PHIHO: 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.
PHIHO
Largest movements
- Cash +€47,385
up €47,385 (+34.8%), from €136,304 to €183,688
mainly Net result for the year (+€47,641) and Trade debts (+€9,154)
- Deferred charges and accrued income -€4,975
down €4,975 (-100.0%), from €4,975 to €0
- Reserves +€47,641
up €47,641 (+39.4%), from €120,858 to €168,499
- Tax, wage and social debts -€15,456
down €15,456 (-75.6%), from €20,457 to €5,001
of which Taxes: -€15,456
- Trade debts +€9,154
up €9,154 (+1430.2%), from €640 to €9,794
- Gross operating margin -€34,962
down €34,962 (-36.8%), from €95,043 to €60,081
- Taxes -€6,726
down €6,726 (-35.4%), from €18,986 to €12,260
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 | €146,955 | €189,708 | +€42,753 | +29.1% |
| Current assets | 29/58 | €146,955 | €189,708 | +€42,753 | +29.1% |
| Amounts receivable within one year | 40/41 | €5,676 | €6,020 | +€344 | +6.1% |
| Trade receivables | 40 | €0 | €6,020 | +€6,020 | |
| Other amounts receivable | 41 | €5,676 | €0 | -€5,676 | -100.0% |
| Cash at bank and in hand | 54/58 | €136,304 | €183,688 | +€47,385 | +34.8% |
| Deferred charges and accrued income | 490/1 | €4,975 | €0 | -€4,975 | -100.0% |
| Total equity and liabilities | 10/49 | €146,955 | €189,708 | +€42,753 | +29.1% |
| Equity | 10/15 | €125,858 | €173,499 | +€47,641 | +37.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €120,858 | €168,499 | +€47,641 | +39.4% |
| Distributable reserves | 133 | €120,858 | €168,499 | +€47,641 | +39.4% |
| Amounts payable | 17/49 | €21,097 | €16,210 | -€4,888 | -23.2% |
| Amounts payable within one year | 42/48 | €21,097 | €16,210 | -€4,888 | -23.2% |
| Trade debts | 44 | €640 | €9,794 | +€9,154 | +1430.2% |
| Suppliers | 440/4 | €640 | €9,794 | +€9,154 | +1430.2% |
| Taxes, remuneration and social security | 45 | €20,457 | €5,001 | -€15,456 | -75.6% |
| Taxes | 450/3 | €20,457 | €5,001 | -€15,456 | -75.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €1,414 | +€1,414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €95,043 | €60,081 | -€34,962 | -36.8% |
| Operating profit (loss) | 9901 | €94,928 | €59,955 | -€34,973 | -36.8% |
| Financial charges | 65/66B | €117 | €54 | -€63 | -53.8% |
| Recurring financial charges | 65 | €117 | €54 | -€63 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €94,812 | €59,901 | -€34,911 | -36.8% |
| Income taxes | 67/77 | €18,986 | €12,260 | -€6,726 | -35.4% |
| Profit (loss) for the period | 9904 | €75,826 | €47,641 | -€28,185 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,826 | €47,641 | -€28,185 | -37.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.