FHE P3MP-O: 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.
FHE P3MP-O
Largest movements
- Cash +€53,567
up €53,567 (+103%), from €52,022 to €105,589
mainly Net result for the year (+€49,771) and Receivables within one year (+€15,919)
- Receivables within one year -€15,919
down €15,919 (-49.3%), from €32,286 to €16,367
- Deferred charges and accrued income -€2,122
down €2,122 (-14.3%), from €14,853 to €12,731
- Reserves +€49,771
up €49,771 (+93.4%), from €53,261 to €103,032
- Trade debts -€14,244
down €14,244 (-90.6%), from €15,726 to €1,482
- Other debts -€5,727
down €5,727 (-64.5%), from €8,877 to €3,150
- Tax, wage and social debts +€4,324
up €4,324 (+17.8%), from €24,249 to €28,573
- Taxes +€5,571
up €5,571 (+40.7%), from €13,694 to €19,265
- Gross operating margin +€1,352
up €1,352 (+1.9%), from €70,168 to €71,520
- Depreciation -€1,195
down €1,195 (-46.0%), from €2,598 to €1,403
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 | €102,113 | €136,237 | +€34,124 | +33.4% |
| Formation expenses | 20 | €946 | €0 | -€946 | -100% |
| Fixed assets | 21/28 | €2,006 | €1,549 | -€457 | -22.8% |
| Tangible fixed assets | 22/27 | €2,006 | €1,549 | -€457 | -22.8% |
| Plant, machinery and equipment | 23 | €2,006 | €1,549 | -€457 | -22.8% |
| Current assets | 29/58 | €99,161 | €134,688 | +€35,527 | +35.8% |
| Amounts receivable within one year | 40/41 | €32,286 | €16,367 | -€15,919 | -49.3% |
| Trade receivables | 40 | €32,286 | €16,367 | -€15,919 | -49.3% |
| Cash at bank and in hand | 54/58 | €52,022 | €105,589 | +€53,567 | +103% |
| Deferred charges and accrued income | 490/1 | €14,853 | €12,731 | -€2,122 | -14.3% |
| Total equity and liabilities | 10/49 | €102,113 | €136,237 | +€34,124 | +33.4% |
| Equity | 10/15 | €53,261 | €103,032 | +€49,771 | +93.4% |
| Reserves | 13 | €53,261 | €103,032 | +€49,771 | +93.4% |
| Distributable reserves | 133 | €53,261 | €103,032 | +€49,771 | +93.4% |
| Amounts payable | 17/49 | €48,852 | €33,205 | -€15,647 | -32.0% |
| Amounts payable within one year | 42/48 | €48,852 | €33,205 | -€15,647 | -32.0% |
| Trade debts | 44 | €15,726 | €1,482 | -€14,244 | -90.6% |
| Suppliers | 440/4 | €15,726 | €1,482 | -€14,244 | -90.6% |
| Taxes, remuneration and social security | 45 | €24,249 | €28,573 | +€4,324 | +17.8% |
| Taxes | 450/3 | €24,249 | €28,573 | +€4,324 | +17.8% |
| Other amounts payable | 47/48 | €8,877 | €3,150 | -€5,727 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,598 | €1,403 | -€1,195 | -46.0% |
| Other operating charges | 640/8 | €505 | €776 | +€271 | +53.6% |
| Gross operating margin | 9900 | €70,168 | €71,520 | +€1,352 | +1.9% |
| Operating profit (loss) | 9901 | €67,065 | €69,341 | +€2,276 | +3.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -20.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -20.0% |
| Financial charges | 65/66B | €110 | €305 | +€195 | +177% |
| Recurring financial charges | 65 | €110 | €305 | +€195 | +177% |
| Profit (loss) for the period before taxes | 9903 | €66,955 | €69,036 | +€2,081 | +3.1% |
| Income taxes | 67/77 | €13,694 | €19,265 | +€5,571 | +40.7% |
| Profit (loss) for the period | 9904 | €53,261 | €49,771 | -€3,490 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,261 | €49,771 | -€3,490 | -6.6% |
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 24 October 2026 via checked.be.