B-Phyks: 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.
B-Phyks
Largest movements
- Current investments +€31,667
up €31,667 (+126.7%), from €25,000 to €56,667
- Cash +€5,276
up €5,276 (+7.2%), from €72,982 to €78,259
mainly Net result for the year (+€43,829) and Depreciation (+€13,097)
- Receivables within one year +€2,727
up €2,727 (+747.2%), from €365 to €3,092
- Deferred charges and accrued income +€2,183
up €2,183 (+237.9%), from €918 to €3,100
- Reserves +€43,829
up €43,829 (+38.0%), from €115,481 to €159,309
- Debts after one year -€9,568
down €9,568 (-65.9%), from €14,518 to €4,950
- Other debts +€7,211
up €7,211 (+72.0%), from €10,015 to €17,226
- Tax, wage and social debts +€3,728
up €3,728 (+42.2%), from €8,831 to €12,559
- Trade debts -€2,156
down €2,156 (-94.1%), from €2,292 to €135
- Gross operating margin +€19,699
up €19,699 (+38.3%), from €51,425 to €71,124
- Taxes +€3,435
up €3,435 (+37.8%), from €9,096 to €12,531
- Other operating charges -€1,945
down €1,945 (-70.4%), from €2,762 to €817
- Depreciation +€986
up €986 (+8.1%), from €12,111 to €13,097
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 | €167,954 | €210,548 | +€42,594 | +25.4% |
| Fixed assets | 21/28 | €68,689 | €69,430 | +€742 | +1.1% |
| Tangible fixed assets | 22/27 | €68,689 | €69,430 | +€742 | +1.1% |
| Furniture and vehicles | 24 | €25,097 | €17,774 | -€7,323 | -29.2% |
| Other tangible fixed assets | 26 | €43,592 | €51,656 | +€8,064 | +18.5% |
| Current assets | 29/58 | €99,265 | €141,117 | +€41,852 | +42.2% |
| Amounts receivable within one year | 40/41 | €365 | €3,092 | +€2,727 | +747.2% |
| Trade receivables | 40 | €365 | €3,092 | +€2,727 | +747.2% |
| Current investments | 50/53 | €25,000 | €56,667 | +€31,667 | +126.7% |
| Cash at bank and in hand | 54/58 | €72,982 | €78,259 | +€5,276 | +7.2% |
| Deferred charges and accrued income | 490/1 | €918 | €3,100 | +€2,183 | +237.9% |
| Total equity and liabilities | 10/49 | €167,954 | €210,548 | +€42,594 | +25.4% |
| Equity | 10/15 | €120,481 | €164,309 | +€43,829 | +36.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €115,481 | €159,309 | +€43,829 | +38.0% |
| Distributable reserves | 133 | €115,481 | €159,309 | +€43,829 | +38.0% |
| Amounts payable | 17/49 | €47,473 | €46,238 | -€1,235 | -2.6% |
| Amounts payable after more than one year | 17 | €14,518 | €4,950 | -€9,568 | -65.9% |
| Financial debts | 170/4 | €14,518 | €4,950 | -€9,568 | -65.9% |
| Amounts payable within one year | 42/48 | €30,278 | €39,488 | +€9,210 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €9,141 | €9,568 | +€427 | +4.7% |
| Trade debts | 44 | €2,292 | €135 | -€2,156 | -94.1% |
| Suppliers | 440/4 | €2,292 | €135 | -€2,156 | -94.1% |
| Taxes, remuneration and social security | 45 | €8,831 | €12,559 | +€3,728 | +42.2% |
| Taxes | 450/3 | €8,831 | €12,559 | +€3,728 | +42.2% |
| Other amounts payable | 47/48 | €10,015 | €17,226 | +€7,211 | +72.0% |
| Accrued charges and deferred income | 492/3 | €2,676 | €1,800 | -€876 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,111 | €13,097 | +€986 | +8.1% |
| Other operating charges | 640/8 | €2,762 | €817 | -€1,945 | -70.4% |
| Gross operating margin | 9900 | €51,425 | €71,124 | +€19,699 | +38.3% |
| Operating profit (loss) | 9901 | €36,552 | €57,211 | +€20,659 | +56.5% |
| Financial income | 75/76B | €1,257 | €880 | -€378 | -30.0% |
| Recurring financial income | 75 | €1,257 | €880 | -€378 | -30.0% |
| Financial charges | 65/66B | €1,634 | €1,731 | +€97 | +5.9% |
| Recurring financial charges | 65 | €1,634 | €1,731 | +€97 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €36,175 | €56,360 | +€20,184 | +55.8% |
| Income taxes | 67/77 | €9,096 | €12,531 | +€3,435 | +37.8% |
| Profit (loss) for the period | 9904 | €27,080 | €43,829 | +€16,749 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,080 | €43,829 | +€16,749 | +61.9% |
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 7 October 2026 via checked.be.