FHI: 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.
FHI
Largest movements
- Cash +€333,138
up €333,138 (+122.5%), from €271,938 to €605,076
mainly Depreciation (+€179,246) and Net result for the year (+€154,209)
- Tangible fixed assets -€179,246
down €179,246 (-15.3%), from €1.2m to €995,701
of which Land and buildings: -€166,040
- Financial fixed assets -€150,000
down €150,000 (-69.8%), from €214,970 to €64,970
- Receivables within one year -€64,431
down €64,431 (-59.5%), from €108,338 to €43,906
of which Trade receivables: -€65,320
- Reserves +€154,209
up €154,209 (+21.3%), from €725,116 to €879,324
of which Distributable reserves: +€154,209
- Debts after one year -€92,995
down €92,995 (-17.6%), from €528,672 to €435,678
- Short-term financial debts -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Trade debts -€52,769
down €52,769 (-86.9%), from €60,700 to €7,931
- Financial income -€94,101
down €94,101 (-31.9%), from €295,239 to €201,138
- Taxes +€12,195
up €12,195 (+24.8%), from €49,143 to €61,338
- Financial charges -€10,289
down €10,289 (-37.6%), from €27,366 to €17,076
- Other operating charges -€6,482
down €6,482 (-74.4%), from €8,714 to €2,232
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,778,933 | €1,718,641 | -€60,292 | -3.4% |
| Fixed assets | 21/28 | €1,389,918 | €1,060,671 | -€329,246 | -23.7% |
| Tangible fixed assets | 22/27 | €1,174,948 | €995,701 | -€179,246 | -15.3% |
| Land and buildings | 22 | €1,118,844 | €952,804 | -€166,040 | -14.8% |
| Plant, machinery and equipment | 23 | €6,446 | €5,380 | -€1,066 | -16.5% |
| Furniture and vehicles | 24 | €49,658 | €37,518 | -€12,140 | -24.4% |
| Financial fixed assets | 28 | €214,970 | €64,970 | -€150,000 | -69.8% |
| Current assets | 29/58 | €389,016 | €657,969 | +€268,954 | +69.1% |
| Amounts receivable within one year | 40/41 | €108,338 | €43,906 | -€64,431 | -59.5% |
| Trade receivables | 40 | €108,338 | €43,018 | -€65,320 | -60.3% |
| Other amounts receivable | 41 | - | €888 | +€888 | |
| Cash at bank and in hand | 54/58 | €271,938 | €605,076 | +€333,138 | +122.5% |
| Deferred charges and accrued income | 490/1 | €8,740 | €8,987 | +€247 | +2.8% |
| Total equity and liabilities | 10/49 | €1,778,933 | €1,718,641 | -€60,292 | -3.4% |
| Equity | 10/15 | €745,116 | €899,324 | +€154,209 | +20.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €725,116 | €879,324 | +€154,209 | +21.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €743 | €743 | = | 0.0% |
| Distributable reserves | 133 | €722,373 | €876,581 | +€154,209 | +21.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,033,818 | €819,317 | -€214,501 | -20.7% |
| Amounts payable after more than one year | 17 | €528,672 | €435,678 | -€92,995 | -17.6% |
| Financial debts | 170/4 | €528,672 | €435,678 | -€92,995 | -17.6% |
| Amounts payable within one year | 42/48 | €505,145 | €383,639 | -€121,506 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €90,505 | €95,103 | +€4,598 | +5.1% |
| Financial debts | 43 | €80,000 | €0 | -€80,000 | -100.0% |
| Credit institutions | 430/8 | €80,000 | €0 | -€80,000 | -100.0% |
| Trade debts | 44 | €60,700 | €7,931 | -€52,769 | -86.9% |
| Suppliers | 440/4 | €60,700 | €7,931 | -€52,769 | -86.9% |
| Taxes, remuneration and social security | 45 | €96,622 | €102,491 | +€5,869 | +6.1% |
| Taxes | 450/3 | €96,622 | €102,491 | +€5,869 | +6.1% |
| Other amounts payable | 47/48 | €177,318 | €178,114 | +€796 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,488 | €179,246 | +€1,758 | +1.0% |
| Other operating charges | 640/8 | €8,714 | €2,232 | -€6,482 | -74.4% |
| Gross operating margin | 9900 | €214,172 | €212,964 | -€1,209 | -0.6% |
| Operating profit (loss) | 9901 | €27,969 | €31,485 | +€3,516 | +12.6% |
| Financial income | 75/76B | €295,239 | €201,138 | -€94,101 | -31.9% |
| Recurring financial income | 75 | €295,239 | €201,138 | -€94,101 | -31.9% |
| Financial charges | 65/66B | €27,366 | €17,076 | -€10,289 | -37.6% |
| Recurring financial charges | 65 | €27,366 | €17,076 | -€10,289 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €295,843 | €215,547 | -€80,296 | -27.1% |
| Income taxes | 67/77 | €49,143 | €61,338 | +€12,195 | +24.8% |
| Profit (loss) for the period | 9904 | €246,699 | €154,209 | -€92,491 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €246,699 | €154,209 | -€92,491 | -37.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.