PFH: 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.
What changed
PFH
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,907
2024 · -€76,657+€94,563
Equity
€58.2m
2024 · €58.2m+€17,907
Cash
€237,450
2024 · €81,634+€155,816
Balance sheet total
€66.5m
2024 · €66.2m+€297,083
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Turnover +€120,000
up €120,000 (+50.0%), from €240,000 to €360,000
- Financial charges -€94,610
down €94,610 (-28.0%), from €338,164 to €243,554
- Services and other goods +€72,582
up €72,582 (+43.1%), from €168,579 to €241,160
- Taxes +€28,172
up €28,172, from -€10 to €28,162
of which Taxes: +€28,162
- Financial income -€20,449
down €20,449 (-8.7%), from €235,580 to €215,131
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.
Result 2024
-€76,657
Turnover
+€120,000
Other operating income
-€15
Services and other goods
-€72,582
Depreciation
+€1,123
Other operating charges
+€49
Financial income
-€20,449
Financial charges
+€94,610
Taxes
-€28,172
Result 2025
€17,907
raises the resultlowers the result
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.
From operations
-€489,738
Investment
-€993
Financing
+€646,547
Cash 2024
€81,634
From operations (derived)
-€489,738
Net result for the year
+€17,907
Depreciation
+€42,650
Receivables within one year
-€184,517
Smaller working-capital items
+€2,462
Trade debts
-€368,239
Investment (derived)
-€993
Investment in fixed assets (net)
-€993
Financing
+€646,547
Debts after one year
+€646,547
Cash 2025
€237,450
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,194,082 | €66,491,165 | +€297,083 | +0.4% |
| Fixed assets | 21/28 | €65,559,872 | €65,518,215 | -€41,657 | -0.1% |
| Intangible fixed assets | 21 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Tangible fixed assets | 22/27 | €13,098 | €10,448 | -€2,650 | -20.2% |
| Plant, machinery and equipment | 23 | €13,098 | - | -€13,098 | |
| Furniture and vehicles | 24 | - | €10,448 | +€10,448 | |
| Financial fixed assets | 28 | €65,426,774 | €65,427,767 | +€993 | 0.0% |
| Affiliated companies | 280/1 | €65,426,774 | €65,427,767 | +€993 | 0.0% |
| Participating interests | 280 | €59,546,774 | €59,547,767 | +€993 | 0.0% |
| Amounts receivable | 281 | €5,880,000 | €5,880,000 | = | 0.0% |
| Current assets | 29/58 | €634,210 | €972,950 | +€338,740 | +53.4% |
| Amounts receivable within one year | 40/41 | €550,133 | €734,649 | +€184,517 | +33.5% |
| Trade receivables | 40 | €538,227 | €734,649 | +€196,422 | +36.5% |
| Other amounts receivable | 41 | €11,906 | - | -€11,906 | |
| Cash at bank and in hand | 54/58 | €81,634 | €237,450 | +€155,816 | +191% |
| Deferred charges and accrued income | 490/1 | €2,443 | €850 | -€1,593 | -65.2% |
| Total equity and liabilities | 10/49 | €66,194,082 | €66,491,165 | +€297,083 | +0.4% |
| Equity | 10/15 | €58,207,574 | €58,225,481 | +€17,907 | 0.0% |
| Contributions | 10/11 | €57,965,605 | €57,965,605 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,570 | €259,476 | +€17,907 | +7.4% |
| Amounts payable | 17/49 | €7,986,507 | €8,265,684 | +€279,176 | +3.5% |
| Amounts payable after more than one year | 17 | €7,312,550 | €7,959,097 | +€646,547 | +8.8% |
| Other amounts payable | 178/9 | €7,312,550 | €7,959,097 | +€646,547 | +8.8% |
| Amounts payable within one year | 42/48 | €673,914 | €306,587 | -€367,327 | -54.5% |
| Trade debts | 44 | €665,835 | €297,596 | -€368,239 | -55.3% |
| Suppliers | 440/4 | €665,835 | €297,596 | -€368,239 | -55.3% |
| Taxes, remuneration and social security | 45 | €7,396 | €8,991 | +€1,595 | +21.6% |
| Taxes | 450/3 | €7,396 | €8,991 | +€1,595 | +21.6% |
| Other amounts payable | 47/48 | €682 | - | -€682 | |
| Accrued charges and deferred income | 492/3 | €44 | - | -€44 | |
| Operating income | 70/76A | €240,277 | €360,262 | +€119,985 | +49.9% |
| Turnover | 70 | €240,000 | €360,000 | +€120,000 | +50.0% |
| Other operating income | 74 | €277 | €262 | -€15 | -5.4% |
| Operating charges | 60/66A | €214,360 | €285,770 | +€71,410 | +33.3% |
| Services and other goods | 61 | €168,579 | €241,160 | +€72,582 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,773 | €42,650 | -€1,123 | -2.6% |
| Other operating charges | 640/8 | €2,008 | €1,959 | -€49 | -2.4% |
| Operating profit (loss) | 9901 | €25,917 | €74,492 | +€48,575 | +187% |
| Financial income | 75/76B | €235,580 | €215,131 | -€20,449 | -8.7% |
| Recurring financial income | 75 | €235,580 | €215,131 | -€20,449 | -8.7% |
| Income from current assets | 751 | €235,362 | €215,011 | -€20,351 | -8.6% |
| Other financial income | 752/9 | €219 | €120 | -€99 | -45.1% |
| Financial charges | 65/66B | €338,164 | €243,554 | -€94,610 | -28.0% |
| Recurring financial charges | 65 | €338,164 | €243,554 | -€94,610 | -28.0% |
| Debt charges | 650 | €337,502 | €242,081 | -€95,421 | -28.3% |
| Other financial charges | 652/9 | €662 | €1,473 | +€812 | +123% |
| Profit (loss) for the period before taxes | 9903 | -€76,667 | €46,069 | +€122,736 | |
| Income taxes | 67/77 | -€10 | €28,162 | +€28,172 | |
| Taxes | 670/3 | - | €28,162 | +€28,162 | |
| Tax adjustments and reversals of tax provisions | 77 | €10 | - | -€10 | |
| Profit (loss) for the period | 9904 | -€76,657 | €17,907 | +€94,563 | |
| Profit (loss) for the period to be appropriated | 9905 | -€76,657 | €17,907 | +€94,563 |
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 28 October 2026 via checked.be.