FHM Electro: 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 Electro
Largest movements
- Receivables within one year +€34,018
up €34,018 (+42.8%), from €79,443 to €113,461
of which Trade receivables: +€42,783
- Deferred charges and accrued income +€8,450
up €8,450 (+562%), from €1,503 to €9,953
- Trade debts +€29,724
up €29,724 (+175%), from €17,023 to €46,747
- Profit (loss) carried forward +€20,409
up €20,409 (+39.9%), from €51,113 to €71,522
- Tax, wage and social debts -€5,786
down €5,786 (-71.7%), from €8,074 to €2,288
- Debts after one year -€4,543
down €4,543 (-2.6%), from €173,746 to €169,202
- Gross operating margin -€14,733
down €14,733 (-28.0%), from €52,653 to €37,921
- Taxes -€7,144
down €7,144 (-99.6%), from €7,174 to €30
- Financial charges -€5,783
down €5,783 (-50.4%), from €11,468 to €5,685
- Other operating charges -€1,313
down €1,313 (-18.4%), from €7,127 to €5,814
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 | €333,631 | €375,447 | +€41,816 | +12.5% |
| Fixed assets | 21/28 | €245,112 | €240,920 | -€4,191 | -1.7% |
| Intangible fixed assets | 21 | €750 | €550 | -€200 | -26.7% |
| Tangible fixed assets | 22/27 | €243,262 | €240,070 | -€3,191 | -1.3% |
| Land and buildings | 22 | €242,199 | €235,047 | -€7,152 | -3.0% |
| Plant, machinery and equipment | 23 | €1,063 | €806 | -€257 | -24.2% |
| Furniture and vehicles | 24 | - | €4,217 | +€4,217 | |
| Financial fixed assets | 28 | €1,100 | €300 | -€800 | -72.7% |
| Current assets | 29/58 | €88,520 | €134,527 | +€46,007 | +52.0% |
| Stocks and contracts in progress | 3 | €4,780 | €5,124 | +€345 | +7.2% |
| Stocks | 30/36 | €4,780 | €5,124 | +€345 | +7.2% |
| Amounts receivable within one year | 40/41 | €79,443 | €113,461 | +€34,018 | +42.8% |
| Trade receivables | 40 | €33,544 | €76,327 | +€42,783 | +128% |
| Other amounts receivable | 41 | €45,900 | €37,134 | -€8,766 | -19.1% |
| Cash at bank and in hand | 54/58 | €2,793 | €5,989 | +€3,195 | +114% |
| Deferred charges and accrued income | 490/1 | €1,503 | €9,953 | +€8,450 | +562% |
| Total equity and liabilities | 10/49 | €333,631 | €375,447 | +€41,816 | +12.5% |
| Equity | 10/15 | €112,657 | €133,066 | +€20,409 | +18.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,344 | €55,344 | = | 0.0% |
| Distributable reserves | 133 | €55,344 | €55,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,113 | €71,522 | +€20,409 | +39.9% |
| Amounts payable | 17/49 | €220,974 | €242,381 | +€21,407 | +9.7% |
| Amounts payable after more than one year | 17 | €173,746 | €169,202 | -€4,543 | -2.6% |
| Financial debts | 170/4 | €173,746 | €169,202 | -€4,543 | -2.6% |
| Amounts payable within one year | 42/48 | €47,228 | €72,991 | +€25,762 | +54.5% |
| Current portion of amounts payable after more than one year | 42 | €22,131 | €23,484 | +€1,353 | +6.1% |
| Trade debts | 44 | €17,023 | €46,747 | +€29,724 | +175% |
| Suppliers | 440/4 | €17,023 | €46,747 | +€29,724 | +175% |
| Taxes, remuneration and social security | 45 | €8,074 | €2,288 | -€5,786 | -71.7% |
| Taxes | 450/3 | €8,074 | €2,288 | -€5,786 | -71.7% |
| Other amounts payable | 47/48 | - | €472 | +€472 | |
| Accrued charges and deferred income | 492/3 | - | €188 | +€188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,557 | €7,991 | +€434 | +5.7% |
| Other operating charges | 640/8 | €7,127 | €5,814 | -€1,313 | -18.4% |
| Gross operating margin | 9900 | €52,653 | €37,921 | -€14,733 | -28.0% |
| Operating profit (loss) | 9901 | €37,970 | €24,117 | -€13,854 | -36.5% |
| Financial income | 75/76B | €1,882 | €2,008 | +€125 | +6.7% |
| Recurring financial income | 75 | €1,882 | €2,008 | +€125 | +6.7% |
| Financial charges | 65/66B | €11,468 | €5,685 | -€5,783 | -50.4% |
| Recurring financial charges | 65 | €11,468 | €5,685 | -€5,783 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €28,384 | €20,439 | -€7,945 | -28.0% |
| Income taxes | 67/77 | €7,174 | €30 | -€7,144 | -99.6% |
| Profit (loss) for the period | 9904 | €21,210 | €20,409 | -€801 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,210 | €20,409 | -€801 | -3.8% |
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 14 October 2026 via checked.be.