PH-Design: 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.
What changed
PH-Design
NACE 64.210, Activities of holding companies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€113,704
2023 · -€65,234-€48,470
Equity
-€117,849
2023 · -€4,146-€113,704
Cash
€2,779
2023 · €17,052-€14,274
Balance sheet total
€5.4m
2023 · €6.1m-€683,191
Largest movements
Assets
- Receivables within one year -€604,727
down €604,727 (-13.4%), from €4.5m to €3.9m
of which Trade receivables: -€721,265
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-97.9%), from €1.1m to €22,853
- Other debts +€352,739
up €352,739 (+40.6%), from €868,085 to €1.2m
- Current portion of long-term debt +€302,219
up €302,219 (+456.4%), from €66,217 to €368,436
- Short-term financial debts -€149,334
no longer reported in 2024 (was €149,334)
- Profit (loss) carried forward -€113,704
down €113,704 (-105.4%), from -€107,896 to -€221,600
Income statement
- Turnover -€1.6m
down €1.6m (-93.0%), from €1.7m to €122,515
- Purchases and services -€623,583
down €623,583 (-75.6%), from €825,125 to €201,541
- Gross operating margin -€147,191
down €147,191, from €136,977 to -€10,214
- Financial charges -€32,961
down €32,961 (-60.2%), from €54,760 to €21,800
- Financial income +€31,865
up €31,865 (+585.3%), from €5,445 to €37,309
From the 2023 result to the 2024 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 2023
-€65,234
Gross operating margin
-€147,191
Staff costs
+€988
Depreciation
+€175
Other operating charges
+€3,294
Financial income
+€31,865
Financial charges
+€32,961
Taxes
+€29,438
Result 2024
-€113,704
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€888,444
Investment
€0
Financing
-€902,717
Cash 2023
€17,052
From operations (derived)
+€888,444
Net result for the year
-€113,704
Depreciation
+€57,651
Smaller working-capital items
-€492
Receivables within one year
+€604,727
Deferred charges and accrued income
+€6,295
Trade debts
-€15,060
Other debts
+€352,739
Accrued charges and deferred income
-€3,714
Financing
-€902,717
Debts after one year
-€1.1m
Current portion of long-term debt
+€302,219
Short-term financial debts
-€149,334
Cash 2024
€2,779
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,078,429 | €5,395,237 | -€683,191 | -11.2% |
| Fixed assets | 21/28 | €1,050,648 | €992,996 | -€57,651 | -5.5% |
| Tangible fixed assets | 22/27 | €1,050,648 | €992,996 | -€57,651 | -5.5% |
| Land and buildings | 22 | €1,013,595 | €988,368 | -€25,226 | -2.5% |
| Plant, machinery and equipment | 23 | €2,383 | €1,833 | -€550 | -23.1% |
| Furniture and vehicles | 24 | €34,670 | €2,795 | -€31,875 | -91.9% |
| Current assets | 29/58 | €5,027,781 | €4,402,241 | -€625,540 | -12.4% |
| Stocks and contracts in progress | 3 | €485,923 | €485,679 | -€244 | -0.1% |
| Stocks | 30/36 | €210,579 | €210,579 | = | 0.0% |
| Contracts in progress | 37 | €275,344 | €275,100 | -€244 | -0.1% |
| Amounts receivable within one year | 40/41 | €4,514,776 | €3,910,048 | -€604,727 | -13.4% |
| Trade receivables | 40 | €4,239,955 | €3,518,689 | -€721,265 | -17.0% |
| Other amounts receivable | 41 | €274,821 | €391,359 | +€116,538 | +42.4% |
| Cash at bank and in hand | 54/58 | €17,052 | €2,779 | -€14,274 | -83.7% |
| Deferred charges and accrued income | 490/1 | €10,030 | €3,735 | -€6,295 | -62.8% |
| Total equity and liabilities | 10/49 | €6,078,429 | €5,395,237 | -€683,191 | -11.2% |
| Equity | 10/15 | -€4,146 | -€117,849 | -€113,704 | -2742.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €53,751 | €53,751 | = | 0.0% |
| Distributable reserves | 133 | €53,751 | €53,751 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,896 | -€221,600 | -€113,704 | -105.4% |
| Amounts payable | 17/49 | €6,082,574 | €5,513,087 | -€569,488 | -9.4% |
| Amounts payable after more than one year | 17 | €1,078,456 | €22,853 | -€1.1m | -97.9% |
| Financial debts | 170/4 | €1,078,456 | €22,853 | -€1.1m | -97.9% |
| Amounts payable within one year | 42/48 | €5,000,362 | €5,490,191 | +€489,829 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €66,217 | €368,436 | +€302,219 | +456.4% |
| Financial debts | 43 | €149,334 | - | -€149,334 | |
| Credit institutions | 430/8 | €149,334 | - | -€149,334 | |
| Trade debts | 44 | €245,200 | €230,140 | -€15,060 | -6.1% |
| Suppliers | 440/4 | €245,200 | €230,140 | -€15,060 | -6.1% |
| Advances received on contracts in progress | 46 | €3,647,086 | €3,647,086 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,440 | €23,704 | -€736 | -3.0% |
| Taxes | 450/3 | €14,710 | €12,414 | -€2,296 | -15.6% |
| Remuneration and social security | 454/9 | €9,730 | €11,290 | +€1,561 | +16.0% |
| Other amounts payable | 47/48 | €868,085 | €1,220,825 | +€352,739 | +40.6% |
| Accrued charges and deferred income | 492/3 | €3,756 | €42 | -€3,714 | -98.9% |
| Turnover | 70 | €1,749,485 | €122,515 | -€1.6m | -93.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €825,125 | €201,541 | -€623,583 | -75.6% |
| Remuneration, social security and pensions | 62 | €37,176 | €36,188 | -€988 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,826 | €57,651 | -€175 | -0.3% |
| Other operating charges | 640/8 | €29,192 | €25,898 | -€3,294 | -11.3% |
| Gross operating margin | 9900 | €136,977 | -€10,214 | -€147,191 | |
| Operating profit (loss) | 9901 | €12,782 | -€129,952 | -€142,734 | |
| Financial income | 75/76B | €5,445 | €37,309 | +€31,865 | +585.3% |
| Recurring financial income | 75 | €5,445 | €37,309 | +€31,865 | +585.3% |
| Financial charges | 65/66B | €54,760 | €21,800 | -€32,961 | -60.2% |
| Recurring financial charges | 65 | €54,760 | €21,800 | -€32,961 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | -€36,534 | -€114,442 | -€77,908 | -213.2% |
| Income taxes | 67/77 | €28,700 | -€739 | -€29,438 | |
| Profit (loss) for the period | 9904 | -€65,234 | -€113,704 | -€48,470 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,234 | -€113,704 | -€48,470 | -74.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.