PHI 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.
PHI CONSULTING
Largest movements
- Cash +€115,417
new in 2025: €115,417
mainly Current investments (+€64,660) and Other debts (+€35,696)
- Current investments -€64,660
no longer reported in 2025 (was €64,660)
- Receivables within one year -€16,932
down €16,932 (-10.4%), from €162,677 to €145,745
- Tangible fixed assets -€15,059
down €15,059 (-35.8%), from €42,026 to €26,967
- Other debts +€35,696
new in 2025: €35,696
- Trade debts -€35,484
down €35,484 (-93.6%), from €37,896 to €2,412
- Profit (loss) carried forward +€21,965
up €21,965 (+9.6%), from €227,956 to €249,921
- Tax, wage and social debts -€3,411
no longer reported in 2025 (was €3,411)
- Depreciation +€1,549
up €1,549 (+11.0%), from €14,119 to €15,668
- Gross operating margin -€772
down €772 (-1.9%), from €39,695 to €38,923
- Other operating charges +€643
up €643 (+106.3%), from €605 to €1,248
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 | €269,363 | €288,129 | +€18,766 | +7.0% |
| Fixed assets | 21/28 | €42,026 | €26,967 | -€15,059 | -35.8% |
| Tangible fixed assets | 22/27 | €42,026 | €26,967 | -€15,059 | -35.8% |
| Furniture and vehicles | 24 | €42,026 | €26,967 | -€15,059 | -35.8% |
| Current assets | 29/58 | €227,337 | €261,162 | +€33,825 | +14.9% |
| Amounts receivable within one year | 40/41 | €162,677 | €145,745 | -€16,932 | -10.4% |
| Trade receivables | 40 | €162,677 | €145,745 | -€16,932 | -10.4% |
| Current investments | 50/53 | €64,660 | - | -€64,660 | |
| Cash at bank and in hand | 54/58 | - | €115,417 | +€115,417 | |
| Total equity and liabilities | 10/49 | €269,363 | €288,129 | +€18,766 | +7.0% |
| Equity | 10/15 | €228,056 | €250,021 | +€21,965 | +9.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,956 | €249,921 | +€21,965 | +9.6% |
| Amounts payable | 17/49 | €41,307 | €38,108 | -€3,199 | -7.7% |
| Amounts payable within one year | 42/48 | €41,307 | €38,108 | -€3,199 | -7.7% |
| Trade debts | 44 | €37,896 | €2,412 | -€35,484 | -93.6% |
| Suppliers | 440/4 | €37,896 | €2,412 | -€35,484 | -93.6% |
| Taxes, remuneration and social security | 45 | €3,411 | - | -€3,411 | |
| Taxes | 450/3 | €3,411 | - | -€3,411 | |
| Other amounts payable | 47/48 | - | €35,696 | +€35,696 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,119 | €15,668 | +€1,549 | +11.0% |
| Other operating charges | 640/8 | €605 | €1,248 | +€643 | +106.3% |
| Gross operating margin | 9900 | €39,695 | €38,923 | -€772 | -1.9% |
| Operating profit (loss) | 9901 | €24,971 | €22,007 | -€2,964 | -11.9% |
| Financial charges | 65/66B | €70 | €42 | -€28 | -40.0% |
| Recurring financial charges | 65 | €70 | €42 | -€28 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €24,901 | €21,965 | -€2,936 | -11.8% |
| Profit (loss) for the period | 9904 | €24,901 | €21,965 | -€2,936 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,901 | €21,965 | -€2,936 | -11.8% |
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.