PHC Expert: 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 Expert
Largest movements
- Current investments +€100,000
new in 2024: €100,000
- Cash -€62,600
down €62,600 (-36.5%), from €171,360 to €108,760
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€64,253)
- Tangible fixed assets +€48,867
up €48,867 (+53.8%), from €90,789 to €139,656
of which Furniture and vehicles: +€51,145
- Receivables within one year -€4,789
down €4,789 (-17.2%), from €27,878 to €23,089
of which Trade receivables: -€4,498
- Reserves +€51,082
up €51,082 (+24.3%), from €209,828 to €260,910
- Debts after one year +€14,927
up €14,927 (+103.4%), from €14,439 to €29,366
- Tax, wage and social debts +€8,587
up €8,587 (+20.0%), from €42,833 to €51,420
of which Taxes: +€17,549
- Current portion of long-term debt +€8,138
up €8,138 (+79.6%), from €10,226 to €18,364
- Gross operating margin +€67,493
up €67,493 (+34.7%), from €194,664 to €262,157
- Staff costs +€38,616
up €38,616 (+42.6%), from €90,750 to €129,366
- Depreciation +€7,134
up €7,134 (+81.6%), from €8,744 to €15,878
- Provisions +€4,619
up €4,619 (+174.8%), from €2,643 to €7,262
- Other operating charges +€4,432
up €4,432 (+286.1%), from €1,549 to €5,981
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 | €323,275 | €405,589 | +€82,314 | +25.5% |
| Fixed assets | 21/28 | €91,406 | €139,781 | +€48,375 | +52.9% |
| Intangible fixed assets | 21 | €492 | - | -€492 | |
| Tangible fixed assets | 22/27 | €90,789 | €139,656 | +€48,867 | +53.8% |
| Land and buildings | 22 | €86,818 | €83,066 | -€3,752 | -4.3% |
| Furniture and vehicles | 24 | €3,971 | €55,116 | +€51,145 | +1288.0% |
| Other tangible fixed assets | 26 | - | €1,474 | +€1,474 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €231,869 | €265,808 | +€33,939 | +14.6% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,878 | €23,089 | -€4,789 | -17.2% |
| Trade receivables | 40 | €25,966 | €21,468 | -€4,498 | -17.3% |
| Other amounts receivable | 41 | €1,912 | €1,621 | -€291 | -15.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €171,360 | €108,760 | -€62,600 | -36.5% |
| Deferred charges and accrued income | 490/1 | €2,631 | €3,959 | +€1,328 | +50.5% |
| Total equity and liabilities | 10/49 | €323,275 | €405,589 | +€82,314 | +25.5% |
| Equity | 10/15 | €226,828 | €277,910 | +€51,082 | +22.5% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €209,828 | €260,910 | +€51,082 | +24.3% |
| Distributable reserves | 133 | €209,828 | €260,910 | +€51,082 | +24.3% |
| Provisions and deferred taxes | 16 | €2,643 | €1,268 | -€1,375 | -52.0% |
| Provisions for liabilities and charges | 160/5 | €2,643 | €1,268 | -€1,375 | -52.0% |
| Environmental obligations | 163 | €2,643 | €1,268 | -€1,375 | -52.0% |
| Amounts payable | 17/49 | €93,804 | €126,411 | +€32,607 | +34.8% |
| Amounts payable after more than one year | 17 | €14,439 | €29,366 | +€14,927 | +103.4% |
| Financial debts | 170/4 | €14,439 | €29,366 | +€14,927 | +103.4% |
| Amounts payable within one year | 42/48 | €78,745 | €97,045 | +€18,300 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €10,226 | €18,364 | +€8,138 | +79.6% |
| Trade debts | 44 | €8,271 | €10,028 | +€1,757 | +21.2% |
| Suppliers | 440/4 | €8,271 | €10,028 | +€1,757 | +21.2% |
| Taxes, remuneration and social security | 45 | €42,833 | €51,420 | +€8,587 | +20.0% |
| Taxes | 450/3 | €33,871 | €51,420 | +€17,549 | +51.8% |
| Remuneration and social security | 454/9 | €8,962 | - | -€8,962 | |
| Other amounts payable | 47/48 | €17,415 | €17,233 | -€182 | -1.0% |
| Accrued charges and deferred income | 492/3 | €620 | - | -€620 | |
| Non-recurring operating income | 76A | - | €6,484 | +€6,484 | |
| Remuneration, social security and pensions | 62 | €90,750 | €129,366 | +€38,616 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,744 | €15,878 | +€7,134 | +81.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,643 | €7,262 | +€4,619 | +174.8% |
| Other operating charges | 640/8 | €1,549 | €5,981 | +€4,432 | +286.1% |
| Gross operating margin | 9900 | €194,664 | €262,157 | +€67,493 | +34.7% |
| Operating profit (loss) | 9901 | €90,978 | €103,670 | +€12,692 | +14.0% |
| Financial income | 75/76B | €817 | €2,096 | +€1,279 | +156.5% |
| Recurring financial income | 75 | €817 | €2,096 | +€1,279 | +156.5% |
| Financial charges | 65/66B | €3,130 | €4,267 | +€1,137 | +36.3% |
| Recurring financial charges | 65 | €3,130 | €4,267 | +€1,137 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €88,665 | €101,499 | +€12,834 | +14.5% |
| Income taxes | 67/77 | €26,250 | €29,558 | +€3,308 | +12.6% |
| Profit (loss) for the period | 9904 | €62,415 | €71,941 | +€9,526 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,415 | €71,941 | +€9,526 | +15.3% |
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 1 October 2026 via checked.be.