PM PHH: 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.
PM PHH
Largest movements
- Tangible fixed assets -€26,090
down €26,090 (-21.1%), from €123,398 to €97,308
of which Furniture and vehicles: -€14,197
- Receivables within one year +€9,288
up €9,288 (+54.4%), from €17,089 to €26,377
of which Trade receivables: +€22,848
- Deferred charges and accrued income +€3,766
up €3,766 (+357.2%), from €1,054 to €4,821
- Cash +€3,673
up €3,673 (+13.4%), from €27,452 to €31,125
mainly Depreciation (+€24,936) and Trade debts (+€8,039)
- Stocks and contracts -€3,557
down €3,557 (-3.5%), from €101,211 to €97,654
- Other debts -€21,355
down €21,355 (-51.2%), from €41,711 to €20,357
- Trade debts +€8,039
up €8,039 (+4.2%), from €189,504 to €197,543
- Tax, wage and social debts -€5,199
down €5,199 (-16.4%), from €31,625 to €26,427
of which Taxes: -€7,815
- Profit (loss) carried forward +€3,595
up €3,595 (+13.0%), from €27,738 to €31,333
- Staff costs +€49,689
up €49,689 (+58.2%), from €85,342 to €135,031
- Gross operating margin +€42,933
up €42,933 (+28.7%), from €149,807 to €192,741
- Financial charges +€8,106
up €8,106 (+91.0%), from €8,912 to €17,018
- Other operating charges +€6,389
up €6,389 (+192.4%), from €3,321 to €9,710
- Depreciation +€6,020
up €6,020 (+31.8%), from €18,915 to €24,936
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 | €315,578 | €300,659 | -€14,920 | -4.7% |
| Fixed assets | 21/28 | €168,772 | €140,682 | -€28,090 | -16.6% |
| Intangible fixed assets | 21 | €18,039 | €16,039 | -€2,000 | -11.1% |
| Tangible fixed assets | 22/27 | €123,398 | €97,308 | -€26,090 | -21.1% |
| Plant, machinery and equipment | 23 | €15,958 | €10,031 | -€5,927 | -37.1% |
| Furniture and vehicles | 24 | €33,969 | €19,772 | -€14,197 | -41.8% |
| Other tangible fixed assets | 26 | €73,471 | €67,505 | -€5,966 | -8.1% |
| Financial fixed assets | 28 | €27,335 | €27,335 | = | 0.0% |
| Current assets | 29/58 | €146,806 | €159,977 | +€13,171 | +9.0% |
| Stocks and contracts in progress | 3 | €101,211 | €97,654 | -€3,557 | -3.5% |
| Stocks | 30/36 | €101,211 | €97,654 | -€3,557 | -3.5% |
| Amounts receivable within one year | 40/41 | €17,089 | €26,377 | +€9,288 | +54.4% |
| Trade receivables | 40 | - | €22,848 | +€22,848 | |
| Other amounts receivable | 41 | €17,089 | €3,530 | -€13,559 | -79.3% |
| Cash at bank and in hand | 54/58 | €27,452 | €31,125 | +€3,673 | +13.4% |
| Deferred charges and accrued income | 490/1 | €1,054 | €4,821 | +€3,766 | +357.2% |
| Total equity and liabilities | 10/49 | €315,578 | €300,659 | -€14,920 | -4.7% |
| Equity | 10/15 | €52,738 | €56,333 | +€3,595 | +6.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,738 | €31,333 | +€3,595 | +13.0% |
| Amounts payable | 17/49 | €262,841 | €244,326 | -€18,515 | -7.0% |
| Amounts payable within one year | 42/48 | €262,841 | €244,326 | -€18,515 | -7.0% |
| Trade debts | 44 | €189,504 | €197,543 | +€8,039 | +4.2% |
| Suppliers | 440/4 | €189,504 | €197,543 | +€8,039 | +4.2% |
| Taxes, remuneration and social security | 45 | €31,625 | €26,427 | -€5,199 | -16.4% |
| Taxes | 450/3 | €16,898 | €9,083 | -€7,815 | -46.2% |
| Remuneration and social security | 454/9 | €14,727 | €17,344 | +€2,616 | +17.8% |
| Other amounts payable | 47/48 | €41,711 | €20,357 | -€21,355 | -51.2% |
| Remuneration, social security and pensions | 62 | €85,342 | €135,031 | +€49,689 | +58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,915 | €24,936 | +€6,020 | +31.8% |
| Other operating charges | 640/8 | €3,321 | €9,710 | +€6,389 | +192.4% |
| Gross operating margin | 9900 | €149,807 | €192,741 | +€42,933 | +28.7% |
| Operating profit (loss) | 9901 | €42,230 | €23,064 | -€19,165 | -45.4% |
| Financial income | 75/76B | - | €662 | +€662 | |
| Recurring financial income | 75 | - | €662 | +€662 | |
| Financial charges | 65/66B | €8,912 | €17,018 | +€8,106 | +91.0% |
| Recurring financial charges | 65 | €8,912 | €17,018 | +€8,106 | +91.0% |
| Profit (loss) for the period before taxes | 9903 | €33,318 | €6,708 | -€26,609 | -79.9% |
| Income taxes | 67/77 | €5,580 | €3,113 | -€2,467 | -44.2% |
| Profit (loss) for the period | 9904 | €27,738 | €3,595 | -€24,143 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,738 | €3,595 | -€24,143 | -87.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.