PHiRE Consulting: 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.
PHiRE Consulting
Largest movements
- Receivables within one year +€210,512
up €210,512 (+303%), from €69,417 to €279,929
of which Other amounts receivable: +€220,801
- Cash -€76,285
down €76,285 (-57.0%), from €133,864 to €57,579
mainly Receivables within one year (-€210,512) and Contributions, distributions and other (-€110,789)
- Tangible fixed assets -€17,930
down €17,930 (-48.1%), from €37,260 to €19,330
of which Furniture and vehicles: -€17,362
- Other debts +€76,656
up €76,656 (+225%), from €34,132 to €110,788
- Reserves +€33,213
up €33,213 (+12.4%), from €267,024 to €300,237
- Trade debts +€18,480
up €18,480 (+2,461%), from €751 to €19,231
- Debts after one year -€6,106
down €6,106 (-85.6%), from €7,130 to €1,024
- Gross operating margin +€80,333
up €80,333 (+51.9%), from €154,791 to €235,124
- Taxes +€23,358
up €23,358 (+59.3%), from €39,374 to €62,732
- Write-downs +€15,000
new in 2025: €15,000
- Financial income +€8,200
up €8,200 (+51,250%), from €16 to €8,216
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.
Derived cash bridge
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 | €341,102 | €457,276 | +€116,174 | +34.1% |
| Fixed assets | 21/28 | €37,540 | €19,330 | -€18,210 | -48.5% |
| Tangible fixed assets | 22/27 | €37,260 | €19,330 | -€17,930 | -48.1% |
| Plant, machinery and equipment | 23 | €1,342 | €774 | -€568 | -42.3% |
| Furniture and vehicles | 24 | €35,918 | €18,556 | -€17,362 | -48.3% |
| Financial fixed assets | 28 | €280 | - | -€280 | |
| Current assets | 29/58 | €303,562 | €437,946 | +€134,384 | +44.3% |
| Amounts receivable within one year | 40/41 | €69,417 | €279,929 | +€210,512 | +303% |
| Trade receivables | 40 | €69,417 | €59,128 | -€10,289 | -14.8% |
| Other amounts receivable | 41 | - | €220,801 | +€220,801 | |
| Current investments | 50/53 | €99,596 | €99,596 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €133,864 | €57,579 | -€76,285 | -57.0% |
| Deferred charges and accrued income | 490/1 | €685 | €842 | +€157 | +22.9% |
| Total equity and liabilities | 10/49 | €341,102 | €457,276 | +€116,174 | +34.1% |
| Equity | 10/15 | €268,024 | €301,237 | +€33,213 | +12.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €267,024 | €300,237 | +€33,213 | +12.4% |
| Distributable reserves | 133 | €267,024 | €300,237 | +€33,213 | +12.4% |
| Amounts payable | 17/49 | €73,078 | €156,039 | +€82,961 | +114% |
| Amounts payable after more than one year | 17 | €7,130 | €1,024 | -€6,106 | -85.6% |
| Financial debts | 170/4 | €7,130 | €1,024 | -€6,106 | -85.6% |
| Amounts payable within one year | 42/48 | €65,948 | €155,015 | +€89,067 | +135% |
| Current portion of amounts payable after more than one year | 42 | €10,276 | €6,107 | -€4,169 | -40.6% |
| Trade debts | 44 | €751 | €19,231 | +€18,480 | +2,461% |
| Suppliers | 440/4 | €751 | €19,231 | +€18,480 | +2,461% |
| Taxes, remuneration and social security | 45 | €20,789 | €18,889 | -€1,900 | -9.1% |
| Taxes | 450/3 | €20,789 | €18,889 | -€1,900 | -9.1% |
| Other amounts payable | 47/48 | €34,132 | €110,788 | +€76,656 | +225% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,388 | €20,718 | +€330 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,000 | +€15,000 | |
| Other operating charges | 640/8 | €296 | €682 | +€386 | +130% |
| Gross operating margin | 9900 | €154,791 | €235,124 | +€80,333 | +51.9% |
| Operating profit (loss) | 9901 | €134,107 | €198,724 | +€64,617 | +48.2% |
| Financial income | 75/76B | €16 | €8,216 | +€8,200 | +51,250% |
| Recurring financial income | 75 | €16 | €8,216 | +€8,200 | +51,250% |
| Financial charges | 65/66B | €437 | €206 | -€231 | -52.9% |
| Recurring financial charges | 65 | €437 | €206 | -€231 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €133,686 | €206,734 | +€73,048 | +54.6% |
| Income taxes | 67/77 | €39,374 | €62,732 | +€23,358 | +59.3% |
| Profit (loss) for the period | 9904 | €94,312 | €144,002 | +€49,690 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,312 | €144,002 | +€49,690 | +52.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.