PhL Products & Services Support: 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 Products & Services Support
Largest movements
- Cash +€14,167
up €14,167 (+95.4%), from €14,842 to €29,010
mainly Net result for the year (+€38,609) and Depreciation (+€2,512)
- Reserves +€38,500
up €38,500 (+30.6%), from €125,760 to €164,260
of which Distributable reserves: +€38,500
- Debts after one year -€22,339
down €22,339 (-36.9%), from €60,481 to €38,143
- Gross operating margin +€18,383
up €18,383 (+40.6%), from €45,333 to €63,716
- Taxes +€5,960
up €5,960 (+43.9%), from €13,590 to €19,550
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 | €284,445 | €296,754 | +€12,309 | +4.3% |
| Fixed assets | 21/28 | €254,831 | €252,319 | -€2,512 | -1.0% |
| Tangible fixed assets | 22/27 | €4,831 | €2,319 | -€2,512 | -52.0% |
| Furniture and vehicles | 24 | €4,831 | €2,319 | -€2,512 | -52.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €29,614 | €44,435 | +€14,821 | +50.0% |
| Amounts receivable within one year | 40/41 | €13,104 | €13,685 | +€581 | +4.4% |
| Trade receivables | 40 | €13,104 | €12,525 | -€579 | -4.4% |
| Other amounts receivable | 41 | €0 | €1,160 | +€1,160 | |
| Cash at bank and in hand | 54/58 | €14,842 | €29,010 | +€14,167 | +95.4% |
| Deferred charges and accrued income | 490/1 | €1,667 | €1,740 | +€73 | +4.4% |
| Total equity and liabilities | 10/49 | €284,445 | €296,754 | +€12,309 | +4.3% |
| Equity | 10/15 | €174,097 | €212,706 | +€38,609 | +22.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €125,760 | €164,260 | +€38,500 | +30.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Distributable reserves | 133 | €125,760 | €164,260 | +€38,500 | +30.6% |
| Profit (loss) carried forward | 14 | €42,137 | €42,246 | +€109 | +0.3% |
| Amounts payable | 17/49 | €110,348 | €84,048 | -€26,300 | -23.8% |
| Amounts payable after more than one year | 17 | €60,481 | €38,143 | -€22,339 | -36.9% |
| Financial debts | 170/4 | €60,481 | €38,143 | -€22,339 | -36.9% |
| Amounts payable within one year | 42/48 | €49,867 | €45,906 | -€3,961 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €21,937 | €22,339 | +€401 | +1.8% |
| Financial debts | 43 | €470 | €162 | -€308 | -65.5% |
| Credit institutions | 430/8 | €470 | €162 | -€308 | -65.5% |
| Trade debts | 44 | €497 | €533 | +€36 | +7.3% |
| Suppliers | 440/4 | €497 | €533 | +€36 | +7.3% |
| Taxes, remuneration and social security | 45 | €13,014 | €11,840 | -€1,174 | -9.0% |
| Taxes | 450/3 | €13,014 | €11,840 | -€1,174 | -9.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €13,950 | €11,032 | -€2,918 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,209 | €2,512 | +€303 | +13.7% |
| Other operating charges | 640/8 | €1,584 | €1,201 | -€382 | -24.1% |
| Gross operating margin | 9900 | €45,333 | €63,716 | +€18,383 | +40.6% |
| Operating profit (loss) | 9901 | €41,541 | €60,003 | +€18,462 | +44.4% |
| Financial income | 75/76B | €197 | - | -€197 | |
| Recurring financial income | 75 | €197 | - | -€197 | |
| Financial charges | 65/66B | €2,239 | €1,844 | -€395 | -17.6% |
| Recurring financial charges | 65 | €2,239 | €1,844 | -€395 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €39,499 | €58,159 | +€18,660 | +47.2% |
| Income taxes | 67/77 | €13,590 | €19,550 | +€5,960 | +43.9% |
| Profit (loss) for the period | 9904 | €25,908 | €38,609 | +€12,701 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,908 | €38,609 | +€12,701 | +49.0% |
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 30 October 2026 via checked.be.