PHH Management: 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.
PHH Management
Largest movements
- Receivables within one year +€32,227
up €32,227 (+13.2%), from €244,046 to €276,273
of which Trade receivables: +€67,851
- Other debts +€103,636
up €103,636 (+10.9%), from €949,490 to €1.1m
- Current portion of long-term debt -€42,188
down €42,188 (-87.8%), from €48,046 to €5,858
- Profit (loss) carried forward -€35,140
down €35,140 (-98.2%), from €35,767 to €627
- Financial income -€44,000
down €44,000 (-23.2%), from €190,000 to €146,000
- Staff costs +€11,304
up €11,304 (+6.3%), from €178,321 to €189,625
- Gross operating margin -€3,504
down €3,504 (-1.6%), from €222,954 to €219,450
- Financial charges -€2,442
down €2,442 (-83.6%), from €2,921 to €479
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 | €1,087,744 | €1,121,461 | +€33,717 | +3.1% |
| Fixed assets | 21/28 | €829,818 | €827,445 | -€2,373 | -0.3% |
| Tangible fixed assets | 22/27 | €5,700 | €3,327 | -€2,373 | -41.6% |
| Furniture and vehicles | 24 | €2,844 | €1,551 | -€1,293 | -45.5% |
| Other tangible fixed assets | 26 | €2,856 | €1,776 | -€1,080 | -37.8% |
| Financial fixed assets | 28 | €824,118 | €824,118 | = | 0.0% |
| Current assets | 29/58 | €257,926 | €294,016 | +€36,090 | +14.0% |
| Amounts receivable within one year | 40/41 | €244,046 | €276,273 | +€32,227 | +13.2% |
| Trade receivables | 40 | €174,336 | €242,186 | +€67,851 | +38.9% |
| Other amounts receivable | 41 | €69,710 | €34,087 | -€35,624 | -51.1% |
| Cash at bank and in hand | 54/58 | €11,734 | €15,277 | +€3,544 | +30.2% |
| Deferred charges and accrued income | 490/1 | €2,147 | €2,466 | +€319 | +14.9% |
| Total equity and liabilities | 10/49 | €1,087,744 | €1,121,461 | +€33,717 | +3.1% |
| Equity | 10/15 | €40,767 | €5,627 | -€35,140 | -86.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,767 | €627 | -€35,140 | -98.2% |
| Amounts payable | 17/49 | €1,046,977 | €1,115,834 | +€68,857 | +6.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,045,977 | €1,114,834 | +€68,857 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €48,046 | €5,858 | -€42,188 | -87.8% |
| Trade debts | 44 | €20,236 | €26,654 | +€6,417 | +31.7% |
| Suppliers | 440/4 | €20,236 | €26,654 | +€6,417 | +31.7% |
| Taxes, remuneration and social security | 45 | €28,205 | €29,197 | +€992 | +3.5% |
| Taxes | 450/3 | €5,767 | €6,131 | +€363 | +6.3% |
| Remuneration and social security | 454/9 | €22,437 | €23,066 | +€629 | +2.8% |
| Other amounts payable | 47/48 | €949,490 | €1,053,126 | +€103,636 | +10.9% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €178,321 | €189,625 | +€11,304 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,706 | €2,373 | -€334 | -12.3% |
| Other operating charges | 640/8 | €2,390 | €1,539 | -€851 | -35.6% |
| Gross operating margin | 9900 | €222,954 | €219,450 | -€3,504 | -1.6% |
| Operating profit (loss) | 9901 | €39,536 | €25,913 | -€13,623 | -34.5% |
| Financial income | 75/76B | €190,000 | €146,000 | -€44,000 | -23.2% |
| Recurring financial income | 75 | €190,000 | €146,000 | -€44,000 | -23.2% |
| Financial charges | 65/66B | €2,921 | €479 | -€2,442 | -83.6% |
| Recurring financial charges | 65 | €2,921 | €479 | -€2,442 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €226,615 | €171,434 | -€55,181 | -24.4% |
| Income taxes | 67/77 | €8,359 | €7,574 | -€784 | -9.4% |
| Profit (loss) for the period | 9904 | €218,256 | €163,860 | -€54,397 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €218,256 | €163,860 | -€54,397 | -24.9% |
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 17 October 2026 via checked.be.