PHUONG HUY: 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.
PHUONG HUY
Largest movements
- Cash -€19,514
down €19,514 (-39.1%), from €49,916 to €30,402
mainly Investment in fixed assets (net) (-€27,284) and Trade debts (-€7,538)
- Tangible fixed assets +€14,536
up €14,536 (+39.2%), from €37,087 to €51,622
of which Plant, machinery and equipment: +€11,516
- Receivables within one year +€5,404
up €5,404 (+2.5%), from €212,381 to €217,785
of which Trade receivables: +€33,854
- Profit (loss) carried forward +€8,656
up €8,656 (+12.2%), from €70,751 to €79,406
- Trade debts -€7,538
down €7,538 (-10.9%), from €69,204 to €61,666
- Other debts +€6,000
new in 2024: €6,000
- Tax, wage and social debts -€3,248
down €3,248 (-2.3%), from €144,273 to €141,025
of which Taxes: -€27,121
- Gross operating margin +€60,635
up €60,635 (+33.9%), from €178,869 to €239,504
- Staff costs +€37,599
up €37,599 (+27.2%), from €138,370 to €175,969
- Financial income -€21,519
down €21,519 (-89.0%), from €24,177 to €2,658
of which Non-recurring financial income: -€18,141
- Financial charges +€11,593
up €11,593 (+56.7%), from €20,458 to €32,051
- Other operating charges -€8,966
down €8,966 (-58.7%), from €15,281 to €6,316
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,319 | €305,911 | +€1,592 | +0.5% |
| Fixed assets | 21/28 | €38,587 | €51,872 | +€13,286 | +34.4% |
| Tangible fixed assets | 22/27 | €37,087 | €51,622 | +€14,536 | +39.2% |
| Land and buildings | 22 | €5,656 | €4,900 | -€757 | -13.4% |
| Plant, machinery and equipment | 23 | €31,430 | €42,946 | +€11,516 | +36.6% |
| Furniture and vehicles | 24 | - | €3,777 | +€3,777 | |
| Financial fixed assets | 28 | €1,500 | €250 | -€1,250 | -83.3% |
| Current assets | 29/58 | €265,732 | €254,039 | -€11,693 | -4.4% |
| Stocks and contracts in progress | 3 | €3,310 | €3,970 | +€660 | +19.9% |
| Stocks | 30/36 | €3,310 | €3,970 | +€660 | +19.9% |
| Amounts receivable within one year | 40/41 | €212,381 | €217,785 | +€5,404 | +2.5% |
| Trade receivables | 40 | €48,149 | €82,003 | +€33,854 | +70.3% |
| Other amounts receivable | 41 | €164,231 | €135,782 | -€28,450 | -17.3% |
| Cash at bank and in hand | 54/58 | €49,916 | €30,402 | -€19,514 | -39.1% |
| Deferred charges and accrued income | 490/1 | €125 | €1,882 | +€1,757 | +1407.2% |
| Total equity and liabilities | 10/49 | €304,319 | €305,911 | +€1,592 | +0.5% |
| Equity | 10/15 | €78,811 | €87,466 | +€8,656 | +11.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €70,751 | €79,406 | +€8,656 | +12.2% |
| Amounts payable | 17/49 | €225,508 | €218,444 | -€7,064 | -3.1% |
| Amounts payable after more than one year | 17 | €5,012 | €2,303 | -€2,708 | -54.0% |
| Financial debts | 170/4 | €5,012 | €2,303 | -€2,708 | -54.0% |
| Amounts payable within one year | 42/48 | €220,496 | €213,941 | -€6,555 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €2,649 | €2,708 | +€60 | +2.3% |
| Financial debts | 43 | €4,370 | €2,542 | -€1,828 | -41.8% |
| Credit institutions | 430/8 | €4,370 | €2,542 | -€1,828 | -41.8% |
| Trade debts | 44 | €69,204 | €61,666 | -€7,538 | -10.9% |
| Suppliers | 440/4 | €69,204 | €61,666 | -€7,538 | -10.9% |
| Taxes, remuneration and social security | 45 | €144,273 | €141,025 | -€3,248 | -2.3% |
| Taxes | 450/3 | €117,284 | €90,163 | -€27,121 | -23.1% |
| Remuneration and social security | 454/9 | €26,989 | €50,862 | +€23,873 | +88.5% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,200 | +€2,200 | |
| Non-recurring operating income | 76A | €4,000 | €3,800 | -€200 | -5.0% |
| Remuneration, social security and pensions | 62 | €138,370 | €175,969 | +€37,599 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,368 | €13,999 | +€1,631 | +13.2% |
| Other operating charges | 640/8 | €15,281 | €6,316 | -€8,966 | -58.7% |
| Gross operating margin | 9900 | €178,869 | €239,504 | +€60,635 | +33.9% |
| Operating profit (loss) | 9901 | €12,850 | €43,220 | +€30,370 | +236.3% |
| Financial income | 75/76B | €24,177 | €2,658 | -€21,519 | -89.0% |
| Recurring financial income | 75 | €6,036 | €2,658 | -€3,378 | -56.0% |
| Non-recurring financial income | 76B | €18,141 | - | -€18,141 | |
| Financial charges | 65/66B | €20,458 | €32,051 | +€11,593 | +56.7% |
| Recurring financial charges | 65 | €20,458 | €32,051 | +€11,593 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | €16,569 | €13,827 | -€2,741 | -16.5% |
| Income taxes | 67/77 | €6,077 | €5,172 | -€905 | -14.9% |
| Profit (loss) for the period | 9904 | €10,492 | €8,656 | -€1,836 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,492 | €8,656 | -€1,836 | -17.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.