PH.BE: 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.
PH.BE
Largest movements
- Tangible fixed assets -€2,222
down €2,222 (-38.0%), from €5,841 to €3,619
- Receivables within one year +€1,903
up €1,903 (+216.3%), from €880 to €2,783
of which Trade receivables: +€2,541
- Cash -€829
down €829 (-87.3%), from €950 to €120
mainly Receivables within one year (-€1,903) and Tax, wage and social debts (-€668)
- Deferred charges and accrued income +€422
up €422 (+123.6%), from €341 to €763
- Stocks and contracts -€251
down €251 (-22.8%), from €1,100 to €849
- Tax, wage and social debts -€668
down €668 (-46.5%), from €1,437 to €769
- Other debts -€198
down €198 (-1.0%), from €19,423 to €19,225
- Gross operating margin -€2,946
down €2,946 (-47.5%), from €6,207 to €3,261
- Depreciation +€1,396
up €1,396 (+169.1%), from €826 to €2,222
- Taxes -€1,179
down €1,179 (-82.0%), from €1,437 to €259
- Other operating charges +€62
up €62 (+10.5%), from €593 to €655
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 | €9,112 | €8,133 | -€978 | -10.7% |
| Fixed assets | 21/28 | €5,841 | €3,619 | -€2,222 | -38.0% |
| Tangible fixed assets | 22/27 | €5,841 | €3,619 | -€2,222 | -38.0% |
| Furniture and vehicles | 24 | €5,841 | €3,619 | -€2,222 | -38.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €3,271 | €4,515 | +€1,244 | +38.0% |
| Stocks and contracts in progress | 3 | €1,100 | €849 | -€251 | -22.8% |
| Stocks | 30/36 | €1,100 | €849 | -€251 | -22.8% |
| Amounts receivable within one year | 40/41 | €880 | €2,783 | +€1,903 | +216.3% |
| Trade receivables | 40 | €242 | €2,783 | +€2,541 | +1050.0% |
| Other amounts receivable | 41 | €638 | - | -€638 | |
| Current investments | 50/53 | €0 | €0 | -€0 | -68.2% |
| Cash at bank and in hand | 54/58 | €950 | €120 | -€829 | -87.3% |
| Deferred charges and accrued income | 490/1 | €341 | €763 | +€422 | +123.6% |
| Total equity and liabilities | 10/49 | €9,112 | €8,133 | -€978 | -10.7% |
| Equity | 10/15 | -€16,824 | -€16,889 | -€65 | -0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €382 | €382 | = | 0.0% |
| Non-distributable reserves | 130/1 | €382 | €382 | = | 0.0% |
| Reserves not available under the articles | 1311 | €382 | €382 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,406 | -€23,471 | -€65 | -0.3% |
| Amounts payable | 17/49 | €25,935 | €25,022 | -€913 | -3.5% |
| Amounts payable within one year | 42/48 | €25,935 | €25,022 | -€913 | -3.5% |
| Trade debts | 44 | €5,074 | €5,028 | -€47 | -0.9% |
| Suppliers | 440/4 | €5,074 | €5,028 | -€47 | -0.9% |
| Taxes, remuneration and social security | 45 | €1,437 | €769 | -€668 | -46.5% |
| Taxes | 450/3 | €1,437 | €769 | -€668 | -46.5% |
| Other amounts payable | 47/48 | €19,423 | €19,225 | -€198 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | €2,222 | +€1,396 | +169.1% |
| Other operating charges | 640/8 | €593 | €655 | +€62 | +10.5% |
| Gross operating margin | 9900 | €6,207 | €3,261 | -€2,946 | -47.5% |
| Operating profit (loss) | 9901 | €4,789 | €384 | -€4,405 | -92.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €185 | €190 | +€5 | +2.7% |
| Recurring financial charges | 65 | €185 | €190 | +€5 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €4,603 | €193 | -€4,410 | -95.8% |
| Income taxes | 67/77 | €1,437 | €259 | -€1,179 | -82.0% |
| Profit (loss) for the period | 9904 | €3,166 | -€65 | -€3,232 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,166 | -€65 | -€3,232 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.