IT-PHI: 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.
IT-PHI
Largest movements
- Receivables within one year +€66,363
up €66,363 (+105%), from €63,040 to €129,403
of which Trade receivables: +€63,863
- Current investments +€49,963
up €49,963 (+32.6%), from €153,066 to €203,029
- Cash -€29,316
down €29,316 (-32.0%), from €91,597 to €62,280
mainly Contributions, distributions and other (-€160,900) and Receivables within one year (-€66,363)
- Other debts +€121,891
up €121,891 (+312%), from €39,009 to €160,900
- Reserves -€69,941
down €69,941 (-25.2%), from €277,760 to €207,819
- Tax, wage and social debts +€19,804
up €19,804 (+42.7%), from €46,362 to €66,166
- Trade debts +€18,618
up €18,618 (+592%), from €3,145 to €21,763
- Gross operating margin +€12,590
up €12,590 (+10.8%), from €116,881 to €129,471
- Taxes +€4,506
up €4,506 (+12.9%), from €34,905 to €39,411
- Financial income +€2,446
up €2,446 (+143%), from €1,709 to €4,155
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 | €375,246 | €465,853 | +€90,607 | +24.1% |
| Fixed assets | 21/28 | €5,995 | €5,882 | -€113 | -1.9% |
| Tangible fixed assets | 22/27 | €5,995 | €5,882 | -€113 | -1.9% |
| Furniture and vehicles | 24 | €428 | €888 | +€460 | +108% |
| Other tangible fixed assets | 26 | €5,567 | €4,993 | -€574 | -10.3% |
| Current assets | 29/58 | €369,251 | €459,971 | +€90,720 | +24.6% |
| Amounts receivable after more than one year | 29 | €59,410 | €61,580 | +€2,170 | +3.7% |
| Other amounts receivable | 291 | €59,410 | €61,580 | +€2,170 | +3.7% |
| Amounts receivable within one year | 40/41 | €63,040 | €129,403 | +€66,363 | +105% |
| Trade receivables | 40 | €63,040 | €126,903 | +€63,863 | +101% |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Current investments | 50/53 | €153,066 | €203,029 | +€49,963 | +32.6% |
| Cash at bank and in hand | 54/58 | €91,597 | €62,280 | -€29,316 | -32.0% |
| Deferred charges and accrued income | 490/1 | €2,139 | €3,679 | +€1,540 | +72.0% |
| Total equity and liabilities | 10/49 | €375,246 | €465,853 | +€90,607 | +24.1% |
| Equity | 10/15 | €286,730 | €216,788 | -€69,941 | -24.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €277,760 | €207,819 | -€69,941 | -25.2% |
| Distributable reserves | 133 | €277,760 | €207,819 | -€69,941 | -25.2% |
| Profit (loss) carried forward | 14 | €2,770 | €2,770 | = | 0.0% |
| Amounts payable | 17/49 | €88,516 | €249,064 | +€160,548 | +181% |
| Amounts payable within one year | 42/48 | €88,516 | €248,829 | +€160,313 | +181% |
| Trade debts | 44 | €3,145 | €21,763 | +€18,618 | +592% |
| Suppliers | 440/4 | €3,145 | €21,763 | +€18,618 | +592% |
| Taxes, remuneration and social security | 45 | €46,362 | €66,166 | +€19,804 | +42.7% |
| Taxes | 450/3 | €46,362 | €66,166 | +€19,804 | +42.7% |
| Other amounts payable | 47/48 | €39,009 | €160,900 | +€121,891 | +312% |
| Accrued charges and deferred income | 492/3 | - | €235 | +€235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,151 | €1,182 | +€31 | +2.7% |
| Other operating charges | 640/8 | €494 | €766 | +€272 | +55.1% |
| Gross operating margin | 9900 | €116,881 | €129,471 | +€12,590 | +10.8% |
| Operating profit (loss) | 9901 | €115,236 | €127,523 | +€12,287 | +10.7% |
| Financial income | 75/76B | €1,709 | €4,155 | +€2,446 | +143% |
| Recurring financial income | 75 | €1,709 | €4,155 | +€2,446 | +143% |
| Financial charges | 65/66B | €1,221 | €1,309 | +€88 | +7.2% |
| Recurring financial charges | 65 | €1,221 | €1,309 | +€88 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €115,725 | €130,370 | +€14,645 | +12.7% |
| Income taxes | 67/77 | €34,905 | €39,411 | +€4,506 | +12.9% |
| Profit (loss) for the period | 9904 | €80,820 | €90,959 | +€10,139 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,820 | €90,959 | +€10,139 | +12.5% |
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 13 October 2026 via checked.be.