FHC: 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.
FHC
Largest movements
- Tangible fixed assets +€29,476
up €29,476 (+175%), from €16,861 to €46,336
of which Furniture and vehicles: +€31,053
- Cash -€3,012
down €3,012 (-100.0%), from €3,013 to €1
mainly Investment in fixed assets (net) (-€35,266) and Tax, wage and social debts (-€4,616)
- Profit (loss) carried forward +€22,175
up €22,175 (+59.0%), from €37,581 to €59,756
- Current portion of long-term debt +€14,753
up €14,753 (+77.7%), from €18,993 to €33,745
- Tax, wage and social debts -€4,616
down €4,616 (-17.9%), from €25,781 to €21,165
of which Taxes: -€4,651
- Debts after one year -€3,004
down €3,004 (-2.4%), from €126,866 to €123,862
of which Financial debts: -€3,004
- Gross operating margin +€8,137
up €8,137 (+28.8%), from €28,254 to €36,391
- Financial income +€5,372
up €5,372 (+1,388%), from €387 to €5,759
- Depreciation +€2,357
up €2,357 (+68.7%), from €3,433 to €5,790
- Taxes +€1,589
up €1,589 (+33.3%), from €4,780 to €6,369
- Other operating charges +€1,478
up €1,478 (+293%), from €504 to €1,982
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 | €213,227 | €241,371 | +€28,144 | +13.2% |
| Fixed assets | 21/28 | €196,861 | €226,336 | +€29,476 | +15.0% |
| Tangible fixed assets | 22/27 | €16,861 | €46,336 | +€29,476 | +175% |
| Plant, machinery and equipment | 23 | €10,683 | €9,106 | -€1,577 | -14.8% |
| Furniture and vehicles | 24 | €6,178 | €37,230 | +€31,053 | +503% |
| Financial fixed assets | 28 | €180,000 | €180,000 | = | 0.0% |
| Current assets | 29/58 | €16,366 | €15,034 | -€1,332 | -8.1% |
| Amounts receivable within one year | 40/41 | €12,391 | €14,720 | +€2,329 | +18.8% |
| Other amounts receivable | 41 | €12,391 | €14,720 | +€2,329 | +18.8% |
| Cash at bank and in hand | 54/58 | €3,013 | €1 | -€3,012 | -100.0% |
| Deferred charges and accrued income | 490/1 | €963 | €314 | -€649 | -67.4% |
| Total equity and liabilities | 10/49 | €213,227 | €241,371 | +€28,144 | +13.2% |
| Equity | 10/15 | €40,081 | €62,256 | +€22,175 | +55.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,581 | €59,756 | +€22,175 | +59.0% |
| Amounts payable | 17/49 | €173,145 | €179,114 | +€5,969 | +3.4% |
| Amounts payable after more than one year | 17 | €126,866 | €123,862 | -€3,004 | -2.4% |
| Financial debts | 170/4 | €86,866 | €83,862 | -€3,004 | -3.5% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,279 | €55,252 | +€8,973 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €18,993 | €33,745 | +€14,753 | +77.7% |
| Trade debts | 44 | €1,506 | €342 | -€1,164 | -77.3% |
| Suppliers | 440/4 | €1,506 | €342 | -€1,164 | -77.3% |
| Taxes, remuneration and social security | 45 | €25,781 | €21,165 | -€4,616 | -17.9% |
| Taxes | 450/3 | €22,520 | €17,868 | -€4,651 | -20.7% |
| Remuneration and social security | 454/9 | €3,261 | €3,296 | +€35 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,433 | €5,790 | +€2,357 | +68.7% |
| Other operating charges | 640/8 | €504 | €1,982 | +€1,478 | +293% |
| Gross operating margin | 9900 | €28,254 | €36,391 | +€8,137 | +28.8% |
| Operating profit (loss) | 9901 | €24,318 | €28,619 | +€4,302 | +17.7% |
| Financial income | 75/76B | €387 | €5,759 | +€5,372 | +1,388% |
| Recurring financial income | 75 | €387 | €5,759 | +€5,372 | +1,388% |
| Financial charges | 65/66B | €5,855 | €5,834 | -€21 | -0.4% |
| Recurring financial charges | 65 | €5,855 | €5,834 | -€21 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €18,850 | €28,544 | +€9,695 | +51.4% |
| Income taxes | 67/77 | €4,780 | €6,369 | +€1,589 | +33.3% |
| Profit (loss) for the period | 9904 | €14,070 | €22,175 | +€8,105 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,070 | €22,175 | +€8,105 | +57.6% |
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 21 October 2026 via checked.be.