LE PHALENSTERE: 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.
LE PHALENSTERE
Largest movements
- Intangible fixed assets +€180,000
new in 2025: €180,000
- Receivables within one year +€9,214
up €9,214 (+2.8%), from €331,939 to €341,153
of which Trade receivables: +€22,213
- Deferred charges and accrued income -€7,552
down €7,552 (-30.5%), from €24,778 to €17,226
- Other debts +€610,050
up €610,050 (+339%), from €180,060 to €790,110
- Profit (loss) carried forward -€351,994
down €351,994 (-212%), from -€166,117 to -€518,110
- Tax, wage and social debts -€45,830
down €45,830 (-13.3%), from €343,745 to €297,915
of which Taxes: -€26,797
- Trade debts -€33,611
down €33,611 (-30.0%), from €111,902 to €78,291
- Gross operating margin +€227,418
up €227,418 (+15.1%), from €1.5m to €1.7m
- Staff costs +€93,566
up €93,566 (+4.8%), from €1.9m to €2.0m
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 | €499,586 | €683,681 | +€184,095 | +36.8% |
| Fixed assets | 21/28 | €117,536 | €296,340 | +€178,804 | +152% |
| Intangible fixed assets | 21 | - | €180,000 | +€180,000 | |
| Tangible fixed assets | 22/27 | €116,910 | €115,714 | -€1,196 | -1.0% |
| Furniture and vehicles | 24 | €116,910 | €115,714 | -€1,196 | -1.0% |
| Financial fixed assets | 28 | €626 | €626 | = | 0.0% |
| Current assets | 29/58 | €382,050 | €387,341 | +€5,291 | +1.4% |
| Amounts receivable within one year | 40/41 | €331,939 | €341,153 | +€9,214 | +2.8% |
| Trade receivables | 40 | €264,143 | €286,356 | +€22,213 | +8.4% |
| Other amounts receivable | 41 | €67,796 | €54,797 | -€13,000 | -19.2% |
| Cash at bank and in hand | 54/58 | €25,333 | €28,962 | +€3,629 | +14.3% |
| Deferred charges and accrued income | 490/1 | €24,778 | €17,226 | -€7,552 | -30.5% |
| Total equity and liabilities | 10/49 | €499,586 | €683,681 | +€184,095 | +36.8% |
| Equity | 10/15 | -€136,341 | -€488,335 | -€351,994 | -258% |
| Contributions | 10/11 | €14,880 | €14,880 | = | 0.0% |
| Reserves | 13 | €14,895 | €14,895 | = | 0.0% |
| Distributable reserves | 133 | €14,895 | €14,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,117 | -€518,110 | -€351,994 | -212% |
| Amounts payable | 17/49 | €635,927 | €1,172,016 | +€536,089 | +84.3% |
| Amounts payable within one year | 42/48 | €635,707 | €1,166,316 | +€530,609 | +83.5% |
| Trade debts | 44 | €111,902 | €78,291 | -€33,611 | -30.0% |
| Suppliers | 440/4 | €111,902 | €78,291 | -€33,611 | -30.0% |
| Taxes, remuneration and social security | 45 | €343,745 | €297,915 | -€45,830 | -13.3% |
| Taxes | 450/3 | €43,635 | €16,838 | -€26,797 | -61.4% |
| Remuneration and social security | 454/9 | €300,110 | €281,078 | -€19,033 | -6.3% |
| Other amounts payable | 47/48 | €180,060 | €790,110 | +€610,050 | +339% |
| Accrued charges and deferred income | 492/3 | €220 | €5,700 | +€5,480 | +2,492% |
| Non-recurring operating income | 76A | - | €2,015 | +€2,015 | |
| Remuneration, social security and pensions | 62 | €1,940,014 | €2,033,581 | +€93,566 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,815 | €49,859 | +€12,045 | +31.9% |
| Other operating charges | 640/8 | €2,862 | €3,588 | +€725 | +25.3% |
| Gross operating margin | 9900 | €1,508,205 | €1,735,623 | +€227,418 | +15.1% |
| Operating profit (loss) | 9901 | -€472,486 | -€351,405 | +€121,081 | +25.6% |
| Financial charges | 65/66B | €418 | €343 | -€75 | -18.0% |
| Recurring financial charges | 65 | €418 | €343 | -€75 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€472,905 | -€351,748 | +€121,157 | +25.6% |
| Income taxes | 67/77 | -€14,457 | €246 | +€14,702 | |
| Profit (loss) for the period | 9904 | -€458,448 | -€351,994 | +€106,454 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€458,448 | -€351,994 | +€106,454 | +23.2% |
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 24 October 2026 via checked.be.