PHEAL IT: 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.
PHEAL IT
Largest movements
- Cash -€14,996
down €14,996 (-23.1%), from €64,856 to €49,861
mainly Contributions, distributions and other (-€46,943) and Other debts (-€14,468)
- Receivables within one year +€6,069
up €6,069 (+18.3%), from €33,101 to €39,169
of which Trade receivables: +€6,008
- Deferred charges and accrued income -€1,511
down €1,511 (-25.9%), from €5,834 to €4,323
- Other debts -€14,468
down €14,468 (-19.7%), from €73,605 to €59,137
- Tax, wage and social debts +€2,644
up €2,644 (+20.0%), from €13,251 to €15,895
of which Taxes: +€2,644
- Gross operating margin -€6,640
down €6,640 (-9.5%), from €69,943 to €63,303
- Taxes -€1,327
down €1,327 (-9.4%), from €14,043 to €12,716
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 | €109,396 | €97,975 | -€11,422 | -10.4% |
| Fixed assets | 21/28 | €5,606 | €4,622 | -€984 | -17.6% |
| Tangible fixed assets | 22/27 | €5,606 | €4,622 | -€984 | -17.6% |
| Plant, machinery and equipment | 23 | €2,381 | €2,276 | -€105 | -4.4% |
| Furniture and vehicles | 24 | €1,559 | €1,091 | -€469 | -30.1% |
| Other tangible fixed assets | 26 | €1,665 | €1,255 | -€410 | -24.6% |
| Current assets | 29/58 | €103,791 | €93,353 | -€10,438 | -10.1% |
| Amounts receivable within one year | 40/41 | €33,101 | €39,169 | +€6,069 | +18.3% |
| Trade receivables | 40 | €32,143 | €38,151 | +€6,008 | +18.7% |
| Other amounts receivable | 41 | €957 | €1,018 | +€61 | +6.3% |
| Cash at bank and in hand | 54/58 | €64,856 | €49,861 | -€14,996 | -23.1% |
| Deferred charges and accrued income | 490/1 | €5,834 | €4,323 | -€1,511 | -25.9% |
| Total equity and liabilities | 10/49 | €109,396 | €97,975 | -€11,422 | -10.4% |
| Equity | 10/15 | €22,416 | €22,416 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €19,916 | €19,916 | = | 0.0% |
| Distributable reserves | 133 | €19,916 | €19,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,981 | €75,559 | -€11,422 | -13.1% |
| Amounts payable within one year | 42/48 | €86,961 | €75,558 | -€11,402 | -13.1% |
| Trade debts | 44 | €105 | €527 | +€422 | +402.4% |
| Suppliers | 440/4 | €105 | €527 | +€422 | +402.4% |
| Taxes, remuneration and social security | 45 | €13,251 | €15,895 | +€2,644 | +20.0% |
| Taxes | 450/3 | €13,251 | €15,895 | +€2,644 | +20.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | 0.0% |
| Other amounts payable | 47/48 | €73,605 | €59,137 | -€14,468 | -19.7% |
| Accrued charges and deferred income | 492/3 | €20 | €0 | -€19 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,657 | €2,171 | +€514 | +31.0% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €69,943 | €63,303 | -€6,640 | -9.5% |
| Operating profit (loss) | 9901 | €67,835 | €60,666 | -€7,168 | -10.6% |
| Financial income | 75/76B | €1 | €1 | +€1 | +71.3% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +71.3% |
| Financial charges | 65/66B | €1,011 | €1,009 | -€3 | -0.3% |
| Recurring financial charges | 65 | €1,011 | €1,009 | -€3 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €66,824 | €59,659 | -€7,165 | -10.7% |
| Income taxes | 67/77 | €14,043 | €12,716 | -€1,327 | -9.4% |
| Profit (loss) for the period | 9904 | €52,782 | €46,943 | -€5,838 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,782 | €46,943 | -€5,838 | -11.1% |
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 7 October 2026 via checked.be.