PHTIM: 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.
PHTIM
Largest movements
- Cash +€7,373
up €7,373 (+42.0%), from €17,565 to €24,938
mainly Net result for the year (+€18,694) and Contributions, distributions and other (+€3,000)
- Receivables within one year -€387
down €387 (-3.1%), from €12,556 to €12,170
of which Trade receivables: -€1,196
- Profit (loss) carried forward +€18,694
up €18,694 (+162.0%), from €11,537 to €30,231
- Other debts -€10,366
down €10,366 (-92.8%), from €11,167 to €801
- Tax, wage and social debts -€4,707
down €4,707 (-62.9%), from €7,483 to €2,777
- Contributions +€3,000
new in 2025: €3,000
- Trade debts +€420
up €420, from €0 to €420
- Gross operating margin +€8,028
up €8,028 (+45.8%), from €17,544 to €25,572
- Taxes +€1,743
up €1,743 (+50.6%), from €3,447 to €5,190
- Staff costs -€1,510
no longer reported in 2025 (was €1,510)
- Financial charges +€640
up €640 (+61.0%), from €1,050 to €1,690
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 | €30,187 | €37,229 | +€7,041 | +23.3% |
| Current assets | 29/58 | €30,187 | €37,229 | +€7,041 | +23.3% |
| Amounts receivable within one year | 40/41 | €12,556 | €12,170 | -€387 | -3.1% |
| Trade receivables | 40 | €11,003 | €9,807 | -€1,196 | -10.9% |
| Other amounts receivable | 41 | €1,553 | €2,363 | +€810 | +52.1% |
| Cash at bank and in hand | 54/58 | €17,565 | €24,938 | +€7,373 | +42.0% |
| Deferred charges and accrued income | 490/1 | €66 | €121 | +€55 | +84.0% |
| Total equity and liabilities | 10/49 | €30,187 | €37,229 | +€7,041 | +23.3% |
| Equity | 10/15 | €11,537 | €33,231 | +€21,694 | +188.0% |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €11,537 | €30,231 | +€18,694 | +162.0% |
| Amounts payable | 17/49 | €18,650 | €3,998 | -€14,652 | -78.6% |
| Amounts payable within one year | 42/48 | €18,650 | €3,998 | -€14,652 | -78.6% |
| Trade debts | 44 | €0 | €420 | +€420 | |
| Suppliers | 440/4 | €0 | €420 | +€420 | |
| Taxes, remuneration and social security | 45 | €7,483 | €2,777 | -€4,707 | -62.9% |
| Taxes | 450/3 | €7,483 | €2,777 | -€4,707 | -62.9% |
| Other amounts payable | 47/48 | €11,167 | €801 | -€10,366 | -92.8% |
| Remuneration, social security and pensions | 62 | €1,510 | - | -€1,510 | |
| Gross operating margin | 9900 | €17,544 | €25,572 | +€8,028 | +45.8% |
| Operating profit (loss) | 9901 | €16,034 | €25,572 | +€9,538 | +59.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | +19700.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +19700.0% |
| Financial charges | 65/66B | €1,050 | €1,690 | +€640 | +61.0% |
| Recurring financial charges | 65 | €1,050 | €1,690 | +€640 | +61.0% |
| Profit (loss) for the period before taxes | 9903 | €14,984 | €23,884 | +€8,900 | +59.4% |
| Income taxes | 67/77 | €3,447 | €5,190 | +€1,743 | +50.6% |
| Profit (loss) for the period | 9904 | €11,537 | €18,694 | +€7,157 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,537 | €18,694 | +€7,157 | +62.0% |
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 4 October 2026 via checked.be.