Fleishman-Hillard: 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.
What changed
Fleishman-Hillard
NACE 73.200, Market research and public opinion polling
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€2.2m
2023 · €2.2m-€29,347
Equity
€6.7m
2023 · €5.3m+€1.4m
Cash
€1.6m
2023 · €1.0m+€635,484
Balance sheet total
€10.1m
2023 · €8.3m+€1.8m
Largest movements
Assets
- Receivables within one year +€1.0m
up €1.0m (+16.4%), from €6.3m to €7.4m
of which Trade receivables: +€842,956
- Cash +€635,484
up €635,484 (+62.7%), from €1.0m to €1.6m
mainly Net result for the year (+€2.2m) and Advances received (+€394,865)
- Deferred charges and accrued income +€102,648
up €102,648 (+44.3%), from €231,745 to €334,393
Equity and liabilities
- Profit (loss) carried forward +€1.4m
up €1.4m (+29.3%), from €4.9m to €6.3m
- Advances received +€394,865
up €394,865 (+104%), from €380,891 to €775,756
Income statement
- Services and other goods +€659,950
up €659,950 (+15.4%), from €4.3m to €5.0m
- Turnover +€614,633
up €614,633 (+3.0%), from €20.7m to €21.3m
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.
Result 2023
€2.2m
Turnover
+€614,633
Other operating income
+€13,537
Goods and materials
-€14,464
Services and other goods
-€659,950
Staff costs
+€85,083
Depreciation
+€11,474
Financial income
+€17,172
Financial charges
+€14,540
Taxes
-€111,372
Result 2024
€2.2m
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€1.5m
Investment
-€141,120
Financing
-€749,352
Cash 2023
€1.0m
From operations (derived)
+€1.5m
Net result for the year
+€2.2m
Depreciation
+€166,263
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€102,648
Trade debts
-€18,785
Tax, wage and social debts
-€47,316
Advances received
+€394,865
Accrued charges and deferred income
-€12,449
Investment (derived)
-€141,120
Investment in fixed assets (net)
-€141,120
Financing
-€749,352
Debts after one year
-€8,906
Current portion of long-term debt
+€9,554
Contributions, distributions and other
-€750,000
Cash 2024
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,329,516 | €10,079,719 | +€1.8m | +21.0% |
| Fixed assets | 21/28 | €744,314 | €719,171 | -€25,143 | -3.4% |
| Tangible fixed assets | 22/27 | €744,314 | €719,171 | -€25,143 | -3.4% |
| Plant, machinery and equipment | 23 | €127,622 | €126,438 | -€1,184 | -0.9% |
| Furniture and vehicles | 24 | €157,866 | €174,662 | +€16,796 | +10.6% |
| Leasing and similar rights | 25 | €55,151 | €55,447 | +€296 | +0.5% |
| Other tangible fixed assets | 26 | €403,675 | €362,624 | -€41,051 | -10.2% |
| Current assets | 29/58 | €7,585,202 | €9,360,548 | +€1.8m | +23.4% |
| Amounts receivable within one year | 40/41 | €6,340,322 | €7,377,536 | +€1.0m | +16.4% |
| Trade receivables | 40 | €6,325,321 | €7,168,277 | +€842,956 | +13.3% |
| Other amounts receivable | 41 | €15,001 | €209,259 | +€194,258 | +1,295% |
| Cash at bank and in hand | 54/58 | €1,013,135 | €1,648,619 | +€635,484 | +62.7% |
| Deferred charges and accrued income | 490/1 | €231,745 | €334,393 | +€102,648 | +44.3% |
| Total equity and liabilities | 10/49 | €8,329,516 | €10,079,719 | +€1.8m | +21.0% |
| Equity | 10/15 | €5,306,381 | €6,739,621 | +€1.4m | +27.0% |
| Contributions | 10/11 | €380,000 | €380,000 | = | 0.0% |
