PH Rythmo: 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 Rythmo
Largest movements
- Current investments +€20,000
up €20,000 (+16.6%), from €120,756 to €140,756
- Receivables within one year +€14,296
up €14,296 (+16.1%), from €88,675 to €102,971
of which Trade receivables: +€14,324
- Tangible fixed assets -€10,519
down €10,519 (-22.2%), from €47,440 to €36,921
of which Furniture and vehicles: -€8,218
- Cash +€7,452
up €7,452 (+5.9%), from €126,915 to €134,367
mainly Net result for the year (+€84,161) and Depreciation (+€17,545)
- Reserves +€62,000
up €62,000 (+19.8%), from €313,860 to €375,860
- Tax, wage and social debts -€19,091
down €19,091 (-48.3%), from €39,556 to €20,465
- Other debts -€8,517
down €8,517 (-93.6%), from €9,100 to €583
- Gross operating margin +€36,083
up €36,083 (+35.6%), from €101,354 to €137,438
- Depreciation +€12,269
up €12,269 (+232.6%), from €5,275 to €17,545
- Taxes +€7,606
up €7,606 (+27.3%), from €27,875 to €35,482
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 | €385,361 | €415,982 | +€30,621 | +7.9% |
| Fixed assets | 21/28 | €47,440 | €36,921 | -€10,519 | -22.2% |
| Tangible fixed assets | 22/27 | €47,440 | €36,921 | -€10,519 | -22.2% |
| Furniture and vehicles | 24 | €39,588 | €31,371 | -€8,218 | -20.8% |
| Other tangible fixed assets | 26 | €7,852 | €5,550 | -€2,302 | -29.3% |
| Current assets | 29/58 | €337,921 | €379,061 | +€41,141 | +12.2% |
| Amounts receivable within one year | 40/41 | €88,675 | €102,971 | +€14,296 | +16.1% |
| Trade receivables | 40 | €86,555 | €100,879 | +€14,324 | +16.5% |
| Other amounts receivable | 41 | €2,121 | €2,092 | -€28 | -1.3% |
| Current investments | 50/53 | €120,756 | €140,756 | +€20,000 | +16.6% |
| Cash at bank and in hand | 54/58 | €126,915 | €134,367 | +€7,452 | +5.9% |
| Deferred charges and accrued income | 490/1 | €1,574 | €967 | -€607 | -38.6% |
| Total equity and liabilities | 10/49 | €385,361 | €415,982 | +€30,621 | +7.9% |
| Equity | 10/15 | €327,307 | €388,635 | +€61,328 | +18.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €313,860 | €375,860 | +€62,000 | +19.8% |
| Distributable reserves | 133 | €313,860 | €375,860 | +€62,000 | +19.8% |
| Profit (loss) carried forward | 14 | €947 | €275 | -€672 | -70.9% |
| Amounts payable | 17/49 | €58,054 | €27,347 | -€30,707 | -52.9% |
| Amounts payable within one year | 42/48 | €58,054 | €27,347 | -€30,707 | -52.9% |
| Trade debts | 44 | €9,398 | €6,298 | -€3,100 | -33.0% |
| Suppliers | 440/4 | €9,398 | €6,298 | -€3,100 | -33.0% |
| Taxes, remuneration and social security | 45 | €39,556 | €20,465 | -€19,091 | -48.3% |
| Taxes | 450/3 | €39,556 | €20,465 | -€19,091 | -48.3% |
| Other amounts payable | 47/48 | €9,100 | €583 | -€8,517 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,275 | €17,545 | +€12,269 | +232.6% |
| Other operating charges | 640/8 | €549 | €566 | +€18 | +3.2% |
| Non-recurring operating charges | 66A | - | €515 | +€515 | |
| Gross operating margin | 9900 | €101,354 | €137,438 | +€36,083 | +35.6% |
| Operating profit (loss) | 9901 | €95,530 | €118,811 | +€23,281 | +24.4% |
| Financial income | 75/76B | €1,495 | €1,008 | -€487 | -32.6% |
| Recurring financial income | 75 | €1,495 | €1,008 | -€487 | -32.6% |
| Financial charges | 65/66B | €1,133 | €176 | -€957 | -84.5% |
| Recurring financial charges | 65 | €1,133 | €176 | -€957 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | €95,892 | €119,643 | +€23,751 | +24.8% |
| Income taxes | 67/77 | €27,875 | €35,482 | +€7,606 | +27.3% |
| Profit (loss) for the period | 9904 | €68,016 | €84,161 | +€16,145 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,016 | €84,161 | +€16,145 | +23.7% |
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 4 October 2026 via checked.be.