PH-ONE: 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-ONE
Largest movements
- Cash +€13,805
up €13,805 (+51.7%), from €26,721 to €40,526
mainly Net result for the year (+€5,935) and Trade debts (+€4,973)
- Receivables within one year +€4,257
up €4,257 (+28.3%), from €15,043 to €19,300
- Tangible fixed assets -€2,445
down €2,445 (-67.0%), from €3,646 to €1,201
of which Furniture and vehicles: -€1,928
- Intangible fixed assets -€2,000
down €2,000 (-15.8%), from €12,658 to €10,658
- Profit (loss) carried forward +€5,935
up €5,935 (+21.1%), from €28,084 to €34,019
- Trade debts +€4,973
up €4,973 (+62.5%), from €7,957 to €12,929
- Tax, wage and social debts +€1,360
up €1,360 (+15.1%), from €8,982 to €10,342
of which Taxes: +€1,353
- Other debts +€1,350
up €1,350 (+8.4%), from €16,100 to €17,450
- Gross operating margin -€8,879
down €8,879 (-40.6%), from €21,855 to €12,976
- Other operating charges -€2,057
down €2,057 (-82.1%), from €2,504 to €447
- Depreciation -€1,062
down €1,062 (-18.1%), from €5,866 to €4,804
- Taxes -€997
down €997 (-37.3%), from €2,675 to €1,678
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 | €79,723 | €93,340 | +€13,617 | +17.1% |
| Fixed assets | 21/28 | €16,304 | €11,859 | -€4,445 | -27.3% |
| Intangible fixed assets | 21 | €12,658 | €10,658 | -€2,000 | -15.8% |
| Tangible fixed assets | 22/27 | €3,646 | €1,201 | -€2,445 | -67.0% |
| Plant, machinery and equipment | 23 | €517 | €0 | -€517 | -100.0% |
| Furniture and vehicles | 24 | €3,130 | €1,201 | -€1,928 | -61.6% |
| Current assets | 29/58 | €63,419 | €81,481 | +€18,062 | +28.5% |
| Stocks and contracts in progress | 3 | €21,655 | €21,655 | = | 0.0% |
| Stocks | 30/36 | €21,655 | €21,655 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,043 | €19,300 | +€4,257 | +28.3% |
| Trade receivables | 40 | €15,043 | €19,300 | +€4,257 | +28.3% |
| Cash at bank and in hand | 54/58 | €26,721 | €40,526 | +€13,805 | +51.7% |
| Total equity and liabilities | 10/49 | €79,723 | €93,340 | +€13,617 | +17.1% |
| Equity | 10/15 | €46,684 | €52,619 | +€5,935 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,084 | €34,019 | +€5,935 | +21.1% |
| Amounts payable | 17/49 | €33,038 | €40,721 | +€7,682 | +23.3% |
| Amounts payable within one year | 42/48 | €33,038 | €40,721 | +€7,682 | +23.3% |
| Trade debts | 44 | €7,957 | €12,929 | +€4,973 | +62.5% |
| Suppliers | 440/4 | €7,957 | €12,929 | +€4,973 | +62.5% |
| Taxes, remuneration and social security | 45 | €8,982 | €10,342 | +€1,360 | +15.1% |
| Taxes | 450/3 | €7,608 | €8,961 | +€1,353 | +17.8% |
| Remuneration and social security | 454/9 | €1,374 | €1,381 | +€7 | +0.5% |
| Other amounts payable | 47/48 | €16,100 | €17,450 | +€1,350 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,866 | €4,804 | -€1,062 | -18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22 | - | +€22 | |
| Other operating charges | 640/8 | €2,504 | €447 | -€2,057 | -82.1% |
| Gross operating margin | 9900 | €21,855 | €12,976 | -€8,879 | -40.6% |
| Operating profit (loss) | 9901 | €13,508 | €7,725 | -€5,783 | -42.8% |
| Financial charges | 65/66B | €135 | €113 | -€23 | -16.7% |
| Recurring financial charges | 65 | €135 | €113 | -€23 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €13,373 | €7,613 | -€5,761 | -43.1% |
| Income taxes | 67/77 | €2,675 | €1,678 | -€997 | -37.3% |
| Profit (loss) for the period | 9904 | €10,699 | €5,935 | -€4,764 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,699 | €5,935 | -€4,764 | -44.5% |
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 26 October 2026 via checked.be.