FHM: 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.
FHM
Largest movements
- Receivables within one year -€37,615
down €37,615 (-22.3%), from €168,763 to €131,148
of which Other amounts receivable: -€20,240
- Cash +€15,389
up €15,389 (+3356.1%), from €459 to €15,847
mainly Receivables within one year (+€37,615) and Other debts (+€4,329)
- Accrued charges and deferred income -€21,000
no longer reported in 2025 (was €21,000)
- Trade debts -€5,977
down €5,977 (-98.7%), from €6,054 to €77
- Other debts +€4,329
up €4,329 (+31.0%), from €13,945 to €18,273
- Taxes -€303
down €303 (-53.5%), from €567 to €264
- Gross operating margin +€257
up €257 (+15.6%), from €1,647 to €1,904
- Financial charges +€193
up €193 (+60.1%), from €321 to €515
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 | €169,221 | €146,995 | -€22,226 | -13.1% |
| Current assets | 29/58 | €169,221 | €146,995 | -€22,226 | -13.1% |
| Amounts receivable within one year | 40/41 | €168,763 | €131,148 | -€37,615 | -22.3% |
| Trade receivables | 40 | €17,375 | - | -€17,375 | |
| Other amounts receivable | 41 | €151,388 | €131,148 | -€20,240 | -13.4% |
| Cash at bank and in hand | 54/58 | €459 | €15,847 | +€15,389 | +3356.1% |
| Total equity and liabilities | 10/49 | €169,221 | €146,995 | -€22,226 | -13.1% |
| Equity | 10/15 | €127,655 | €128,381 | +€725 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,055 | €109,781 | +€725 | +0.7% |
| Non-distributable reserves | 130/1 | €8,014 | €8,014 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,014 | €8,014 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,590 | €19,590 | = | 0.0% |
| Distributable reserves | 133 | €81,451 | €82,177 | +€725 | +0.9% |
| Amounts payable | 17/49 | €41,566 | €18,615 | -€22,951 | -55.2% |
| Amounts payable within one year | 42/48 | €20,566 | €18,615 | -€1,951 | -9.5% |
| Trade debts | 44 | €6,054 | €77 | -€5,977 | -98.7% |
| Suppliers | 440/4 | €6,054 | €77 | -€5,977 | -98.7% |
| Taxes, remuneration and social security | 45 | €567 | €264 | -€303 | -53.5% |
| Taxes | 450/3 | €567 | €264 | -€303 | -53.5% |
| Other amounts payable | 47/48 | €13,945 | €18,273 | +€4,329 | +31.0% |
| Accrued charges and deferred income | 492/3 | €21,000 | - | -€21,000 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,647 | €1,904 | +€257 | +15.6% |
| Operating profit (loss) | 9901 | €1,260 | €1,504 | +€244 | +19.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €321 | €515 | +€193 | +60.1% |
| Recurring financial charges | 65 | €321 | €515 | +€193 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €939 | €990 | +€51 | +5.4% |
| Income taxes | 67/77 | €567 | €264 | -€303 | -53.5% |
| Profit (loss) for the period | 9904 | €371 | €725 | +€354 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €371 | €725 | +€354 | +95.5% |
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 12 October 2026 via checked.be.