O PHULAX: 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.
O PHULAX
Largest movements
- Cash -€56,832
down €56,832 (-72.9%), from €77,983 to €21,151
mainly Other debts (-€58,094) and Net result for the year (-€30,806)
- Tangible fixed assets -€27,009
down €27,009 (-5.2%), from €514,892 to €487,883
- Other debts -€58,094
down €58,094 (-8.5%), from €686,225 to €628,132
- Profit (loss) carried forward -€30,806
down €30,806 (-10.1%), from -€303,830 to -€334,636
- Gross operating margin -€61,821
down €61,821 (-92.2%), from €67,029 to €5,207
- Depreciation +€730
up €730 (+2.8%), from €26,279 to €27,009
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 | €598,395 | €512,499 | -€85,896 | -14.4% |
| Fixed assets | 21/28 | €517,802 | €489,583 | -€28,219 | -5.4% |
| Tangible fixed assets | 22/27 | €514,892 | €487,883 | -€27,009 | -5.2% |
| Land and buildings | 22 | €514,892 | €487,883 | -€27,009 | -5.2% |
| Financial fixed assets | 28 | €2,910 | €1,700 | -€1,210 | -41.6% |
| Current assets | 29/58 | €80,593 | €22,916 | -€57,678 | -71.6% |
| Amounts receivable within one year | 40/41 | €2,147 | €1,278 | -€868 | -40.5% |
| Other amounts receivable | 41 | €2,147 | €1,278 | -€868 | -40.5% |
| Cash at bank and in hand | 54/58 | €77,983 | €21,151 | -€56,832 | -72.9% |
| Deferred charges and accrued income | 490/1 | €464 | €486 | +€23 | +4.9% |
| Total equity and liabilities | 10/49 | €598,395 | €512,499 | -€85,896 | -14.4% |
| Equity | 10/15 | -€87,830 | -€118,636 | -€30,806 | -35.1% |
| Contributions | 10/11 | €216,000 | €216,000 | = | 0.0% |
| Capital | 10 | €216,000 | €216,000 | = | 0.0% |
| Issued capital | 100 | €216,000 | €216,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€303,830 | -€334,636 | -€30,806 | -10.1% |
| Amounts payable | 17/49 | €686,225 | €631,135 | -€55,090 | -8.0% |
| Amounts payable within one year | 42/48 | €686,225 | €631,135 | -€55,090 | -8.0% |
| Trade debts | 44 | - | €3,003 | +€3,003 | |
| Suppliers | 440/4 | - | €3,003 | +€3,003 | |
| Other amounts payable | 47/48 | €686,225 | €628,132 | -€58,094 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,279 | €27,009 | +€730 | +2.8% |
| Other operating charges | 640/8 | €8,495 | €8,185 | -€310 | -3.6% |
| Gross operating margin | 9900 | €67,029 | €5,207 | -€61,821 | -92.2% |
| Operating profit (loss) | 9901 | €32,255 | -€29,986 | -€62,241 | |
| Financial charges | 65/66B | €626 | €820 | +€194 | +31.0% |
| Recurring financial charges | 65 | €626 | €820 | +€194 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €31,629 | -€30,806 | -€62,436 | |
| Profit (loss) for the period | 9904 | €31,629 | -€30,806 | -€62,436 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,629 | -€30,806 | -€62,436 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.