PHD2 Consulting: 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.
PHD2 Consulting
Largest movements
- Receivables within one year +€17,280
up €17,280 (+24.3%), from €71,111 to €88,391
of which Other amounts receivable: +€38,304
- Cash +€3,647
up €3,647 (+14.2%), from €25,742 to €29,390
mainly Net result for the year (+€21,736) and Trade debts (+€763)
- Deferred charges and accrued income +€1,781
up €1,781 (+105.7%), from €1,685 to €3,466
- Reserves +€21,736
up €21,736 (+58.7%), from €37,000 to €58,736
- Gross operating margin +€26,793
up €26,793 (+797.0%), from €3,362 to €30,154
- Taxes +€7,845
up €7,845 (+490.5%), from €1,599 to €9,444
- Financial income +€1,230
up €1,230 (+81.1%), from €1,517 to €2,748
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 | €99,103 | €121,634 | +€22,532 | +22.7% |
| Fixed assets | 21/28 | €565 | €387 | -€177 | -31.4% |
| Tangible fixed assets | 22/27 | €565 | €387 | -€177 | -31.4% |
| Other tangible fixed assets | 26 | €565 | €387 | -€177 | -31.4% |
| Current assets | 29/58 | €98,538 | €121,247 | +€22,709 | +23.0% |
| Amounts receivable within one year | 40/41 | €71,111 | €88,391 | +€17,280 | +24.3% |
| Trade receivables | 40 | €34,455 | €13,431 | -€21,024 | -61.0% |
| Other amounts receivable | 41 | €36,656 | €74,960 | +€38,304 | +104.5% |
| Cash at bank and in hand | 54/58 | €25,742 | €29,390 | +€3,647 | +14.2% |
| Deferred charges and accrued income | 490/1 | €1,685 | €3,466 | +€1,781 | +105.7% |
| Total equity and liabilities | 10/49 | €99,103 | €121,634 | +€22,532 | +22.7% |
| Equity | 10/15 | €83,632 | €105,369 | +€21,736 | +26.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €37,000 | €58,736 | +€21,736 | +58.7% |
| Distributable reserves | 133 | €37,000 | €58,736 | +€21,736 | +58.7% |
| Profit (loss) carried forward | 14 | €41,632 | €41,632 | = | 0.0% |
| Amounts payable | 17/49 | €15,470 | €16,266 | +€796 | +5.1% |
| Amounts payable within one year | 42/48 | €15,470 | €16,266 | +€796 | +5.1% |
| Financial debts | 43 | €101 | - | -€101 | |
| Credit institutions | 430/8 | €101 | - | -€101 | |
| Trade debts | 44 | €1,954 | €2,717 | +€763 | +39.0% |
| Suppliers | 440/4 | €1,954 | €2,717 | +€763 | +39.0% |
| Taxes, remuneration and social security | 45 | €13,416 | €13,549 | +€134 | +1.0% |
| Taxes | 450/3 | €13,416 | €13,549 | +€134 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177 | €177 | = | 0.0% |
| Gross operating margin | 9900 | €3,362 | €30,154 | +€26,793 | +797.0% |
| Operating profit (loss) | 9901 | €3,185 | €29,977 | +€26,793 | +841.3% |
| Financial income | 75/76B | €1,517 | €2,748 | +€1,230 | +81.1% |
| Recurring financial income | 75 | €1,517 | €2,748 | +€1,230 | +81.1% |
| Financial charges | 65/66B | €1,553 | €1,544 | -€9 | -0.6% |
| Recurring financial charges | 65 | €1,553 | €1,544 | -€9 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €3,149 | €31,181 | +€28,032 | +890.3% |
| Income taxes | 67/77 | €1,599 | €9,444 | +€7,845 | +490.5% |
| Profit (loss) for the period | 9904 | €1,549 | €21,736 | +€20,187 | +1303.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,549 | €21,736 | +€20,187 | +1303.2% |
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 8 October 2026 via checked.be.