PH Dynamic: 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 Dynamic
Largest movements
- Tangible fixed assets -€20,628
down €20,628 (-65.4%), from €31,548 to €10,920
of which Furniture and vehicles: -€16,605
- Cash -€2,795
down €2,795 (-38.0%), from €7,363 to €4,567
mainly Net result for the year (-€7,120) and Other debts (-€5,698)
- Receivables within one year +€1,461
up €1,461 (+352.3%), from €415 to €1,876
- Deferred charges and accrued income +€747
new in 2025: €747
- Profit (loss) carried forward -€7,120
down €7,120 (-187.3%), from -€3,801 to -€10,921
- Other debts -€5,698
down €5,698 (-44.6%), from €12,778 to €7,080
- Debts after one year -€4,792
down €4,792 (-38.8%), from €12,351 to €7,558
- Trade debts -€4,753
down €4,753 (-86.4%), from €5,501 to €748
- Current portion of long-term debt +€2,451
new in 2025: €2,451
- Other operating charges +€9,279
up €9,279 (+1532.1%), from €606 to €9,885
- Depreciation -€8,659
down €8,659 (-63.5%), from €13,633 to €4,974
- Gross operating margin +€5,398
up €5,398 (+123.9%), from €4,357 to €9,755
- Financial charges -€1,120
down €1,120 (-37.3%), from €3,005 to €1,886
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 | €43,885 | €22,670 | -€21,215 | -48.3% |
| Fixed assets | 21/28 | €36,108 | €15,480 | -€20,628 | -57.1% |
| Tangible fixed assets | 22/27 | €31,548 | €10,920 | -€20,628 | -65.4% |
| Plant, machinery and equipment | 23 | €12,196 | €8,173 | -€4,023 | -33.0% |
| Furniture and vehicles | 24 | €19,351 | €2,746 | -€16,605 | -85.8% |
| Financial fixed assets | 28 | €4,560 | €4,560 | = | 0.0% |
| Current assets | 29/58 | €7,777 | €7,191 | -€587 | -7.5% |
| Amounts receivable within one year | 40/41 | €415 | €1,876 | +€1,461 | +352.3% |
| Trade receivables | 40 | €415 | €1,876 | +€1,461 | +352.3% |
| Cash at bank and in hand | 54/58 | €7,363 | €4,567 | -€2,795 | -38.0% |
| Deferred charges and accrued income | 490/1 | - | €747 | +€747 | |
| Total equity and liabilities | 10/49 | €43,885 | €22,670 | -€21,215 | -48.3% |
| Equity | 10/15 | €6,199 | -€921 | -€7,120 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,801 | -€10,921 | -€7,120 | -187.3% |
| Amounts payable | 17/49 | €37,686 | €23,592 | -€14,095 | -37.4% |
| Amounts payable after more than one year | 17 | €12,351 | €7,558 | -€4,792 | -38.8% |
| Financial debts | 170/4 | €12,351 | €7,558 | -€4,792 | -38.8% |
| Amounts payable within one year | 42/48 | €24,548 | €16,033 | -€8,514 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,451 | +€2,451 | |
| Trade debts | 44 | €5,501 | €748 | -€4,753 | -86.4% |
| Suppliers | 440/4 | €5,501 | €748 | -€4,753 | -86.4% |
| Taxes, remuneration and social security | 45 | €6,269 | €5,755 | -€514 | -8.2% |
| Taxes | 450/3 | €6,269 | €4,820 | -€1,449 | -23.1% |
| Remuneration and social security | 454/9 | - | €935 | +€935 | |
| Other amounts payable | 47/48 | €12,778 | €7,080 | -€5,698 | -44.6% |
| Accrued charges and deferred income | 492/3 | €788 | - | -€788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,633 | €4,974 | -€8,659 | -63.5% |
| Other operating charges | 640/8 | €606 | €9,885 | +€9,279 | +1532.1% |
| Gross operating margin | 9900 | €4,357 | €9,755 | +€5,398 | +123.9% |
| Operating profit (loss) | 9901 | -€9,881 | -€5,104 | +€4,778 | +48.4% |
| Financial charges | 65/66B | €3,005 | €1,886 | -€1,120 | -37.3% |
| Recurring financial charges | 65 | €3,005 | €1,886 | -€1,120 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,887 | -€6,989 | +€5,897 | +45.8% |
| Income taxes | 67/77 | €135 | €131 | -€5 | -3.4% |
| Profit (loss) for the period | 9904 | -€13,022 | -€7,120 | +€5,902 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,022 | -€7,120 | +€5,902 | +45.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.