FH Properties: what changed
Two fiscal 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 Properties
Largest movements
- Cash +€140,344
up €140,344 (+246.3%), from €56,988 to €197,332
mainly Net result for the year (+€112,968) and Depreciation (+€78,515)
- Tangible fixed assets +€119,575
up €119,575 (+12.7%), from €940,840 to €1.1m
of which Land and buildings: +€122,312
- Profit (loss) carried forward +€112,135
up €112,135 (+32.3%), from €346,714 to €458,849
- Debts after one year +€69,348
up €69,348 (+12.0%), from €576,487 to €645,835
- Trade debts +€38,217
up €38,217 (+366.9%), from €10,417 to €48,634
- Tax, wage and social debts +€25,568
up €25,568 (+435.7%), from €5,868 to €31,436
- Gross operating margin +€171,730
up €171,730 (+202.2%), from €84,944 to €256,674
- Depreciation +€44,602
up €44,602 (+131.5%), from €33,913 to €78,515
- Taxes +€32,485
up €32,485 (+400.7%), from €8,107 to €40,592
- Financial charges +€2,953
up €2,953 (+23.3%), from €12,680 to €15,633
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.
Cash bridge derived
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 | €1,005,046 | €1,259,660 | +€254,614 | +25.3% |
| Fixed assets | 21/28 | €940,959 | €1,060,509 | +€119,550 | +12.7% |
| Intangible fixed assets | 21 | €119 | €94 | -€25 | -21.0% |
| Tangible fixed assets | 22/27 | €940,840 | €1,060,415 | +€119,575 | +12.7% |
| Land and buildings | 22 | €933,504 | €1,055,816 | +€122,312 | +13.1% |
| Furniture and vehicles | 24 | €7,336 | €4,599 | -€2,737 | -37.3% |
| Current assets | 29/58 | €64,087 | €199,151 | +€135,064 | +210.8% |
| Amounts receivable within one year | 40/41 | €5,976 | €404 | -€5,572 | -93.2% |
| Trade receivables | 40 | €332 | - | -€332 | |
| Other amounts receivable | 41 | €5,644 | €404 | -€5,240 | -92.8% |
| Cash at bank and in hand | 54/58 | €56,988 | €197,332 | +€140,344 | +246.3% |
| Deferred charges and accrued income | 490/1 | €1,123 | €1,415 | +€292 | +26.0% |
| Total equity and liabilities | 10/49 | €1,005,046 | €1,259,660 | +€254,614 | +25.3% |
| Equity | 10/15 | €349,214 | €461,349 | +€112,135 | +32.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €346,714 | €458,849 | +€112,135 | +32.3% |
| Amounts payable | 17/49 | €655,832 | €798,311 | +€142,479 | +21.7% |
| Amounts payable after more than one year | 17 | €576,487 | €645,835 | +€69,348 | +12.0% |
| Financial debts | 170/4 | €576,487 | €645,835 | +€69,348 | +12.0% |
| Amounts payable within one year | 42/48 | €79,345 | €152,476 | +€73,131 | +92.2% |
| Current portion of amounts payable after more than one year | 42 | €41,595 | €47,250 | +€5,655 | +13.6% |
| Trade debts | 44 | €10,417 | €48,634 | +€38,217 | +366.9% |
| Suppliers | 440/4 | €10,417 | €48,634 | +€38,217 | +366.9% |
| Taxes, remuneration and social security | 45 | €5,868 | €31,436 | +€25,568 | +435.7% |
| Taxes | 450/3 | €5,868 | €31,436 | +€25,568 | +435.7% |
| Other amounts payable | 47/48 | €21,465 | €25,156 | +€3,691 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,913 | €78,515 | +€44,602 | +131.5% |
| Other operating charges | 640/8 | €4,338 | €4,892 | +€554 | +12.8% |
| Non-recurring operating charges | 66A | €4,980 | €4,078 | -€902 | -18.1% |
| Gross operating margin | 9900 | €84,944 | €256,674 | +€171,730 | +202.2% |
| Operating profit (loss) | 9901 | €41,713 | €169,189 | +€127,476 | +305.6% |
| Financial income | 75/76B | €11 | €4 | -€7 | -63.6% |
| Recurring financial income | 75 | €11 | €4 | -€7 | -63.6% |
| Financial charges | 65/66B | €12,680 | €15,633 | +€2,953 | +23.3% |
| Recurring financial charges | 65 | €12,680 | €15,633 | +€2,953 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €29,044 | €153,560 | +€124,516 | +428.7% |
| Income taxes | 67/77 | €8,107 | €40,592 | +€32,485 | +400.7% |
| Profit (loss) for the period | 9904 | €20,937 | €112,968 | +€92,031 | +439.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,937 | €112,968 | +€92,031 | +439.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.