FHCO: 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.
FHCO
Largest movements
- Cash +€58,781
up €58,781 (+229.9%), from €25,567 to €84,349
mainly Net result for the year (+€52,777) and Tax, wage and social debts (+€13,215)
- Receivables within one year +€6,715
up €6,715 (+89.5%), from €7,500 to €14,215
- Deferred charges and accrued income -€1,208
no longer reported in 2025 (was €1,208)
- Tangible fixed assets +€1,022
up €1,022 (+74.1%), from €1,379 to €2,400
of which Other tangible fixed assets: +€1,303
- Profit (loss) carried forward +€52,777
up €52,777 (+298.6%), from €17,674 to €70,451
- Tax, wage and social debts +€13,215
up €13,215 (+108.6%), from €12,165 to €25,379
of which Taxes: +€15,948
- Trade debts -€1,626
down €1,626 (-87.0%), from €1,869 to €243
- Gross operating margin +€38,192
up €38,192 (+134.5%), from €28,396 to €66,588
- Taxes +€8,343
up €8,343 (+166.9%), from €5,000 to €13,343
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 | €35,708 | €101,018 | +€65,310 | +182.9% |
| Fixed assets | 21/28 | €1,433 | €2,455 | +€1,022 | +71.3% |
| Tangible fixed assets | 22/27 | €1,379 | €2,400 | +€1,022 | +74.1% |
| Furniture and vehicles | 24 | €1,379 | €1,097 | -€281 | -20.4% |
| Other tangible fixed assets | 26 | - | €1,303 | +€1,303 | |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €34,275 | €98,564 | +€64,288 | +187.6% |
| Amounts receivable within one year | 40/41 | €7,500 | €14,215 | +€6,715 | +89.5% |
| Trade receivables | 40 | €7,500 | €14,215 | +€6,715 | +89.5% |
| Cash at bank and in hand | 54/58 | €25,567 | €84,349 | +€58,781 | +229.9% |
| Deferred charges and accrued income | 490/1 | €1,208 | - | -€1,208 | |
| Total equity and liabilities | 10/49 | €35,708 | €101,018 | +€65,310 | +182.9% |
| Equity | 10/15 | €21,674 | €74,451 | +€52,777 | +243.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,674 | €70,451 | +€52,777 | +298.6% |
| Amounts payable | 17/49 | €14,034 | €26,567 | +€12,533 | +89.3% |
| Amounts payable after more than one year | 17 | - | €945 | +€945 | |
| Other amounts payable | 178/9 | - | €945 | +€945 | |
| Amounts payable within one year | 42/48 | €14,034 | €25,623 | +€11,588 | +82.6% |
| Trade debts | 44 | €1,869 | €243 | -€1,626 | -87.0% |
| Suppliers | 440/4 | €1,869 | €243 | -€1,626 | -87.0% |
| Taxes, remuneration and social security | 45 | €12,165 | €25,379 | +€13,215 | +108.6% |
| Taxes | 450/3 | €9,431 | €25,379 | +€15,948 | +169.1% |
| Remuneration and social security | 454/9 | €2,734 | - | -€2,734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27 | €343 | +€316 | +1176.7% |
| Gross operating margin | 9900 | €28,396 | €66,588 | +€38,192 | +134.5% |
| Operating profit (loss) | 9901 | €28,369 | €66,245 | +€37,876 | +133.5% |
| Financial income | 75/76B | €0 | €2 | +€1 | +496.7% |
| Recurring financial income | 75 | €0 | €2 | +€1 | +496.7% |
| Financial charges | 65/66B | €100 | €127 | +€27 | +27.3% |
| Recurring financial charges | 65 | €100 | €127 | +€27 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €28,270 | €66,120 | +€37,850 | +133.9% |
| Income taxes | 67/77 | €5,000 | €13,343 | +€8,343 | +166.9% |
| Profit (loss) for the period | 9904 | €23,270 | €52,777 | +€29,507 | +126.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,270 | €52,777 | +€29,507 | +126.8% |
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 6 October 2026 via checked.be.