De Phonograaf: 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.
De Phonograaf
Largest movements
- Tangible fixed assets -€11,156
down €11,156 (-9.7%), from €115,016 to €103,860
of which Land and buildings: -€10,404
- Cash -€6,689
down €6,689 (-32.7%), from €20,435 to €13,747
mainly Net result for the year (-€16,596) and Investment in fixed assets (net) (-€11,768)
- Stocks and contracts -€2,378
down €2,378 (-62.4%), from €3,808 to €1,430
- Profit (loss) carried forward -€16,596
down €16,596 (-62.0%), from €26,786 to €10,189
- Debts after one year -€10,670
down €10,670 (-18.3%), from €58,212 to €47,542
- Other debts +€5,781
up €5,781 (+27.4%), from €21,098 to €26,879
- Current portion of long-term debt +€3,520
up €3,520 (+58.9%), from €5,980 to €9,500
- Gross operating margin -€23,418
down €23,418 (-68.9%), from €33,997 to €10,579
- Depreciation +€4,553
up €4,553 (+24.8%), from €18,371 to €22,924
- Financial charges -€670
down €670 (-25.2%), from €2,663 to €1,993
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.
Derived cash bridge
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 | €139,516 | €120,328 | -€19,188 | -13.8% |
| Fixed assets | 21/28 | €115,016 | €103,860 | -€11,156 | -9.7% |
| Tangible fixed assets | 22/27 | €115,016 | €103,860 | -€11,156 | -9.7% |
| Land and buildings | 22 | €88,416 | €78,012 | -€10,404 | -11.8% |
| Plant, machinery and equipment | 23 | €12,910 | €11,295 | -€1,615 | -12.5% |
| Furniture and vehicles | 24 | €13,690 | €14,553 | +€863 | +6.3% |
| Current assets | 29/58 | €24,501 | €16,468 | -€8,033 | -32.8% |
| Stocks and contracts in progress | 3 | €3,808 | €1,430 | -€2,378 | -62.4% |
| Stocks | 30/36 | €3,808 | €1,430 | -€2,378 | -62.4% |
| Amounts receivable within one year | 40/41 | €257 | €1,291 | +€1,034 | +402% |
| Other amounts receivable | 41 | €257 | €1,291 | +€1,034 | +402% |
| Cash at bank and in hand | 54/58 | €20,435 | €13,747 | -€6,689 | -32.7% |
| Total equity and liabilities | 10/49 | €139,516 | €120,328 | -€19,188 | -13.8% |
| Equity | 10/15 | €47,246 | €30,649 | -€16,596 | -35.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,786 | €10,189 | -€16,596 | -62.0% |
| Amounts payable | 17/49 | €92,271 | €89,679 | -€2,592 | -2.8% |
| Amounts payable after more than one year | 17 | €58,212 | €47,542 | -€10,670 | -18.3% |
| Financial debts | 170/4 | €58,212 | €47,542 | -€10,670 | -18.3% |
| Amounts payable within one year | 42/48 | €34,059 | €42,137 | +€8,078 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €5,980 | €9,500 | +€3,520 | +58.9% |
| Trade debts | 44 | €3,853 | €3,102 | -€751 | -19.5% |
| Suppliers | 440/4 | €3,853 | €3,102 | -€751 | -19.5% |
| Taxes, remuneration and social security | 45 | €3,128 | €2,656 | -€472 | -15.1% |
| Taxes | 450/3 | €3,128 | €2,656 | -€472 | -15.1% |
| Other amounts payable | 47/48 | €21,098 | €26,879 | +€5,781 | +27.4% |
| Remuneration, social security and pensions | 62 | €630 | €397 | -€232 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,371 | €22,924 | +€4,553 | +24.8% |
| Other operating charges | 640/8 | €2,033 | €1,861 | -€172 | -8.4% |
| Gross operating margin | 9900 | €33,997 | €10,579 | -€23,418 | -68.9% |
| Operating profit (loss) | 9901 | €12,964 | -€14,603 | -€27,567 | |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €2,663 | €1,993 | -€670 | -25.2% |
| Recurring financial charges | 65 | €2,663 | €1,993 | -€670 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €10,327 | -€16,596 | -€26,923 | |
| Profit (loss) for the period | 9904 | €10,327 | -€16,596 | -€26,923 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,327 | -€16,596 | -€26,923 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.