pH-Cis: 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-Cis
Largest movements
- Tangible fixed assets +€51,333
up €51,333 (+4968.3%), from €1,033 to €52,367
of which Furniture and vehicles: +€49,559
- Cash -€9,189
down €9,189 (-65.7%), from €13,993 to €4,805
mainly Investment in fixed assets (net) (-€56,244) and Contributions, distributions and other (-€4,836)
- Other debts +€47,326
up €47,326 (+285.2%), from €16,594 to €63,920
- Reserves -€4,836
down €4,836 (-17.8%), from €27,156 to €22,320
- Gross operating margin +€18,644
up €18,644, from -€12,771 to €5,873
- Depreciation +€816
up €816 (+19.9%), from €4,095 to €4,911
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 | €46,990 | €89,552 | +€42,562 | +90.6% |
| Fixed assets | 21/28 | €1,033 | €52,367 | +€51,333 | +4968.3% |
| Tangible fixed assets | 22/27 | €1,033 | €52,367 | +€51,333 | +4968.3% |
| Plant, machinery and equipment | 23 | - | €1,774 | +€1,774 | |
| Furniture and vehicles | 24 | €1,033 | €50,592 | +€49,559 | +4796.6% |
| Current assets | 29/58 | €45,957 | €37,185 | -€8,772 | -19.1% |
| Amounts receivable within one year | 40/41 | €28,368 | €28,622 | +€254 | +0.9% |
| Trade receivables | 40 | €12,805 | €15,697 | +€2,892 | +22.6% |
| Other amounts receivable | 41 | €15,563 | €12,925 | -€2,638 | -17.0% |
| Cash at bank and in hand | 54/58 | €13,993 | €4,805 | -€9,189 | -65.7% |
| Deferred charges and accrued income | 490/1 | €3,596 | €3,758 | +€162 | +4.5% |
| Total equity and liabilities | 10/49 | €46,990 | €89,552 | +€42,562 | +90.6% |
| Equity | 10/15 | €20,461 | €15,624 | -€4,837 | -23.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,156 | €22,320 | -€4,836 | -17.8% |
| Distributable reserves | 133 | €27,156 | €22,320 | -€4,836 | -17.8% |
| Profit (loss) carried forward | 14 | -€25,295 | -€25,296 | -€1 | 0.0% |
| Amounts payable | 17/49 | €26,529 | €73,928 | +€47,398 | +178.7% |
| Amounts payable within one year | 42/48 | €26,529 | €73,920 | +€47,390 | +178.6% |
| Trade debts | 44 | €9,410 | €9,498 | +€88 | +0.9% |
| Suppliers | 440/4 | €9,410 | €9,498 | +€88 | +0.9% |
| Taxes, remuneration and social security | 45 | €526 | €502 | -€24 | -4.6% |
| Taxes | 450/3 | €526 | €502 | -€24 | -4.6% |
| Other amounts payable | 47/48 | €16,594 | €63,920 | +€47,326 | +285.2% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Non-recurring operating income | 76A | - | €6,626 | +€6,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,095 | €4,911 | +€816 | +19.9% |
| Other operating charges | 640/8 | €299 | €367 | +€68 | +22.6% |
| Gross operating margin | 9900 | -€12,771 | €5,873 | +€18,644 | |
| Operating profit (loss) | 9901 | -€17,165 | €595 | +€17,760 | |
| Financial income | 75/76B | €44 | €29 | -€15 | -34.8% |
| Recurring financial income | 75 | €44 | €29 | -€15 | -34.8% |
| Financial charges | 65/66B | €632 | €625 | -€7 | -1.1% |
| Recurring financial charges | 65 | €632 | €625 | -€7 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,753 | -€1 | +€17,752 | +100.0% |
| Profit (loss) for the period | 9904 | -€17,753 | -€1 | +€17,752 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,753 | -€1 | +€17,752 | +100.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.