PHB CONSEIL: 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 CONSEIL
Largest movements
- Cash +€20,576
up €20,576 (+35.0%), from €58,735 to €79,311
mainly Depreciation (+€18,540) and Net result for the year (+€13,977)
- Tangible fixed assets -€18,540
down €18,540 (-21.9%), from €84,743 to €66,203
- Receivables within one year -€4,525
down €4,525 (-19.9%), from €22,712 to €18,187
of which Other amounts receivable: -€4,360
- Other debts -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Reserves +€3,977
up €3,977 (+2.9%), from €137,811 to €141,788
- Tax, wage and social debts +€3,926
new in 2025: €3,926
- Gross operating margin -€18,833
down €18,833 (-32.3%), from €58,304 to €39,471
- Depreciation +€11,230
up €11,230 (+153.6%), from €7,310 to €18,540
- Taxes -€8,296
down €8,296 (-53.6%), from €15,466 to €7,171
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 | €169,377 | €167,290 | -€2,087 | -1.2% |
| Fixed assets | 21/28 | €84,773 | €66,233 | -€18,540 | -21.9% |
| Tangible fixed assets | 22/27 | €84,743 | €66,203 | -€18,540 | -21.9% |
| Furniture and vehicles | 24 | €84,743 | €66,203 | -€18,540 | -21.9% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €84,604 | €101,056 | +€16,453 | +19.4% |
| Amounts receivable within one year | 40/41 | €22,712 | €18,187 | -€4,525 | -19.9% |
| Trade receivables | 40 | €6,658 | €6,493 | -€165 | -2.5% |
| Other amounts receivable | 41 | €16,054 | €11,694 | -€4,360 | -27.2% |
| Cash at bank and in hand | 54/58 | €58,735 | €79,311 | +€20,576 | +35.0% |
| Deferred charges and accrued income | 490/1 | €3,158 | €3,559 | +€401 | +12.7% |
| Total equity and liabilities | 10/49 | €169,377 | €167,290 | -€2,087 | -1.2% |
| Equity | 10/15 | €148,811 | €152,788 | +€3,977 | +2.7% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €137,811 | €141,788 | +€3,977 | +2.9% |
| Distributable reserves | 133 | €137,811 | €141,788 | +€3,977 | +2.9% |
| Amounts payable | 17/49 | €20,566 | €14,502 | -€6,064 | -29.5% |
| Amounts payable within one year | 42/48 | €20,566 | €14,502 | -€6,064 | -29.5% |
| Trade debts | 44 | €566 | €576 | +€10 | +1.8% |
| Suppliers | 440/4 | €566 | €576 | +€10 | +1.8% |
| Taxes, remuneration and social security | 45 | - | €3,926 | +€3,926 | |
| Taxes | 450/3 | - | €3,926 | +€3,926 | |
| Other amounts payable | 47/48 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,310 | €18,540 | +€11,230 | +153.6% |
| Other operating charges | 640/8 | €357 | €132 | -€225 | -63.1% |
| Gross operating margin | 9900 | €58,304 | €39,471 | -€18,833 | -32.3% |
| Operating profit (loss) | 9901 | €50,637 | €20,800 | -€29,838 | -58.9% |
| Financial income | 75/76B | €719 | €516 | -€203 | -28.3% |
| Recurring financial income | 75 | €719 | €516 | -€203 | -28.3% |
| Financial charges | 65/66B | €152 | €168 | +€16 | +10.5% |
| Recurring financial charges | 65 | €152 | €168 | +€16 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €51,204 | €21,147 | -€30,057 | -58.7% |
| Income taxes | 67/77 | €15,466 | €7,171 | -€8,296 | -53.6% |
| Profit (loss) for the period | 9904 | €35,738 | €13,977 | -€21,761 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,738 | €13,977 | -€21,761 | -60.9% |
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 7 October 2026 via checked.be.