PHCC: 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.
PHCC
Largest movements
- Tangible fixed assets +€47,309
new in 2025: €47,309
of which Other tangible fixed assets: +€30,357
- Cash +€32,471
up €32,471 (+207.4%), from €15,655 to €48,127
mainly Net result for the year (+€59,700) and Tax, wage and social debts (+€28,460)
- Profit (loss) carried forward +€59,700
up €59,700 (+1229.0%), from €4,858 to €64,558
- Tax, wage and social debts +€28,460
up €28,460 (+928.9%), from €3,064 to €31,524
of which Taxes: +€26,460
- Other debts -€7,368
down €7,368 (-98.1%), from €7,508 to €140
- Gross operating margin +€78,228
up €78,228 (+1268.6%), from €6,166 to €84,395
- Taxes +€15,025
up €15,025 (+1155.3%), from €1,301 to €16,325
- Depreciation +€7,880
new in 2025: €7,880
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 | €17,615 | €98,367 | +€80,751 | +458.4% |
| Fixed assets | 21/28 | - | €47,309 | +€47,309 | |
| Tangible fixed assets | 22/27 | - | €47,309 | +€47,309 | |
| Furniture and vehicles | 24 | - | €16,952 | +€16,952 | |
| Other tangible fixed assets | 26 | - | €30,357 | +€30,357 | |
| Current assets | 29/58 | €17,615 | €51,057 | +€33,442 | +189.8% |
| Amounts receivable within one year | 40/41 | - | €53 | +€53 | |
| Trade receivables | 40 | - | €53 | +€53 | |
| Cash at bank and in hand | 54/58 | €15,655 | €48,127 | +€32,471 | +207.4% |
| Deferred charges and accrued income | 490/1 | €1,960 | €2,877 | +€918 | +46.8% |
| Total equity and liabilities | 10/49 | €17,615 | €98,367 | +€80,751 | +458.4% |
| Equity | 10/15 | €6,858 | €66,558 | +€59,700 | +870.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,858 | €64,558 | +€59,700 | +1229.0% |
| Amounts payable | 17/49 | €10,758 | €31,809 | +€21,051 | +195.7% |
| Amounts payable within one year | 42/48 | €10,758 | €31,809 | +€21,051 | +195.7% |
| Trade debts | 44 | €186 | €145 | -€41 | -22.0% |
| Suppliers | 440/4 | €186 | €145 | -€41 | -22.0% |
| Taxes, remuneration and social security | 45 | €3,064 | €31,524 | +€28,460 | +928.9% |
| Taxes | 450/3 | €3,064 | €29,524 | +€26,460 | +863.6% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €7,508 | €140 | -€7,368 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,880 | +€7,880 | |
| Other operating charges | 640/8 | - | €426 | +€426 | |
| Gross operating margin | 9900 | €6,166 | €84,395 | +€78,228 | +1268.6% |
| Operating profit (loss) | 9901 | €6,166 | €76,089 | +€69,923 | +1133.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €8 | €65 | +€57 | +673.8% |
| Recurring financial charges | 65 | €8 | €65 | +€57 | +673.8% |
| Profit (loss) for the period before taxes | 9903 | €6,158 | €76,025 | +€69,867 | +1134.6% |
| Income taxes | 67/77 | €1,301 | €16,325 | +€15,025 | +1155.3% |
| Profit (loss) for the period | 9904 | €4,858 | €59,700 | +€54,843 | +1129.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,858 | €59,700 | +€54,843 | +1129.0% |
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 2 October 2026 via checked.be.