial income -€7,413
down €7,413 (-12.4%), from €59,940 to €52,528
- Taxes +€3,086
up €3,086 (+10.5%), from €29,338 to €32,423
- Financial charges -€950
down €950 (-15.7%), from €6,052 to €5,102
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€71,616
Gross operating margin
+€16,543
Depreciation
+€651
Other operating charges
-€642
Financial income
-€7,413
Financial charges
+€950
Taxes
-€3,086
Result 2025
€78,620
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€44,084
Investment
€0
Financing
-€33,991
Cash 2024
€0
From operations (derived)
+€44,084
Net result for the year
+€78,620
Depreciation
+€21,850
Receivables within one year
+€377,787
Smaller working-capital items
-€233
Trade debts
-€4,069
Tax, wage and social debts
+€3,621
Other debts
-€433,492
Financing
-€33,991
Debts after one year
-€37,724
Current portion of long-term debt
+€8,317
Short-term financial debts
-€4,584
Cash 2025
€10,093
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,823,219 | €1,433,449 | -€389,770 | -21.4% |
| Fixed assets | 21/28 | €328,214 | €306,364 | -€21,850 | -6.7% |
| Tangible fixed assets | 22/27 | €328,214 | €306,364 | -€21,850 | -6.7% |
| Land and buildings | 22 | €325,736 | €304,988 | -€20,748 | -6.4% |
| Furniture and vehicles | 24 | €2,478 | €1,376 | -€1,102 | -44.5% |
| Current assets | 29/58 | €1,495,005 | €1,127,085 | -€367,920 | -24.6% |
| Amounts receivable within one year | 40/41 | €1,493,347 | €1,115,561 | -€377,787 | -25.3% |
| Trade receivables | 40 | €46,241 | €28,396 | -€17,845 | -38.6% |
| Other amounts receivable | 41 | €1,447,106 | €1,087,165 | -€359,941 | -24.9% |
| Cash at bank and in hand | 54/58 | - | €10,093 | +€10,093 | |
| Deferred charges and accrued income | 490/1 | €1,658 | €1,432 | -€226 | -13.7% |
| Total equity and liabilities | 10/49 | €1,823,219 | €1,433,449 | -€389,770 | -21.4% |
| Equity | 10/15 | €668,068 | €746,687 | +€78,620 | +11.8% |
| Contributions | 10/11 | €378,600 | €378,600 | = | 0.0% |
| Reserves | 13 | €278,163 | €356,782 | +€78,620 | +28.3% |
| Distributable reserves | 133 | €278,163 | €356,782 | +€78,620 | +28.3% |
| Profit (loss) carried forward | 14 | €11,305 | €11,305 | = | 0.0% |
| Amounts payable | 17/49 | €1,155,152 | €686,762 | -€468,390 | -40.5% |
| Amounts payable after more than one year | 17 | €107,052 | €69,328 | -€37,724 | -35.2% |
| Financial debts | 170/4 | €107,052 | €69,328 | -€37,724 | -35.2% |
| Amounts payable within one year | 42/48 | €1,047,628 | €617,421 | -€430,207 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €54,407 | €62,724 | +€8,317 | +15.3% |
| Financial debts | 43 | €4,584 | - | -€4,584 | |
| Credit institutions | 430/8 | €4,584 | - | -€4,584 | |
| Trade debts | 44 | €6,953 | €2,884 | -€4,069 | -58.5% |
| Suppliers | 440/4 | €6,953 | €2,884 | -€4,069 | -58.5% |
| Taxes, remuneration and social security | 45 | €15,578 | €19,200 | +€3,621 | +23.2% |
| Taxes | 450/3 | €15,578 | €19,200 | +€3,621 | +23.2% |
| Other amounts payable | 47/48 | €966,105 | €532,614 | -€433,492 | -44.9% |
| Accrued charges and deferred income | 492/3 | €472 | €13 | -€459 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,501 | €21,850 | -€651 | -2.9% |
| Other operating charges | 640/8 | €1,381 | €2,024 | +€642 | +46.5% |
| Gross operating margin | 9900 | €70,949 | €87,491 | +€16,543 | +23.3% |
| Operating profit (loss) | 9901 | €47,066 | €63,618 | +€16,551 | +35.2% |
| Financial income | 75/76B | €59,940 | €52,528 | -€7,413 | -12.4% |
| Recurring financial income | 75 | €59,940 | €52,528 | -€7,413 | -12.4% |
| Financial charges | 65/66B | €6,052 | €5,102 | -€950 | -15.7% |
| Recurring financial charges | 65 | €6,052 | €5,102 | -€950 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €100,954 | €111,043 | +€10,089 | +10.0% |
| Income taxes | 67/77 | €29,338 | €32,423 | +€3,086 | +10.5% |
| Profit (loss) for the period | 9904 | €71,616 | €78,620 | +€7,003 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,616 | €78,620 | +€7,003 | +9.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.