PPH: 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.
PPH
Largest movements
- Cash +€52,889
up €52,889 (+58.7%), from €90,078 to €142,967
mainly Depreciation (+€40,456) and Net result for the year (+€23,225)
- Tangible fixed assets -€12,456
down €12,456 (-9.7%), from €127,768 to €115,312
of which Furniture and vehicles: -€29,952
- Profit (loss) carried forward +€23,225
up €23,225 (+5.2%), from €450,723 to €473,948
- Tax, wage and social debts +€12,559
up €12,559 (+328.8%), from €3,819 to €16,378
of which Taxes: +€12,991
- Trade debts +€8,454
up €8,454 (+14894.7%), from €57 to €8,511
- Gross operating margin +€24,986
up €24,986 (+33.7%), from €74,180 to €99,166
- Turnover +€16,161
up €16,161 (+6.5%), from €247,061 to €263,221
- Purchases and services -€8,825
down €8,825 (-5.1%), from €172,881 to €164,056
- Taxes +€7,373
up €7,373 (+126.5%), from €5,827 to €13,199
- Depreciation +€5,956
up €5,956 (+17.3%), from €34,500 to €40,456
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 | €522,770 | €567,008 | +€44,238 | +8.5% |
| Fixed assets | 21/28 | €127,840 | €115,384 | -€12,456 | -9.7% |
| Tangible fixed assets | 22/27 | €127,768 | €115,312 | -€12,456 | -9.7% |
| Plant, machinery and equipment | 23 | €7,722 | €25,218 | +€17,495 | +226.6% |
| Furniture and vehicles | 24 | €120,046 | €90,094 | -€29,952 | -25.0% |
| Financial fixed assets | 28 | €72 | €72 | = | 0.0% |
| Current assets | 29/58 | €394,930 | €451,624 | +€56,695 | +14.4% |
| Amounts receivable within one year | 40/41 | €299,007 | €303,068 | +€4,062 | +1.4% |
| Trade receivables | 40 | €69,127 | €73,906 | +€4,779 | +6.9% |
| Other amounts receivable | 41 | €229,880 | €229,162 | -€718 | -0.3% |
| Cash at bank and in hand | 54/58 | €90,078 | €142,967 | +€52,889 | +58.7% |
| Deferred charges and accrued income | 490/1 | €5,845 | €5,589 | -€256 | -4.4% |
| Total equity and liabilities | 10/49 | €522,770 | €567,008 | +€44,238 | +8.5% |
| Equity | 10/15 | €518,894 | €542,119 | +€23,225 | +4.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €450,723 | €473,948 | +€23,225 | +5.2% |
| Amounts payable | 17/49 | €3,876 | €24,889 | +€21,013 | +542.1% |
| Amounts payable within one year | 42/48 | €3,876 | €24,889 | +€21,013 | +542.1% |
| Trade debts | 44 | €57 | €8,511 | +€8,454 | +14894.7% |
| Suppliers | 440/4 | €57 | €8,511 | +€8,454 | +14894.7% |
| Taxes, remuneration and social security | 45 | €3,819 | €16,378 | +€12,559 | +328.8% |
| Taxes | 450/3 | €1,095 | €14,086 | +€12,991 | +1186.2% |
| Remuneration and social security | 454/9 | €2,724 | €2,292 | -€432 | -15.9% |
| Turnover | 70 | €247,061 | €263,221 | +€16,161 | +6.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €172,881 | €164,056 | -€8,825 | -5.1% |
| Remuneration, social security and pensions | 62 | €17,128 | €16,979 | -€148 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,500 | €40,456 | +€5,956 | +17.3% |
| Other operating charges | 640/8 | €2,398 | €3,329 | +€932 | +38.9% |
| Gross operating margin | 9900 | €74,180 | €99,166 | +€24,986 | +33.7% |
| Operating profit (loss) | 9901 | €20,154 | €38,401 | +€18,247 | +90.5% |
| Financial income | 75/76B | €1,538 | €1,803 | +€265 | +17.2% |
| Recurring financial income | 75 | €1,538 | €1,803 | +€265 | +17.2% |
| Financial charges | 65/66B | €633 | €3,779 | +€3,146 | +497.2% |
| Recurring financial charges | 65 | €633 | €445 | -€188 | -29.6% |
| Non-recurring financial charges | 66B | - | €3,334 | +€3,334 | |
| Profit (loss) for the period before taxes | 9903 | €21,059 | €36,425 | +€15,365 | +73.0% |
| Income taxes | 67/77 | €5,827 | €13,199 | +€7,373 | +126.5% |
| Profit (loss) for the period | 9904 | €15,233 | €23,225 | +€7,993 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,233 | €23,225 | +€7,993 | +52.5% |
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 4 October 2026 via checked.be.