PH. HENRY SERVICES: 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. HENRY SERVICES
Largest movements
- Cash +€51,534
up €51,534 (+108.9%), from €47,323 to €98,857
mainly Receivables within one year (+€20,200) and Depreciation (+€18,263)
- Receivables within one year -€20,200
down €20,200 (-84.2%), from €23,986 to €3,785
of which Trade receivables: -€17,025
- Tangible fixed assets -€18,263
down €18,263 (-38.8%), from €47,034 to €28,771
of which Furniture and vehicles: -€17,263
- Tax, wage and social debts +€7,424
up €7,424 (+164.1%), from €4,525 to €11,949
of which Taxes: +€6,024
- Reserves +€4,600
up €4,600 (+12.2%), from €37,855 to €42,455
of which Distributable reserves: +€4,600
- Trade debts +€2,277
up €2,277 (+1525.6%), from €149 to €2,427
- Current portion of long-term debt -€2,087
no longer reported in 2025 (was €2,087)
- Depreciation -€6,131
down €6,131 (-25.1%), from €24,394 to €18,263
- Taxes +€2,897
up €2,897 (+434.7%), from €666 to €3,563
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 | €118,792 | €131,863 | +€13,071 | +11.0% |
| Fixed assets | 21/28 | €47,484 | €29,221 | -€18,263 | -38.5% |
| Tangible fixed assets | 22/27 | €47,034 | €28,771 | -€18,263 | -38.8% |
| Plant, machinery and equipment | 23 | €1,000 | - | -€1,000 | |
| Furniture and vehicles | 24 | €46,034 | €28,771 | -€17,263 | -37.5% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €71,309 | €102,642 | +€31,334 | +43.9% |
| Amounts receivable within one year | 40/41 | €23,986 | €3,785 | -€20,200 | -84.2% |
| Trade receivables | 40 | €20,724 | €3,699 | -€17,025 | -82.2% |
| Other amounts receivable | 41 | €3,262 | €87 | -€3,175 | -97.3% |
| Cash at bank and in hand | 54/58 | €47,323 | €98,857 | +€51,534 | +108.9% |
| Total equity and liabilities | 10/49 | €118,792 | €131,863 | +€13,071 | +11.0% |
| Equity | 10/15 | €107,031 | €111,729 | +€4,697 | +4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €37,855 | €42,455 | +€4,600 | +12.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €36,000 | €40,600 | +€4,600 | +12.8% |
| Profit (loss) carried forward | 14 | €56,776 | €56,874 | +€97 | +0.2% |
| Amounts payable | 17/49 | €11,761 | €20,134 | +€8,373 | +71.2% |
| Amounts payable within one year | 42/48 | €11,761 | €20,134 | +€8,373 | +71.2% |
| Current portion of amounts payable after more than one year | 42 | €2,087 | - | -€2,087 | |
| Trade debts | 44 | €149 | €2,427 | +€2,277 | +1525.6% |
| Suppliers | 440/4 | €149 | €2,427 | +€2,277 | +1525.6% |
| Taxes, remuneration and social security | 45 | €4,525 | €11,949 | +€7,424 | +164.1% |
| Taxes | 450/3 | €3,225 | €9,249 | +€6,024 | +186.8% |
| Remuneration and social security | 454/9 | €1,301 | €2,700 | +€1,399 | +107.6% |
| Other amounts payable | 47/48 | €5,000 | €5,759 | +€759 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,394 | €18,263 | -€6,131 | -25.1% |
| Other operating charges | 640/8 | €955 | €945 | -€10 | -1.1% |
| Gross operating margin | 9900 | €27,876 | €27,782 | -€94 | -0.3% |
| Operating profit (loss) | 9901 | €2,527 | €8,575 | +€6,048 | +239.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €452 | €314 | -€138 | -30.6% |
| Recurring financial charges | 65 | €452 | €314 | -€138 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €2,075 | €8,261 | +€6,186 | +298.2% |
| Income taxes | 67/77 | €666 | €3,563 | +€2,897 | +434.7% |
| Profit (loss) for the period | 9904 | €1,408 | €4,697 | +€3,289 | +233.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,408 | €4,697 | +€3,289 | +233.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.