PHI Business: 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.
PHI Business
Largest movements
- Cash -€44,777
no longer reported in 2024 (was €44,777)
mainly Current investments (-€36,680) and Receivables within one year (-€13,802)
- Current investments +€36,680
new in 2024: €36,680
- Receivables within one year +€13,802
up €13,802 (+106%), from €13,050 to €26,852
of which Trade receivables: +€8,633
- Tangible fixed assets -€11,837
down €11,837 (-6.0%), from €198,344 to €186,508
- Trade debts +€15,684
up €15,684 (+60.5%), from €25,913 to €41,597
- Profit (loss) carried forward -€11,503
down €11,503 (-25.4%), from €45,235 to €33,731
- Debts after one year -€10,166
down €10,166 (-6.5%), from €156,646 to €146,480
- Accrued charges and deferred income -€4,075
no longer reported in 2024 (was €4,075)
- Tax, wage and social debts +€3,697
up €3,697 (+25.6%), from €14,458 to €18,155
of which Taxes: +€5,786
- Gross operating margin -€25,360
down €25,360 (-17.3%), from €146,603 to €121,243
- Other operating charges -€12,114
down €12,114 (-20.6%), from €58,743 to €46,628
- Financial charges +€3,304
up €3,304 (+116%), from €2,837 to €6,141
- Depreciation -€1,793
down €1,793 (-13.2%), from €13,629 to €11,837
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,613 | €257,618 | -€5,995 | -2.3% |
| Fixed assets | 21/28 | €200,789 | €188,953 | -€11,837 | -5.9% |
| Tangible fixed assets | 22/27 | €198,344 | €186,508 | -€11,837 | -6.0% |
| Land and buildings | 22 | €184,833 | €179,921 | -€4,912 | -2.7% |
| Plant, machinery and equipment | 23 | €5,289 | €3,364 | -€1,925 | -36.4% |
| Furniture and vehicles | 24 | €8,222 | €3,222 | -€4,999 | -60.8% |
| Financial fixed assets | 28 | €2,445 | €2,445 | = | 0.0% |
| Current assets | 29/58 | €62,823 | €68,665 | +€5,842 | +9.3% |
| Stocks and contracts in progress | 3 | €3,905 | €2,796 | -€1,109 | -28.4% |
| Stocks | 30/36 | €3,905 | €2,796 | -€1,109 | -28.4% |
| Amounts receivable within one year | 40/41 | €13,050 | €26,852 | +€13,802 | +106% |
| Trade receivables | 40 | €6,368 | €15,001 | +€8,633 | +136% |
| Other amounts receivable | 41 | €6,682 | €11,851 | +€5,169 | +77.4% |
| Current investments | 50/53 | - | €36,680 | +€36,680 | |
| Cash at bank and in hand | 54/58 | €44,777 | - | -€44,777 | |
| Deferred charges and accrued income | 490/1 | €1,092 | €2,338 | +€1,246 | +114% |
| Total equity and liabilities | 10/49 | €263,613 | €257,618 | -€5,995 | -2.3% |
| Equity | 10/15 | €51,435 | €39,931 | -€11,503 | -22.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,235 | €33,731 | -€11,503 | -25.4% |
| Amounts payable | 17/49 | €212,178 | €217,686 | +€5,508 | +2.6% |
| Amounts payable after more than one year | 17 | €156,646 | €146,480 | -€10,166 | -6.5% |
| Financial debts | 170/4 | €156,646 | €146,480 | -€10,166 | -6.5% |
| Amounts payable within one year | 42/48 | €51,457 | €71,206 | +€19,749 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €11,086 | €11,454 | +€369 | +3.3% |
| Trade debts | 44 | €25,913 | €41,597 | +€15,684 | +60.5% |
| Suppliers | 440/4 | €25,913 | €41,597 | +€15,684 | +60.5% |
| Taxes, remuneration and social security | 45 | €14,458 | €18,155 | +€3,697 | +25.6% |
| Taxes | 450/3 | €1,765 | €7,551 | +€5,786 | +328% |
| Remuneration and social security | 454/9 | €12,693 | €10,604 | -€2,089 | -16.5% |
| Accrued charges and deferred income | 492/3 | €4,075 | - | -€4,075 | |
| Remuneration, social security and pensions | 62 | €66,833 | €68,277 | +€1,444 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,629 | €11,837 | -€1,793 | -13.2% |
| Other operating charges | 640/8 | €58,743 | €46,628 | -€12,114 | -20.6% |
| Gross operating margin | 9900 | €146,603 | €121,243 | -€25,360 | -17.3% |
| Operating profit (loss) | 9901 | €7,399 | -€5,499 | -€12,897 | |
| Financial income | 75/76B | €92 | €136 | +€44 | +47.5% |
| Recurring financial income | 75 | €92 | €136 | +€44 | +47.5% |
| Financial charges | 65/66B | €2,837 | €6,141 | +€3,304 | +116% |
| Recurring financial charges | 65 | €2,837 | €6,141 | +€3,304 | +116% |
| Profit (loss) for the period before taxes | 9903 | €4,654 | -€11,503 | -€16,157 | |
| Profit (loss) for the period | 9904 | €4,654 | -€11,503 | -€16,157 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,654 | -€11,503 | -€16,157 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.