PH Electric: 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 Electric
Largest movements
- Receivables within one year +€16,877
up €16,877 (+68.8%), from €24,528 to €41,406
of which Trade receivables: +€10,357
- Tangible fixed assets -€7,845
down €7,845 (-42.2%), from €18,597 to €10,751
of which Furniture and vehicles: -€6,857
- Stocks and contracts -€6,013
down €6,013 (-20.9%), from €28,763 to €22,750
of which Contracts in progress: -€6,000
- Cash +€1,865
up €1,865 (+9.3%), from €20,044 to €21,909
mainly Net result for the year (+€13,058) and Depreciation (+€9,646)
- Reserves +€13,058
up €13,058 (+16.8%), from €77,632 to €90,690
- Trade debts -€10,594
down €10,594 (-92.3%), from €11,483 to €889
- Accrued charges and deferred income +€2,358
new in 2025: €2,358
- Gross operating margin -€2,967
down €2,967 (-10.1%), from €29,368 to €26,401
- Depreciation +€866
up €866 (+9.9%), from €8,780 to €9,646
- Taxes -€675
down €675 (-16.9%), from €3,998 to €3,323
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 | €93,771 | €98,598 | +€4,827 | +5.1% |
| Fixed assets | 21/28 | €18,597 | €10,751 | -€7,845 | -42.2% |
| Tangible fixed assets | 22/27 | €18,597 | €10,751 | -€7,845 | -42.2% |
| Plant, machinery and equipment | 23 | €8,198 | €7,210 | -€988 | -12.1% |
| Furniture and vehicles | 24 | €10,398 | €3,541 | -€6,857 | -65.9% |
| Current assets | 29/58 | €75,174 | €87,846 | +€12,672 | +16.9% |
| Stocks and contracts in progress | 3 | €28,763 | €22,750 | -€6,013 | -20.9% |
| Stocks | 30/36 | €18,763 | €18,750 | -€13 | -0.1% |
| Contracts in progress | 37 | €10,000 | €4,000 | -€6,000 | -60.0% |
| Amounts receivable within one year | 40/41 | €24,528 | €41,406 | +€16,877 | +68.8% |
| Trade receivables | 40 | €21,891 | €32,248 | +€10,357 | +47.3% |
| Other amounts receivable | 41 | €2,637 | €9,158 | +€6,521 | +247% |
| Cash at bank and in hand | 54/58 | €20,044 | €21,909 | +€1,865 | +9.3% |
| Deferred charges and accrued income | 490/1 | €1,838 | €1,782 | -€57 | -3.1% |
| Total equity and liabilities | 10/49 | €93,771 | €98,598 | +€4,827 | +5.1% |
| Equity | 10/15 | €80,132 | €93,190 | +€13,058 | +16.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €77,632 | €90,690 | +€13,058 | +16.8% |
| Distributable reserves | 133 | €77,632 | €90,690 | +€13,058 | +16.8% |
| Amounts payable | 17/49 | €13,638 | €5,408 | -€8,230 | -60.3% |
| Amounts payable within one year | 42/48 | €13,638 | €3,051 | -€10,588 | -77.6% |
| Trade debts | 44 | €11,483 | €889 | -€10,594 | -92.3% |
| Suppliers | 440/4 | €11,483 | €889 | -€10,594 | -92.3% |
| Taxes, remuneration and social security | 45 | €2,156 | €2,161 | +€6 | +0.3% |
| Taxes | 450/3 | €2,156 | €2,161 | +€6 | +0.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €2,358 | +€2,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,780 | €9,646 | +€866 | +9.9% |
| Other operating charges | 640/8 | €689 | €582 | -€108 | -15.6% |
| Gross operating margin | 9900 | €29,368 | €26,401 | -€2,967 | -10.1% |
| Operating profit (loss) | 9901 | €19,899 | €16,173 | -€3,726 | -18.7% |
| Financial income | 75/76B | €222 | €256 | +€33 | +14.9% |
| Recurring financial income | 75 | €222 | €256 | +€33 | +14.9% |
| Financial charges | 65/66B | €39 | €48 | +€9 | +21.9% |
| Recurring financial charges | 65 | €39 | €48 | +€9 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €20,083 | €16,381 | -€3,702 | -18.4% |
| Income taxes | 67/77 | €3,998 | €3,323 | -€675 | -16.9% |
| Profit (loss) for the period | 9904 | €16,084 | €13,058 | -€3,027 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,084 | €13,058 | -€3,027 | -18.8% |
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 13 October 2026 via checked.be.