PHX Drive & Support: 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.
PHX Drive & Support
Largest movements
- Cash +€2,816
up €2,816 (+12.3%), from €22,845 to €25,662
mainly Depreciation (+€18,012) and Current portion of long-term debt (+€6,147)
- Receivables within one year +€2,628
up €2,628 (+12.3%), from €21,418 to €24,046
of which Trade receivables: +€4,401
- Tangible fixed assets +€1,720
up €1,720 (+4.9%), from €35,332 to €37,051
of which Plant, machinery and equipment: +€11,415
- Other debts -€16,755
down €16,755 (-59.8%), from €27,995 to €11,241
- Current portion of long-term debt +€6,147
up €6,147 (+157.7%), from €3,898 to €10,045
- Debts after one year +€4,672
up €4,672 (+34.6%), from €13,505 to €18,177
- Trade debts +€4,609
up €4,609 (+42.6%), from €10,807 to €15,416
- Reserves +€4,505
up €4,505 (+26.3%), from €17,102 to €21,607
- Gross operating margin -€4,408
down €4,408 (-13.4%), from €32,796 to €28,387
- Staff costs -€2,446
no longer reported in 2025 (was €2,446)
- Financial charges +€2,384
up €2,384 (+308.9%), from €772 to €3,155
- Taxes -€1,029
down €1,029 (-31.3%), from €3,291 to €2,261
- Other operating charges -€469
down €469 (-50.8%), from €924 to €455
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 | €79,596 | €86,760 | +€7,164 | +9.0% |
| Fixed assets | 21/28 | €35,333 | €37,052 | +€1,720 | +4.9% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €35,332 | €37,051 | +€1,720 | +4.9% |
| Land and buildings | 22 | - | €7,675 | +€7,675 | |
| Plant, machinery and equipment | 23 | €2,971 | €14,385 | +€11,415 | +384.2% |
| Furniture and vehicles | 24 | €32,361 | €14,991 | -€17,370 | -53.7% |
| Current assets | 29/58 | €44,263 | €49,708 | +€5,445 | +12.3% |
| Amounts receivable within one year | 40/41 | €21,418 | €24,046 | +€2,628 | +12.3% |
| Trade receivables | 40 | €19,646 | €24,046 | +€4,401 | +22.4% |
| Other amounts receivable | 41 | €1,772 | - | -€1,772 | |
| Cash at bank and in hand | 54/58 | €22,845 | €25,662 | +€2,816 | +12.3% |
| Total equity and liabilities | 10/49 | €79,596 | €86,760 | +€7,164 | +9.0% |
| Equity | 10/15 | €20,102 | €24,607 | +€4,505 | +22.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,102 | €21,607 | +€4,505 | +26.3% |
| Distributable reserves | 133 | €17,102 | €21,607 | +€4,505 | +26.3% |
| Amounts payable | 17/49 | €59,494 | €62,154 | +€2,660 | +4.5% |
| Amounts payable after more than one year | 17 | €13,505 | €18,177 | +€4,672 | +34.6% |
| Financial debts | 170/4 | €13,505 | €18,177 | +€4,672 | +34.6% |
| Amounts payable within one year | 42/48 | €45,989 | €43,976 | -€2,013 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €3,898 | €10,045 | +€6,147 | +157.7% |
| Trade debts | 44 | €10,807 | €15,416 | +€4,609 | +42.6% |
| Suppliers | 440/4 | €10,807 | €15,416 | +€4,609 | +42.6% |
| Taxes, remuneration and social security | 45 | €3,288 | €7,274 | +€3,986 | +121.2% |
| Taxes | 450/3 | €3,288 | €7,274 | +€3,986 | +121.2% |
| Other amounts payable | 47/48 | €27,995 | €11,241 | -€16,755 | -59.8% |
| Remuneration, social security and pensions | 62 | €2,446 | - | -€2,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,870 | €18,012 | +€142 | +0.8% |
| Other operating charges | 640/8 | €924 | €455 | -€469 | -50.8% |
| Gross operating margin | 9900 | €32,796 | €28,387 | -€4,408 | -13.4% |
| Operating profit (loss) | 9901 | €11,556 | €9,921 | -€1,635 | -14.1% |
| Financial income | 75/76B | €62 | - | -€62 | |
| Recurring financial income | 75 | €62 | - | -€62 | |
| Financial charges | 65/66B | €772 | €3,155 | +€2,384 | +308.9% |
| Recurring financial charges | 65 | €772 | €3,155 | +€2,384 | +308.9% |
| Profit (loss) for the period before taxes | 9903 | €10,846 | €6,766 | -€4,080 | -37.6% |
| Income taxes | 67/77 | €3,291 | €2,261 | -€1,029 | -31.3% |
| Profit (loss) for the period | 9904 | €7,555 | €4,505 | -€3,051 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,555 | €4,505 | -€3,051 | -40.4% |
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 11 October 2026 via checked.be.