FHD.CO: 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.
FHD.CO
Largest movements
- Cash +€17,556
up €17,556 (+254%), from €6,903 to €24,458
mainly Net result for the year (+€27,138) and Depreciation (+€10,200)
- Tangible fixed assets -€10,200
down €10,200 (-12.9%), from €78,992 to €68,792
of which Furniture and vehicles: -€10,200
- Receivables within one year +€3,160
up €3,160 (+123%), from €2,564 to €5,724
- Profit (loss) carried forward +€27,138
up €27,138 (+583%), from €4,653 to €31,791
- Debts after one year -€14,198
down €14,198 (-21.0%), from €67,631 to €53,433
- Other debts -€7,061
down €7,061 (-99.2%), from €7,115 to €54
- Current portion of long-term debt +€4,799
up €4,799 (+118%), from €4,063 to €8,862
- Turnover +€89,074
up €89,074 (+166%), from €53,691 to €142,765
- Purchases and services +€59,741
up €59,741 (+153%), from €38,945 to €98,686
- Gross operating margin +€29,381
up €29,381 (+199%), from €14,746 to €44,127
- Financial charges +€2,897
up €2,897 (+161%), from €1,802 to €4,698
- Staff costs -€1,875
no longer reported in 2025 (was €1,875)
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 | €88,459 | €98,975 | +€10,516 | +11.9% |
| Fixed assets | 21/28 | €78,992 | €68,792 | -€10,200 | -12.9% |
| Tangible fixed assets | 22/27 | €78,992 | €68,792 | -€10,200 | -12.9% |
| Furniture and vehicles | 24 | €33,909 | €23,709 | -€10,200 | -30.1% |
| Leasing and similar rights | 25 | €45,083 | €45,083 | = | 0.0% |
| Current assets | 29/58 | €9,466 | €30,182 | +€20,716 | +219% |
| Amounts receivable within one year | 40/41 | €2,564 | €5,724 | +€3,160 | +123% |
| Other amounts receivable | 41 | €2,564 | €5,724 | +€3,160 | +123% |
| Cash at bank and in hand | 54/58 | €6,903 | €24,458 | +€17,556 | +254% |
| Total equity and liabilities | 10/49 | €88,459 | €98,975 | +€10,516 | +11.9% |
| Equity | 10/15 | €6,653 | €33,791 | +€27,138 | +408% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,653 | €31,791 | +€27,138 | +583% |
| Amounts payable | 17/49 | €81,805 | €65,184 | -€16,622 | -20.3% |
| Amounts payable after more than one year | 17 | €67,631 | €53,433 | -€14,198 | -21.0% |
| Financial debts | 170/4 | €67,631 | €53,433 | -€14,198 | -21.0% |
| Amounts payable within one year | 42/48 | €14,175 | €11,751 | -€2,424 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €4,063 | €8,862 | +€4,799 | +118% |
| Trade debts | 44 | €2,997 | €2,075 | -€922 | -30.8% |
| Suppliers | 440/4 | €2,997 | €2,075 | -€922 | -30.8% |
| Taxes, remuneration and social security | 45 | - | €760 | +€760 | |
| Taxes | 450/3 | - | €760 | +€760 | |
| Other amounts payable | 47/48 | €7,115 | €54 | -€7,061 | -99.2% |
| Turnover | 70 | €53,691 | €142,765 | +€89,074 | +166% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,945 | €98,686 | +€59,741 | +153% |
| Remuneration, social security and pensions | 62 | €1,875 | - | -€1,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,592 | €10,200 | +€1,608 | +18.7% |
| Other operating charges | 640/8 | €1,279 | €990 | -€290 | -22.6% |
| Gross operating margin | 9900 | €14,746 | €44,127 | +€29,381 | +199% |
| Operating profit (loss) | 9901 | €3,000 | €32,938 | +€29,938 | +998% |
| Financial charges | 65/66B | €1,802 | €4,698 | +€2,897 | +161% |
| Recurring financial charges | 65 | €1,802 | €4,698 | +€2,897 | +161% |
| Profit (loss) for the period before taxes | 9903 | €1,199 | €28,240 | +€27,041 | +2,256% |
| Income taxes | 67/77 | - | €1,102 | +€1,102 | |
| Profit (loss) for the period | 9904 | €1,199 | €27,138 | +€25,939 | +2,164% |
| Profit (loss) for the period to be appropriated | 9905 | €1,199 | €27,138 | +€25,939 | +2,164% |
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 14 October 2026 via checked.be.