PHU LOGIXX: 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.
PHU LOGIXX
Largest movements
- Receivables within one year +€87,381
up €87,381 (+22.9%), from €380,818 to €468,199
of which Other amounts receivable: +€82,480
- Tangible fixed assets -€11,213
down €11,213 (-6.5%), from €172,003 to €160,791
of which Leasing and similar rights: -€7,427
- Other debts +€232,840
up €232,840 (+285,413%), from €82 to €232,922
- Reserves -€138,514
down €138,514 (-30.0%), from €461,847 to €323,333
of which Distributable reserves: -€138,514
- Debts after one year -€8,998
down €8,998 (-40.8%), from €22,040 to €13,042
- Trade debts -€7,150
down €7,150 (-37.5%), from €19,083 to €11,933
- Current portion of long-term debt -€6,579
down €6,579 (-42.2%), from €15,577 to €8,998
- Staff costs +€17,788
up €17,788 (+45.0%), from €39,509 to €57,298
- Financial charges +€12,148
up €12,148 (+36.3%), from €33,483 to €45,632
- Depreciation -€7,324
down €7,324 (-23.6%), from €31,072 to €23,748
- Taxes -€7,313
down €7,313 (-15.0%), from €48,617 to €41,304
- Financial income +€5,914
up €5,914 (+57.9%), from €10,217 to €16,131
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 | €573,099 | €648,465 | +€75,366 | +13.2% |
| Fixed assets | 21/28 | €172,431 | €161,219 | -€11,213 | -6.5% |
| Tangible fixed assets | 22/27 | €172,003 | €160,791 | -€11,213 | -6.5% |
| Land and buildings | 22 | €153,988 | €150,857 | -€3,131 | -2.0% |
| Plant, machinery and equipment | 23 | €1,868 | €254 | -€1,614 | -86.4% |
| Furniture and vehicles | 24 | €8,720 | €9,680 | +€960 | +11.0% |
| Leasing and similar rights | 25 | €7,427 | €0 | -€7,427 | -100% |
| Financial fixed assets | 28 | €428 | €428 | = | 0.0% |
| Current assets | 29/58 | €400,668 | €487,246 | +€86,578 | +21.6% |
| Amounts receivable within one year | 40/41 | €380,818 | €468,199 | +€87,381 | +22.9% |
| Trade receivables | 40 | €22,572 | €27,473 | +€4,901 | +21.7% |
| Other amounts receivable | 41 | €358,246 | €440,726 | +€82,480 | +23.0% |
| Cash at bank and in hand | 54/58 | €13,499 | €11,900 | -€1,599 | -11.8% |
| Deferred charges and accrued income | 490/1 | €6,351 | €7,147 | +€797 | +12.5% |
| Total equity and liabilities | 10/49 | €573,099 | €648,465 | +€75,366 | +13.2% |
| Equity | 10/15 | €474,247 | €335,733 | -€138,514 | -29.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €461,847 | €323,333 | -€138,514 | -30.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €459,987 | €321,473 | -€138,514 | -30.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €98,852 | €312,732 | +€213,880 | +216% |
| Amounts payable after more than one year | 17 | €22,040 | €13,042 | -€8,998 | -40.8% |
| Financial debts | 170/4 | €22,040 | €13,042 | -€8,998 | -40.8% |
| Amounts payable within one year | 42/48 | €76,812 | €295,065 | +€218,253 | +284% |
| Current portion of amounts payable after more than one year | 42 | €15,577 | €8,998 | -€6,579 | -42.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €19,083 | €11,933 | -€7,150 | -37.5% |
| Suppliers | 440/4 | €19,083 | €11,933 | -€7,150 | -37.5% |
| Taxes, remuneration and social security | 45 | €42,071 | €41,213 | -€859 | -2.0% |
| Taxes | 450/3 | €26,692 | €31,562 | +€4,870 | +18.2% |
| Remuneration and social security | 454/9 | €15,379 | €9,651 | -€5,728 | -37.2% |
| Other amounts payable | 47/48 | €82 | €232,922 | +€232,840 | +285,413% |
| Accrued charges and deferred income | 492/3 | - | €4,625 | +€4,625 | |
| Remuneration, social security and pensions | 62 | €39,509 | €57,298 | +€17,788 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,072 | €23,748 | -€7,324 | -23.6% |
| Other operating charges | 640/8 | €2,805 | €7,467 | +€4,661 | +166% |
| Gross operating margin | 9900 | €252,737 | €253,644 | +€907 | +0.4% |
| Operating profit (loss) | 9901 | €179,350 | €165,131 | -€14,219 | -7.9% |
| Financial income | 75/76B | €10,217 | €16,131 | +€5,914 | +57.9% |
| Recurring financial income | 75 | €10,217 | €16,131 | +€5,914 | +57.9% |
| Financial charges | 65/66B | €33,483 | €45,632 | +€12,148 | +36.3% |
| Recurring financial charges | 65 | €33,483 | €45,632 | +€12,148 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €156,084 | €135,631 | -€20,453 | -13.1% |
| Income taxes | 67/77 | €48,617 | €41,304 | -€7,313 | -15.0% |
| Profit (loss) for the period | 9904 | €107,467 | €94,326 | -€13,140 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,467 | €94,326 | -€13,140 | -12.2% |
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 16 October 2026 via checked.be.