PhT SERVICES: what changed
Two financial 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 SERVICES
Largest movements
- Cash -€4,524
down €4,524 (-7.4%), from €60,943 to €56,420
mainly Contributions, distributions and other (-€14,000) and Tax, wage and social debts (-€5,401)
- Receivables within one year +€3,440
up €3,440 (+1.7%), from €205,009 to €208,449
of which Other amounts receivable: +€63,118
- Tax, wage and social debts -€5,401
down €5,401 (-34.3%), from €15,724 to €10,323
- Gross operating margin -€48,174
down €48,174 (-65.6%), from €73,438 to €25,264
- Taxes -€12,606
down €12,606 (-63.8%), from €19,755 to €7,149
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.
Derived cash bridge
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 | €339,612 | €337,027 | -€2,585 | -0.8% |
| Fixed assets | 21/28 | €27,962 | €27,962 | = | 0.0% |
| Financial fixed assets | 28 | €27,962 | €27,962 | = | 0.0% |
| Current assets | 29/58 | €311,650 | €309,065 | -€2,585 | -0.8% |
| Amounts receivable after more than one year | 29 | €42,500 | €42,500 | = | 0.0% |
| Other amounts receivable | 291 | €42,500 | €42,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €205,009 | €208,449 | +€3,440 | +1.7% |
| Trade receivables | 40 | €125,011 | €65,333 | -€59,678 | -47.7% |
| Other amounts receivable | 41 | €79,998 | €143,116 | +€63,118 | +78.9% |
| Cash at bank and in hand | 54/58 | €60,943 | €56,420 | -€4,524 | -7.4% |
| Deferred charges and accrued income | 490/1 | €3,198 | €1,697 | -€1,501 | -46.9% |
| Total equity and liabilities | 10/49 | €339,612 | €337,027 | -€2,585 | -0.8% |
| Equity | 10/15 | €321,076 | €323,728 | +€2,652 | +0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €287,908 | €290,508 | +€2,600 | +0.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €286,048 | €288,648 | +€2,600 | +0.9% |
| Profit (loss) carried forward | 14 | €20,768 | €20,820 | +€52 | +0.3% |
| Amounts payable | 17/49 | €18,536 | €13,299 | -€5,237 | -28.3% |
| Amounts payable within one year | 42/48 | €18,536 | €13,299 | -€5,237 | -28.3% |
| Trade debts | 44 | €1,839 | €2,329 | +€491 | +26.7% |
| Suppliers | 440/4 | €1,839 | €2,329 | +€491 | +26.7% |
| Taxes, remuneration and social security | 45 | €15,724 | €10,323 | -€5,401 | -34.3% |
| Taxes | 450/3 | €15,724 | €10,323 | -€5,401 | -34.3% |
| Other amounts payable | 47/48 | €974 | €647 | -€327 | -33.6% |
| Other operating charges | 640/8 | €997 | €1,271 | +€274 | +27.5% |
| Non-recurring operating charges | 66A | €1,550 | - | -€1,550 | |
| Gross operating margin | 9900 | €73,438 | €25,264 | -€48,174 | -65.6% |
| Operating profit (loss) | 9901 | €70,892 | €23,994 | -€46,898 | -66.2% |
| Financial income | 75/76B | €531 | €531 | -€0 | 0.0% |
| Recurring financial income | 75 | €531 | €531 | -€0 | 0.0% |
| Financial charges | 65/66B | €548 | €724 | +€177 | +32.2% |
| Recurring financial charges | 65 | €548 | €724 | +€177 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €70,875 | €23,801 | -€47,074 | -66.4% |
| Income taxes | 67/77 | €19,755 | €7,149 | -€12,606 | -63.8% |
| Profit (loss) for the period | 9904 | €51,120 | €16,652 | -€34,468 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,120 | €16,652 | -€34,468 | -67.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.