BK PHI: 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.
BK PHI
Largest movements
- Cash -€133,285
down €133,285 (-45.5%), from €292,776 to €159,491
mainly Debts after one year (-€137,007) and Net result for the year (-€129,960)
- Tangible fixed assets -€127,685
down €127,685 (-13.0%), from €981,911 to €854,226
of which Land and buildings: -€122,222
- Receivables within one year -€26,306
down €26,306 (-63.3%), from €41,550 to €15,244
of which Trade receivables: -€27,713
- Debts after one year -€137,007
down €137,007 (-15.3%), from €893,965 to €756,958
- Profit (loss) carried forward -€129,960
down €129,960 (-1045.9%), from -€12,426 to -€142,386
- Current portion of long-term debt +€19,544
up €19,544 (+13.6%), from €144,194 to €163,739
- Tax, wage and social debts -€16,724
down €16,724 (-22.2%), from €75,411 to €58,687
of which Remuneration and social security: -€13,432
- Gross operating margin -€410,854
down €410,854 (-41.6%), from €987,471 to €576,617
- Staff costs -€280,904
down €280,904 (-34.9%), from €803,803 to €522,899
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 | €1,375,988 | €1,094,680 | -€281,308 | -20.4% |
| Fixed assets | 21/28 | €1,011,414 | €880,007 | -€131,407 | -13.0% |
| Intangible fixed assets | 21 | €29,504 | €25,781 | -€3,722 | -12.6% |
| Tangible fixed assets | 22/27 | €981,911 | €854,226 | -€127,685 | -13.0% |
| Land and buildings | 22 | €968,775 | €846,552 | -€122,222 | -12.6% |
| Plant, machinery and equipment | 23 | €13,136 | €7,674 | -€5,462 | -41.6% |
| Current assets | 29/58 | €364,574 | €214,672 | -€149,901 | -41.1% |
| Stocks and contracts in progress | 3 | €16,198 | €19,335 | +€3,136 | +19.4% |
| Stocks | 30/36 | €16,198 | €19,335 | +€3,136 | +19.4% |
| Amounts receivable within one year | 40/41 | €41,550 | €15,244 | -€26,306 | -63.3% |
| Trade receivables | 40 | €38,105 | €10,392 | -€27,713 | -72.7% |
| Other amounts receivable | 41 | €3,445 | €4,853 | +€1,407 | +40.8% |
| Cash at bank and in hand | 54/58 | €292,776 | €159,491 | -€133,285 | -45.5% |
| Deferred charges and accrued income | 490/1 | €14,049 | €20,603 | +€6,553 | +46.6% |
| Total equity and liabilities | 10/49 | €1,375,988 | €1,094,680 | -€281,308 | -20.4% |
| Equity | 10/15 | €87,593 | -€42,368 | -€129,960 | |
| Contributions | 10/11 | €100,018 | €100,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,426 | -€142,386 | -€129,960 | -1045.9% |
| Amounts payable | 17/49 | €1,288,395 | €1,137,047 | -€151,348 | -11.7% |
| Amounts payable after more than one year | 17 | €893,965 | €756,958 | -€137,007 | -15.3% |
| Financial debts | 170/4 | €893,965 | €756,958 | -€137,007 | -15.3% |
| Amounts payable within one year | 42/48 | €392,247 | €380,089 | -€12,158 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €144,194 | €163,739 | +€19,544 | +13.6% |
| Trade debts | 44 | €162,794 | €157,294 | -€5,499 | -3.4% |
| Suppliers | 440/4 | €162,794 | €157,294 | -€5,499 | -3.4% |
| Taxes, remuneration and social security | 45 | €75,411 | €58,687 | -€16,724 | -22.2% |
| Taxes | 450/3 | €3,329 | €36 | -€3,292 | -98.9% |
| Remuneration and social security | 454/9 | €72,083 | €58,651 | -€13,432 | -18.6% |
| Other amounts payable | 47/48 | €9,848 | €369 | -€9,479 | -96.3% |
| Accrued charges and deferred income | 492/3 | €2,183 | - | -€2,183 | |
| Remuneration, social security and pensions | 62 | €803,803 | €522,899 | -€280,904 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,280 | €131,407 | -€7,873 | -5.7% |
| Other operating charges | 640/8 | €8,941 | €7,721 | -€1,219 | -13.6% |
| Gross operating margin | 9900 | €987,471 | €576,617 | -€410,854 | -41.6% |
| Operating profit (loss) | 9901 | €35,447 | -€85,410 | -€120,857 | |
| Financial income | 75/76B | €1,231 | €713 | -€518 | -42.1% |
| Recurring financial income | 75 | €1,231 | €713 | -€518 | -42.1% |
| Financial charges | 65/66B | €49,104 | €45,264 | -€3,840 | -7.8% |
| Recurring financial charges | 65 | €49,104 | €45,264 | -€3,840 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,426 | -€129,960 | -€117,535 | -945.9% |
| Profit (loss) for the period | 9904 | -€12,426 | -€129,960 | -€117,535 | -945.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,426 | -€129,960 | -€117,535 | -945.9% |
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 5 October 2026 via checked.be.