FHG: 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.
FHG
Largest movements
- Receivables within one year -€20,793
down €20,793 (-56.1%), from €37,038 to €16,245
of which Other amounts receivable: -€21,945
- Cash -€3,203
down €3,203 (-6.1%), from €52,191 to €48,988
mainly Contributions, distributions and other (-€74,000) and Tax, wage and social debts (-€17,671)
- Tangible fixed assets -€1,111
down €1,111 (-7.8%), from €14,226 to €13,115
of which Furniture and vehicles: -€3,850
- Tax, wage and social debts -€17,671
down €17,671 (-58.5%), from €30,225 to €12,555
- Profit (loss) carried forward -€10,861
down €10,861 (-14.6%), from €74,362 to €63,502
- Trade debts +€3,040
new in 2025: €3,040
- Gross operating margin +€26,029
up €26,029 (+42.6%), from €61,150 to €87,179
- Depreciation +€3,867
up €3,867 (+201%), from €1,919 to €5,786
- Taxes +€3,644
up €3,644 (+26.8%), from €13,603 to €17,247
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 | €106,088 | €80,596 | -€25,491 | -24.0% |
| Fixed assets | 21/28 | €15,636 | €14,525 | -€1,111 | -7.1% |
| Tangible fixed assets | 22/27 | €14,226 | €13,115 | -€1,111 | -7.8% |
| Land and buildings | 22 | - | €2,739 | +€2,739 | |
| Furniture and vehicles | 24 | €14,226 | €10,376 | -€3,850 | -27.1% |
| Financial fixed assets | 28 | €1,410 | €1,410 | = | 0.0% |
| Current assets | 29/58 | €90,452 | €66,072 | -€24,380 | -27.0% |
| Amounts receivable within one year | 40/41 | €37,038 | €16,245 | -€20,793 | -56.1% |
| Trade receivables | 40 | €9,661 | €10,813 | +€1,152 | +11.9% |
| Other amounts receivable | 41 | €27,377 | €5,432 | -€21,945 | -80.2% |
| Cash at bank and in hand | 54/58 | €52,191 | €48,988 | -€3,203 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,222 | €838 | -€384 | -31.4% |
| Total equity and liabilities | 10/49 | €106,088 | €80,596 | -€25,491 | -24.0% |
| Equity | 10/15 | €75,862 | €65,002 | -€10,861 | -14.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,362 | €63,502 | -€10,861 | -14.6% |
| Amounts payable | 17/49 | €30,225 | €15,595 | -€14,630 | -48.4% |
| Amounts payable within one year | 42/48 | €30,225 | €15,595 | -€14,630 | -48.4% |
| Trade debts | 44 | - | €3,040 | +€3,040 | |
| Suppliers | 440/4 | - | €3,040 | +€3,040 | |
| Taxes, remuneration and social security | 45 | €30,225 | €12,555 | -€17,671 | -58.5% |
| Taxes | 450/3 | €30,225 | €12,555 | -€17,671 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,919 | €5,786 | +€3,867 | +201% |
| Other operating charges | 640/8 | - | €707 | +€707 | |
| Gross operating margin | 9900 | €61,150 | €87,179 | +€26,029 | +42.6% |
| Operating profit (loss) | 9901 | €59,231 | €80,686 | +€21,455 | +36.2% |
| Financial income | 75/76B | €11 | €0 | -€11 | -99.9% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -99.9% |
| Financial charges | 65/66B | €229 | €300 | +€71 | +31.0% |
| Recurring financial charges | 65 | €229 | €300 | +€71 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €59,013 | €80,386 | +€21,373 | +36.2% |
| Income taxes | 67/77 | €13,603 | €17,247 | +€3,644 | +26.8% |
| Profit (loss) for the period | 9904 | €45,411 | €63,139 | +€17,729 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,411 | €63,139 | +€17,729 | +39.0% |
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 13 October 2026 via checked.be.