PHV-Agency: 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.
PHV-Agency
Largest movements
- Receivables within one year +€24,615
up €24,615 (+7.4%), from €334,082 to €358,697
of which Trade receivables: +€49,594
- Cash +€8,687
up €8,687 (+8.2%), from €106,400 to €115,087
mainly Trade debts (+€48,182) and Tax, wage and social debts (+€8,529)
- Trade debts +€48,182
up €48,182 (+55.9%), from €86,254 to €134,436
- Other debts -€19,172
down €19,172 (-63.9%), from €30,000 to €10,828
- Tax, wage and social debts +€8,529
up €8,529 (+94.7%), from €9,007 to €17,535
of which Remuneration and social security: +€4,329
- Staff costs +€35,261
up €35,261 (+51.0%), from €69,181 to €104,442
- Gross operating margin -€21,596
down €21,596 (-15.3%), from €140,829 to €119,233
- Taxes -€10,917
down €10,917 (-72.1%), from €15,139 to €4,223
- Other operating charges -€5,794
down €5,794 (-84.0%), from €6,899 to €1,106
- Financial income -€1,816
down €1,816 (-34.8%), from €5,218 to €3,402
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 | €473,759 | €509,335 | +€35,576 | +7.5% |
| Fixed assets | 21/28 | €25,686 | €28,027 | +€2,342 | +9.1% |
| Tangible fixed assets | 22/27 | €24,731 | €27,207 | +€2,477 | +10.0% |
| Plant, machinery and equipment | 23 | €24,731 | €23,978 | -€753 | -3.0% |
| Furniture and vehicles | 24 | - | €3,230 | +€3,230 | |
| Financial fixed assets | 28 | €955 | €820 | -€135 | -14.1% |
| Current assets | 29/58 | €448,073 | €481,308 | +€33,234 | +7.4% |
| Amounts receivable within one year | 40/41 | €334,082 | €358,697 | +€24,615 | +7.4% |
| Trade receivables | 40 | €231,477 | €281,071 | +€49,594 | +21.4% |
| Other amounts receivable | 41 | €102,604 | €77,626 | -€24,979 | -24.3% |
| Cash at bank and in hand | 54/58 | €106,400 | €115,087 | +€8,687 | +8.2% |
| Deferred charges and accrued income | 490/1 | €7,591 | €7,523 | -€68 | -0.9% |
| Total equity and liabilities | 10/49 | €473,759 | €509,335 | +€35,576 | +7.5% |
| Equity | 10/15 | €337,585 | €338,900 | +€1,314 | +0.4% |
| Contributions | 10/11 | €11,500 | €11,500 | = | 0.0% |
| Reserves | 13 | €326,085 | €326,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,150 | €1,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,150 | €1,150 | = | 0.0% |
| Distributable reserves | 133 | €324,935 | €324,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1,314 | +€1,314 | |
| Amounts payable | 17/49 | €136,173 | €170,435 | +€34,262 | +25.2% |
| Amounts payable within one year | 42/48 | €136,173 | €169,825 | +€33,652 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €7,642 | €7,025 | -€616 | -8.1% |
| Financial debts | 43 | €3,271 | €0 | -€3,271 | -100% |
| Credit institutions | 430/8 | €3,271 | €0 | -€3,271 | -100% |
| Trade debts | 44 | €86,254 | €134,436 | +€48,182 | +55.9% |
| Suppliers | 440/4 | €86,254 | €134,436 | +€48,182 | +55.9% |
| Taxes, remuneration and social security | 45 | €9,007 | €17,535 | +€8,529 | +94.7% |
| Taxes | 450/3 | €23 | €4,223 | +€4,200 | +18,317% |
| Remuneration and social security | 454/9 | €8,984 | €13,312 | +€4,329 | +48.2% |
| Other amounts payable | 47/48 | €30,000 | €10,828 | -€19,172 | -63.9% |
| Accrued charges and deferred income | 492/3 | - | €610 | +€610 | |
| Remuneration, social security and pensions | 62 | €69,181 | €104,442 | +€35,261 | +51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,473 | €4,668 | +€1,195 | +34.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,899 | €1,106 | -€5,794 | -84.0% |
| Non-recurring operating charges | 66A | €0 | €5,237 | +€5,237 | |
| Gross operating margin | 9900 | €140,829 | €119,233 | -€21,596 | -15.3% |
| Operating profit (loss) | 9901 | €61,276 | €3,781 | -€57,495 | -93.8% |
| Financial income | 75/76B | €5,218 | €3,402 | -€1,816 | -34.8% |
| Recurring financial income | 75 | €5,218 | €3,402 | -€1,816 | -34.8% |
| Financial charges | 65/66B | €1,259 | €1,646 | +€386 | +30.7% |
| Recurring financial charges | 65 | €1,259 | €1,646 | +€386 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €65,234 | €5,537 | -€59,697 | -91.5% |
| Income taxes | 67/77 | €15,139 | €4,223 | -€10,917 | -72.1% |
| Profit (loss) for the period | 9904 | €50,095 | €1,314 | -€48,780 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,095 | €1,314 | -€48,780 | -97.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.