PhV Managimmo: 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 Managimmo
Largest movements
- Financial fixed assets +€25,000
new in 2025: €25,000
- Receivables within one year -€16,975
down €16,975 (-62.3%), from €27,260 to €10,285
of which Trade receivables: -€16,940
- Tangible fixed assets -€2,816
down €2,816 (-54.3%), from €5,188 to €2,372
- Cash +€2,146
new in 2025: €2,146
mainly Other debts (+€26,326) and Receivables within one year (+€16,975)
- Other debts +€26,326
up €26,326 (+350%), from €7,516 to €33,842
- Short-term financial debts -€20,761
no longer reported in 2025 (was €20,761)
- Profit (loss) carried forward +€4,915
up €4,915 (+28.8%), from -€17,058 to -€12,143
- Trade debts -€2,401
down €2,401 (-86.5%), from €2,775 to €374
- Tax, wage and social debts -€1,684
down €1,684 (-16.6%), from €10,115 to €8,431
of which Remuneration and social security: -€2,000
- Depreciation +€263
up €263 (+10.3%), from €2,553 to €2,816
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 | €33,388 | €40,746 | +€7,359 | +22.0% |
| Fixed assets | 21/28 | €5,188 | €27,372 | +€22,184 | +428% |
| Tangible fixed assets | 22/27 | €5,188 | €2,372 | -€2,816 | -54.3% |
| Furniture and vehicles | 24 | €5,188 | €2,372 | -€2,816 | -54.3% |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €28,200 | €13,374 | -€14,826 | -52.6% |
| Amounts receivable within one year | 40/41 | €27,260 | €10,285 | -€16,975 | -62.3% |
| Trade receivables | 40 | €27,225 | €10,285 | -€16,940 | -62.2% |
| Other amounts receivable | 41 | €35 | - | -€35 | |
| Cash at bank and in hand | 54/58 | - | €2,146 | +€2,146 | |
| Deferred charges and accrued income | 490/1 | €940 | €943 | +€4 | +0.4% |
| Total equity and liabilities | 10/49 | €33,388 | €40,746 | +€7,359 | +22.0% |
| Equity | 10/15 | -€9,003 | -€4,088 | +€4,915 | +54.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,058 | -€12,143 | +€4,915 | +28.8% |
| Amounts payable | 17/49 | €42,391 | €44,835 | +€2,444 | +5.8% |
| Amounts payable within one year | 42/48 | €41,167 | €42,648 | +€1,480 | +3.6% |
| Financial debts | 43 | €20,761 | - | -€20,761 | |
| Credit institutions | 430/8 | €20,761 | - | -€20,761 | |
| Trade debts | 44 | €2,775 | €374 | -€2,401 | -86.5% |
| Suppliers | 440/4 | €2,775 | €374 | -€2,401 | -86.5% |
| Taxes, remuneration and social security | 45 | €10,115 | €8,431 | -€1,684 | -16.6% |
| Taxes | 450/3 | €8,115 | €8,431 | +€316 | +3.9% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €7,516 | €33,842 | +€26,326 | +350% |
| Accrued charges and deferred income | 492/3 | €1,223 | €2,187 | +€964 | +78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,553 | €2,816 | +€263 | +10.3% |
| Other operating charges | 640/8 | €965 | €994 | +€30 | +3.1% |
| Non-recurring operating charges | 66A | €771 | - | -€771 | |
| Gross operating margin | 9900 | €12,001 | €12,106 | +€105 | +0.9% |
| Operating profit (loss) | 9901 | €7,713 | €8,296 | +€583 | +7.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,811 | €2,911 | +€100 | +3.5% |
| Recurring financial charges | 65 | €2,811 | €2,911 | +€100 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €4,902 | €5,385 | +€483 | +9.9% |
| Income taxes | 67/77 | €366 | €470 | +€105 | +28.6% |
| Profit (loss) for the period | 9904 | €4,536 | €4,915 | +€379 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,536 | €4,915 | +€379 | +8.3% |
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 17 October 2026 via checked.be.