ETABLISSEMENTS PHALEMPIN: what changed
What changed
ETABLISSEMENTS PHALEMPIN
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€2,517
2024 · €2,680-€163
Equity
€11,554
2024 · €9,037+€2,517
Cash
€8,743
2024 · €2,371+€6,373
Balance sheet total
€137,423
2024 · €85,138+€52,285
Largest movements
Assets
- Receivables within one year +€37,886
up €37,886 (+66.6%), from €56,871 to €94,757
of which Trade receivables: +€31,092
- Cash +€6,373
up €6,373 (+269%), from €2,371 to €8,743
mainly Trade debts (+€59,178) and Debts after one year (+€14,093)
- Tangible fixed assets +€5,199
up €5,199 (+24.7%), from €21,005 to €26,204
of which Furniture and vehicles: +€5,493
- Deferred charges and accrued income +€2,827
up €2,827 (+62.4%), from €4,528 to €7,355
Equity and liabilities
- Trade debts +€59,178
up €59,178 (+1,383%), from €4,278 to €63,456
- Short-term financial debts -€20,425
down €20,425 (-59.4%), from €34,409 to €13,984
- Debts after one year +€14,093
new in 2025: €14,093
- Current portion of long-term debt +€4,750
new in 2025: €4,750
- Tax, wage and social debts -€4,598
down €4,598 (-73.8%), from €6,234 to €1,636
of which Taxes: -€5,345
Income statement
- Gross operating margin +€63,289
up €63,289 (+787%), from €8,039 to €71,328
- Staff costs +€58,270
new in 2025: €58,270
- Financial charges +€2,670
up €2,670 (+134%), from €2,000 to €4,670
- Depreciation +€2,349
up €2,349 (+85.5%), from €2,749 to €5,098
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
€2,680
Gross operating margin
+€63,289
Staff costs
-€58,270
Depreciation
-€2,349
Other operating charges
-€284
Financial income
-€18
Financial charges
-€2,670
Taxes
+€140
Result 2025
€2,517
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
+€18,252
Investment
-€10,297
Financing
-€1,583
Cash 2024
€2,371
From operations (derived)
+€18,252
Net result for the year
+€2,517
Depreciation
+€5,098
Receivables within one year
-€37,886
Deferred charges and accrued income
-€2,827
Trade debts
+€59,178
Tax, wage and social debts
-€4,598
Other debts
-€9
Accrued charges and deferred income
-€3,221
Investment (derived)
-€10,297
Investment in fixed assets (net)
-€10,297
Financing
-€1,583
Debts after one year
+€14,093
Current portion of long-term debt
+€4,750
Short-term financial debts
-€20,425
Cash 2025
€8,743
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,138 | €137,423 | +€52,285 | +61.4% |
| Fixed assets | 21/28 | €21,368 | €26,567 | +€5,199 | +24.3% |
| Tangible fixed assets | 22/27 | €21,005 | €26,204 | +€5,199 | +24.7% |
| Land and buildings | 22 | €6,628 | €9,984 | +€3,356 | +50.6% |
| Plant, machinery and equipment | 23 | €14,378 | €10,727 | -€3,650 | -25.4% |
| Furniture and vehicles | 24 | - | €5,493 | +€5,493 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €63,769 | €110,856 | +€47,086 | +73.8% |
| Amounts receivable within one year | 40/41 | €56,871 | €94,757 | +€37,886 | +66.6% |
| Trade receivables | 40 | €56,300 | €87,392 | +€31,092 | +55.2% |
| Other amounts receivable | 41 | €571 | €7,365 | +€6,794 | +1,190% |
| Cash at bank and in hand | 54/58 | €2,371 | €8,743 | +€6,373 | +269% |
| Deferred charges and accrued income | 490/1 | €4,528 | €7,355 | +€2,827 | +62.4% |
| Total equity and liabilities | 10/49 | €85,138 | €137,423 | +€52,285 | +61.4% |
| Equity | 10/15 | €9,037 | €11,554 | +€2,517 | +27.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €12,691 | €12,691 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,816 | €10,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,404 | -€19,887 | +€2,517 | +11.2% |
| Amounts payable | 17/49 | €76,100 | €125,868 | +€49,768 | +65.4% |
| Amounts payable after more than one year | 17 | - | €14,093 | +€14,093 | |
| Financial debts | 170/4 | - | €14,093 | +€14,093 | |
| Amounts payable within one year | 42/48 | €70,963 | €109,859 | +€38,896 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,750 | +€4,750 | |
| Financial debts | 43 | €34,409 | €13,984 | -€20,425 | -59.4% |
| Credit institutions | 430/8 | €34,409 | €13,984 | -€20,425 | -59.4% |
| Trade debts | 44 | €4,278 | €63,456 | +€59,178 | +1,383% |
| Suppliers | 440/4 | €4,278 | €63,456 | +€59,178 | +1,383% |
| Taxes, remuneration and social security | 45 | €6,234 | €1,636 | -€4,598 | -73.8% |
| Taxes | 450/3 | €6,234 | €889 | -€5,345 | -85.7% |
| Remuneration and social security | 454/9 | - | €747 | +€747 | |
| Other amounts payable | 47/48 | €26,042 | €26,033 | -€9 | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,138 | €1,917 | -€3,221 | -62.7% |
| Remuneration, social security and pensions | 62 | - | €58,270 | +€58,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,749 | €5,098 | +€2,349 | +85.5% |
| Other operating charges | 640/8 | €490 | €774 | +€284 | +58.0% |
| Gross operating margin | 9900 | €8,039 | €71,328 | +€63,289 | +787% |
| Operating profit (loss) | 9901 | €4,800 | €7,186 | +€2,386 | +49.7% |
| Financial income | 75/76B | €19 | €1 | -€18 | -97.3% |
| Recurring financial income | 75 | €19 | €1 | -€18 | -97.3% |
| Financial charges | 65/66B | €2,000 | €4,670 | +€2,670 | +134% |
| Recurring financial charges | 65 | €2,000 | €4,670 | +€2,670 | +134% |
| Profit (loss) for the period before taxes | 9903 | €2,820 | €2,517 | -€303 | -10.7% |
| Income taxes | 67/77 | €140 | - | -€140 | |
| Profit (loss) for the period | 9904 | €2,680 | €2,517 | -€163 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,680 | €2,517 | -€163 | -6.1% |
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.