Fhilupa: 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.
Fhilupa
Largest movements
- Tangible fixed assets -€13,674
down €13,674 (-4.7%), from €291,512 to €277,838
- Cash +€4,398
up €4,398 (+144.6%), from €3,042 to €7,439
mainly Depreciation (+€25,166) and Trade debts (+€5,576)
- Other debts -€10,493
down €10,493 (-35.1%), from €29,883 to €19,390
- Trade debts +€5,576
up €5,576 (+17656.6%), from €32 to €5,608
- Profit (loss) carried forward -€3,504
down €3,504 (-4.5%), from -€77,522 to -€81,026
- Gross operating margin +€5,778
up €5,778 (+19.7%), from €29,279 to €35,057
- Other operating charges +€529
up €529 (+4.1%), from €13,010 to €13,538
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 | €301,422 | €291,826 | -€9,596 | -3.2% |
| Fixed assets | 21/28 | €291,517 | €277,843 | -€13,674 | -4.7% |
| Tangible fixed assets | 22/27 | €291,512 | €277,838 | -€13,674 | -4.7% |
| Land and buildings | 22 | €291,512 | €277,838 | -€13,674 | -4.7% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €9,905 | €13,983 | +€4,078 | +41.2% |
| Cash at bank and in hand | 54/58 | €3,042 | €7,439 | +€4,398 | +144.6% |
| Deferred charges and accrued income | 490/1 | €6,864 | €6,544 | -€320 | -4.7% |
| Total equity and liabilities | 10/49 | €301,422 | €291,826 | -€9,596 | -3.2% |
| Equity | 10/15 | €264,130 | €259,746 | -€4,385 | -1.7% |
| Contributions | 10/11 | €221,000 | €221,000 | = | 0.0% |
| Capital | 10 | €221,000 | €221,000 | = | 0.0% |
| Issued capital | 100 | €221,000 | €221,000 | = | 0.0% |
| Reserves | 13 | €120,652 | €119,772 | -€880 | -0.7% |
| Non-distributable reserves | 130/1 | €12,544 | €12,544 | = | 0.0% |
| Legal reserve | 130 | €12,544 | €12,544 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,721 | €19,840 | -€880 | -4.2% |
| Distributable reserves | 133 | €87,388 | €87,388 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,522 | -€81,026 | -€3,504 | -4.5% |
| Provisions and deferred taxes | 16 | €6,907 | €6,613 | -€293 | -4.2% |
| Deferred taxes | 168 | €6,907 | €6,613 | -€293 | -4.2% |
| Amounts payable | 17/49 | €30,385 | €25,467 | -€4,917 | -16.2% |
| Amounts payable within one year | 42/48 | €29,915 | €24,997 | -€4,917 | -16.4% |
| Trade debts | 44 | €32 | €5,608 | +€5,576 | +17656.6% |
| Suppliers | 440/4 | €32 | €5,608 | +€5,576 | +17656.6% |
| Other amounts payable | 47/48 | €29,883 | €19,390 | -€10,493 | -35.1% |
| Accrued charges and deferred income | 492/3 | €470 | €470 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,500 | €25,166 | -€334 | -1.3% |
| Other operating charges | 640/8 | €13,010 | €13,538 | +€529 | +4.1% |
| Gross operating margin | 9900 | €29,279 | €35,057 | +€5,778 | +19.7% |
| Operating profit (loss) | 9901 | -€9,231 | -€3,648 | +€5,584 | +60.5% |
| Financial charges | 65/66B | €968 | €1,030 | +€63 | +6.5% |
| Recurring financial charges | 65 | €968 | €1,030 | +€63 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,199 | -€4,678 | +€5,521 | +54.1% |
| Transfer from deferred taxes | 780 | €293 | €293 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€9,905 | -€4,385 | +€5,521 | +55.7% |
| Transfer from tax-exempt reserves | 789 | €880 | €880 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,025 | -€3,504 | +€5,521 | +61.2% |
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 10 October 2026 via checked.be.