PHADO: 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.
PHADO
Largest movements
- Tangible fixed assets -€25,713
down €25,713 (-6.8%), from €377,476 to €351,763
of which Land and buildings: -€28,008
- Current investments -€7,719
no longer reported in 2024 (was €7,719)
- Debts after one year -€70,558
down €70,558 (-46.8%), from €150,619 to €80,061
- Profit (loss) carried forward +€40,938
up €40,938 (+14.5%), from €281,752 to €322,690
- Tax, wage and social debts -€8,066
down €8,066 (-43.6%), from €18,513 to €10,447
- Other debts -€7,455
no longer reported in 2024 (was €7,455)
- Gross operating margin +€16,440
up €16,440 (+22.7%), from €72,396 to €88,836
- Taxes -€10,080
down €10,080 (-54.3%), from €18,566 to €8,486
- Financial charges +€2,077
up €2,077 (+32.3%), from €6,432 to €8,509
- Depreciation +€1,065
up €1,065 (+3.8%), from €28,008 to €29,073
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €537,437 | €504,059 | -€33,378 | -6.2% |
| Fixed assets | 21/28 | €529,622 | €503,909 | -€25,713 | -4.9% |
| Tangible fixed assets | 22/27 | €377,476 | €351,763 | -€25,713 | -6.8% |
| Land and buildings | 22 | €375,976 | €347,968 | -€28,008 | -7.4% |
| Furniture and vehicles | 24 | - | €3,795 | +€3,795 | |
| Assets under construction and advance payments | 27 | €1,500 | - | -€1,500 | |
| Financial fixed assets | 28 | €152,146 | €152,146 | = | 0.0% |
| Current assets | 29/58 | €7,815 | €150 | -€7,665 | -98.1% |
| Current investments | 50/53 | €7,719 | - | -€7,719 | |
| Cash at bank and in hand | 54/58 | €96 | €150 | +€54 | +56.3% |
| Total equity and liabilities | 10/49 | €537,437 | €504,059 | -€33,378 | -6.2% |
| Equity | 10/15 | €308,691 | €349,629 | +€40,938 | +13.3% |
| Contributions | 10/11 | €21,939 | €21,939 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €281,752 | €322,690 | +€40,938 | +14.5% |
| Amounts payable | 17/49 | €228,746 | €154,430 | -€74,316 | -32.5% |
| Amounts payable after more than one year | 17 | €150,619 | €80,061 | -€70,558 | -46.8% |
| Financial debts | 170/4 | €150,619 | €80,061 | -€70,558 | -46.8% |
| Amounts payable within one year | 42/48 | €78,127 | €74,369 | -€3,758 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €44,004 | €49,285 | +€5,281 | +12.0% |
| Financial debts | 43 | - | €3,849 | +€3,849 | |
| Credit institutions | 430/8 | - | €3,849 | +€3,849 | |
| Trade debts | 44 | €8,155 | €10,788 | +€2,633 | +32.3% |
| Suppliers | 440/4 | €8,155 | €10,788 | +€2,633 | +32.3% |
| Taxes, remuneration and social security | 45 | €18,513 | €10,447 | -€8,066 | -43.6% |
| Taxes | 450/3 | €18,513 | €10,447 | -€8,066 | -43.6% |
| Other amounts payable | 47/48 | €7,455 | - | -€7,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,008 | €29,073 | +€1,065 | +3.8% |
| Other operating charges | 640/8 | €1,905 | €1,830 | -€75 | -3.9% |
| Gross operating margin | 9900 | €72,396 | €88,836 | +€16,440 | +22.7% |
| Operating profit (loss) | 9901 | €42,483 | €57,933 | +€15,450 | +36.4% |
| Financial income | 75/76B | €187 | - | -€187 | |
| Recurring financial income | 75 | €187 | - | -€187 | |
| Financial charges | 65/66B | €6,432 | €8,509 | +€2,077 | +32.3% |
| Recurring financial charges | 65 | €6,432 | €8,509 | +€2,077 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €36,238 | €49,424 | +€13,186 | +36.4% |
| Income taxes | 67/77 | €18,566 | €8,486 | -€10,080 | -54.3% |
| Profit (loss) for the period | 9904 | €17,672 | €40,938 | +€23,266 | +131.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,672 | €40,938 | +€23,266 | +131.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.