P.H.D. SERVICES: 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.D. SERVICES
Largest movements
- Receivables within one year +€151,759
up €151,759 (+36.7%), from €413,369 to €565,128
of which Other amounts receivable: +€142,543
- Tangible fixed assets -€57,926
down €57,926 (-54.1%), from €106,975 to €49,049
of which Furniture and vehicles: -€55,943
- Deferred charges and accrued income +€16,144
up €16,144 (+18.8%), from €85,821 to €101,965
- Profit (loss) carried forward +€59,989
up €59,989 (+21.7%), from €275,835 to €335,824
- Debts after one year +€45,804
up €45,804 (+129%), from €35,399 to €81,204
- Trade debts +€25,943
up €25,943 (+26.1%), from €99,422 to €125,365
- Tax, wage and social debts -€17,312
down €17,312 (-23.1%), from €75,014 to €57,702
of which Taxes: -€22,366
- Other operating charges +€29,057
up €29,057 (+355%), from €8,194 to €37,250
- Gross operating margin +€27,111
up €27,111 (+7.7%), from €353,462 to €380,574
- Depreciation -€22,880
down €22,880 (-53.0%), from €43,178 to €20,298
- Staff costs +€22,544
up €22,544 (+11.0%), from €204,720 to €227,263
- Taxes -€7,941
down €7,941 (-25.1%), from €31,614 to €23,673
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €691,165 | €804,538 | +€113,373 | +16.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €110,292 | €52,366 | -€57,926 | -52.5% |
| Tangible fixed assets | 22/27 | €106,975 | €49,049 | -€57,926 | -54.1% |
| Plant, machinery and equipment | 23 | €10,367 | €8,384 | -€1,983 | -19.1% |
| Furniture and vehicles | 24 | €94,095 | €38,152 | -€55,943 | -59.5% |
| Other tangible fixed assets | 26 | €2,513 | €2,513 | = | 0.0% |
| Financial fixed assets | 28 | €3,317 | €3,317 | = | 0.0% |
| Current assets | 29/58 | €580,873 | €752,172 | +€171,299 | +29.5% |
| Stocks and contracts in progress | 3 | €69,531 | €76,542 | +€7,012 | +10.1% |
| Stocks | 30/36 | €69,531 | €76,542 | +€7,012 | +10.1% |
| Amounts receivable within one year | 40/41 | €413,369 | €565,128 | +€151,759 | +36.7% |
| Trade receivables | 40 | €102,461 | €111,677 | +€9,217 | +9.0% |
| Other amounts receivable | 41 | €310,908 | €453,451 | +€142,543 | +45.8% |
| Cash at bank and in hand | 54/58 | €12,152 | €8,536 | -€3,616 | -29.8% |
| Deferred charges and accrued income | 490/1 | €85,821 | €101,965 | +€16,144 | +18.8% |
| Total equity and liabilities | 10/49 | €691,165 | €804,538 | +€113,373 | +16.4% |
| Equity | 10/15 | €443,215 | €503,204 | +€59,989 | +13.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €161,130 | €161,130 | = | 0.0% |
| Distributable reserves | 133 | €161,130 | €161,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | €275,835 | €335,824 | +€59,989 | +21.7% |
| Amounts payable | 17/49 | €247,950 | €301,334 | +€53,384 | +21.5% |
| Amounts payable after more than one year | 17 | €35,399 | €81,204 | +€45,804 | +129% |
| Financial debts | 170/4 | €35,399 | €81,204 | +€45,804 | +129% |
| Amounts payable within one year | 42/48 | €211,808 | €220,131 | +€8,322 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €33,387 | €27,196 | -€6,192 | -18.5% |
| Financial debts | 43 | €3,985 | €9,868 | +€5,884 | +148% |
| Credit institutions | 430/8 | €3,985 | €9,868 | +€5,884 | +148% |
| Trade debts | 44 | €99,422 | €125,365 | +€25,943 | +26.1% |
| Suppliers | 440/4 | €99,422 | €125,365 | +€25,943 | +26.1% |
| Taxes, remuneration and social security | 45 | €75,014 | €57,702 | -€17,312 | -23.1% |
| Taxes | 450/3 | €39,877 | €17,512 | -€22,366 | -56.1% |
| Remuneration and social security | 454/9 | €35,136 | €40,190 | +€5,054 | +14.4% |
| Accrued charges and deferred income | 492/3 | €743 | - | -€743 | |
| Remuneration, social security and pensions | 62 | €204,720 | €227,263 | +€22,544 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,178 | €20,298 | -€22,880 | -53.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,768 | +€5,768 | |
| Other operating charges | 640/8 | €8,194 | €37,250 | +€29,057 | +355% |
| Gross operating margin | 9900 | €353,462 | €380,574 | +€27,111 | +7.7% |
| Operating profit (loss) | 9901 | €97,371 | €89,995 | -€7,376 | -7.6% |
| Financial income | 75/76B | €138 | €4 | -€134 | -97.2% |
| Recurring financial income | 75 | €138 | €4 | -€134 | -97.2% |
| Financial charges | 65/66B | €5,849 | €6,337 | +€488 | +8.4% |
| Recurring financial charges | 65 | €5,849 | €6,337 | +€488 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €91,660 | €83,661 | -€7,999 | -8.7% |
| Income taxes | 67/77 | €31,614 | €23,673 | -€7,941 | -25.1% |
| Profit (loss) for the period | 9904 | €60,046 | €59,989 | -€58 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,046 | €59,989 | -€58 | -0.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.