PHR RENOVATION: what changed
What changed
PHR RENOVATION
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€2,859
2024 · €312+€2,547
Equity
€64,348
2024 · €61,489+€2,859
Cash
€12,543
2024 · €48,711-€36,168
Balance sheet total
€231,543
2024 · €303,967-€72,424
Largest movements
Assets
- Cash -€36,168
down €36,168 (-74.2%), from €48,711 to €12,543
mainly Trade debts (-€77,520) and Deferred charges and accrued income (-€827)
- Receivables within one year -€36,038
down €36,038 (-14.4%), from €250,770 to €214,732
of which Trade receivables: -€29,658
Equity and liabilities
- Trade debts -€77,520
down €77,520 (-35.6%), from €217,470 to €139,949
Income statement
- Staff costs -€20,585
down €20,585 (-20.5%), from €100,603 to €80,017
- Gross operating margin -€17,623
down €17,623 (-15.6%), from €112,816 to €95,193
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€312
Gross operating margin
-€17,623
Staff costs
+€20,585
Depreciation
-€372
Other operating charges
-€401
Financial income
+€0
Financial charges
+€429
Taxes
-€72
Result 2025
€2,859
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€35,747
Investment
-€421
Financing
€0
Cash 2024
€48,711
From operations (derived)
-€35,747
Net result for the year
+€2,859
Depreciation
+€1,466
Receivables within one year
+€36,038
Deferred charges and accrued income
-€827
Trade debts
-€77,520
Tax, wage and social debts
+€1,737
Other debts
+€500
Investment (derived)
-€421
Investment in fixed assets (net)
-€421
Cash 2025
€12,543
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,967 | €231,543 | -€72,424 | -23.8% |
| Fixed assets | 21/28 | €4,032 | €2,986 | -€1,046 | -25.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,907 | €1,861 | -€1,046 | -36.0% |
| Plant, machinery and equipment | 23 | €0 | €372 | +€372 | |
| Furniture and vehicles | 24 | €2,907 | €1,489 | -€1,418 | -48.8% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €299,936 | €228,557 | -€71,379 | -23.8% |
| Amounts receivable within one year | 40/41 | €250,770 | €214,732 | -€36,038 | -14.4% |
| Trade receivables | 40 | €229,092 | €199,435 | -€29,658 | -12.9% |
| Other amounts receivable | 41 | €21,678 | €15,298 | -€6,380 | -29.4% |
| Cash at bank and in hand | 54/58 | €48,711 | €12,543 | -€36,168 | -74.2% |
| Deferred charges and accrued income | 490/1 | €455 | €1,282 | +€827 | +182% |
| Total equity and liabilities | 10/49 | €303,967 | €231,543 | -€72,424 | -23.8% |
| Equity | 10/15 | €61,489 | €64,348 | +€2,859 | +4.6% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €4,463 | €4,463 | = | 0.0% |
| Distributable reserves | 133 | €4,463 | €4,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,026 | €23,885 | +€2,859 | +13.6% |
| Amounts payable | 17/49 | €242,478 | €167,195 | -€75,283 | -31.0% |
| Amounts payable within one year | 42/48 | €242,478 | €167,195 | -€75,283 | -31.0% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Credit institutions | 430/8 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €217,470 | €139,949 | -€77,520 | -35.6% |
| Suppliers | 440/4 | €217,470 | €139,949 | -€77,520 | -35.6% |
| Taxes, remuneration and social security | 45 | €5,009 | €6,746 | +€1,737 | +34.7% |
| Taxes | 450/3 | €2,946 | €3,001 | +€55 | +1.9% |
| Remuneration and social security | 454/9 | €2,063 | €3,745 | +€1,682 | +81.5% |
| Other amounts payable | 47/48 | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €100,603 | €80,017 | -€20,585 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €1,466 | +€372 | +34.0% |
| Other operating charges | 640/8 | €6,702 | €7,103 | +€401 | +6.0% |
| Gross operating margin | 9900 | €112,816 | €95,193 | -€17,623 | -15.6% |
| Operating profit (loss) | 9901 | €4,416 | €6,606 | +€2,190 | +49.6% |
| Financial income | 75/76B | €0 | €1 | +€0 | +213% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +213% |
| Financial charges | 65/66B | €2,595 | €2,166 | -€429 | -16.5% |
| Recurring financial charges | 65 | €2,595 | €2,166 | -€429 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €1,821 | €4,440 | +€2,619 | +144% |
| Income taxes | 67/77 | €1,509 | €1,581 | +€72 | +4.8% |
| Profit (loss) for the period | 9904 | €312 | €2,859 | +€2,547 | +817% |
| Profit (loss) for the period to be appropriated | 9905 | €312 | €2,859 | +€2,547 | +817% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.