PHRD Services: 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.
PHRD Services
Largest movements
- Cash +€38,706
up €38,706 (+185.4%), from €20,875 to €59,581
mainly Net result for the year (+€32,221) and Trade debts (+€18,903)
- Receivables within one year +€13,301
up €13,301 (+31.4%), from €42,325 to €55,626
of which Trade receivables: +€7,975
- Profit (loss) carried forward +€32,221
up €32,221 (+88.4%), from €36,444 to €68,665
- Trade debts +€18,903
up €18,903 (+227.6%), from €8,306 to €27,210
- Gross operating margin +€38,148
up €38,148 (+11917.2%), from €320 to €38,468
- Taxes +€1,531
up €1,531 (+1073.9%), from €143 to €1,674
- Depreciation -€474
down €474 (-13.7%), from €3,468 to €2,994
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 | €70,917 | €121,405 | +€50,488 | +71.2% |
| Fixed assets | 21/28 | €7,282 | €6,156 | -€1,126 | -15.5% |
| Tangible fixed assets | 22/27 | €7,240 | €6,114 | -€1,126 | -15.6% |
| Furniture and vehicles | 24 | €4,991 | €4,427 | -€564 | -11.3% |
| Other tangible fixed assets | 26 | €2,248 | €1,686 | -€562 | -25.0% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €63,636 | €115,250 | +€51,614 | +81.1% |
| Amounts receivable within one year | 40/41 | €42,325 | €55,626 | +€13,301 | +31.4% |
| Trade receivables | 40 | €42,325 | €50,300 | +€7,975 | +18.8% |
| Other amounts receivable | 41 | €0 | €5,326 | +€5,326 | |
| Cash at bank and in hand | 54/58 | €20,875 | €59,581 | +€38,706 | +185.4% |
| Deferred charges and accrued income | 490/1 | €435 | €42 | -€393 | -90.4% |
| Total equity and liabilities | 10/49 | €70,917 | €121,405 | +€50,488 | +71.2% |
| Equity | 10/15 | €56,904 | €89,125 | +€32,221 | +56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,444 | €68,665 | +€32,221 | +88.4% |
| Amounts payable | 17/49 | €14,014 | €32,281 | +€18,267 | +130.3% |
| Amounts payable within one year | 42/48 | €14,014 | €32,281 | +€18,267 | +130.3% |
| Trade debts | 44 | €8,306 | €27,210 | +€18,903 | +227.6% |
| Suppliers | 440/4 | €8,306 | €27,210 | +€18,903 | +227.6% |
| Taxes, remuneration and social security | 45 | €577 | €1,139 | +€562 | +97.4% |
| Taxes | 450/3 | €577 | €1,139 | +€562 | +97.4% |
| Other amounts payable | 47/48 | €5,130 | €3,932 | -€1,199 | -23.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,468 | €2,994 | -€474 | -13.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €1,028 | +€1,028 | |
| Gross operating margin | 9900 | €320 | €38,468 | +€38,148 | +11917.2% |
| Operating profit (loss) | 9901 | -€3,536 | €34,046 | +€37,582 | |
| Financial charges | 65/66B | €173 | €152 | -€21 | -12.3% |
| Recurring financial charges | 65 | €173 | €152 | -€21 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,708 | €33,895 | +€37,603 | |
| Income taxes | 67/77 | €143 | €1,674 | +€1,531 | +1073.9% |
| Profit (loss) for the period | 9904 | -€3,851 | €32,221 | +€36,072 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,851 | €32,221 | +€36,072 |
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.