| Capital | 10 | €380,000 | €380,000 | = | 0.0% |
| Issued capital | 100 | €380,000 | €380,000 | = | 0.0% |
| Reserves | 13 | €38,000 | €38,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,000 | €38,000 | = | 0.0% |
| Legal reserve | 130 | €38,000 | €38,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,888,381 | €6,321,621 | +€1.4m | +29.3% |
| Amounts payable | 17/49 | €3,023,135 | €3,340,098 | +€316,963 | +10.5% |
| Amounts payable after more than one year | 17 | €16,978 | €8,072 | -€8,906 | -52.5% |
| Financial debts | 170/4 | €16,978 | €8,072 | -€8,906 | -52.5% |
| Leasing and similar obligations | 172 | €16,978 | €8,072 | -€8,906 | -52.5% |
| Amounts payable within one year | 42/48 | €2,927,833 | €3,266,151 | +€338,318 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €40,971 | €50,525 | +€9,554 | +23.3% |
| Trade debts | 44 | €843,686 | €824,901 | -€18,785 | -2.2% |
| Suppliers | 440/4 | €843,686 | €824,901 | -€18,785 | -2.2% |
| Advances received on contracts in progress | 46 | €380,891 | €775,756 | +€394,865 | +104% |
| Taxes, remuneration and social security | 45 | €1,662,285 | €1,614,969 | -€47,316 | -2.8% |
| Taxes | 450/3 | €374,186 | €585,678 | +€211,492 | +56.5% |
| Remuneration and social security | 454/9 | €1,288,099 | €1,029,291 | -€258,808 | -20.1% |
| Accrued charges and deferred income | 492/3 | €78,324 | €65,875 | -€12,449 | -15.9% |
| Operating income | 70/76A | €20,699,495 | €21,327,665 | +€628,170 | +3.0% |
| Turnover | 70 | €20,655,546 | €21,270,179 | +€614,633 | +3.0% |
| Other operating income | 74 | €43,949 | €57,486 | +€13,537 | +30.8% |
| Operating charges | 60/66A | €17,722,400 | €18,300,257 | +€577,857 | +3.3% |
| Goods for resale, raw materials and consumables | 60 | €3,186,576 | €3,201,040 | +€14,464 | +0.5% |
| Purchases | 600/8 | €3,186,576 | €3,201,040 | +€14,464 | +0.5% |
| Services and other goods | 61 | €4,290,213 | €4,950,163 | +€659,950 | +15.4% |
| Remuneration, social security and pensions | 62 | €10,067,874 | €9,982,791 | -€85,083 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,737 | €166,263 | -€11,474 | -6.5% |
| Operating profit (loss) | 9901 | €2,977,095 | €3,027,408 | +€50,313 | +1.7% |
| Financial income | 75/76B | €70,735 | €87,907 | +€17,172 | +24.3% |
| Recurring financial income | 75 | €70,735 | €87,907 | +€17,172 | +24.3% |
| Income from current assets | 751 | €42,270 | €41,288 | -€982 | -2.3% |
| Other financial income | 752/9 | €28,465 | €46,619 | +€18,154 | +63.8% |
| Financial charges | 65/66B | €74,822 | €60,282 | -€14,540 | -19.4% |
| Recurring financial charges | 65 | €74,822 | €60,282 | -€14,540 | -19.4% |
| Other financial charges | 652/9 | €74,822 | €60,282 | -€14,540 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €2,973,008 | €3,055,033 | +€82,025 | +2.8% |
| Income taxes | 67/77 | €760,421 | €871,793 | +€111,372 | +14.6% |
| Taxes | 670/3 | €875,000 | €874,808 | -€192 | 0.0% |
| Tax adjustments and reversals of tax provisions | 77 | €114,579 | €3,015 | -€111,564 | -97.4% |
| Profit (loss) for the period | 9904 | €2,212,587 | €2,183,240 | -€29,347 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,212,587 | €2,183,240 | -€29,347 | -1.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.