FHRI: 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.
FHRI
Largest movements
- Receivables within one year -€309,796
down €309,796 (-94.3%), from €328,693 to €18,898
of which Trade receivables: -€316,630
- Debts after one year -€470,731
down €470,731 (-26.0%), from €1.8m to €1.3m
of which Other amounts payable: -€331,300
- Trade debts +€110,614
up €110,614 (+54.4%), from €203,512 to €314,126
- Other debts +€85,955
up €85,955 (+308.8%), from €27,839 to €113,794
- Reserves -€81,257
down €81,257 (-4.4%), from €1.8m to €1.8m
of which Distributable reserves: -€81,257
- Tax, wage and social debts +€50,627
up €50,627 (+232.3%), from €21,796 to €72,423
of which Taxes: +€56,179
- Gross operating margin -€155,329
down €155,329, from €109,736 to -€45,593
- Staff costs -€24,323
down €24,323 (-71.5%), from €34,001 to €9,678
- Financial charges +€3,945
up €3,945 (+25.0%), from €15,767 to €19,712
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,144,268 | €3,837,747 | -€306,521 | -7.4% |
| Fixed assets | 21/28 | €3,813,087 | €3,812,791 | -€296 | 0.0% |
| Tangible fixed assets | 22/27 | €296 | €0 | -€296 | -100.0% |
| Furniture and vehicles | 24 | €296 | €0 | -€296 | -100.0% |
| Financial fixed assets | 28 | €3,812,791 | €3,812,791 | = | 0.0% |
| Current assets | 29/58 | €331,181 | €24,956 | -€306,225 | -92.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €328,693 | €18,898 | -€309,796 | -94.3% |
| Trade receivables | 40 | €326,300 | €9,670 | -€316,630 | -97.0% |
| Other amounts receivable | 41 | €2,393 | €9,228 | +€6,834 | +285.5% |
| Cash at bank and in hand | 54/58 | €1,567 | €4,988 | +€3,421 | +218.4% |
| Deferred charges and accrued income | 490/1 | €921 | €1,071 | +€150 | +16.2% |
| Total equity and liabilities | 10/49 | €4,144,268 | €3,837,747 | -€306,521 | -7.4% |
| Equity | 10/15 | €1,936,137 | €1,854,880 | -€81,257 | -4.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,836,137 | €1,754,880 | -€81,257 | -4.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,826,137 | €1,744,880 | -€81,257 | -4.4% |
| Amounts payable | 17/49 | €2,208,131 | €1,982,867 | -€225,264 | -10.2% |
| Amounts payable after more than one year | 17 | €1,813,819 | €1,343,088 | -€470,731 | -26.0% |
| Financial debts | 170/4 | €533,819 | €394,388 | -€139,431 | -26.1% |
| Other amounts payable | 178/9 | €1,280,000 | €948,700 | -€331,300 | -25.9% |
| Amounts payable within one year | 42/48 | €394,094 | €639,778 | +€245,685 | +62.3% |
| Current portion of amounts payable after more than one year | 42 | €137,356 | €139,431 | +€2,075 | +1.5% |
| Financial debts | 43 | €3,590 | €4 | -€3,586 | -99.9% |
| Credit institutions | 430/8 | €3,590 | €4 | -€3,586 | -99.9% |
| Trade debts | 44 | €203,512 | €314,126 | +€110,614 | +54.4% |
| Suppliers | 440/4 | €203,512 | €314,126 | +€110,614 | +54.4% |
| Taxes, remuneration and social security | 45 | €21,796 | €72,423 | +€50,627 | +232.3% |
| Taxes | 450/3 | €16,245 | €72,423 | +€56,179 | +345.8% |
| Remuneration and social security | 454/9 | €5,552 | €0 | -€5,552 | -100.0% |
| Other amounts payable | 47/48 | €27,839 | €113,794 | +€85,955 | +308.8% |
| Accrued charges and deferred income | 492/3 | €218 | €0 | -€218 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €34,001 | €9,678 | -€24,323 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €0 | -€384 | -100.0% |
| Other operating charges | 640/8 | €7,967 | €7,536 | -€430 | -5.4% |
| Gross operating margin | 9900 | €109,736 | -€45,593 | -€155,329 | |
| Operating profit (loss) | 9901 | €67,385 | -€62,807 | -€130,191 | |
| Financial income | 75/76B | €824 | €1,331 | +€508 | +61.6% |
| Recurring financial income | 75 | €824 | €331 | -€492 | -59.8% |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €15,767 | €19,712 | +€3,945 | +25.0% |
| Recurring financial charges | 65 | €15,767 | €19,712 | +€3,945 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €52,441 | -€81,188 | -€133,629 | |
| Income taxes | 67/77 | €266 | €69 | -€197 | -74.0% |
| Profit (loss) for the period | 9904 | €52,176 | -€81,257 | -€133,433 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,176 | -€81,257 | -€133,433 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.