PHACTS: 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.
PHACTS
Largest movements
- Cash -€146,351
down €146,351 (-61.6%), from €237,573 to €91,223
mainly Other debts (-€109,317) and Trade debts (-€68,741)
- Receivables within one year -€26,082
down €26,082 (-60.2%), from €43,352 to €17,270
of which Trade receivables: -€20,490
- Other debts -€109,317
down €109,317 (-98.9%), from €110,505 to €1,188
- Reserves +€71,805
up €71,805 (+3,860%), from €1,860 to €73,665
- Trade debts -€68,741
down €68,741 (-97.5%), from €70,493 to €1,752
- Profit (loss) carried forward -€57,591
no longer reported in 2025 (was €57,591)
- Tax, wage and social debts -€9,589
down €9,589 (-38.4%), from €24,984 to €15,395
of which Taxes: -€5,242
- Gross operating margin -€44,329
down €44,329 (-23.2%), from €190,748 to €146,419
- Staff costs -€41,329
down €41,329 (-25.2%), from €164,306 to €122,978
- Financial income -€7,239
down €7,239 (-87.7%), from €8,253 to €1,014
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 | €284,033 | €110,600 | -€173,433 | -61.1% |
| Fixed assets | 21/28 | €1,233 | €1,226 | -€7 | -0.5% |
| Tangible fixed assets | 22/27 | €1,233 | €1,226 | -€7 | -0.5% |
| Furniture and vehicles | 24 | €1,233 | €1,226 | -€7 | -0.5% |
| Current assets | 29/58 | €282,800 | €109,374 | -€173,426 | -61.3% |
| Amounts receivable within one year | 40/41 | €43,352 | €17,270 | -€26,082 | -60.2% |
| Trade receivables | 40 | €31,195 | €10,705 | -€20,490 | -65.7% |
| Other amounts receivable | 41 | €12,157 | €6,565 | -€5,592 | -46.0% |
| Cash at bank and in hand | 54/58 | €237,573 | €91,223 | -€146,351 | -61.6% |
| Deferred charges and accrued income | 490/1 | €1,875 | €881 | -€994 | -53.0% |
| Total equity and liabilities | 10/49 | €284,033 | €110,600 | -€173,433 | -61.1% |
| Equity | 10/15 | €78,051 | €92,265 | +€14,214 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €73,665 | +€71,805 | +3,860% |
| Distributable reserves | 133 | €1,860 | €73,665 | +€71,805 | +3,860% |
| Profit (loss) carried forward | 14 | €57,591 | - | -€57,591 | |
| Amounts payable | 17/49 | €205,982 | €18,335 | -€187,647 | -91.1% |
| Amounts payable within one year | 42/48 | €205,982 | €18,335 | -€187,647 | -91.1% |
| Trade debts | 44 | €70,493 | €1,752 | -€68,741 | -97.5% |
| Suppliers | 440/4 | €70,493 | €1,752 | -€68,741 | -97.5% |
| Taxes, remuneration and social security | 45 | €24,984 | €15,395 | -€9,589 | -38.4% |
| Taxes | 450/3 | €5,242 | - | -€5,242 | |
| Remuneration and social security | 454/9 | €19,742 | €15,395 | -€4,347 | -22.0% |
| Other amounts payable | 47/48 | €110,505 | €1,188 | -€109,317 | -98.9% |
| Remuneration, social security and pensions | 62 | €164,306 | €122,978 | -€41,329 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,515 | €1,027 | -€1,488 | -59.2% |
| Other operating charges | 640/8 | €562 | €547 | -€16 | -2.8% |
| Non-recurring operating charges | 66A | €571 | - | -€571 | |
| Gross operating margin | 9900 | €190,748 | €146,419 | -€44,329 | -23.2% |
| Operating profit (loss) | 9901 | €22,793 | €21,868 | -€925 | -4.1% |
| Financial income | 75/76B | €8,253 | €1,014 | -€7,239 | -87.7% |
| Recurring financial income | 75 | €8,253 | €1,014 | -€7,239 | -87.7% |
| Financial charges | 65/66B | €1,789 | €1,984 | +€195 | +10.9% |
| Recurring financial charges | 65 | €1,789 | €1,984 | +€195 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €29,257 | €20,899 | -€8,358 | -28.6% |
| Income taxes | 67/77 | €7,936 | €6,685 | -€1,252 | -15.8% |
| Profit (loss) for the period | 9904 | €21,321 | €14,214 | -€7,107 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,321 | €14,214 | -€7,107 | -33.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.