PHAEDRA: 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.
PHAEDRA
Largest movements
- Cash -€3,522
no longer reported in 2025 (was €3,522)
mainly Other debts (-€3,254) and Net result for the year (-€2,281)
- Receivables within one year -€2,354
no longer reported in 2025 (was €2,354)
of which Other amounts receivable: -€2,134
- Deferred charges and accrued income +€255
new in 2025: €255
- Other debts -€3,254
down €3,254 (-3.0%), from €107,121 to €103,868
- Profit (loss) carried forward -€2,281
down €2,281 (-1.9%), from -€120,287 to -€122,568
- Gross operating margin -€2,854
down €2,854, from €1,093 to -€1,761
- Financial charges -€133
no longer reported in 2025 (was €133)
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 | €5,876 | €255 | -€5,621 | -95.7% |
| Current assets | 29/58 | €5,876 | €255 | -€5,621 | -95.7% |
| Amounts receivable within one year | 40/41 | €2,354 | - | -€2,354 | |
| Trade receivables | 40 | €220 | - | -€220 | |
| Other amounts receivable | 41 | €2,134 | - | -€2,134 | |
| Cash at bank and in hand | 54/58 | €3,522 | - | -€3,522 | |
| Deferred charges and accrued income | 490/1 | - | €255 | +€255 | |
| Total equity and liabilities | 10/49 | €5,876 | €255 | -€5,621 | -95.7% |
| Equity | 10/15 | -€101,332 | -€103,612 | -€2,281 | -2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €364 | €364 | = | 0.0% |
| Tax-exempt reserves | 132 | €364 | €364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,287 | -€122,568 | -€2,281 | -1.9% |
| Amounts payable | 17/49 | €107,208 | €103,868 | -€3,340 | -3.1% |
| Amounts payable within one year | 42/48 | €107,208 | €103,868 | -€3,340 | -3.1% |
| Trade debts | 44 | €31 | - | -€31 | |
| Suppliers | 440/4 | €31 | - | -€31 | |
| Taxes, remuneration and social security | 45 | €56 | - | -€56 | |
| Taxes | 450/3 | €56 | - | -€56 | |
| Other amounts payable | 47/48 | €107,121 | €103,868 | -€3,254 | -3.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €1,093 | -€1,761 | -€2,854 | |
| Operating profit (loss) | 9901 | €588 | -€2,281 | -€2,869 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €133 | - | -€133 | |
| Recurring financial charges | 65 | €133 | - | -€133 | |
| Profit (loss) for the period before taxes | 9903 | €455 | -€2,281 | -€2,736 | |
| Profit (loss) for the period | 9904 | €455 | -€2,281 | -€2,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €455 | -€2,281 | -€2,736 |
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 2 October 2026 via checked.be.