PHL Consult: 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.
PHL Consult
Largest movements
- Tangible fixed assets +€174,535
up €174,535 (+30.8%), from €566,393 to €740,928
of which Land and buildings: +€175,350
- Cash -€73,652
down €73,652 (-94.0%), from €78,343 to €4,692
mainly Investment in fixed assets (net) (-€193,649) and Provisions (-€10,076)
- Receivables within one year -€36,873
down €36,873 (-100.0%), from €36,873 to €0
of which Other amounts receivable: -€18,844
- Other debts +€65,132
up €65,132, from €0 to €65,132
- Provisions -€10,076
down €10,076 (-7.9%), from €128,344 to €118,268
- Gross operating margin -€68,423
down €68,423 (-67.5%), from €101,294 to €32,870
- Taxes -€11,735
down €11,735 (-42.9%), from €27,359 to €15,624
- Depreciation +€5,011
up €5,011 (+35.5%), from €14,103 to €19,114
- Financial income -€2,187
down €2,187 (-100.0%), from €2,187 to €0
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 | €681,609 | €745,620 | +€64,011 | +9.4% |
| Fixed assets | 21/28 | €566,393 | €740,928 | +€174,535 | +30.8% |
| Tangible fixed assets | 22/27 | €566,393 | €740,928 | +€174,535 | +30.8% |
| Land and buildings | 22 | €564,223 | €739,573 | +€175,350 | +31.1% |
| Plant, machinery and equipment | 23 | €2,170 | €1,355 | -€815 | -37.6% |
| Current assets | 29/58 | €115,216 | €4,692 | -€110,524 | -95.9% |
| Amounts receivable within one year | 40/41 | €36,873 | €0 | -€36,873 | -100.0% |
| Trade receivables | 40 | €18,029 | €0 | -€18,029 | -100.0% |
| Other amounts receivable | 41 | €18,844 | €0 | -€18,844 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €78,343 | €4,692 | -€73,652 | -94.0% |
| Total equity and liabilities | 10/49 | €681,609 | €745,620 | +€64,011 | +9.4% |
| Equity | 10/15 | €541,503 | €541,442 | -€61 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €522,903 | €522,842 | -€61 | 0.0% |
| Tax-exempt reserves | 132 | €385,031 | €354,803 | -€30,228 | -7.9% |
| Distributable reserves | 133 | €137,871 | €168,039 | +€30,167 | +21.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €128,344 | €118,268 | -€10,076 | -7.9% |
| Deferred taxes | 168 | €128,344 | €118,268 | -€10,076 | -7.9% |
| Amounts payable | 17/49 | €11,763 | €85,911 | +€74,148 | +630.4% |
| Amounts payable within one year | 42/48 | €11,763 | €85,911 | +€74,148 | +630.4% |
| Trade debts | 44 | €1,136 | €3,740 | +€2,604 | +229.2% |
| Suppliers | 440/4 | €1,136 | €3,740 | +€2,604 | +229.2% |
| Taxes, remuneration and social security | 45 | €10,627 | €17,039 | +€6,412 | +60.3% |
| Taxes | 450/3 | €10,627 | €17,039 | +€6,412 | +60.3% |
| Other amounts payable | 47/48 | €0 | €65,132 | +€65,132 | |
| Non-recurring operating income | 76A | - | €42,703 | +€42,703 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,103 | €19,114 | +€5,011 | +35.5% |
| Other operating charges | 640/8 | €2,776 | €1,838 | -€937 | -33.8% |
| Gross operating margin | 9900 | €101,294 | €32,870 | -€68,423 | -67.5% |
| Operating profit (loss) | 9901 | €84,415 | €11,918 | -€72,497 | -85.9% |
| Financial income | 75/76B | €2,187 | €0 | -€2,187 | -100.0% |
| Recurring financial income | 75 | €2,187 | €0 | -€2,187 | -100.0% |
| Financial charges | 65/66B | €220 | €166 | -€54 | -24.7% |
| Recurring financial charges | 65 | €220 | €166 | -€54 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €86,382 | €11,752 | -€74,630 | -86.4% |
| Transfer from deferred taxes | 780 | €2,540 | €10,076 | +€7,536 | +296.7% |
| Income taxes | 67/77 | €27,359 | €15,624 | -€11,735 | -42.9% |
| Profit (loss) for the period | 9904 | €61,562 | €6,204 | -€55,358 | -89.9% |
| Transfer from tax-exempt reserves | 789 | €7,619 | €30,228 | +€22,609 | +296.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,182 | €36,433 | -€32,749 | -47.3% |
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 11 October 2026 via checked.be.