PHIM: 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.
PHIM
Largest movements
- Current investments +€7,900
up €7,900 (+44.9%), from €17,601 to €25,501
- Receivables within one year +€1,870
up €1,870 (+4.9%), from €37,884 to €39,754
of which Other amounts receivable: +€3,070
- Cash -€1,236
down €1,236 (-40.3%), from €3,070 to €1,834
mainly Current investments (-€7,900) and Receivables within one year (-€1,870)
- Tangible fixed assets +€834
up €834 (+26.9%), from €3,098 to €3,932
of which Furniture and vehicles: +€1,156
- Profit (loss) carried forward +€10,192
up €10,192 (+25.8%), from €39,497 to €49,689
- Gross operating margin -€34,457
down €34,457 (-64.4%), from €53,524 to €19,067
- Taxes -€7,429
down €7,429 (-62.9%), from €11,818 to €4,389
- Staff costs +€2,120
up €2,120 (+175.2%), from €1,210 to €3,330
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 | €61,653 | €71,021 | +€9,367 | +15.2% |
| Fixed assets | 21/28 | €3,098 | €3,932 | +€834 | +26.9% |
| Tangible fixed assets | 22/27 | €3,098 | €3,932 | +€834 | +26.9% |
| Plant, machinery and equipment | 23 | €3,098 | €2,776 | -€322 | -10.4% |
| Furniture and vehicles | 24 | - | €1,156 | +€1,156 | |
| Current assets | 29/58 | €58,556 | €67,089 | +€8,533 | +14.6% |
| Amounts receivable within one year | 40/41 | €37,884 | €39,754 | +€1,870 | +4.9% |
| Trade receivables | 40 | €1,200 | - | -€1,200 | |
| Other amounts receivable | 41 | €36,684 | €39,754 | +€3,070 | +8.4% |
| Current investments | 50/53 | €17,601 | €25,501 | +€7,900 | +44.9% |
| Cash at bank and in hand | 54/58 | €3,070 | €1,834 | -€1,236 | -40.3% |
| Total equity and liabilities | 10/49 | €61,653 | €71,021 | +€9,367 | +15.2% |
| Equity | 10/15 | €41,997 | €52,189 | +€10,192 | +24.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,497 | €49,689 | +€10,192 | +25.8% |
| Amounts payable | 17/49 | €19,656 | €18,832 | -€824 | -4.2% |
| Amounts payable within one year | 42/48 | €19,656 | €18,832 | -€824 | -4.2% |
| Trade debts | 44 | €900 | €579 | -€321 | -35.7% |
| Suppliers | 440/4 | €900 | €579 | -€321 | -35.7% |
| Taxes, remuneration and social security | 45 | €18,756 | €18,252 | -€503 | -2.7% |
| Taxes | 450/3 | €18,670 | €18,252 | -€417 | -2.2% |
| Remuneration and social security | 454/9 | €86 | - | -€86 | |
| Remuneration, social security and pensions | 62 | €1,210 | €3,330 | +€2,120 | +175.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119 | €352 | +€233 | +195.6% |
| Other operating charges | 640/8 | €934 | €876 | -€58 | -6.2% |
| Gross operating margin | 9900 | €53,524 | €19,067 | -€34,457 | -64.4% |
| Operating profit (loss) | 9901 | €51,261 | €14,509 | -€36,752 | -71.7% |
| Financial income | 75/76B | €120 | €161 | +€41 | +34.3% |
| Recurring financial income | 75 | €120 | €161 | +€41 | +34.3% |
| Financial charges | 65/66B | €66 | €90 | +€24 | +36.2% |
| Recurring financial charges | 65 | €66 | €90 | +€24 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €51,315 | €14,581 | -€36,735 | -71.6% |
| Income taxes | 67/77 | €11,818 | €4,389 | -€7,429 | -62.9% |
| Profit (loss) for the period | 9904 | €39,497 | €10,192 | -€29,305 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,497 | €10,192 | -€29,305 | -74.2% |
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.