P.H.A.: 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.
P.H.A.
Largest movements
- Cash +€10,669
up €10,669 (+31.8%), from €33,542 to €44,211
mainly Net result for the year (+€5,743) and Tax, wage and social debts (+€4,697)
- Profit (loss) carried forward +€5,743
up €5,743 (+13.2%), from €43,527 to €49,269
- Tax, wage and social debts +€4,697
up €4,697 (+162.6%), from €2,888 to €7,584
- Taxes +€12,417
new in 2025: €12,417
- Gross operating margin -€3,896
down €3,896 (-17.4%), from €22,340 to €18,445
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 | €49,461 | €60,047 | +€10,586 | +21.4% |
| Current assets | 29/58 | €49,461 | €60,047 | +€10,586 | +21.4% |
| Amounts receivable within one year | 40/41 | €15,877 | €15,676 | -€202 | -1.3% |
| Trade receivables | 40 | €14,427 | €13,779 | -€648 | -4.5% |
| Other amounts receivable | 41 | €1,450 | €1,896 | +€446 | +30.8% |
| Cash at bank and in hand | 54/58 | €33,542 | €44,211 | +€10,669 | +31.8% |
| Deferred charges and accrued income | 490/1 | €41 | €160 | +€119 | +289.5% |
| Total equity and liabilities | 10/49 | €49,461 | €60,047 | +€10,586 | +21.4% |
| Equity | 10/15 | €46,527 | €52,269 | +€5,743 | +12.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,527 | €49,269 | +€5,743 | +13.2% |
| Amounts payable | 17/49 | €2,934 | €7,778 | +€4,844 | +165.1% |
| Amounts payable within one year | 42/48 | €2,934 | €7,778 | +€4,844 | +165.1% |
| Trade debts | 44 | €46 | €194 | +€147 | +318.2% |
| Suppliers | 440/4 | €46 | €194 | +€147 | +318.2% |
| Taxes, remuneration and social security | 45 | €2,888 | €7,584 | +€4,697 | +162.6% |
| Taxes | 450/3 | €2,888 | €7,584 | +€4,697 | +162.6% |
| Other operating charges | 640/8 | - | €60 | +€60 | |
| Gross operating margin | 9900 | €22,340 | €18,445 | -€3,896 | -17.4% |
| Operating profit (loss) | 9901 | €22,340 | €18,385 | -€3,956 | -17.7% |
| Financial charges | 65/66B | €44 | €226 | +€182 | +418.8% |
| Recurring financial charges | 65 | €44 | €226 | +€182 | +418.8% |
| Profit (loss) for the period before taxes | 9903 | €22,297 | €18,159 | -€4,138 | -18.6% |
| Income taxes | 67/77 | - | €12,417 | +€12,417 | |
| Profit (loss) for the period | 9904 | €22,297 | €5,743 | -€16,554 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,297 | €5,743 | -€16,554 | -74.2% |
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 1 October 2026 via checked.be.