PH Tech: 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 Tech
Largest movements
- Cash +€51,323
up €51,323 (+87.9%), from €58,399 to €109,722
mainly Net result for the year (+€62,192) and Tax, wage and social debts (+€782)
- Receivables within one year +€11,838
up €11,838 (+71.7%), from €16,517 to €28,354
- Profit (loss) carried forward +€61,392
up €61,392 (+130.9%), from €46,889 to €108,280
- Gross operating margin +€19,118
up €19,118 (+31.8%), from €60,096 to €79,214
- Taxes +€4,425
up €4,425 (+35.7%), from €12,403 to €16,827
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 | €75,180 | €138,320 | +€63,140 | +84.0% |
| Current assets | 29/58 | €75,180 | €138,320 | +€63,140 | +84.0% |
| Amounts receivable within one year | 40/41 | €16,517 | €28,354 | +€11,838 | +71.7% |
| Trade receivables | 40 | €16,517 | €28,354 | +€11,838 | +71.7% |
| Cash at bank and in hand | 54/58 | €58,399 | €109,722 | +€51,323 | +87.9% |
| Deferred charges and accrued income | 490/1 | €265 | €244 | -€21 | -7.9% |
| Total equity and liabilities | 10/49 | €75,180 | €138,320 | +€63,140 | +84.0% |
| Equity | 10/15 | €49,889 | €111,280 | +€61,392 | +123.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,889 | €108,280 | +€61,392 | +130.9% |
| Amounts payable | 17/49 | €25,291 | €27,040 | +€1,748 | +6.9% |
| Amounts payable within one year | 42/48 | €25,291 | €27,040 | +€1,748 | +6.9% |
| Trade debts | 44 | €492 | €1,029 | +€537 | +109.2% |
| Suppliers | 440/4 | €492 | €1,029 | +€537 | +109.2% |
| Taxes, remuneration and social security | 45 | €23,844 | €24,626 | +€782 | +3.3% |
| Taxes | 450/3 | €23,844 | €24,626 | +€782 | +3.3% |
| Other amounts payable | 47/48 | €955 | €1,384 | +€429 | +44.9% |
| Gross operating margin | 9900 | €60,096 | €79,214 | +€19,118 | +31.8% |
| Operating profit (loss) | 9901 | €60,096 | €79,214 | +€19,118 | +31.8% |
| Financial charges | 65/66B | €4 | €195 | +€191 | +4590.4% |
| Recurring financial charges | 65 | €4 | €195 | +€191 | +4590.4% |
| Profit (loss) for the period before taxes | 9903 | €60,091 | €79,019 | +€18,928 | +31.5% |
| Income taxes | 67/77 | €12,403 | €16,827 | +€4,425 | +35.7% |
| Profit (loss) for the period | 9904 | €47,689 | €62,192 | +€14,503 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,689 | €62,192 | +€14,503 | +30.4% |
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 28 September 2026 via checked.be.