P.H. CLEAN: 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.
P.H. CLEAN
Largest movements
- Cash -€73,477
down €73,477 (-27.7%), from €265,305 to €191,828
mainly Contributions, distributions and other (-€546,603) and Investment in fixed assets (net) (-€122,885)
- Deferred charges and accrued income +€58,212
up €58,212 (+216%), from €26,897 to €85,109
- Tangible fixed assets +€22,487
up €22,487 (+3.0%), from €744,155 to €766,642
of which Other tangible fixed assets: +€59,278
- Receivables after one year -€20,591
down €20,591 (-100%), from €20,591 to €0
- Reserves -€359,500
down €359,500 (-51.8%), from €693,560 to €334,060
- Other debts +€255,381
up €255,381 (+84.2%), from €303,305 to €558,686
- Trade debts +€42,675
up €42,675 (+23.7%), from €180,425 to €223,099
- Current portion of long-term debt +€34,117
up €34,117 (+15.5%), from €220,223 to €254,340
- Staff costs +€146,916
up €146,916 (+14.8%), from €993,980 to €1.1m
- Gross operating margin +€41,057
up €41,057 (+2.7%), from €1.5m to €1.6m
- Taxes -€27,994
down €27,994 (-24.7%), from €113,519 to €85,525
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 | €1,615,724 | €1,595,947 | -€19,777 | -1.2% |
| Fixed assets | 21/28 | €758,532 | €767,444 | +€8,912 | +1.2% |
| Intangible fixed assets | 21 | €14,327 | €414 | -€13,914 | -97.1% |
| Tangible fixed assets | 22/27 | €744,155 | €766,642 | +€22,487 | +3.0% |
| Land and buildings | 22 | €525,512 | €498,427 | -€27,085 | -5.2% |
| Furniture and vehicles | 24 | €77,958 | €68,252 | -€9,706 | -12.5% |
| Other tangible fixed assets | 26 | €140,685 | €199,964 | +€59,278 | +42.1% |
| Financial fixed assets | 28 | €50 | €388 | +€339 | +683% |
| Current assets | 29/58 | €857,192 | €828,503 | -€28,689 | -3.3% |
| Amounts receivable after more than one year | 29 | €20,591 | €0 | -€20,591 | -100% |
| Other amounts receivable | 291 | €20,591 | €0 | -€20,591 | -100% |
| Amounts receivable within one year | 40/41 | €544,399 | €551,566 | +€7,168 | +1.3% |
| Trade receivables | 40 | €286,282 | €323,700 | +€37,419 | +13.1% |
| Other amounts receivable | 41 | €258,117 | €227,866 | -€30,251 | -11.7% |
| Cash at bank and in hand | 54/58 | €265,305 | €191,828 | -€73,477 | -27.7% |
| Deferred charges and accrued income | 490/1 | €26,897 | €85,109 | +€58,212 | +216% |
| Total equity and liabilities | 10/49 | €1,615,724 | €1,595,947 | -€19,777 | -1.2% |
| Equity | 10/15 | €755,762 | €395,170 | -€360,593 | -47.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €693,560 | €334,060 | -€359,500 | -51.8% |
| Distributable reserves | 133 | €693,560 | €334,060 | -€359,500 | -51.8% |
| Profit (loss) carried forward | 14 | €22,655 | €22,665 | +€10 | 0.0% |
| Investment grants | 15 | €20,955 | €19,852 | -€1,103 | -5.3% |
| Amounts payable | 17/49 | €859,962 | €1,200,777 | +€340,816 | +39.6% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €859,682 | €1,200,497 | +€340,815 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €220,223 | €254,340 | +€34,117 | +15.5% |
| Trade debts | 44 | €180,425 | €223,099 | +€42,675 | +23.7% |
| Suppliers | 440/4 | €180,425 | €223,099 | +€42,675 | +23.7% |
| Taxes, remuneration and social security | 45 | €155,729 | €164,371 | +€8,642 | +5.5% |
| Taxes | 450/3 | €60,261 | €73,800 | +€13,539 | +22.5% |
| Remuneration and social security | 454/9 | €95,468 | €90,571 | -€4,897 | -5.1% |
| Other amounts payable | 47/48 | €303,305 | €558,686 | +€255,381 | +84.2% |
| Accrued charges and deferred income | 492/3 | €280 | €281 | +€1 | +0.3% |
| Non-recurring operating income | 76A | €64,442 | €5,220 | -€59,222 | -91.9% |
| Remuneration, social security and pensions | 62 | €993,980 | €1,140,896 | +€146,916 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,167 | €113,972 | -€11,195 | -8.9% |
| Other operating charges | 640/8 | €14,274 | €14,047 | -€227 | -1.6% |
| Non-recurring operating charges | 66A | - | €14,343 | +€14,343 | |
| Gross operating margin | 9900 | €1,523,733 | €1,564,790 | +€41,057 | +2.7% |
| Operating profit (loss) | 9901 | €390,312 | €281,532 | -€108,780 | -27.9% |
| Financial income | 75/76B | €19,494 | €15,198 | -€4,297 | -22.0% |
| Recurring financial income | 75 | €11,237 | €15,095 | +€3,859 | +34.3% |
| Non-recurring financial income | 76B | €8,258 | €102 | -€8,155 | -98.8% |
| Financial charges | 65/66B | €22,918 | €25,194 | +€2,276 | +9.9% |
| Recurring financial charges | 65 | €22,918 | €25,194 | +€2,276 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €386,888 | €271,535 | -€115,353 | -29.8% |
| Income taxes | 67/77 | €113,519 | €85,525 | -€27,994 | -24.7% |
| Profit (loss) for the period | 9904 | €273,369 | €186,010 | -€87,359 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €273,369 | €186,010 | -€87,359 | -32.0% |
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 30 October 2026 via checked.be.