PHK: 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.
PHK
Largest movements
- Tangible fixed assets +€92,925
up €92,925 (+23216.3%), from €400 to €93,326
- Current investments +€45,000
up €45,000 (+9.5%), from €475,000 to €520,000
- Deferred charges and accrued income +€9,381
up €9,381 (+170.1%), from €5,517 to €14,898
- Cash +€9,340
up €9,340 (+16.5%), from €56,455 to €65,795
mainly Net result for the year (+€150,582) and Trade debts (+€11,720)
- Profit (loss) carried forward +€150,582
up €150,582 (+84.1%), from €179,114 to €329,696
- Trade debts +€11,720
up €11,720 (+76.8%), from €15,260 to €26,980
- Taxes +€45,787
up €45,787 (+411.0%), from €11,141 to €56,927
- Gross operating margin +€25,132
up €25,132 (+14.0%), from €179,768 to €204,900
- Depreciation +€6,140
up €6,140 (+1668.4%), from €368 to €6,508
- Financial income +€4,265
up €4,265 (+37.3%), from €11,440 to €15,705
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €537,878 | €696,548 | +€158,670 | +29.5% |
| Fixed assets | 21/28 | €400 | €93,326 | +€92,925 | +23216.3% |
| Tangible fixed assets | 22/27 | €400 | €93,326 | +€92,925 | +23216.3% |
| Furniture and vehicles | 24 | €400 | €93,326 | +€92,925 | +23216.3% |
| Current assets | 29/58 | €537,478 | €603,223 | +€65,745 | +12.2% |
| Amounts receivable within one year | 40/41 | €506 | €2,530 | +€2,024 | +399.8% |
| Other amounts receivable | 41 | €506 | €2,530 | +€2,024 | +399.8% |
| Current investments | 50/53 | €475,000 | €520,000 | +€45,000 | +9.5% |
| Cash at bank and in hand | 54/58 | €56,455 | €65,795 | +€9,340 | +16.5% |
| Deferred charges and accrued income | 490/1 | €5,517 | €14,898 | +€9,381 | +170.1% |
| Total equity and liabilities | 10/49 | €537,878 | €696,548 | +€158,670 | +29.5% |
| Equity | 10/15 | €502,801 | €653,383 | +€150,582 | +29.9% |
| Contributions | 10/11 | €194,928 | €194,928 | = | 0.0% |
| Reserves | 13 | €128,759 | €128,759 | = | 0.0% |
| Distributable reserves | 133 | €128,759 | €128,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,114 | €329,696 | +€150,582 | +84.1% |
| Amounts payable | 17/49 | €35,078 | €43,166 | +€8,088 | +23.1% |
| Amounts payable within one year | 42/48 | €35,078 | €43,166 | +€8,088 | +23.1% |
| Trade debts | 44 | €15,260 | €26,980 | +€11,720 | +76.8% |
| Suppliers | 440/4 | €15,260 | €26,980 | +€11,720 | +76.8% |
| Taxes, remuneration and social security | 45 | €9,363 | €6,518 | -€2,846 | -30.4% |
| Taxes | 450/3 | €9,363 | €6,518 | -€2,846 | -30.4% |
| Other amounts payable | 47/48 | €10,454 | €9,668 | -€786 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368 | €6,508 | +€6,140 | +1668.4% |
| Other operating charges | 640/8 | €384 | €789 | +€405 | +105.3% |
| Non-recurring operating charges | 66A | - | €5,640 | +€5,640 | |
| Gross operating margin | 9900 | €179,768 | €204,900 | +€25,132 | +14.0% |
| Operating profit (loss) | 9901 | €179,016 | €191,963 | +€12,947 | +7.2% |
| Financial income | 75/76B | €11,440 | €15,705 | +€4,265 | +37.3% |
| Recurring financial income | 75 | €11,440 | €15,705 | +€4,265 | +37.3% |
| Financial charges | 65/66B | €202 | €159 | -€43 | -21.3% |
| Recurring financial charges | 65 | €202 | €159 | -€43 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €190,254 | €207,509 | +€17,255 | +9.1% |
| Income taxes | 67/77 | €11,141 | €56,927 | +€45,787 | +411.0% |
| Profit (loss) for the period | 9904 | €179,114 | €150,582 | -€28,532 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €179,114 | €150,582 | -€28,532 | -15.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.