PHIT: 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.
PHIT
Largest movements
- Cash -€114,328
down €114,328 (-83.8%), from €136,405 to €22,077
mainly Other debts (-€137,246) and Investment in fixed assets (net) (-€79,330)
- Financial fixed assets +€80,210
new in 2025: €80,210
- Receivables within one year +€56,662
up €56,662 (+164.2%), from €34,512 to €91,175
of which Trade receivables: +€48,508
- Tangible fixed assets -€12,720
down €12,720 (-72.9%), from €17,460 to €4,740
- Intangible fixed assets -€12,534
down €12,534 (-25.1%), from €50,000 to €37,466
- Other debts -€137,246
down €137,246 (-99.5%), from €137,954 to €708
- Debts after one year +€134,611
new in 2025: €134,611
- Tax, wage and social debts -€3,806
down €3,806 (-40.8%), from €9,324 to €5,519
of which Taxes: -€4,345
- Financial charges +€62,898
up €62,898 (+37833.2%), from €166 to €63,064
- Taxes -€12,754
down €12,754 (-78.5%), from €16,246 to €3,492
- Write-downs +€1,378
up €1,378, from -€1,378 to €0
- Depreciation +€1,184
up €1,184 (+5.1%), from €23,189 to €24,373
- Staff costs +€993
new in 2025: €993
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 | €240,038 | €236,658 | -€3,380 | -1.4% |
| Fixed assets | 21/28 | €67,460 | €122,417 | +€54,956 | +81.5% |
| Intangible fixed assets | 21 | €50,000 | €37,466 | -€12,534 | -25.1% |
| Tangible fixed assets | 22/27 | €17,460 | €4,740 | -€12,720 | -72.9% |
| Furniture and vehicles | 24 | €17,460 | €4,740 | -€12,720 | -72.9% |
| Financial fixed assets | 28 | - | €80,210 | +€80,210 | |
| Current assets | 29/58 | €172,577 | €114,241 | -€58,336 | -33.8% |
| Amounts receivable within one year | 40/41 | €34,512 | €91,175 | +€56,662 | +164.2% |
| Trade receivables | 40 | €12,802 | €61,310 | +€48,508 | +378.9% |
| Other amounts receivable | 41 | €21,710 | €29,865 | +€8,154 | +37.6% |
| Cash at bank and in hand | 54/58 | €136,405 | €22,077 | -€114,328 | -83.8% |
| Deferred charges and accrued income | 490/1 | €1,660 | €990 | -€670 | -40.4% |
| Total equity and liabilities | 10/49 | €240,038 | €236,658 | -€3,380 | -1.4% |
| Equity | 10/15 | €92,131 | €94,508 | +€2,377 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,531 | €75,908 | +€2,377 | +3.2% |
| Distributable reserves | 133 | €73,531 | €75,908 | +€2,377 | +3.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €147,906 | €142,150 | -€5,756 | -3.9% |
| Amounts payable after more than one year | 17 | - | €134,611 | +€134,611 | |
| Other amounts payable | 178/9 | - | €134,611 | +€134,611 | |
| Amounts payable within one year | 42/48 | €147,906 | €7,539 | -€140,367 | -94.9% |
| Trade debts | 44 | €628 | €1,312 | +€685 | +109.1% |
| Suppliers | 440/4 | €628 | €1,312 | +€685 | +109.1% |
| Taxes, remuneration and social security | 45 | €9,324 | €5,519 | -€3,806 | -40.8% |
| Taxes | 450/3 | €9,324 | €4,979 | -€4,345 | -46.6% |
| Remuneration and social security | 454/9 | - | €539 | +€539 | |
| Other amounts payable | 47/48 | €137,954 | €708 | -€137,246 | -99.5% |
| Remuneration, social security and pensions | 62 | - | €993 | +€993 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,189 | €24,373 | +€1,184 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,378 | €0 | +€1,378 | |
| Other operating charges | 640/8 | €677 | €1,419 | +€742 | +109.7% |
| Gross operating margin | 9900 | €96,561 | €96,551 | -€10 | 0.0% |
| Operating profit (loss) | 9901 | €74,074 | €69,766 | -€4,308 | -5.8% |
| Financial charges | 65/66B | €166 | €63,064 | +€62,898 | +37833.2% |
| Recurring financial charges | 65 | €166 | €63,064 | +€62,898 | +37833.2% |
| Profit (loss) for the period before taxes | 9903 | €73,908 | €6,702 | -€67,206 | -90.9% |
| Income taxes | 67/77 | €16,246 | €3,492 | -€12,754 | -78.5% |
| Profit (loss) for the period | 9904 | €57,662 | €3,210 | -€54,452 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,662 | €3,210 | -€54,452 | -94.4% |
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 8 October 2026 via checked.be.