PHAM CONSULT: 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.
PHAM CONSULT
Largest movements
- Cash +€13,308
up €13,308 (+27.2%), from €48,969 to €62,277
mainly Net result for the year (+€31,793) and Depreciation (+€529)
- Tangible fixed assets +€11,700
new in 2025: €11,700
- Receivables within one year +€6,099
up €6,099 (+15.5%), from €39,380 to €45,479
of which Trade receivables: +€6,291
- Profit (loss) carried forward +€31,793
new in 2025: €31,793
- Other operating charges +€2,170
up €2,170 (+1318.9%), from €165 to €2,335
- Depreciation +€529
new in 2025: €529
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 | €88,868 | €119,456 | +€30,589 | +34.4% |
| Fixed assets | 21/28 | - | €11,700 | +€11,700 | |
| Tangible fixed assets | 22/27 | - | €11,700 | +€11,700 | |
| Furniture and vehicles | 24 | - | €11,700 | +€11,700 | |
| Current assets | 29/58 | €88,868 | €107,756 | +€18,889 | +21.3% |
| Amounts receivable within one year | 40/41 | €39,380 | €45,479 | +€6,099 | +15.5% |
| Trade receivables | 40 | €34,748 | €41,039 | +€6,291 | +18.1% |
| Other amounts receivable | 41 | €4,633 | €4,440 | -€193 | -4.2% |
| Cash at bank and in hand | 54/58 | €48,969 | €62,277 | +€13,308 | +27.2% |
| Deferred charges and accrued income | 490/1 | €518 | - | -€518 | |
| Total equity and liabilities | 10/49 | €88,868 | €119,456 | +€30,589 | +34.4% |
| Equity | 10/15 | €77,086 | €108,879 | +€31,793 | +41.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €74,086 | €74,086 | = | 0.0% |
| Distributable reserves | 133 | €74,086 | €74,086 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €31,793 | +€31,793 | |
| Amounts payable | 17/49 | €11,782 | €10,577 | -€1,205 | -10.2% |
| Amounts payable within one year | 42/48 | €11,782 | €10,577 | -€1,205 | -10.2% |
| Trade debts | 44 | €525 | - | -€525 | |
| Suppliers | 440/4 | €525 | - | -€525 | |
| Taxes, remuneration and social security | 45 | €11,257 | €10,577 | -€680 | -6.0% |
| Taxes | 450/3 | €11,257 | €10,577 | -€680 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €529 | +€529 | |
| Other operating charges | 640/8 | €165 | €2,335 | +€2,170 | +1318.9% |
| Gross operating margin | 9900 | €46,084 | €45,723 | -€361 | -0.8% |
| Operating profit (loss) | 9901 | €45,919 | €42,859 | -€3,061 | -6.7% |
| Financial income | 75/76B | €283 | €1 | -€283 | -99.7% |
| Recurring financial income | 75 | €283 | €1 | -€283 | -99.7% |
| Financial charges | 65/66B | €318 | €534 | +€216 | +68.0% |
| Recurring financial charges | 65 | €318 | €534 | +€216 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | €45,885 | €42,325 | -€3,559 | -7.8% |
| Income taxes | 67/77 | €10,115 | €10,532 | +€416 | +4.1% |
| Profit (loss) for the period | 9904 | €35,769 | €31,793 | -€3,976 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,769 | €31,793 | -€3,976 | -11.1% |
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 29 September 2026 via checked.be.