FHP IMMO: what changed
Two fiscal 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.
FHP IMMO
Largest movements
- Stocks and contracts +€817,403
up €817,403 (+41.8%), from €2.0m to €2.8m
- Cash +€43,021
up €43,021 (+32.8%), from €130,967 to €173,988
mainly Debts after one year (+€1.0m) and Trade debts (+€9,424)
- Debts after one year +€1.0m
up €1.0m (+43.2%), from €2.3m to €3.4m
- Profit (loss) carried forward -€143,521
down €143,521 (-42.6%), from -€336,546 to -€480,067
- Financial charges +€10,617
up €10,617 (+8.5%), from €124,342 to €134,959
- Gross operating margin -€4,246
down €4,246 (-102.2%), from -€4,153 to -€8,399
- Other operating charges -€1,260
down €1,260 (-96.2%), from €1,310 to €50
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 | €2,089,954 | €2,970,543 | +€880,589 | +42.1% |
| Formation expenses | 20 | €113 | €0 | -€113 | -100.0% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €2,089,341 | €2,970,043 | +€880,702 | +42.2% |
| Stocks and contracts in progress | 3 | €1,957,236 | €2,774,639 | +€817,403 | +41.8% |
| Stocks | 30/36 | €1,957,236 | €2,774,639 | +€817,403 | +41.8% |
| Amounts receivable within one year | 40/41 | €1,138 | €21,417 | +€20,279 | +1782.2% |
| Trade receivables | 40 | - | €17,954 | +€17,954 | |
| Other amounts receivable | 41 | €1,138 | €3,462 | +€2,324 | +204.3% |
| Cash at bank and in hand | 54/58 | €130,967 | €173,988 | +€43,021 | +32.8% |
| Total equity and liabilities | 10/49 | €2,089,954 | €2,970,543 | +€880,589 | +42.1% |
| Equity | 10/15 | -€315,546 | -€459,067 | -€143,521 | -45.5% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€336,546 | -€480,067 | -€143,521 | -42.6% |
| Amounts payable | 17/49 | €2,405,500 | €3,429,610 | +€1.0m | +42.6% |
| Amounts payable after more than one year | 17 | €2,343,550 | €3,356,228 | +€1.0m | +43.2% |
| Financial debts | 170/4 | €2,343,550 | €3,356,228 | +€1.0m | +43.2% |
| Amounts payable within one year | 42/48 | €8,060 | €17,484 | +€9,424 | +116.9% |
| Trade debts | 44 | €8,060 | €17,484 | +€9,424 | +116.9% |
| Suppliers | 440/4 | €8,060 | €17,484 | +€9,424 | +116.9% |
| Accrued charges and deferred income | 492/3 | €53,889 | €55,898 | +€2,008 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113 | €113 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,310 | €50 | -€1,260 | -96.2% |
| Gross operating margin | 9900 | -€4,153 | -€8,399 | -€4,246 | -102.2% |
| Operating profit (loss) | 9901 | -€5,577 | -€8,562 | -€2,985 | -53.5% |
| Financial charges | 65/66B | €124,342 | €134,959 | +€10,617 | +8.5% |
| Recurring financial charges | 65 | €124,342 | €134,959 | +€10,617 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€129,919 | -€143,521 | -€13,602 | -10.5% |
| Profit (loss) for the period | 9904 | -€129,919 | -€143,521 | -€13,602 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,919 | -€143,521 | -€13,602 | -10.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.