PHC: 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.
PHC
Largest movements
- Intangible fixed assets -€170,735
down €170,735 (-23.6%), from €722,073 to €551,339
- Receivables within one year -€63,861
down €63,861 (-22.1%), from €289,525 to €225,663
of which Trade receivables: -€68,616
- Cash +€31,680
up €31,680 (+104.4%), from €30,332 to €62,012
mainly Depreciation (+€201,963) and Receivables within one year (+€63,861)
- Tax, wage and social debts -€137,736
down €137,736 (-46.0%), from €299,214 to €161,478
of which Remuneration and social security: -€87,192
- Other debts -€130,287
down €130,287 (-41.3%), from €315,457 to €185,170
- Trade debts +€48,286
up €48,286 (+87.5%), from €55,175 to €103,461
- Current portion of long-term debt +€21,486
up €21,486 (+38.2%), from €56,182 to €77,667
- Gross operating margin +€352,929
up €352,929 (+18.5%), from €1.9m to €2.3m
- Staff costs +€281,485
up €281,485 (+16.3%), from €1.7m to €2.0m
- Depreciation +€40,416
up €40,416 (+25.0%), from €161,547 to €201,963
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 | €1,129,847 | €935,232 | -€194,615 | -17.2% |
| Fixed assets | 21/28 | €797,073 | €627,431 | -€169,642 | -21.3% |
| Intangible fixed assets | 21 | €722,073 | €551,339 | -€170,735 | -23.6% |
| Tangible fixed assets | 22/27 | - | €1,093 | +€1,093 | |
| Plant, machinery and equipment | 23 | - | €1,093 | +€1,093 | |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €332,774 | €307,801 | -€24,973 | -7.5% |
| Amounts receivable within one year | 40/41 | €289,525 | €225,663 | -€63,861 | -22.1% |
| Trade receivables | 40 | €289,511 | €220,895 | -€68,616 | -23.7% |
| Other amounts receivable | 41 | €13 | €4,768 | +€4,755 | +36134.4% |
| Cash at bank and in hand | 54/58 | €30,332 | €62,012 | +€31,680 | +104.4% |
| Deferred charges and accrued income | 490/1 | €12,917 | €20,126 | +€7,209 | +55.8% |
| Total equity and liabilities | 10/49 | €1,129,847 | €935,232 | -€194,615 | -17.2% |
| Equity | 10/15 | €298,686 | €305,751 | +€7,065 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,626 | €297,691 | +€7,065 | +2.4% |
| Amounts payable | 17/49 | €831,161 | €629,481 | -€201,680 | -24.3% |
| Amounts payable after more than one year | 17 | €105,134 | €101,705 | -€3,429 | -3.3% |
| Financial debts | 170/4 | €105,134 | €101,705 | -€3,429 | -3.3% |
| Amounts payable within one year | 42/48 | €726,028 | €527,776 | -€198,252 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €56,182 | €77,667 | +€21,486 | +38.2% |
| Trade debts | 44 | €55,175 | €103,461 | +€48,286 | +87.5% |
| Suppliers | 440/4 | €55,175 | €103,461 | +€48,286 | +87.5% |
| Taxes, remuneration and social security | 45 | €299,214 | €161,478 | -€137,736 | -46.0% |
| Taxes | 450/3 | €157,918 | €107,374 | -€50,544 | -32.0% |
| Remuneration and social security | 454/9 | €141,296 | €54,104 | -€87,192 | -61.7% |
| Other amounts payable | 47/48 | €315,457 | €185,170 | -€130,287 | -41.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,729,717 | €2,011,202 | +€281,485 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,547 | €201,963 | +€40,416 | +25.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,356 | +€19,356 | |
| Other operating charges | 640/8 | €1,908 | €1,252 | -€656 | -34.4% |
| Gross operating margin | 9900 | €1,911,418 | €2,264,347 | +€352,929 | +18.5% |
| Operating profit (loss) | 9901 | €18,246 | €30,574 | +€12,328 | +67.6% |
| Financial income | 75/76B | €540 | €0 | -€540 | -100.0% |
| Recurring financial income | 75 | €540 | €0 | -€540 | -100.0% |
| Financial charges | 65/66B | €8,845 | €11,547 | +€2,702 | +30.5% |
| Recurring financial charges | 65 | €8,845 | €11,547 | +€2,702 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €9,941 | €19,027 | +€9,086 | +91.4% |
| Income taxes | 67/77 | €9,889 | €11,962 | +€2,073 | +21.0% |
| Profit (loss) for the period | 9904 | €52 | €7,065 | +€7,014 | +13563.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52 | €7,065 | +€7,014 | +13563.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.