PH CONSULT: 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 CONSULT
Largest movements
- Receivables within one year +€19,356
up €19,356 (+6.4%), from €303,471 to €322,827
- Tangible fixed assets -€12,207
down €12,207 (-21.8%), from €56,073 to €43,866
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€2,032
up €2,032 (+47.4%), from €4,290 to €6,322
- Financial income +€941
up €941 (+6.8%), from €13,914 to €14,856
- Taxes +€883
up €883 (+43.4%), from €2,033 to €2,915
- Other operating charges -€254
down €254 (-12.0%), from €2,121 to €1,868
- Financial charges -€80
down €80 (-10.6%), from €754 to €674
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €372,096 | €377,874 | +€5,778 | +1.6% |
| Fixed assets | 21/28 | €56,073 | €43,866 | -€12,207 | -21.8% |
| Tangible fixed assets | 22/27 | €56,073 | €43,866 | -€12,207 | -21.8% |
| Furniture and vehicles | 24 | €56,073 | €43,866 | -€12,207 | -21.8% |
| Current assets | 29/58 | €316,023 | €334,008 | +€17,985 | +5.7% |
| Amounts receivable within one year | 40/41 | €303,471 | €322,827 | +€19,356 | +6.4% |
| Other amounts receivable | 41 | €303,471 | €322,827 | +€19,356 | +6.4% |
| Cash at bank and in hand | 54/58 | €11,409 | €9,139 | -€2,271 | -19.9% |
| Deferred charges and accrued income | 490/1 | €1,143 | €2,043 | +€900 | +78.7% |
| Total equity and liabilities | 10/49 | €372,096 | €377,874 | +€5,778 | +1.6% |
| Equity | 10/15 | €356,709 | €360,224 | +€3,515 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €348,650 | €352,164 | +€3,515 | +1.0% |
| Amounts payable | 17/49 | €15,387 | €17,651 | +€2,263 | +14.7% |
| Amounts payable within one year | 42/48 | €15,387 | €17,651 | +€2,263 | +14.7% |
| Trade debts | 44 | €10,160 | €11,436 | +€1,276 | +12.6% |
| Suppliers | 440/4 | €10,160 | €11,436 | +€1,276 | +12.6% |
| Taxes, remuneration and social security | 45 | €5,227 | €6,215 | +€987 | +18.9% |
| Taxes | 450/3 | €5,227 | €6,215 | +€987 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,207 | €12,207 | = | 0.0% |
| Other operating charges | 640/8 | €2,121 | €1,868 | -€254 | -12.0% |
| Gross operating margin | 9900 | €4,290 | €6,322 | +€2,032 | +47.4% |
| Operating profit (loss) | 9901 | -€10,038 | -€7,752 | +€2,286 | +22.8% |
| Financial income | 75/76B | €13,914 | €14,856 | +€941 | +6.8% |
| Recurring financial income | 75 | €13,914 | €14,856 | +€941 | +6.8% |
| Financial charges | 65/66B | €754 | €674 | -€80 | -10.6% |
| Recurring financial charges | 65 | €754 | €674 | -€80 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €3,123 | €6,430 | +€3,307 | +105.9% |
| Income taxes | 67/77 | €2,033 | €2,915 | +€883 | +43.4% |
| Profit (loss) for the period | 9904 | €1,090 | €3,515 | +€2,424 | +222.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,090 | €3,515 | +€2,424 | +222.4% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.