PHB Development: 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 Development
Largest movements
- Receivables within one year +€58,208
up €58,208 (+52.3%), from €111,337 to €169,545
of which Trade receivables: +€81,799
- Cash -€55,080
down €55,080 (-40.8%), from €134,983 to €79,903
mainly Contributions, distributions and other (-€89,978) and Receivables within one year (-€58,208)
- Deferred charges and accrued income +€4,276
up €4,276 (+1342.0%), from €319 to €4,595
- Reserves -€88,494
down €88,494 (-45.7%), from €193,696 to €105,202
of which Distributable reserves: -€88,494
- Accrued charges and deferred income +€74,326
up €74,326 (+230.8%), from €32,201 to €106,527
- Trade debts +€20,981
up €20,981 (+181.8%), from €11,541 to €32,522
- Gross operating margin +€29,701
up €29,701, from -€26,855 to €2,846
- Financial charges +€3,082
up €3,082 (+81.8%), from €3,766 to €6,847
- Financial income +€2,954
up €2,954 (+101.0%), from €2,926 to €5,880
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 | €249,838 | €257,242 | +€7,404 | +3.0% |
| Fixed assets | 21/28 | €3,200 | €3,200 | = | 0.0% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €246,638 | €254,042 | +€7,404 | +3.0% |
| Amounts receivable within one year | 40/41 | €111,337 | €169,545 | +€58,208 | +52.3% |
| Trade receivables | 40 | €79,663 | €161,462 | +€81,799 | +102.7% |
| Other amounts receivable | 41 | €31,673 | €8,083 | -€23,591 | -74.5% |
| Cash at bank and in hand | 54/58 | €134,983 | €79,903 | -€55,080 | -40.8% |
| Deferred charges and accrued income | 490/1 | €319 | €4,595 | +€4,276 | +1342.0% |
| Total equity and liabilities | 10/49 | €249,838 | €257,242 | +€7,404 | +3.0% |
| Equity | 10/15 | €206,096 | €117,602 | -€88,494 | -42.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €193,696 | €105,202 | -€88,494 | -45.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €191,836 | €103,342 | -€88,494 | -46.1% |
| Amounts payable | 17/49 | €43,742 | €139,640 | +€95,898 | +219.2% |
| Amounts payable within one year | 42/48 | €11,541 | €33,113 | +€21,571 | +186.9% |
| Trade debts | 44 | €11,541 | €32,522 | +€20,981 | +181.8% |
| Suppliers | 440/4 | €11,541 | €32,522 | +€20,981 | +181.8% |
| Taxes, remuneration and social security | 45 | - | €591 | +€591 | |
| Taxes | 450/3 | - | €591 | +€591 | |
| Accrued charges and deferred income | 492/3 | €32,201 | €106,527 | +€74,326 | +230.8% |
| Other operating charges | 640/8 | €643 | €400 | -€243 | -37.8% |
| Gross operating margin | 9900 | -€26,855 | €2,846 | +€29,701 | |
| Operating profit (loss) | 9901 | -€27,498 | €2,446 | +€29,944 | |
| Financial income | 75/76B | €2,926 | €5,880 | +€2,954 | +101.0% |
| Recurring financial income | 75 | €2,926 | €5,880 | +€2,954 | +101.0% |
| Financial charges | 65/66B | €3,766 | €6,847 | +€3,082 | +81.8% |
| Recurring financial charges | 65 | €3,766 | €6,847 | +€3,082 | +81.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,338 | €1,479 | +€29,817 | |
| Income taxes | 67/77 | €6 | -€6 | -€12 | |
| Profit (loss) for the period | 9904 | -€28,344 | €1,485 | +€29,829 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,344 | €1,485 | +€29,829 |
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 4 October 2026 via checked.be.