FHMM: 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.
FHMM
Largest movements
- Cash -€15,111
down €15,111 (-50.3%), from €30,036 to €14,924
mainly Tax, wage and social debts (-€25,694) and Investment in fixed assets (net) (-€4,730)
- Tangible fixed assets -€4,869
down €4,869 (-22.0%), from €22,106 to €17,237
of which Furniture and vehicles: -€5,164
- Receivables within one year +€895
new in 2025: €895
- Deferred charges and accrued income +€625
new in 2025: €625
- Tax, wage and social debts -€25,694
down €25,694 (-31.3%), from €82,197 to €56,503
of which Taxes: -€27,500
- Trade debts +€9,512
up €9,512 (+132%), from €7,224 to €16,736
- Profit (loss) carried forward -€3,017
down €3,017 (-7.8%), from -€38,604 to -€41,621
- Other debts +€738
up €738 (+10.1%), from €7,325 to €8,063
- Taxes -€27,338
down €27,338, from €25,955 to -€1,382
- Other operating charges -€23,285
down €23,285 (-88.6%), from €26,294 to €3,009
- Staff costs +€16,244
up €16,244 (+22.6%), from €71,948 to €88,192
- Gross operating margin -€8,876
down €8,876 (-8.1%), from €109,429 to €100,553
- Financial charges +€1,976
up €1,976 (+634%), from €311 to €2,288
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 | €58,142 | €39,681 | -€18,461 | -31.8% |
| Fixed assets | 21/28 | €22,106 | €17,237 | -€4,869 | -22.0% |
| Tangible fixed assets | 22/27 | €22,106 | €17,237 | -€4,869 | -22.0% |
| Plant, machinery and equipment | 23 | €6,842 | €8,007 | +€1,165 | +17.0% |
| Furniture and vehicles | 24 | €12,646 | €7,482 | -€5,164 | -40.8% |
| Other tangible fixed assets | 26 | €2,618 | €1,748 | -€870 | -33.2% |
| Current assets | 29/58 | €36,036 | €22,444 | -€13,592 | -37.7% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €895 | +€895 | |
| Other amounts receivable | 41 | - | €895 | +€895 | |
| Cash at bank and in hand | 54/58 | €30,036 | €14,924 | -€15,111 | -50.3% |
| Deferred charges and accrued income | 490/1 | - | €625 | +€625 | |
| Total equity and liabilities | 10/49 | €58,142 | €39,681 | -€18,461 | -31.8% |
| Equity | 10/15 | -€38,604 | -€41,621 | -€3,017 | -7.8% |
| Profit (loss) carried forward | 14 | -€38,604 | -€41,621 | -€3,017 | -7.8% |
| Amounts payable | 17/49 | €96,746 | €81,302 | -€15,444 | -16.0% |
| Amounts payable within one year | 42/48 | €96,746 | €81,302 | -€15,444 | -16.0% |
| Trade debts | 44 | €7,224 | €16,736 | +€9,512 | +132% |
| Suppliers | 440/4 | €7,224 | €16,736 | +€9,512 | +132% |
| Taxes, remuneration and social security | 45 | €82,197 | €56,503 | -€25,694 | -31.3% |
| Taxes | 450/3 | €74,503 | €47,002 | -€27,500 | -36.9% |
| Remuneration and social security | 454/9 | €7,694 | €9,501 | +€1,806 | +23.5% |
| Other amounts payable | 47/48 | €7,325 | €8,063 | +€738 | +10.1% |
| Non-recurring operating income | 76A | - | €2,957 | +€2,957 | |
| Remuneration, social security and pensions | 62 | €71,948 | €88,192 | +€16,244 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,041 | €9,599 | +€1,558 | +19.4% |
| Other operating charges | 640/8 | €26,294 | €3,009 | -€23,285 | -88.6% |
| Non-recurring operating charges | 66A | - | €1,870 | +€1,870 | |
| Gross operating margin | 9900 | €109,429 | €100,553 | -€8,876 | -8.1% |
| Operating profit (loss) | 9901 | €3,146 | -€2,118 | -€5,264 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +1,485% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +1,485% |
| Financial charges | 65/66B | €311 | €2,288 | +€1,976 | +634% |
| Recurring financial charges | 65 | €311 | €2,288 | +€1,976 | +634% |
| Profit (loss) for the period before taxes | 9903 | €2,835 | -€4,399 | -€7,234 | |
| Income taxes | 67/77 | €25,955 | -€1,382 | -€27,338 | |
| Profit (loss) for the period | 9904 | -€23,121 | -€3,017 | +€20,104 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,121 | -€3,017 | +€20,104 | +87.0% |
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 27 October 2026 via checked.be.