PH INSURANCE: what changed
What changed
PH INSURANCE
NACE 66.290, Activities auxiliary to financial services and insurance activities
filed annual accounts (NBB)
Net result for the year
€110,884
2025 · €116,300-€5,416
Equity
€112,651
2025 · €134,067-€21,416
Cash
€198,739
2025 · €131,466+€67,273
Balance sheet total
€380,361
2025 · €295,293+€85,068
Largest movements
Assets
- Cash +€67,273
up €67,273 (+51.2%), from €131,466 to €198,739
mainly Net result for the year (+€110,884) and Other debts (+€95,130)
- Receivables within one year +€20,417
up €20,417 (+13.5%), from €150,687 to €171,104
of which Trade receivables: +€21,104
Equity and liabilities
- Other debts +€95,130
up €95,130 (+59.5%), from €159,837 to €254,967
- Reserves -€21,416
down €21,416 (-18.5%), from €115,467 to €94,051
- Tax, wage and social debts +€10,835
new in 2026: €10,835
of which Taxes: +€9,659
Income statement
- Taxes +€17,346
up €17,346 (+50.6%), from €34,313 to €51,659
- Gross operating margin +€12,991
up €12,991 (+8.4%), from €153,786 to €166,777
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€116,300
Gross operating margin
+€12,991
Depreciation
-€974
Other operating charges
+€38
Financial income
+€0
Financial charges
-€125
Taxes
-€17,346
Result 2026
€110,884
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€198,393
Investment
€0
Financing
-€131,120
Cash 2025
€131,466
From operations (derived)
+€198,393
Net result for the year
+€110,884
Depreciation
+€2,825
Receivables within one year
-€20,417
Deferred charges and accrued income
-€203
Trade debts
-€661
Tax, wage and social debts
+€10,835
Other debts
+€95,130
Financing
-€131,120
Short-term financial debts
+€1,180
Contributions, distributions and other
-€132,300
Cash 2026
€198,739
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,293 | €380,361 | +€85,068 | +28.8% |
| Fixed assets | 21/28 | €13,026 | €10,201 | -€2,825 | -21.7% |
| Tangible fixed assets | 22/27 | €13,026 | €10,201 | -€2,825 | -21.7% |
| Furniture and vehicles | 24 | €13,026 | €10,201 | -€2,825 | -21.7% |
| Current assets | 29/58 | €282,267 | €370,160 | +€87,893 | +31.1% |
| Amounts receivable within one year | 40/41 | €150,687 | €171,104 | +€20,417 | +13.5% |
| Trade receivables | 40 | - | €21,104 | +€21,104 | |
| Other amounts receivable | 41 | €150,687 | €150,000 | -€687 | -0.5% |
| Cash at bank and in hand | 54/58 | €131,466 | €198,739 | +€67,273 | +51.2% |
| Deferred charges and accrued income | 490/1 | €113 | €316 | +€203 | +179% |
| Total equity and liabilities | 10/49 | €295,293 | €380,361 | +€85,068 | +28.8% |
| Equity | 10/15 | €134,067 | €112,651 | -€21,416 | -16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,467 | €94,051 | -€21,416 | -18.5% |
| Distributable reserves | 133 | €115,467 | €94,051 | -€21,416 | -18.5% |
| Amounts payable | 17/49 | €161,226 | €267,711 | +€106,484 | +66.0% |
| Amounts payable within one year | 42/48 | €161,226 | €267,711 | +€106,484 | +66.0% |
| Financial debts | 43 | - | €1,180 | +€1,180 | |
| Credit institutions | 430/8 | - | €1,180 | +€1,180 | |
| Trade debts | 44 | €1,389 | €728 | -€661 | -47.6% |
| Suppliers | 440/4 | €1,389 | €728 | -€661 | -47.6% |
| Taxes, remuneration and social security | 45 | - | €10,835 | +€10,835 | |
| Taxes | 450/3 | - | €9,659 | +€9,659 | |
| Remuneration and social security | 454/9 | - | €1,176 | +€1,176 | |
| Other amounts payable | 47/48 | €159,837 | €254,967 | +€95,130 | +59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,851 | €2,825 | +€974 | +52.6% |
| Other operating charges | 640/8 | €789 | €750 | -€38 | -4.9% |
| Gross operating margin | 9900 | €153,786 | €166,777 | +€12,991 | +8.4% |
| Operating profit (loss) | 9901 | €151,146 | €163,201 | +€12,055 | +8.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €534 | €659 | +€125 | +23.4% |
| Recurring financial charges | 65 | €534 | €659 | +€125 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €150,612 | €162,543 | +€11,930 | +7.9% |
| Income taxes | 67/77 | €34,313 | €51,659 | +€17,346 | +50.6% |
| Profit (loss) for the period | 9904 | €116,300 | €110,884 | -€5,416 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €116,300 | €110,884 | -€5,416 | -4.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2025 and 30 September 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.