PH.D. CONSULTANTS: 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.
PH.D. CONSULTANTS
Largest movements
- Cash +€12,173
up €12,173 (+23.9%), from €50,967 to €63,140
mainly Net result for the year (+€10,149) and Receivables within one year (+€769)
- Receivables within one year -€769
down €769 (-24.1%), from €3,196 to €2,427
- Tangible fixed assets -€711
down €711 (-50.4%), from €1,411 to €700
- Reserves +€10,149
up €10,149 (+22.5%), from €45,013 to €55,162
- Gross operating margin -€438
down €438 (-2.6%), from €16,536 to €16,099
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,946 | €66,813 | +€10,867 | +19.4% |
| Fixed assets | 21/28 | €1,411 | €700 | -€711 | -50.4% |
| Tangible fixed assets | 22/27 | €1,411 | €700 | -€711 | -50.4% |
| Furniture and vehicles | 24 | €1,411 | €700 | -€711 | -50.4% |
| Current assets | 29/58 | €54,535 | €66,112 | +€11,577 | +21.2% |
| Amounts receivable within one year | 40/41 | €3,196 | €2,427 | -€769 | -24.1% |
| Trade receivables | 40 | €3,196 | €2,427 | -€769 | -24.1% |
| Cash at bank and in hand | 54/58 | €50,967 | €63,140 | +€12,173 | +23.9% |
| Deferred charges and accrued income | 490/1 | €372 | €546 | +€174 | +46.7% |
| Total equity and liabilities | 10/49 | €55,946 | €66,813 | +€10,867 | +19.4% |
| Equity | 10/15 | €51,210 | €61,359 | +€10,149 | +19.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €45,013 | €55,162 | +€10,149 | +22.5% |
| Distributable reserves | 133 | €45,013 | €55,162 | +€10,149 | +22.5% |
| Amounts payable | 17/49 | €4,736 | €5,453 | +€718 | +15.2% |
| Amounts payable within one year | 42/48 | €4,736 | €5,054 | +€318 | +6.7% |
| Trade debts | 44 | €75 | €117 | +€42 | +56.2% |
| Suppliers | 440/4 | €75 | €117 | +€42 | +56.2% |
| Taxes, remuneration and social security | 45 | €4,661 | €4,937 | +€276 | +5.9% |
| Taxes | 450/3 | €4,661 | €4,937 | +€276 | +5.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €711 | €711 | = | 0.0% |
| Other operating charges | 640/8 | €668 | €692 | +€23 | +3.5% |
| Gross operating margin | 9900 | €16,536 | €16,099 | -€438 | -2.6% |
| Operating profit (loss) | 9901 | €15,158 | €14,697 | -€461 | -3.0% |
| Financial income | 75/76B | €352 | €337 | -€15 | -4.3% |
| Recurring financial income | 75 | €352 | €337 | -€15 | -4.3% |
| Financial charges | 65/66B | €217 | €133 | -€84 | -38.7% |
| Recurring financial charges | 65 | €217 | €133 | -€84 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €15,292 | €14,900 | -€392 | -2.6% |
| Income taxes | 67/77 | €4,777 | €4,751 | -€26 | -0.5% |
| Profit (loss) for the period | 9904 | €10,515 | €10,149 | -€366 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,515 | €10,149 | -€366 | -3.5% |
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 29 October 2026 via checked.be.