Dr. PhB: 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.
Dr. PhB
Largest movements
- Cash +€112,945
up €112,945 (+55.3%), from €204,148 to €317,093
mainly Net result for the year (+€74,144) and Tax, wage and social debts (+€19,638)
- Tangible fixed assets -€17,989
down €17,989 (-25.4%), from €70,830 to €52,842
- Reserves +€74,144
up €74,144 (+38.6%), from €192,247 to €266,392
- Tax, wage and social debts +€19,638
up €19,638 (+149.4%), from €13,147 to €32,785
- Gross operating margin +€44,321
up €44,321 (+56.8%), from €78,020 to €122,340
- Financial income -€21,246
down €21,246 (-94.4%), from €22,515 to €1,269
of which Non-recurring financial income: -€22,000
- Taxes +€6,717
up €6,717 (+28.8%), from €23,301 to €30,019
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 | €275,094 | €370,049 | +€94,956 | +34.5% |
| Fixed assets | 21/28 | €70,945 | €52,957 | -€17,989 | -25.4% |
| Tangible fixed assets | 22/27 | €70,830 | €52,842 | -€17,989 | -25.4% |
| Furniture and vehicles | 24 | €70,830 | €52,842 | -€17,989 | -25.4% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €204,148 | €317,093 | +€112,945 | +55.3% |
| Cash at bank and in hand | 54/58 | €204,148 | €317,093 | +€112,945 | +55.3% |
| Total equity and liabilities | 10/49 | €275,094 | €370,049 | +€94,956 | +34.5% |
| Equity | 10/15 | €254,404 | €328,549 | +€74,144 | +29.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €192,247 | €266,392 | +€74,144 | +38.6% |
| Distributable reserves | 133 | €192,247 | €266,392 | +€74,144 | +38.6% |
| Profit (loss) carried forward | 14 | €49,757 | €49,757 | = | 0.0% |
| Amounts payable | 17/49 | €20,689 | €41,500 | +€20,811 | +100.6% |
| Amounts payable within one year | 42/48 | €20,689 | €41,500 | +€20,811 | +100.6% |
| Current portion of amounts payable after more than one year | 42 | €2,602 | €2,590 | -€12 | -0.4% |
| Trade debts | 44 | €24 | €558 | +€534 | +2255.9% |
| Suppliers | 440/4 | €24 | €558 | +€534 | +2255.9% |
| Taxes, remuneration and social security | 45 | €13,147 | €32,785 | +€19,638 | +149.4% |
| Taxes | 450/3 | €13,147 | €32,785 | +€19,638 | +149.4% |
| Other amounts payable | 47/48 | €4,917 | €5,568 | +€651 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,483 | €17,989 | +€506 | +2.9% |
| Other operating charges | 640/8 | €656 | €651 | -€6 | -0.9% |
| Gross operating margin | 9900 | €78,020 | €122,340 | +€44,321 | +56.8% |
| Operating profit (loss) | 9901 | €59,880 | €103,701 | +€43,821 | +73.2% |
| Financial income | 75/76B | €22,515 | €1,269 | -€21,246 | -94.4% |
| Recurring financial income | 75 | €515 | €1,269 | +€754 | +146.3% |
| Non-recurring financial income | 76B | €22,000 | - | -€22,000 | |
| Financial charges | 65/66B | €781 | €807 | +€26 | +3.3% |
| Recurring financial charges | 65 | €547 | €500 | -€47 | -8.5% |
| Non-recurring financial charges | 66B | €234 | €307 | +€72 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €81,614 | €104,163 | +€22,549 | +27.6% |
| Income taxes | 67/77 | €23,301 | €30,019 | +€6,717 | +28.8% |
| Profit (loss) for the period | 9904 | €58,313 | €74,144 | +€15,831 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,313 | €74,144 | +€15,831 | +27.1% |
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 9 October 2026 via checked.be.