I.D. PHAR: 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.
I.D. PHAR
Largest movements
- Intangible fixed assets +€490,567
up €490,567 (+1293.5%), from €37,927 to €528,493
- Cash +€282,097
up €282,097 (+40.1%), from €702,961 to €985,059
mainly Net result for the year (+€1.2m) and Debts after one year (+€332,284)
- Financial fixed assets -€280,028
down €280,028 (-100.0%), from €280,028 to €0
- Debts after one year +€332,284
up €332,284, from €0 to €332,284
- Tax, wage and social debts +€87,894
up €87,894 (+33.3%), from €263,656 to €351,550
of which Taxes: +€50,301
- Reserves +€76,412
up €76,412 (+3.3%), from €2.3m to €2.4m
of which Distributable reserves: +€76,412
- Trade debts +€57,438
up €57,438 (+4.6%), from €1.2m to €1.3m
- Accrued charges and deferred income -€52,351
down €52,351 (-21.0%), from €249,331 to €196,980
- Gross operating margin +€371,066
up €371,066 (+14.1%), from €2.6m to €3.0m
- Financial income +€136,204
up €136,204 (+1488.1%), from €9,153 to €145,357
- Taxes +€124,169
up €124,169 (+46.0%), from €270,036 to €394,205
- Depreciation -€33,816
down €33,816 (-19.2%), from €176,481 to €142,665
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 | €4,220,112 | €4,768,994 | +€548,882 | +13.0% |
| Fixed assets | 21/28 | €417,744 | €638,748 | +€221,003 | +52.9% |
| Intangible fixed assets | 21 | €37,927 | €528,493 | +€490,567 | +1293.5% |
| Tangible fixed assets | 22/27 | €99,790 | €110,255 | +€10,465 | +10.5% |
| Plant, machinery and equipment | 23 | €26,119 | €4,473 | -€21,646 | -82.9% |
| Furniture and vehicles | 24 | €57,387 | €90,006 | +€32,619 | +56.8% |
| Other tangible fixed assets | 26 | €16,284 | €15,775 | -€508 | -3.1% |
| Financial fixed assets | 28 | €280,028 | €0 | -€280,028 | -100.0% |
| Current assets | 29/58 | €3,802,367 | €4,130,247 | +€327,879 | +8.6% |
| Stocks and contracts in progress | 3 | €1,966,423 | €2,013,013 | +€46,591 | +2.4% |
| Stocks | 30/36 | €1,966,423 | €2,013,013 | +€46,591 | +2.4% |
| Amounts receivable within one year | 40/41 | €1,102,983 | €1,132,174 | +€29,191 | +2.6% |
| Trade receivables | 40 | €1,102,383 | €1,111,716 | +€9,332 | +0.8% |
| Other amounts receivable | 41 | €600 | €20,459 | +€19,859 | +3309.8% |
| Cash at bank and in hand | 54/58 | €702,961 | €985,059 | +€282,097 | +40.1% |
| Deferred charges and accrued income | 490/1 | €30,000 | €0 | -€30,000 | -100.0% |
| Total equity and liabilities | 10/49 | €4,220,112 | €4,768,994 | +€548,882 | +13.0% |
| Equity | 10/15 | €2,341,767 | €2,418,179 | +€76,412 | +3.3% |
| Contributions | 10/11 | €55,934 | €55,934 | = | 0.0% |
| Reserves | 13 | €2,285,833 | €2,362,245 | +€76,412 | +3.3% |
| Tax-exempt reserves | 132 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €2,284,833 | €2,361,245 | +€76,412 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,878,345 | €2,350,816 | +€472,471 | +25.2% |
| Amounts payable after more than one year | 17 | €0 | €332,284 | +€332,284 | |
| Financial debts | 170/4 | €0 | €332,284 | +€332,284 | |
| Amounts payable within one year | 42/48 | €1,629,014 | €1,821,552 | +€192,538 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €76,602 | €107,763 | +€31,162 | +40.7% |
| Trade debts | 44 | €1,248,756 | €1,306,194 | +€57,438 | +4.6% |
| Suppliers | 440/4 | €1,248,756 | €1,306,194 | +€57,438 | +4.6% |
| Taxes, remuneration and social security | 45 | €263,656 | €351,550 | +€87,894 | +33.3% |
| Taxes | 450/3 | €64,985 | €115,287 | +€50,301 | +77.4% |
| Remuneration and social security | 454/9 | €198,671 | €236,264 | +€37,593 | +18.9% |
| Other amounts payable | 47/48 | €40,000 | €56,044 | +€16,044 | +40.1% |
| Accrued charges and deferred income | 492/3 | €249,331 | €196,980 | -€52,351 | -21.0% |
| Remuneration, social security and pensions | 62 | €1,343,446 | €1,356,396 | +€12,950 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,481 | €142,665 | -€33,816 | -19.2% |
| Other operating charges | 640/8 | €7,966 | €8,215 | +€250 | +3.1% |
| Non-recurring operating charges | 66A | €38,733 | €0 | -€38,733 | -100.0% |
| Gross operating margin | 9900 | €2,628,264 | €2,999,330 | +€371,066 | +14.1% |
| Operating profit (loss) | 9901 | €1,061,638 | €1,492,053 | +€430,415 | +40.5% |
| Financial income | 75/76B | €9,153 | €145,357 | +€136,204 | +1488.1% |
| Recurring financial income | 75 | €9,153 | €145,357 | +€136,204 | +1488.1% |
| Financial charges | 65/66B | €18,986 | €20,779 | +€1,793 | +9.4% |
| Recurring financial charges | 65 | €18,986 | €20,779 | +€1,793 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €1,051,805 | €1,616,630 | +€564,826 | +53.7% |
| Income taxes | 67/77 | €270,036 | €394,205 | +€124,169 | +46.0% |
| Profit (loss) for the period | 9904 | €781,769 | €1,222,426 | +€440,656 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €781,769 | €1,222,426 | +€440,656 | +56.4% |
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.