PHM SOLUTIONS: 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.
PHM SOLUTIONS
Largest movements
- Cash +€5,270
up €5,270 (+239.4%), from €2,201 to €7,471
mainly Trade debts (+€29,073) and Receivables within one year (+€4,797)
- Receivables within one year -€4,797
down €4,797 (-3.1%), from €152,623 to €147,826
of which Other amounts receivable: -€3,083
- Trade debts +€29,073
new in 2025: €29,073
- Profit (loss) carried forward -€23,470
down €23,470 (-19.0%), from €123,792 to €100,322
- Tax, wage and social debts -€6,162
down €6,162 (-19.8%), from €31,043 to €24,881
- Gross operating margin -€46,326
down €46,326, from €44,894 to -€1,432
- Financial charges +€17,935
up €17,935 (+5431.8%), from €330 to €18,265
- Taxes -€14,065
down €14,065 (-89.1%), from €15,792 to €1,727
- Other operating charges +€701
up €701 (+52.1%), from €1,346 to €2,047
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 | €159,193 | €158,748 | -€445 | -0.3% |
| Fixed assets | 21/28 | €2,535 | €2,535 | = | 0.0% |
| Financial fixed assets | 28 | €2,535 | €2,535 | = | 0.0% |
| Current assets | 29/58 | €156,658 | €156,213 | -€445 | -0.3% |
| Amounts receivable within one year | 40/41 | €152,623 | €147,826 | -€4,797 | -3.1% |
| Trade receivables | 40 | €16,502 | €14,788 | -€1,714 | -10.4% |
| Other amounts receivable | 41 | €136,121 | €133,038 | -€3,083 | -2.3% |
| Cash at bank and in hand | 54/58 | €2,201 | €7,471 | +€5,270 | +239.4% |
| Deferred charges and accrued income | 490/1 | €1,834 | €916 | -€918 | -50.0% |
| Total equity and liabilities | 10/49 | €159,193 | €158,748 | -€445 | -0.3% |
| Equity | 10/15 | €125,592 | €102,122 | -€23,470 | -18.7% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,792 | €100,322 | -€23,470 | -19.0% |
| Amounts payable | 17/49 | €33,602 | €56,626 | +€23,024 | +68.5% |
| Amounts payable within one year | 42/48 | €33,602 | €56,626 | +€23,024 | +68.5% |
| Financial debts | 43 | €2,559 | €2,672 | +€113 | +4.4% |
| Credit institutions | 430/8 | €2,559 | €2,672 | +€113 | +4.4% |
| Trade debts | 44 | - | €29,073 | +€29,073 | |
| Suppliers | 440/4 | - | €29,073 | +€29,073 | |
| Taxes, remuneration and social security | 45 | €31,043 | €24,881 | -€6,162 | -19.8% |
| Taxes | 450/3 | €31,043 | €24,881 | -€6,162 | -19.8% |
| Other operating charges | 640/8 | €1,346 | €2,047 | +€701 | +52.1% |
| Gross operating margin | 9900 | €44,894 | -€1,432 | -€46,326 | |
| Operating profit (loss) | 9901 | €43,548 | -€3,479 | -€47,027 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €330 | €18,265 | +€17,935 | +5431.8% |
| Recurring financial charges | 65 | €330 | €18,265 | +€17,935 | +5431.8% |
| Profit (loss) for the period before taxes | 9903 | €43,218 | -€21,742 | -€64,960 | |
| Income taxes | 67/77 | €15,792 | €1,727 | -€14,065 | -89.1% |
| Profit (loss) for the period | 9904 | €27,426 | -€23,469 | -€50,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,426 | -€23,469 | -€50,895 |
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 7 October 2026 via checked.be.