HARPER'S PHOENIX: 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.
HARPER'S PHOENIX
Largest movements
- Cash -€746
down €746 (-12.8%), from €5,845 to €5,098
mainly Net result for the year (-€1,560) and Deferred charges and accrued income (-€15)
- Profit (loss) carried forward -€1,560
down €1,560 (-17.5%), from -€8,928 to -€10,488
- Other debts +€800
up €800 (+9.4%), from €8,471 to €9,271
- Gross operating margin -€7,162
down €7,162, from €6,244 to -€919
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 | €7,360 | €6,628 | -€731 | -9.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Current assets | 29/58 | €7,360 | €6,628 | -€731 | -9.9% |
| Cash at bank and in hand | 54/58 | €5,845 | €5,098 | -€746 | -12.8% |
| Deferred charges and accrued income | 490/1 | €1,515 | €1,530 | +€15 | +1.0% |
| Total equity and liabilities | 10/49 | €7,360 | €6,628 | -€731 | -9.9% |
| Equity | 10/15 | -€2,626 | -€4,186 | -€1,560 | -59.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €102 | €102 | = | 0.0% |
| Distributable reserves | 133 | €102 | €102 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,928 | -€10,488 | -€1,560 | -17.5% |
| Amounts payable | 17/49 | €9,986 | €10,814 | +€828 | +8.3% |
| Amounts payable within one year | 42/48 | €9,986 | €10,814 | +€828 | +8.3% |
| Trade debts | 44 | €1,515 | €1,543 | +€28 | +1.8% |
| Suppliers | 440/4 | €1,515 | €1,543 | +€28 | +1.8% |
| Other amounts payable | 47/48 | €8,471 | €9,271 | +€800 | +9.4% |
| Other operating charges | 640/8 | €452 | €465 | +€13 | +2.9% |
| Gross operating margin | 9900 | €6,244 | -€919 | -€7,162 | |
| Operating profit (loss) | 9901 | €5,792 | -€1,384 | -€7,175 | |
| Financial charges | 65/66B | €163 | €176 | +€13 | +7.8% |
| Recurring financial charges | 65 | €163 | €176 | +€13 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €5,629 | -€1,560 | -€7,188 | |
| Profit (loss) for the period | 9904 | €5,629 | -€1,560 | -€7,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,629 | -€1,560 | -€7,188 |
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 28 October 2026 via checked.be.