PHB: 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.
PHB
Largest movements
- Tangible fixed assets +€10,175
up €10,175 (+43.0%), from €23,678 to €33,853
- Deferred charges and accrued income +€10,000
new in 2024: €10,000
- Receivables within one year -€4,872
down €4,872 (-40.2%), from €12,113 to €7,242
of which Trade receivables: -€3,292
- Cash +€2,545
up €2,545 (+28.9%), from €8,799 to €11,344
mainly Depreciation (+€20,509) and Trade debts (+€15,471)
- Trade debts +€15,471
up €15,471 (+603.2%), from €2,565 to €18,036
- Other debts +€14,906
up €14,906 (+734.5%), from €2,029 to €16,935
- Debts after one year -€8,722
down €8,722 (-53.7%), from €16,230 to €7,508
- Profit (loss) carried forward +€8,377
up €8,377, from -€7,857 to €520
- Accrued charges and deferred income -€6,629
down €6,629 (-93.9%), from €7,058 to €429
- Staff costs -€9,988
no longer reported in 2024 (was €9,988)
- Gross operating margin +€6,728
up €6,728 (+29.3%), from €22,943 to €29,671
- Depreciation +€3,908
up €3,908 (+23.5%), from €16,601 to €20,509
- Other operating charges -€1,626
down €1,626 (-70.1%), from €2,322 to €695
- Financial income +€1,194
new in 2024: €1,194
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,591 | €62,439 | +€17,848 | +40.0% |
| Fixed assets | 21/28 | €23,678 | €33,853 | +€10,175 | +43.0% |
| Tangible fixed assets | 22/27 | €23,678 | €33,853 | +€10,175 | +43.0% |
| Furniture and vehicles | 24 | €23,678 | €33,853 | +€10,175 | +43.0% |
| Current assets | 29/58 | €20,913 | €28,585 | +€7,673 | +36.7% |
| Amounts receivable within one year | 40/41 | €12,113 | €7,242 | -€4,872 | -40.2% |
| Trade receivables | 40 | €10,000 | €6,708 | -€3,292 | -32.9% |
| Other amounts receivable | 41 | €2,113 | €534 | -€1,580 | -74.8% |
| Cash at bank and in hand | 54/58 | €8,799 | €11,344 | +€2,545 | +28.9% |
| Deferred charges and accrued income | 490/1 | - | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €44,591 | €62,439 | +€17,848 | +40.0% |
| Equity | 10/15 | €2,143 | €10,520 | +€8,377 | +390.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,857 | €520 | +€8,377 | |
| Amounts payable | 17/49 | €42,447 | €51,918 | +€9,471 | +22.3% |
| Amounts payable after more than one year | 17 | €16,230 | €7,508 | -€8,722 | -53.7% |
| Financial debts | 170/4 | €16,230 | €7,508 | -€8,722 | -53.7% |
| Amounts payable within one year | 42/48 | €19,160 | €43,981 | +€24,822 | +129.6% |
| Current portion of amounts payable after more than one year | 42 | €8,418 | €8,722 | +€304 | +3.6% |
| Trade debts | 44 | €2,565 | €18,036 | +€15,471 | +603.2% |
| Suppliers | 440/4 | €2,565 | €18,036 | +€15,471 | +603.2% |
| Taxes, remuneration and social security | 45 | €6,147 | €289 | -€5,858 | -95.3% |
| Taxes | 450/3 | - | €289 | +€289 | |
| Remuneration and social security | 454/9 | €6,147 | - | -€6,147 | |
| Other amounts payable | 47/48 | €2,029 | €16,935 | +€14,906 | +734.5% |
| Accrued charges and deferred income | 492/3 | €7,058 | €429 | -€6,629 | -93.9% |
| Remuneration, social security and pensions | 62 | €9,988 | - | -€9,988 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,601 | €20,509 | +€3,908 | +23.5% |
| Other operating charges | 640/8 | €2,322 | €695 | -€1,626 | -70.1% |
| Gross operating margin | 9900 | €22,943 | €29,671 | +€6,728 | +29.3% |
| Operating profit (loss) | 9901 | -€5,968 | €8,466 | +€14,434 | |
| Financial income | 75/76B | - | €1,194 | +€1,194 | |
| Recurring financial income | 75 | - | €1,194 | +€1,194 | |
| Financial charges | 65/66B | €1,889 | €994 | -€895 | -47.4% |
| Recurring financial charges | 65 | €1,889 | €994 | -€895 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,857 | €8,666 | +€16,523 | |
| Income taxes | 67/77 | - | €289 | +€289 | |
| Profit (loss) for the period | 9904 | -€7,857 | €8,377 | +€16,234 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,857 | €8,377 | +€16,234 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.