DAS PHANTOM: 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.
DAS PHANTOM
Largest movements
- Cash -€33,260
down €33,260 (-88.1%), from €37,740 to €4,480
mainly Net result for the year (-€50,745) and Tax, wage and social debts (-€2,852)
- Receivables within one year +€1,096
new in 2025: €1,096
- Tangible fixed assets -€904
down €904 (-39.3%), from €2,302 to €1,398
- Profit (loss) carried forward -€50,745
new in 2025: -€50,745
- Other debts +€19,446
up €19,446 (+313.2%), from €6,209 to €25,655
- Tax, wage and social debts -€2,852
down €2,852 (-29.4%), from €9,690 to €6,838
- Trade debts +€1,090
up €1,090 (+32.1%), from €3,398 to €4,488
- Gross operating margin -€68,720
down €68,720, from €23,237 to -€45,483
- Taxes -€6,438
down €6,438 (-97.0%), from €6,638 to €200
- Financial charges +€3,516
up €3,516 (+1687.3%), from €208 to €3,724
- Depreciation +€494
up €494 (+120.5%), from €410 to €904
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 | €40,228 | €7,168 | -€33,060 | -82.2% |
| Fixed assets | 21/28 | €2,302 | €1,398 | -€904 | -39.3% |
| Tangible fixed assets | 22/27 | €2,302 | €1,398 | -€904 | -39.3% |
| Furniture and vehicles | 24 | €2,302 | €1,398 | -€904 | -39.3% |
| Current assets | 29/58 | €37,926 | €5,770 | -€32,156 | -84.8% |
| Amounts receivable within one year | 40/41 | - | €1,096 | +€1,096 | |
| Other amounts receivable | 41 | - | €1,096 | +€1,096 | |
| Cash at bank and in hand | 54/58 | €37,740 | €4,480 | -€33,260 | -88.1% |
| Deferred charges and accrued income | 490/1 | €186 | €194 | +€8 | +4.2% |
| Total equity and liabilities | 10/49 | €40,228 | €7,168 | -€33,060 | -82.2% |
| Equity | 10/15 | €20,931 | -€29,814 | -€50,745 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,931 | €15,931 | = | 0.0% |
| Distributable reserves | 133 | €15,931 | €15,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€50,745 | -€50,745 | |
| Amounts payable | 17/49 | €19,297 | €36,982 | +€17,684 | +91.6% |
| Amounts payable within one year | 42/48 | €19,297 | €36,982 | +€17,684 | +91.6% |
| Trade debts | 44 | €3,398 | €4,488 | +€1,090 | +32.1% |
| Suppliers | 440/4 | €3,398 | €4,488 | +€1,090 | +32.1% |
| Taxes, remuneration and social security | 45 | €9,690 | €6,838 | -€2,852 | -29.4% |
| Taxes | 450/3 | €9,690 | €6,838 | -€2,852 | -29.4% |
| Other amounts payable | 47/48 | €6,209 | €25,655 | +€19,446 | +313.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €410 | €904 | +€494 | +120.5% |
| Other operating charges | 640/8 | €50 | €434 | +€384 | +767.5% |
| Gross operating margin | 9900 | €23,237 | -€45,483 | -€68,720 | |
| Operating profit (loss) | 9901 | €22,777 | -€46,820 | -€69,598 | |
| Financial charges | 65/66B | €208 | €3,724 | +€3,516 | +1687.3% |
| Recurring financial charges | 65 | €208 | €3,724 | +€3,516 | +1687.3% |
| Profit (loss) for the period before taxes | 9903 | €22,569 | -€50,545 | -€73,114 | |
| Income taxes | 67/77 | €6,638 | €200 | -€6,438 | -97.0% |
| Profit (loss) for the period | 9904 | €15,931 | -€50,745 | -€66,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,931 | -€50,745 | -€66,675 |
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.