PHI-SERVICES: what changed
What changed
PHI-SERVICES
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€45,472
2024 · €51,529-€6,057
Equity
€227,229
2024 · €181,757+€45,472
Cash
€155,755
2024 · €156,517-€762
Balance sheet total
€853,706
2024 · €218,592+€635,114
Largest movements
Assets
- Tangible fixed assets +€625,882
up €625,882 (+50,513%), from €1,239 to €627,121
of which Land and buildings: +€581,532
- Receivables within one year +€8,985
up €8,985 (+17.7%), from €50,734 to €59,719
of which Other amounts receivable: +€9,323
Equity and liabilities
- Debts after one year +€469,350
new in 2025: €469,350
- Other debts +€85,430
up €85,430 (+505%), from €16,923 to €102,353
- Reserves +€45,472
up €45,472 (+27.9%), from €163,157 to €208,629
of which Distributable reserves: +€45,472
- Current portion of long-term debt +€26,343
new in 2025: €26,343
Income statement
- Depreciation +€24,622
up €24,622 (+2,668%), from €923 to €25,545
- Gross operating margin +€22,599
up €22,599 (+31.0%), from €72,879 to €95,478
- Financial charges +€3,739
up €3,739 (+116%), from €3,229 to €6,968
- Other operating charges +€2,326
up €2,326 (+129%), from €1,807 to €4,133
- Taxes -€1,990
down €1,990 (-11.6%), from €17,126 to €15,137
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€51,529
Gross operating margin
+€22,599
Depreciation
-€24,622
Other operating charges
-€2,326
Financial income
+€42
Financial charges
-€3,739
Taxes
+€1,990
Result 2025
€45,472
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€154,972
Investment
-€651,427
Financing
+€495,693
Cash 2024
€156,517
From operations (derived)
+€154,972
Net result for the year
+€45,472
Depreciation
+€25,545
Receivables within one year
-€8,985
Deferred charges and accrued income
-€1,009
Trade debts
+€3,033
Tax, wage and social debts
+€2,666
Other debts
+€85,430
Accrued charges and deferred income
+€2,819
Investment (derived)
-€651,427
Investment in fixed assets (net)
-€651,427
Financing
+€495,693
Debts after one year
+€469,350
Current portion of long-term debt
+€26,343
Cash 2025
€155,755
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,592 | €853,706 | +€635,114 | +291% |
| Fixed assets | 21/28 | €1,529 | €627,411 | +€625,882 | +40,933% |
| Tangible fixed assets | 22/27 | €1,239 | €627,121 | +€625,882 | +50,513% |
| Land and buildings | 22 | - | €581,532 | +€581,532 | |
| Plant, machinery and equipment | 23 | - | €34,051 | +€34,051 | |
| Furniture and vehicles | 24 | €1,239 | €11,538 | +€10,299 | +831% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €217,063 | €226,294 | +€9,232 | +4.3% |
| Amounts receivable within one year | 40/41 | €50,734 | €59,719 | +€8,985 | +17.7% |
| Trade receivables | 40 | €21,816 | €21,478 | -€339 | -1.6% |
| Other amounts receivable | 41 | €28,918 | €38,241 | +€9,323 | +32.2% |
| Cash at bank and in hand | 54/58 | €156,517 | €155,755 | -€762 | -0.5% |
| Deferred charges and accrued income | 490/1 | €9,812 | €10,821 | +€1,009 | +10.3% |
| Total equity and liabilities | 10/49 | €218,592 | €853,706 | +€635,114 | +291% |
| Equity | 10/15 | €181,757 | €227,229 | +€45,472 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,157 | €208,629 | +€45,472 | +27.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €161,297 | €206,769 | +€45,472 | +28.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €36,835 | €626,477 | +€589,642 | +1,601% |
| Amounts payable after more than one year | 17 | - | €469,350 | +€469,350 | |
| Financial debts | 170/4 | - | €469,350 | +€469,350 | |
| Amounts payable within one year | 42/48 | €34,282 | €151,754 | +€117,472 | +343% |
| Current portion of amounts payable after more than one year | 42 | - | €26,343 | +€26,343 | |
| Trade debts | 44 | €515 | €3,548 | +€3,033 | +589% |
| Suppliers | 440/4 | €515 | €3,548 | +€3,033 | +589% |
| Taxes, remuneration and social security | 45 | €16,844 | €19,510 | +€2,666 | +15.8% |
| Taxes | 450/3 | €16,844 | €19,510 | +€2,666 | +15.8% |
| Other amounts payable | 47/48 | €16,923 | €102,353 | +€85,430 | +505% |
| Accrued charges and deferred income | 492/3 | €2,553 | €5,372 | +€2,819 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €923 | €25,545 | +€24,622 | +2,668% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,807 | €4,133 | +€2,326 | +129% |
| Gross operating margin | 9900 | €72,879 | €95,478 | +€22,599 | +31.0% |
| Operating profit (loss) | 9901 | €70,149 | €65,800 | -€4,349 | -6.2% |
| Financial income | 75/76B | €1,735 | €1,777 | +€42 | +2.4% |
| Recurring financial income | 75 | €1,735 | €1,777 | +€42 | +2.4% |
| Financial charges | 65/66B | €3,229 | €6,968 | +€3,739 | +116% |
| Recurring financial charges | 65 | €3,229 | €6,968 | +€3,739 | +116% |
| Profit (loss) for the period before taxes | 9903 | €68,656 | €60,609 | -€8,047 | -11.7% |
| Income taxes | 67/77 | €17,126 | €15,137 | -€1,990 | -11.6% |
| Profit (loss) for the period | 9904 | €51,529 | €45,472 | -€6,057 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,529 | €45,472 | -€6,057 | -11.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.