PHT GESTION: 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.
PHT GESTION
Largest movements
- Receivables within one year +€44,409
up €44,409 (+3867.4%), from €1,148 to €45,557
of which Trade receivables: +€25,916
- Cash -€19,137
down €19,137 (-41.6%), from €45,971 to €26,834
mainly Contributions, distributions and other (-€139,800) and Receivables within one year (-€44,409)
- Financial fixed assets +€4,980
new in 2025: €4,980
- Tangible fixed assets -€1,428
down €1,428 (-23.0%), from €6,204 to €4,776
of which Furniture and vehicles: -€1,180
- Tax, wage and social debts +€22,522
up €22,522 (+91.4%), from €24,636 to €47,158
- Profit (loss) carried forward +€4,206
up €4,206 (+15.6%), from €26,982 to €31,188
- Trade debts +€1,690
up €1,690, from €0 to €1,690
- Gross operating margin +€94,925
up €94,925 (+103.4%), from €91,782 to €186,707
- Taxes +€24,373
up €24,373 (+132.4%), from €18,404 to €42,777
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 | €53,506 | €82,334 | +€28,828 | +53.9% |
| Fixed assets | 21/28 | €6,204 | €9,756 | +€3,552 | +57.3% |
| Tangible fixed assets | 22/27 | €6,204 | €4,776 | -€1,428 | -23.0% |
| Furniture and vehicles | 24 | €3,777 | €2,596 | -€1,180 | -31.3% |
| Other tangible fixed assets | 26 | €2,427 | €2,179 | -€248 | -10.2% |
| Financial fixed assets | 28 | - | €4,980 | +€4,980 | |
| Current assets | 29/58 | €47,302 | €72,579 | +€25,277 | +53.4% |
| Amounts receivable within one year | 40/41 | €1,148 | €45,557 | +€44,409 | +3867.4% |
| Trade receivables | 40 | €296 | €26,212 | +€25,916 | +8752.0% |
| Other amounts receivable | 41 | €852 | €19,344 | +€18,492 | +2170.1% |
| Cash at bank and in hand | 54/58 | €45,971 | €26,834 | -€19,137 | -41.6% |
| Deferred charges and accrued income | 490/1 | €183 | €188 | +€5 | +2.6% |
| Total equity and liabilities | 10/49 | €53,506 | €82,334 | +€28,828 | +53.9% |
| Equity | 10/15 | €28,482 | €32,688 | +€4,206 | +14.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,982 | €31,188 | +€4,206 | +15.6% |
| Amounts payable | 17/49 | €25,023 | €49,646 | +€24,623 | +98.4% |
| Amounts payable within one year | 42/48 | €24,636 | €48,848 | +€24,212 | +98.3% |
| Trade debts | 44 | €0 | €1,690 | +€1,690 | |
| Suppliers | 440/4 | €0 | €1,690 | +€1,690 | |
| Taxes, remuneration and social security | 45 | €24,636 | €47,158 | +€22,522 | +91.4% |
| Taxes | 450/3 | €24,636 | €47,158 | +€22,522 | +91.4% |
| Accrued charges and deferred income | 492/3 | €387 | €798 | +€411 | +106.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,233 | €1,428 | +€195 | +15.8% |
| Other operating charges | 640/8 | €872 | €948 | +€76 | +8.8% |
| Gross operating margin | 9900 | €91,782 | €186,707 | +€94,925 | +103.4% |
| Operating profit (loss) | 9901 | €89,678 | €184,331 | +€94,653 | +105.5% |
| Financial income | 75/76B | €2,341 | €3,451 | +€1,110 | +47.4% |
| Recurring financial income | 75 | €2,341 | €3,451 | +€1,110 | +47.4% |
| Financial charges | 65/66B | €183 | €1,000 | +€817 | +446.3% |
| Recurring financial charges | 65 | €183 | €1,000 | +€817 | +446.3% |
| Profit (loss) for the period before taxes | 9903 | €91,836 | €186,782 | +€94,947 | +103.4% |
| Income taxes | 67/77 | €18,404 | €42,777 | +€24,373 | +132.4% |
| Profit (loss) for the period | 9904 | €73,431 | €144,006 | +€70,574 | +96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,431 | €144,006 | +€70,574 | +96.1% |
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.