PHVE: 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.
PHVE
Largest movements
- Receivables within one year -€190,937
down €190,937 (-23.3%), from €819,490 to €628,552
of which Trade receivables: -€319,085
- Deferred charges and accrued income -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€49,354
up €49,354 (+173.7%), from €28,415 to €77,768
mainly Receivables within one year (+€190,937) and Deferred charges and accrued income (+€100,000)
- Other debts -€188,825
down €188,825 (-42.6%), from €442,771 to €253,945
- Trade debts -€122,953
down €122,953 (-53.2%), from €231,110 to €108,157
- Profit (loss) carried forward +€68,095
up €68,095 (+26.7%), from €254,977 to €323,072
- Gross operating margin +€147,682
up €147,682, from -€64,133 to €83,550
- Taxes +€11,113
up €11,113 (+9007.3%), from €123 to €11,237
- Financial charges +€2,457
up €2,457 (+362.2%), from €678 to €3,135
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 | €947,904 | €706,321 | -€241,584 | -25.5% |
| Current assets | 29/58 | €947,904 | €706,321 | -€241,584 | -25.5% |
| Amounts receivable within one year | 40/41 | €819,490 | €628,552 | -€190,937 | -23.3% |
| Trade receivables | 40 | €394,598 | €75,513 | -€319,085 | -80.9% |
| Other amounts receivable | 41 | €424,892 | €553,040 | +€128,148 | +30.2% |
| Cash at bank and in hand | 54/58 | €28,415 | €77,768 | +€49,354 | +173.7% |
| Deferred charges and accrued income | 490/1 | €100,000 | €0 | -€100,000 | -100.0% |
| Total equity and liabilities | 10/49 | €947,904 | €706,321 | -€241,584 | -25.5% |
| Equity | 10/15 | €274,024 | €342,118 | +€68,095 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €446 | €446 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €446 | €446 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,977 | €323,072 | +€68,095 | +26.7% |
| Amounts payable | 17/49 | €673,881 | €364,202 | -€309,678 | -46.0% |
| Amounts payable within one year | 42/48 | €673,881 | €364,202 | -€309,678 | -46.0% |
| Trade debts | 44 | €231,110 | €108,157 | -€122,953 | -53.2% |
| Suppliers | 440/4 | €231,110 | €108,157 | -€122,953 | -53.2% |
| Taxes, remuneration and social security | 45 | €0 | €2,100 | +€2,100 | |
| Taxes | 450/3 | €0 | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €442,771 | €253,945 | -€188,825 | -42.6% |
| Other operating charges | 640/8 | €1,006 | €1,084 | +€78 | +7.8% |
| Gross operating margin | 9900 | -€64,133 | €83,550 | +€147,682 | |
| Operating profit (loss) | 9901 | -€65,138 | €82,466 | +€147,604 | |
| Financial charges | 65/66B | €678 | €3,135 | +€2,457 | +362.2% |
| Recurring financial charges | 65 | €678 | €3,135 | +€2,457 | +362.2% |
| Profit (loss) for the period before taxes | 9903 | -€65,817 | €79,331 | +€145,148 | |
| Income taxes | 67/77 | €123 | €11,237 | +€11,113 | +9007.3% |
| Profit (loss) for the period | 9904 | -€65,940 | €68,095 | +€134,035 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,940 | €68,095 | +€134,035 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.