PhLetihon: 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.
PhLetihon
Largest movements
- Receivables within one year +€52,343
up €52,343 (+45.9%), from €114,028 to €166,370
of which Other amounts receivable: +€51,970
- Receivables after one year -€5,040
down €5,040 (-51.4%), from €9,800 to €4,760
- Deferred charges and accrued income -€4,064
down €4,064 (-17.5%), from €23,175 to €19,111
- Reserves +€30,000
up €30,000 (+28.2%), from €106,500 to €136,500
- Tax, wage and social debts +€8,822
up €8,822 (+58.3%), from €15,128 to €23,950
- Gross operating margin +€8,897
up €8,897 (+31.1%), from €28,614 to €37,512
- Other operating charges +€1,913
up €1,913 (+353.6%), from €541 to €2,455
- Financial income +€1,340
up €1,340 (+21.8%), from €6,139 to €7,479
- Taxes +€1,098
up €1,098 (+13.7%), from €8,014 to €9,112
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 | €152,386 | €194,807 | +€42,421 | +27.8% |
| Fixed assets | 21/28 | €2,531 | €3,033 | +€501 | +19.8% |
| Tangible fixed assets | 22/27 | €2,531 | €3,033 | +€501 | +19.8% |
| Furniture and vehicles | 24 | €1,941 | €2,760 | +€818 | +42.2% |
| Other tangible fixed assets | 26 | €590 | €273 | -€317 | -53.8% |
| Current assets | 29/58 | €149,854 | €191,774 | +€41,920 | +28.0% |
| Amounts receivable after more than one year | 29 | €9,800 | €4,760 | -€5,040 | -51.4% |
| Other amounts receivable | 291 | €9,800 | €4,760 | -€5,040 | -51.4% |
| Amounts receivable within one year | 40/41 | €114,028 | €166,370 | +€52,343 | +45.9% |
| Trade receivables | 40 | €15 | €388 | +€373 | +2509.6% |
| Other amounts receivable | 41 | €114,013 | €165,983 | +€51,970 | +45.6% |
| Cash at bank and in hand | 54/58 | €2,852 | €1,533 | -€1,319 | -46.2% |
| Deferred charges and accrued income | 490/1 | €23,175 | €19,111 | -€4,064 | -17.5% |
| Total equity and liabilities | 10/49 | €152,386 | €194,807 | +€42,421 | +27.8% |
| Equity | 10/15 | €131,425 | €163,231 | +€31,806 | +24.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €106,500 | €136,500 | +€30,000 | +28.2% |
| Distributable reserves | 133 | €106,500 | €136,500 | +€30,000 | +28.2% |
| Profit (loss) carried forward | 14 | €22,925 | €24,731 | +€1,806 | +7.9% |
| Amounts payable | 17/49 | €20,961 | €31,576 | +€10,615 | +50.6% |
| Amounts payable within one year | 42/48 | €20,914 | €31,575 | +€10,661 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €3,064 | €4,408 | +€1,345 | +43.9% |
| Trade debts | 44 | €2,722 | €3,217 | +€495 | +18.2% |
| Suppliers | 440/4 | €2,722 | €3,217 | +€495 | +18.2% |
| Taxes, remuneration and social security | 45 | €15,128 | €23,950 | +€8,822 | +58.3% |
| Taxes | 450/3 | €15,128 | €23,950 | +€8,822 | +58.3% |
| Accrued charges and deferred income | 492/3 | €47 | €1 | -€46 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917 | €954 | +€37 | +4.0% |
| Other operating charges | 640/8 | €541 | €2,455 | +€1,913 | +353.6% |
| Gross operating margin | 9900 | €28,614 | €37,512 | +€8,897 | +31.1% |
| Operating profit (loss) | 9901 | €27,156 | €34,103 | +€6,947 | +25.6% |
| Financial income | 75/76B | €6,139 | €7,479 | +€1,340 | +21.8% |
| Recurring financial income | 75 | €6,139 | €7,479 | +€1,340 | +21.8% |
| Financial charges | 65/66B | €862 | €664 | -€199 | -23.1% |
| Recurring financial charges | 65 | €862 | €664 | -€199 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €32,433 | €40,918 | +€8,486 | +26.2% |
| Income taxes | 67/77 | €8,014 | €9,112 | +€1,098 | +13.7% |
| Profit (loss) for the period | 9904 | €24,418 | €31,806 | +€7,388 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,418 | €31,806 | +€7,388 | +30.3% |
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 1 October 2026 via checked.be.