PHMA: 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.
PHMA
Largest movements
- Cash -€6,847
down €6,847 (-21.9%), from €31,325 to €24,478
mainly Tax, wage and social debts (-€8,446) and Net result for the year (-€58)
- Tax, wage and social debts -€8,446
down €8,446 (-86.2%), from €9,798 to €1,352
- Trade debts +€1,671
up €1,671 (+236.8%), from €706 to €2,377
of which Suppliers: +€1,671
- Gross operating margin -€3,513
down €3,513 (-65.5%), from €5,361 to €1,849
- Taxes -€1,266
down €1,266 (-48.4%), from €2,617 to €1,352
- Financial income +€263
up €263 (+185.3%), from €142 to €405
- Other operating charges +€77
up €77 (+13.3%), from €580 to €658
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 | €31,355 | €24,508 | -€6,847 | -21.8% |
| Fixed assets | 21/28 | €30 | €30 | = | 0.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €31,325 | €24,478 | -€6,847 | -21.9% |
| Cash at bank and in hand | 54/58 | €31,325 | €24,478 | -€6,847 | -21.9% |
| Total equity and liabilities | 10/49 | €31,355 | €24,508 | -€6,847 | -21.8% |
| Equity | 10/15 | €19,840 | €19,781 | -€58 | -0.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,791 | €14,791 | = | 0.0% |
| Distributable reserves | 133 | €14,791 | €14,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,049 | €1,991 | -€58 | -2.8% |
| Amounts payable | 17/49 | €11,516 | €4,727 | -€6,789 | -59.0% |
| Amounts payable within one year | 42/48 | €11,516 | €4,727 | -€6,789 | -59.0% |
| Trade debts | 44 | €706 | €2,377 | +€1,671 | +236.8% |
| Suppliers | 440/4 | €157 | €1,829 | +€1,671 | +1062.8% |
| Bills of exchange payable | 441 | €548 | €548 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,798 | €1,352 | -€8,446 | -86.2% |
| Taxes | 450/3 | €9,798 | €1,352 | -€8,446 | -86.2% |
| Other amounts payable | 47/48 | €1,012 | €998 | -€14 | -1.4% |
| Other operating charges | 640/8 | €580 | €658 | +€77 | +13.3% |
| Gross operating margin | 9900 | €5,361 | €1,849 | -€3,513 | -65.5% |
| Operating profit (loss) | 9901 | €4,781 | €1,191 | -€3,590 | -75.1% |
| Financial income | 75/76B | €142 | €405 | +€263 | +185.3% |
| Recurring financial income | 75 | €142 | €405 | +€263 | +185.3% |
| Financial charges | 65/66B | €257 | €303 | +€46 | +18.0% |
| Recurring financial charges | 65 | €257 | €303 | +€46 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €4,666 | €1,293 | -€3,373 | -72.3% |
| Income taxes | 67/77 | €2,617 | €1,352 | -€1,266 | -48.4% |
| Profit (loss) for the period | 9904 | €2,049 | -€58 | -€2,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,049 | -€58 | -€2,107 |
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 3 October 2026 via checked.be.