PHV Driving: 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.
PHV Driving
Largest movements
- Tangible fixed assets +€6,582
up €6,582 (+379.3%), from €1,735 to €8,317
- Cash -€5,309
down €5,309 (-11.3%), from €46,789 to €41,480
mainly Contributions, distributions and other (-€70,000) and Debts after one year (-€25,000)
- Other debts +€59,500
new in 2025: €59,500
- Reserves -€34,128
down €34,128 (-32.3%), from €105,523 to €71,395
- Debts after one year -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Gross operating margin -€2,129
down €2,129 (-4.2%), from €50,151 to €48,022
- Financial charges -€592
down €592 (-33.7%), from €1,758 to €1,166
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 | €173,524 | €174,797 | +€1,273 | +0.7% |
| Fixed assets | 21/28 | €126,735 | €133,317 | +€6,582 | +5.2% |
| Tangible fixed assets | 22/27 | €1,735 | €8,317 | +€6,582 | +379.3% |
| Furniture and vehicles | 24 | €1,735 | €8,317 | +€6,582 | +379.3% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €46,789 | €41,480 | -€5,309 | -11.3% |
| Cash at bank and in hand | 54/58 | €46,789 | €41,480 | -€5,309 | -11.3% |
| Total equity and liabilities | 10/49 | €173,524 | €174,797 | +€1,273 | +0.7% |
| Equity | 10/15 | €107,523 | €73,395 | -€34,128 | -31.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €105,523 | €71,395 | -€34,128 | -32.3% |
| Distributable reserves | 133 | €105,523 | €71,395 | -€34,128 | -32.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €66,002 | €101,402 | +€35,401 | +53.6% |
| Amounts payable after more than one year | 17 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Financial debts | 170/4 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Amounts payable within one year | 42/48 | €16,002 | €76,402 | +€60,401 | +377.5% |
| Trade debts | 44 | €1,160 | €1,276 | +€116 | +10.0% |
| Suppliers | 440/4 | €1,160 | €1,276 | +€116 | +10.0% |
| Taxes, remuneration and social security | 45 | €14,842 | €15,627 | +€785 | +5.3% |
| Taxes | 450/3 | €14,842 | €15,627 | +€785 | +5.3% |
| Other amounts payable | 47/48 | - | €59,500 | +€59,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €465 | €772 | +€307 | +66.1% |
| Other operating charges | 640/8 | €499 | €512 | +€12 | +2.5% |
| Gross operating margin | 9900 | €50,151 | €48,022 | -€2,129 | -4.2% |
| Operating profit (loss) | 9901 | €49,187 | €46,739 | -€2,448 | -5.0% |
| Financial charges | 65/66B | €1,758 | €1,166 | -€592 | -33.7% |
| Recurring financial charges | 65 | €1,758 | €1,166 | -€592 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €47,429 | €45,573 | -€1,856 | -3.9% |
| Income taxes | 67/77 | €10,070 | €9,701 | -€369 | -3.7% |
| Profit (loss) for the period | 9904 | €37,359 | €35,872 | -€1,487 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,359 | €35,872 | -€1,487 | -4.0% |
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 8 October 2026 via checked.be.