PH Technics: 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 Technics
Largest movements
- Tangible fixed assets +€38,452
up €38,452 (+3.8%), from €1.0m to €1.0m
of which Land and buildings: +€47,122
- Stocks and contracts -€13,562
down €13,562 (-73.9%), from €18,342 to €4,780
- Debts after one year +€62,064
up €62,064 (+7.1%), from €879,029 to €941,093
of which Other amounts payable: +€100,000
- Profit (loss) carried forward -€44,265
down €44,265 (-14.5%), from -€305,035 to -€349,300
- Financial income -€26,277
down €26,277 (-100.0%), from €26,280 to €3
of which Non-recurring financial income: -€26,277
- Gross operating margin +€12,126
up €12,126 (+208.8%), from €5,806 to €17,932
- Other operating charges -€4,864
down €4,864 (-74.0%), from €6,570 to €1,706
- Depreciation +€4,144
up €4,144 (+8.5%), from €48,968 to €53,112
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 | €1,051,679 | €1,078,555 | +€26,876 | +2.6% |
| Fixed assets | 21/28 | €1,000,539 | €1,038,992 | +€38,452 | +3.8% |
| Tangible fixed assets | 22/27 | €1,000,524 | €1,038,977 | +€38,452 | +3.8% |
| Land and buildings | 22 | €951,665 | €998,787 | +€47,122 | +5.0% |
| Plant, machinery and equipment | 23 | €687 | €478 | -€210 | -30.5% |
| Furniture and vehicles | 24 | €47,892 | €39,572 | -€8,320 | -17.4% |
| Other tangible fixed assets | 26 | €280 | €140 | -€140 | -50.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €51,140 | €39,564 | -€11,576 | -22.6% |
| Stocks and contracts in progress | 3 | €18,342 | €4,780 | -€13,562 | -73.9% |
| Stocks | 30/36 | €18,342 | €4,780 | -€13,562 | -73.9% |
| Amounts receivable within one year | 40/41 | €5,760 | €11,758 | +€5,998 | +104.1% |
| Trade receivables | 40 | €5,619 | €11,295 | +€5,676 | +101.0% |
| Other amounts receivable | 41 | €141 | €463 | +€322 | +228.4% |
| Cash at bank and in hand | 54/58 | €21,424 | €16,694 | -€4,730 | -22.1% |
| Deferred charges and accrued income | 490/1 | €5,614 | €6,332 | +€718 | +12.8% |
| Total equity and liabilities | 10/49 | €1,051,679 | €1,078,555 | +€26,876 | +2.6% |
| Equity | 10/15 | €95,295 | €51,030 | -€44,265 | -46.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €330 | €330 | = | 0.0% |
| Non-distributable reserves | 130/1 | €330 | €330 | = | 0.0% |
| Reserves not available under the articles | 1311 | €330 | €330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€305,035 | -€349,300 | -€44,265 | -14.5% |
| Amounts payable | 17/49 | €956,384 | €1,027,525 | +€71,142 | +7.4% |
| Amounts payable after more than one year | 17 | €879,029 | €941,093 | +€62,064 | +7.1% |
| Financial debts | 170/4 | €504,029 | €466,093 | -€37,936 | -7.5% |
| Other amounts payable | 178/9 | €375,000 | €475,000 | +€100,000 | +26.7% |
| Amounts payable within one year | 42/48 | €77,355 | €86,433 | +€9,078 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €37,495 | €37,936 | +€441 | +1.2% |
| Trade debts | 44 | €7,647 | €5,873 | -€1,774 | -23.2% |
| Suppliers | 440/4 | €7,647 | €5,873 | -€1,774 | -23.2% |
| Taxes, remuneration and social security | 45 | €293 | €703 | +€410 | +140.1% |
| Taxes | 450/3 | €293 | €703 | +€410 | +140.1% |
| Other amounts payable | 47/48 | €31,920 | €41,921 | +€10,000 | +31.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,968 | €53,112 | +€4,144 | +8.5% |
| Other operating charges | 640/8 | €6,570 | €1,706 | -€4,864 | -74.0% |
| Gross operating margin | 9900 | €5,806 | €17,932 | +€12,126 | +208.8% |
| Operating profit (loss) | 9901 | -€49,732 | -€36,886 | +€12,846 | +25.8% |
| Financial income | 75/76B | €26,280 | €3 | -€26,277 | -100.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Non-recurring financial income | 76B | €26,280 | €3 | -€26,277 | -100.0% |
| Financial charges | 65/66B | €6,862 | €6,973 | +€110 | +1.6% |
| Recurring financial charges | 65 | €6,862 | €6,973 | +€110 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€30,313 | -€43,855 | -€13,542 | -44.7% |
| Income taxes | 67/77 | €293 | €410 | +€117 | +40.1% |
| Profit (loss) for the period | 9904 | -€30,606 | -€44,265 | -€13,659 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,606 | -€44,265 | -€13,659 | -44.6% |
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.