PHI - SOFT: 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.
What changed
PHI - SOFT
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€126,707
2024 · -€73,135-€53,572
Equity
€1.4m
2024 · €1.5m-€126,707
Cash
€9,095
2024 · €36,124-€27,029
Balance sheet total
€2.7m
2024 · €2.9m-€188,759
Largest movements
Assets
- Receivables within one year -€79,849
down €79,849 (-69.1%), from €115,536 to €35,688
of which Other amounts receivable: -€66,076
- Tangible fixed assets -€69,096
down €69,096 (-2.5%), from €2.7m to €2.7m
of which Land and buildings: -€64,007
Equity and liabilities
- Profit (loss) carried forward -€125,581
down €125,581 (-65.5%), from -€191,725 to -€317,306
- Debts after one year -€79,137
down €79,137 (-12.3%), from €642,434 to €563,297
Income statement
- Gross operating margin -€30,729
down €30,729 (-33.2%), from €92,583 to €61,854
- Other operating charges +€11,477
up €11,477 (+118.9%), from €9,649 to €21,127
- Taxes +€11,110
up €11,110 (+4129.6%), from €269 to €11,379
- Financial charges -€8,976
down €8,976 (-11.7%), from €76,698 to €67,722
- Financial income -€1,961
down €1,961 (-98.5%), from €1,990 to €29
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.
Result 2024
-€73,135
Gross operating margin
-€30,729
Depreciation
-€1,023
Other operating charges
-€11,477
Other operating items
-€6,249
Financial income
-€1,961
Financial charges
+€8,976
Taxes
-€11,110
Result 2025
-€126,707
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.
From operations
+€42,779
Investment
+€7,539
Financing
-€77,347
Cash 2024
€36,124
From operations (derived)
+€42,779
Net result for the year
-€126,707
Depreciation
+€65,742
Receivables within one year
+€79,849
Deferred charges and accrued income
+€8,602
Provisions
-€375
Trade debts
-€21,787
Tax, wage and social debts
+€11,448
Other debts
+€21,905
Accrued charges and deferred income
+€4,104
Investment (derived)
+€7,539
Investment in fixed assets (net)
+€7,539
Financing
-€77,347
Debts after one year
-€79,137
Current portion of long-term debt
+€1,790
Contributions, distributions and other
+€0
Cash 2025
€9,095
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,915,870 | €2,727,111 | -€188,759 | -6.5% |
| Fixed assets | 21/28 | €2,724,745 | €2,651,464 | -€73,281 | -2.7% |
| Tangible fixed assets | 22/27 | €2,720,560 | €2,651,464 | -€69,096 | -2.5% |
| Land and buildings | 22 | €2,677,752 | €2,613,745 | -€64,007 | -2.4% |
| Plant, machinery and equipment | 23 | €4,762 | €2,479 | -€2,283 | -47.9% |
| Furniture and vehicles | 24 | €21,672 | €19,346 | -€2,327 | -10.7% |
| Other tangible fixed assets | 26 | €16,374 | €15,894 | -€479 | -2.9% |
| Financial fixed assets | 28 | €4,185 | €0 | -€4,185 | -100.0% |
| Current assets | 29/58 | €191,125 | €75,646 | -€115,479 | -60.4% |
| Amounts receivable within one year | 40/41 | €115,536 | €35,688 | -€79,849 | -69.1% |
| Trade receivables | 40 | €44,374 | €30,601 | -€13,773 | -31.0% |
| Other amounts receivable | 41 | €71,162 | €5,087 | -€66,076 | -92.9% |
| Cash at bank and in hand | 54/58 | €36,124 | €9,095 | -€27,029 | -74.8% |
| Deferred charges and accrued income | 490/1 | €39,465 | €30,863 | -€8,602 | -21.8% |
| Total equity and liabilities | 10/49 | €2,915,870 | €2,727,111 | -€188,759 | -6.5% |
| Equity | 10/15 | €1,513,632 | €1,386,925 | -€126,707 | -8.4% |
| Contributions | 10/11 | €1,018,600 | €1,018,600 | = | 0.0% |
| Reserves | 13 | €686,757 | €685,632 | -€1,126 | -0.2% |
| Tax-exempt reserves | 132 | €73,016 | €71,890 | -€1,126 | -1.5% |
| Distributable reserves | 133 | €613,742 | €613,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,725 | -€317,306 | -€125,581 | -65.5% |
| Provisions and deferred taxes | 16 | €9,379 | €9,004 | -€375 | -4.0% |
| Deferred taxes | 168 | €9,379 | €9,004 | -€375 | -4.0% |
| Amounts payable | 17/49 | €1,392,858 | €1,331,181 | -€61,677 | -4.4% |
| Amounts payable after more than one year | 17 | €642,434 | €563,297 | -€79,137 | -12.3% |
| Financial debts | 170/4 | €642,434 | €563,297 | -€79,137 | -12.3% |
| Amounts payable within one year | 42/48 | €696,190 | €709,545 | +€13,355 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €81,241 | €83,031 | +€1,790 | +2.2% |
| Trade debts | 44 | €38,420 | €16,632 | -€21,787 | -56.7% |
| Suppliers | 440/4 | €38,420 | €16,632 | -€21,787 | -56.7% |
| Taxes, remuneration and social security | 45 | €280 | €11,728 | +€11,448 | +4088.4% |
| Taxes | 450/3 | €280 | €11,728 | +€11,448 | +4088.4% |
| Other amounts payable | 47/48 | €576,249 | €598,154 | +€21,905 | +3.8% |
| Accrued charges and deferred income | 492/3 | €54,235 | €58,339 | +€4,104 | +7.6% |
| Non-recurring operating income | 76A | €33,124 | €11,039 | -€22,086 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,719 | €65,742 | +€1,023 | +1.6% |
| Other operating charges | 640/8 | €9,649 | €21,127 | +€11,477 | +118.9% |
| Non-recurring operating charges | 66A | €16,748 | €22,997 | +€6,249 | +37.3% |
| Gross operating margin | 9900 | €92,583 | €61,854 | -€30,729 | -33.2% |
| Operating profit (loss) | 9901 | €1,467 | -€48,011 | -€49,478 | |
| Financial income | 75/76B | €1,990 | €29 | -€1,961 | -98.5% |
| Recurring financial income | 75 | €1,990 | €29 | -€1,961 | -98.5% |
| Financial charges | 65/66B | €76,698 | €67,722 | -€8,976 | -11.7% |
| Recurring financial charges | 65 | €76,698 | €67,722 | -€8,976 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€73,241 | -€115,704 | -€42,463 | -58.0% |
| Transfer from deferred taxes | 780 | €375 | €375 | +€0 | 0.0% |
| Income taxes | 67/77 | €269 | €11,379 | +€11,110 | +4129.6% |
| Profit (loss) for the period | 9904 | -€73,135 | -€126,707 | -€53,572 | -73.3% |
| Transfer from tax-exempt reserves | 789 | €1,126 | €1,126 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,009 | -€125,581 | -€53,572 | -74.4% |
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 30 September 2026 via checked.be.