PHD OPERATIONAL CONSULTING: 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.
PHD OPERATIONAL CONSULTING
Largest movements
- Tangible fixed assets -€11,280
down €11,280 (-75.3%), from €14,972 to €3,692
- Receivables within one year +€4,660
up €4,660 (+16.7%), from €27,834 to €32,494
of which Other amounts receivable: +€5,146
- Cash +€3,591
up €3,591 (+5.5%), from €64,713 to €68,304
mainly Net result for the year (+€44,492) and Depreciation (+€11,280)
- Other debts -€10,563
down €10,563 (-12.6%), from €83,845 to €73,283
- Tax, wage and social debts +€4,759
up €4,759 (+62.0%), from €7,677 to €12,436
- Trade debts +€2,453
up €2,453 (+1,093%), from €225 to €2,678
- Gross operating margin -€11,970
down €11,970 (-14.4%), from €83,008 to €71,038
- Taxes -€2,169
down €2,169 (-13.4%), from €16,212 to €14,043
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 | €110,667 | €107,848 | -€2,819 | -2.5% |
| Fixed assets | 21/28 | €15,222 | €3,942 | -€11,280 | -74.1% |
| Tangible fixed assets | 22/27 | €14,972 | €3,692 | -€11,280 | -75.3% |
| Furniture and vehicles | 24 | €14,972 | €3,692 | -€11,280 | -75.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €95,444 | €103,906 | +€8,462 | +8.9% |
| Amounts receivable within one year | 40/41 | €27,834 | €32,494 | +€4,660 | +16.7% |
| Trade receivables | 40 | €26,046 | €25,560 | -€486 | -1.9% |
| Other amounts receivable | 41 | €1,788 | €6,934 | +€5,146 | +288% |
| Cash at bank and in hand | 54/58 | €64,713 | €68,304 | +€3,591 | +5.5% |
| Deferred charges and accrued income | 490/1 | €2,898 | €3,108 | +€211 | +7.3% |
| Total equity and liabilities | 10/49 | €110,667 | €107,848 | -€2,819 | -2.5% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,067 | €89,248 | -€2,819 | -3.1% |
| Amounts payable within one year | 42/48 | €92,067 | €89,248 | -€2,819 | -3.1% |
| Financial debts | 43 | €320 | €851 | +€532 | +166% |
| Credit institutions | 430/8 | €320 | €851 | +€532 | +166% |
| Trade debts | 44 | €225 | €2,678 | +€2,453 | +1,093% |
| Suppliers | 440/4 | €225 | €2,678 | +€2,453 | +1,093% |
| Taxes, remuneration and social security | 45 | €7,677 | €12,436 | +€4,759 | +62.0% |
| Taxes | 450/3 | €7,677 | €12,436 | +€4,759 | +62.0% |
| Other amounts payable | 47/48 | €83,845 | €73,283 | -€10,563 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,109 | €11,280 | +€171 | +1.5% |
| Other operating charges | 640/8 | €1,124 | €1,097 | -€27 | -2.4% |
| Gross operating margin | 9900 | €83,008 | €71,038 | -€11,970 | -14.4% |
| Operating profit (loss) | 9901 | €70,775 | €58,661 | -€12,113 | -17.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | -€0 | €126 | +€127 | |
| Recurring financial charges | 65 | -€0 | €126 | +€127 | |
| Profit (loss) for the period before taxes | 9903 | €70,776 | €58,535 | -€12,241 | -17.3% |
| Income taxes | 67/77 | €16,212 | €14,043 | -€2,169 | -13.4% |
| Profit (loss) for the period | 9904 | €54,564 | €44,492 | -€10,072 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,564 | €44,492 | -€10,072 | -18.5% |
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 19 October 2026 via checked.be.