FLHM PUBLICUM: 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.
FLHM PUBLICUM
Largest movements
- Receivables within one year +€41,559
up €41,559 (+37.9%), from €109,728 to €151,287
of which Trade receivables: +€41,559
- Tangible fixed assets -€22,716
down €22,716 (-11.4%), from €198,627 to €175,910
- Cash -€8,912
down €8,912 (-6.9%), from €129,135 to €120,223
mainly Contributions, distributions and other (-€218,697) and Receivables within one year (-€41,559)
- Other debts +€29,916
up €29,916 (+87.7%), from €34,125 to €64,041
- Debts after one year -€16,156
down €16,156 (-8.2%), from €196,364 to €180,208
- Reserves -€9,855
down €9,855 (-7.9%), from €124,075 to €114,219
- Gross operating margin +€56,994
up €56,994 (+22.6%), from €252,545 to €309,540
- Taxes +€15,790
up €15,790 (+29.6%), from €53,432 to €69,222
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 | €440,786 | €450,912 | +€10,125 | +2.3% |
| Fixed assets | 21/28 | €198,627 | €175,910 | -€22,716 | -11.4% |
| Tangible fixed assets | 22/27 | €198,627 | €175,910 | -€22,716 | -11.4% |
| Land and buildings | 22 | €151,127 | €140,327 | -€10,800 | -7.1% |
| Plant, machinery and equipment | 23 | €34,784 | €27,100 | -€7,684 | -22.1% |
| Furniture and vehicles | 24 | €12,715 | €8,483 | -€4,232 | -33.3% |
| Current assets | 29/58 | €242,160 | €275,001 | +€32,842 | +13.6% |
| Amounts receivable within one year | 40/41 | €109,728 | €151,287 | +€41,559 | +37.9% |
| Trade receivables | 40 | €109,728 | €151,287 | +€41,559 | +37.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €129,135 | €120,223 | -€8,912 | -6.9% |
| Deferred charges and accrued income | 490/1 | €3,296 | €3,491 | +€195 | +5.9% |
| Total equity and liabilities | 10/49 | €440,786 | €450,912 | +€10,125 | +2.3% |
| Equity | 10/15 | €142,675 | €132,819 | -€9,855 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,075 | €114,219 | -€9,855 | -7.9% |
| Distributable reserves | 133 | €124,075 | €114,219 | -€9,855 | -7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €298,112 | €318,092 | +€19,981 | +6.7% |
| Amounts payable after more than one year | 17 | €196,364 | €180,208 | -€16,156 | -8.2% |
| Financial debts | 170/4 | €196,364 | €180,208 | -€16,156 | -8.2% |
| Amounts payable within one year | 42/48 | €101,748 | €137,884 | +€36,136 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | €15,901 | €16,156 | +€254 | +1.6% |
| Trade debts | 44 | €7,808 | €9,359 | +€1,552 | +19.9% |
| Suppliers | 440/4 | €7,808 | €9,359 | +€1,552 | +19.9% |
| Taxes, remuneration and social security | 45 | €43,914 | €48,327 | +€4,414 | +10.1% |
| Taxes | 450/3 | €43,914 | €48,327 | +€4,414 | +10.1% |
| Other amounts payable | 47/48 | €34,125 | €64,041 | +€29,916 | +87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,081 | €27,061 | -€1,019 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,504 | -€1,199 | -€2,703 | |
| Other operating charges | 640/8 | €1,311 | €1,361 | +€50 | +3.8% |
| Gross operating margin | 9900 | €252,545 | €309,540 | +€56,994 | +22.6% |
| Operating profit (loss) | 9901 | €221,649 | €282,316 | +€60,667 | +27.4% |
| Financial income | 75/76B | €648 | €950 | +€302 | +46.6% |
| Recurring financial income | 75 | €648 | €950 | +€302 | +46.6% |
| Financial charges | 65/66B | €4,940 | €5,202 | +€262 | +5.3% |
| Recurring financial charges | 65 | €4,940 | €5,202 | +€262 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €217,357 | €278,064 | +€60,707 | +27.9% |
| Income taxes | 67/77 | €53,432 | €69,222 | +€15,790 | +29.6% |
| Profit (loss) for the period | 9904 | €163,925 | €208,841 | +€44,916 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €163,925 | €208,841 | +€44,916 | +27.4% |
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 24 October 2026 via checked.be.