PHDL CONSULT: 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.
PHDL CONSULT
Largest movements
- Cash +€28,787
up €28,787 (+225.7%), from €12,757 to €41,544
mainly Net result for the year (+€72,339) and Depreciation (+€22,344)
- Tangible fixed assets -€10,601
down €10,601 (-31.1%), from €34,110 to €23,508
of which Furniture and vehicles: -€12,170
- Other debts +€9,471
up €9,471 (+12.8%), from €74,183 to €83,654
- Tax, wage and social debts +€9,250
up €9,250 (+103.0%), from €8,980 to €18,230
- Trade debts -€1,825
down €1,825 (-67.3%), from €2,711 to €887
- Gross operating margin +€34,826
up €34,826 (+41.2%), from €84,524 to €119,350
- Taxes +€9,755
up €9,755 (+59.4%), from €16,423 to €26,177
- Financial income +€1,434
up €1,434 (+212.3%), from €675 to €2,109
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 | €100,874 | €117,770 | +€16,896 | +16.7% |
| Fixed assets | 21/28 | €34,110 | €23,508 | -€10,601 | -31.1% |
| Tangible fixed assets | 22/27 | €34,110 | €23,508 | -€10,601 | -31.1% |
| Plant, machinery and equipment | 23 | - | €1,569 | +€1,569 | |
| Furniture and vehicles | 24 | €34,110 | €21,940 | -€12,170 | -35.7% |
| Current assets | 29/58 | €66,764 | €94,262 | +€27,498 | +41.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,151 | €1,933 | -€217 | -10.1% |
| Trade receivables | 40 | €2,151 | €1,933 | -€217 | -10.1% |
| Current investments | 50/53 | €50,784 | €50,784 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,757 | €41,544 | +€28,787 | +225.7% |
| Deferred charges and accrued income | 490/1 | €1,072 | - | -€1,072 | |
| Total equity and liabilities | 10/49 | €100,874 | €117,770 | +€16,896 | +16.7% |
| Equity | 10/15 | €15,000 | €15,000 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €85,874 | €102,770 | +€16,896 | +19.7% |
| Amounts payable within one year | 42/48 | €85,874 | €102,770 | +€16,896 | +19.7% |
| Trade debts | 44 | €2,711 | €887 | -€1,825 | -67.3% |
| Suppliers | 440/4 | €2,711 | €887 | -€1,825 | -67.3% |
| Taxes, remuneration and social security | 45 | €8,980 | €18,230 | +€9,250 | +103.0% |
| Taxes | 450/3 | €8,980 | €18,230 | +€9,250 | +103.0% |
| Other amounts payable | 47/48 | €74,183 | €83,654 | +€9,471 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,512 | €22,344 | +€832 | +3.9% |
| Other operating charges | 640/8 | €258 | €521 | +€263 | +102.1% |
| Gross operating margin | 9900 | €84,524 | €119,350 | +€34,826 | +41.2% |
| Operating profit (loss) | 9901 | €62,754 | €96,485 | +€33,731 | +53.8% |
| Financial income | 75/76B | €675 | €2,109 | +€1,434 | +212.3% |
| Recurring financial income | 75 | €675 | €2,109 | +€1,434 | +212.3% |
| Financial charges | 65/66B | €402 | €78 | -€324 | -80.7% |
| Recurring financial charges | 65 | €402 | €78 | -€324 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | €63,027 | €98,516 | +€35,489 | +56.3% |
| Income taxes | 67/77 | €16,423 | €26,177 | +€9,755 | +59.4% |
| Profit (loss) for the period | 9904 | €46,605 | €72,339 | +€25,734 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,605 | €72,339 | +€25,734 | +55.2% |
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 11 October 2026 via checked.be.