PHLPP: 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.
PHLPP
Largest movements
- Cash -€687
down €687 (-22.9%), from €3,000 to €2,313
mainly Trade debts (-€7,183) and Tax, wage and social debts (-€6,805)
- Other debts +€11,383
up €11,383 (+200.5%), from €5,676 to €17,059
- Trade debts -€7,183
down €7,183 (-68.3%), from €10,516 to €3,332
- Tax, wage and social debts -€6,805
down €6,805 (-46.2%), from €14,728 to €7,923
- Profit (loss) carried forward +€2,494
up €2,494 (+37.3%), from €6,688 to €9,181
- Gross operating margin -€6,777
down €6,777 (-48.2%), from €14,045 to €7,269
- Taxes -€1,575
down €1,575 (-52.8%), from €2,984 to €1,408
- Depreciation -€1,285
down €1,285 (-30.3%), from €4,235 to €2,951
- Other operating charges +€357
new in 2025: €357
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 | €40,608 | €40,495 | -€113 | -0.3% |
| Fixed assets | 21/28 | €19,520 | €19,419 | -€101 | -0.5% |
| Tangible fixed assets | 22/27 | €19,520 | €19,419 | -€101 | -0.5% |
| Furniture and vehicles | 24 | €2,331 | €1,177 | -€1,154 | -49.5% |
| Other tangible fixed assets | 26 | €17,189 | €18,242 | +€1,052 | +6.1% |
| Current assets | 29/58 | €21,087 | €21,076 | -€11 | -0.1% |
| Amounts receivable within one year | 40/41 | €16,613 | €16,964 | +€352 | +2.1% |
| Trade receivables | 40 | €16,613 | €16,964 | +€352 | +2.1% |
| Cash at bank and in hand | 54/58 | €3,000 | €2,313 | -€687 | -22.9% |
| Deferred charges and accrued income | 490/1 | €1,474 | €1,799 | +€324 | +22.0% |
| Total equity and liabilities | 10/49 | €40,608 | €40,495 | -€113 | -0.3% |
| Equity | 10/15 | €9,688 | €12,181 | +€2,494 | +25.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,688 | €9,181 | +€2,494 | +37.3% |
| Amounts payable | 17/49 | €30,920 | €28,314 | -€2,606 | -8.4% |
| Amounts payable within one year | 42/48 | €30,920 | €28,314 | -€2,606 | -8.4% |
| Trade debts | 44 | €10,516 | €3,332 | -€7,183 | -68.3% |
| Suppliers | 440/4 | €10,516 | €3,332 | -€7,183 | -68.3% |
| Taxes, remuneration and social security | 45 | €14,728 | €7,923 | -€6,805 | -46.2% |
| Taxes | 450/3 | €14,728 | €7,923 | -€6,805 | -46.2% |
| Other amounts payable | 47/48 | €5,676 | €17,059 | +€11,383 | +200.5% |
| Remuneration, social security and pensions | 62 | €138 | - | -€138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,235 | €2,951 | -€1,285 | -30.3% |
| Other operating charges | 640/8 | - | €357 | +€357 | |
| Gross operating margin | 9900 | €14,045 | €7,269 | -€6,777 | -48.2% |
| Operating profit (loss) | 9901 | €9,672 | €3,961 | -€5,710 | -59.0% |
| Financial charges | 65/66B | €0 | €60 | +€59 | +19740.0% |
| Recurring financial charges | 65 | €0 | €60 | +€59 | +19740.0% |
| Profit (loss) for the period before taxes | 9903 | €9,672 | €3,902 | -€5,770 | -59.7% |
| Income taxes | 67/77 | €2,984 | €1,408 | -€1,575 | -52.8% |
| Profit (loss) for the period | 9904 | €6,688 | €2,494 | -€4,194 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,688 | €2,494 | -€4,194 | -62.7% |
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.