PHconsul: what changed
Two financial 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.
PHconsul
Largest movements
- Cash +€23,873
up €23,873 (+33.4%), from €71,390 to €95,264
mainly Net result for the year (+€66,475) and Depreciation (+€42,037)
- Receivables within one year -€8,888
down €8,888 (-70.8%), from €12,551 to €3,663
of which Other amounts receivable: -€8,986
- Tangible fixed assets -€7,438
down €7,438 (-2.0%), from €367,616 to €360,178
of which Land and buildings: -€11,159
- Reserves +€66,475
up €66,475 (+27.0%), from €246,036 to €312,511
- Debts after one year -€52,960
down €52,960 (-45.2%), from €117,110 to €64,149
- Other debts -€8,794
down €8,794 (-45.8%), from €19,214 to €10,420
- Gross operating margin +€29,695
up €29,695 (+28.2%), from €105,180 to €134,875
- Depreciation +€15,835
up €15,835 (+60.4%), from €26,202 to €42,037
- Taxes +€3,560
up €3,560 (+23.7%), from €15,027 to €18,587
- Financial charges -€2,783
down €2,783 (-31.2%), from €8,912 to €6,129
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.
Derived cash bridge
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 | €451,557 | €459,104 | +€7,547 | +1.7% |
| Fixed assets | 21/28 | €367,616 | €360,178 | -€7,438 | -2.0% |
| Tangible fixed assets | 22/27 | €367,616 | €360,178 | -€7,438 | -2.0% |
| Land and buildings | 22 | €262,104 | €250,945 | -€11,159 | -4.3% |
| Furniture and vehicles | 24 | €105,512 | €109,233 | +€3,720 | +3.5% |
| Current assets | 29/58 | €83,941 | €98,926 | +€14,985 | +17.9% |
| Amounts receivable within one year | 40/41 | €12,551 | €3,663 | -€8,888 | -70.8% |
| Trade receivables | 40 | €303 | €400 | +€98 | +32.2% |
| Other amounts receivable | 41 | €12,248 | €3,263 | -€8,986 | -73.4% |
| Cash at bank and in hand | 54/58 | €71,390 | €95,264 | +€23,873 | +33.4% |
| Total equity and liabilities | 10/49 | €451,557 | €459,104 | +€7,547 | +1.7% |
| Equity | 10/15 | €248,036 | €314,511 | +€66,475 | +26.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €246,036 | €312,511 | +€66,475 | +27.0% |
| Distributable reserves | 133 | €246,036 | €312,511 | +€66,475 | +27.0% |
| Amounts payable | 17/49 | €203,521 | €144,593 | -€58,928 | -29.0% |
| Amounts payable after more than one year | 17 | €117,110 | €64,149 | -€52,960 | -45.2% |
| Financial debts | 170/4 | €117,110 | €64,149 | -€52,960 | -45.2% |
| Amounts payable within one year | 42/48 | €86,411 | €80,444 | -€5,968 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €50,851 | €53,192 | +€2,341 | +4.6% |
| Trade debts | 44 | €139 | €894 | +€755 | +544% |
| Suppliers | 440/4 | €139 | €894 | +€755 | +544% |
| Taxes, remuneration and social security | 45 | €16,208 | €15,937 | -€270 | -1.7% |
| Taxes | 450/3 | €16,208 | €15,937 | -€270 | -1.7% |
| Other amounts payable | 47/48 | €19,214 | €10,420 | -€8,794 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,202 | €42,037 | +€15,835 | +60.4% |
| Other operating charges | 640/8 | €966 | €1,647 | +€682 | +70.6% |
| Gross operating margin | 9900 | €105,180 | €134,875 | +€29,695 | +28.2% |
| Operating profit (loss) | 9901 | €78,012 | €91,191 | +€13,178 | +16.9% |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.5% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.5% |
| Financial charges | 65/66B | €8,912 | €6,129 | -€2,783 | -31.2% |
| Recurring financial charges | 65 | €8,912 | €6,129 | -€2,783 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €69,107 | €85,062 | +€15,955 | +23.1% |
| Income taxes | 67/77 | €15,027 | €18,587 | +€3,560 | +23.7% |
| Profit (loss) for the period | 9904 | €54,080 | €66,475 | +€12,395 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,080 | €66,475 | +€12,395 | +22.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.