P.H.K.: 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.K.
Largest movements
- Tangible fixed assets -€20,819
down €20,819 (-53.9%), from €38,597 to €17,778
- Receivables within one year -€12,227
down €12,227 (-24.6%), from €49,645 to €37,419
of which Other amounts receivable: -€12,061
- Cash -€2,767
down €2,767 (-28.2%), from €9,819 to €7,052
mainly Net result for the year (-€61,454) and Debts after one year (-€12,457)
- Deferred charges and accrued income -€1,905
no longer reported in 2024 (was €1,905)
- Intangible fixed assets -€1,800
down €1,800 (-59.3%), from €3,038 to €1,238
- Profit (loss) carried forward -€61,454
down €61,454 (-127%), from -€48,300 to -€109,754
- Other debts +€32,485
new in 2024: €32,485
- Debts after one year -€12,457
no longer reported in 2024 (was €12,457)
- Trade debts +€5,640
up €5,640 (+105%), from €5,356 to €10,997
of which Bills of exchange payable: +€4,645
- Current portion of long-term debt -€4,008
down €4,008 (-24.3%), from €16,465 to €12,457
- Gross operating margin -€28,726
down €28,726 (-239%), from -€12,000 to -€40,726
- Taxes -€12,547
down €12,547, from €7,763 to -€4,784
- Depreciation -€2,248
down €2,248 (-9.0%), from €24,867 to €22,619
- Other operating charges -€2,149
down €2,149 (-63.3%), from €3,397 to €1,248
- Financial charges +€726
up €726 (+72.0%), from €1,008 to €1,734
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 | €103,045 | €63,527 | -€39,518 | -38.4% |
| Fixed assets | 21/28 | €41,675 | €19,057 | -€22,619 | -54.3% |
| Intangible fixed assets | 21 | €3,038 | €1,238 | -€1,800 | -59.3% |
| Tangible fixed assets | 22/27 | €38,597 | €17,778 | -€20,819 | -53.9% |
| Furniture and vehicles | 24 | €38,597 | €17,778 | -€20,819 | -53.9% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €61,369 | €44,471 | -€16,899 | -27.5% |
| Amounts receivable within one year | 40/41 | €49,645 | €37,419 | -€12,227 | -24.6% |
| Trade receivables | 40 | €7,986 | €7,820 | -€166 | -2.1% |
| Other amounts receivable | 41 | €41,659 | €29,599 | -€12,061 | -29.0% |
| Cash at bank and in hand | 54/58 | €9,819 | €7,052 | -€2,767 | -28.2% |
| Deferred charges and accrued income | 490/1 | €1,905 | - | -€1,905 | |
| Total equity and liabilities | 10/49 | €103,045 | €63,527 | -€39,518 | -38.4% |
| Equity | 10/15 | €64,163 | €2,710 | -€61,454 | -95.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €93,872 | €93,872 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €92,012 | €93,872 | +€1,859 | +2.0% |
| Profit (loss) carried forward | 14 | -€48,300 | -€109,754 | -€61,454 | -127% |
| Amounts payable | 17/49 | €38,881 | €60,817 | +€21,936 | +56.4% |
| Amounts payable after more than one year | 17 | €12,457 | - | -€12,457 | |
| Financial debts | 170/4 | €12,457 | - | -€12,457 | |
| Amounts payable within one year | 42/48 | €26,424 | €60,817 | +€34,393 | +130% |
| Current portion of amounts payable after more than one year | 42 | €16,465 | €12,457 | -€4,008 | -24.3% |
| Financial debts | 43 | - | €2,664 | +€2,664 | |
| Credit institutions | 430/8 | - | €2,664 | +€2,664 | |
| Trade debts | 44 | €5,356 | €10,997 | +€5,640 | +105% |
| Suppliers | 440/4 | €5,356 | €6,352 | +€995 | +18.6% |
| Bills of exchange payable | 441 | - | €4,645 | +€4,645 | |
| Taxes, remuneration and social security | 45 | €4,603 | €2,214 | -€2,389 | -51.9% |
| Taxes | 450/3 | €3,291 | €2,214 | -€1,076 | -32.7% |
| Remuneration and social security | 454/9 | €1,312 | - | -€1,312 | |
| Other amounts payable | 47/48 | - | €32,485 | +€32,485 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,867 | €22,619 | -€2,248 | -9.0% |
| Other operating charges | 640/8 | €3,397 | €1,248 | -€2,149 | -63.3% |
| Gross operating margin | 9900 | -€12,000 | -€40,726 | -€28,726 | -239% |
| Operating profit (loss) | 9901 | -€40,264 | -€64,593 | -€24,330 | -60.4% |
| Financial income | 75/76B | €297 | €90 | -€207 | -69.6% |
| Recurring financial income | 75 | €297 | €90 | -€207 | -69.6% |
| Financial charges | 65/66B | €1,008 | €1,734 | +€726 | +72.0% |
| Recurring financial charges | 65 | €1,008 | €1,734 | +€726 | +72.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,975 | -€66,237 | -€25,262 | -61.7% |
| Income taxes | 67/77 | €7,763 | -€4,784 | -€12,547 | |
| Profit (loss) for the period | 9904 | -€48,739 | -€61,454 | -€12,715 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,739 | -€61,454 | -€12,715 | -26.1% |
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 18 October 2026 via checked.be.