Phaedra Algoet: 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.
Phaedra Algoet
Largest movements
- Tangible fixed assets -€22,826
down €22,826 (-100%), from €22,826 to €0
- Cash -€4,475
down €4,475 (-100%), from €4,475 to €0
mainly Debts after one year (-€18,892) and Contributions, distributions and other (-€10,064)
- Stocks and contracts -€4,250
down €4,250 (-100%), from €4,250 to €0
- Receivables within one year -€2,145
down €2,145 (-11.8%), from €18,145 to €16,000
of which Other amounts receivable: -€1,342
- Deferred charges and accrued income -€839
down €839 (-100%), from €839 to €0
- Debts after one year -€18,892
down €18,892 (-100%), from €18,892 to €0
- Current portion of long-term debt -€6,598
down €6,598 (-100%), from €6,598 to €0
- Other debts -€6,061
down €6,061 (-100%), from €6,061 to €0
- Trade debts -€3,456
down €3,456 (-100%), from €3,456 to €0
- Tax, wage and social debts +€2,700
new in 2025: €2,700
- Depreciation -€7,121
down €7,121 (-100%), from €7,121 to €0
- Taxes +€2,700
new in 2025: €2,700
- Gross operating margin +€1,497
up €1,497 (+15.4%), from €9,721 to €11,218
- Financial charges -€1,258
down €1,258 (-67.4%), from €1,868 to €610
- Other operating charges -€497
down €497 (-80.5%), from €617 to €120
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 | €50,549 | €16,000 | -€34,549 | -68.3% |
| Fixed assets | 21/28 | €22,841 | €0 | -€22,841 | -100% |
| Tangible fixed assets | 22/27 | €22,826 | €0 | -€22,826 | -100% |
| Leasing and similar rights | 25 | €22,826 | €0 | -€22,826 | -100% |
| Financial fixed assets | 28 | €15 | €0 | -€15 | -100% |
| Current assets | 29/58 | €27,708 | €16,000 | -€11,708 | -42.3% |
| Stocks and contracts in progress | 3 | €4,250 | €0 | -€4,250 | -100% |
| Stocks | 30/36 | €4,250 | €0 | -€4,250 | -100% |
| Amounts receivable within one year | 40/41 | €18,145 | €16,000 | -€2,145 | -11.8% |
| Trade receivables | 40 | €16,803 | €16,000 | -€803 | -4.8% |
| Other amounts receivable | 41 | €1,342 | €0 | -€1,342 | -100% |
| Cash at bank and in hand | 54/58 | €4,475 | €0 | -€4,475 | -100% |
| Deferred charges and accrued income | 490/1 | €839 | €0 | -€839 | -100% |
| Total equity and liabilities | 10/49 | €50,549 | €16,000 | -€34,549 | -68.3% |
| Equity | 10/15 | €15,541 | €13,300 | -€2,241 | -14.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,041 | €10,800 | -€2,241 | -17.2% |
| Distributable reserves | 133 | €13,041 | €10,800 | -€2,241 | -17.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,008 | €2,700 | -€32,308 | -92.3% |
| Amounts payable after more than one year | 17 | €18,892 | €0 | -€18,892 | -100% |
| Financial debts | 170/4 | €18,892 | €0 | -€18,892 | -100% |
| Amounts payable within one year | 42/48 | €16,116 | €2,700 | -€13,416 | -83.2% |
| Current portion of amounts payable after more than one year | 42 | €6,598 | €0 | -€6,598 | -100% |
| Trade debts | 44 | €3,456 | €0 | -€3,456 | -100% |
| Suppliers | 440/4 | €3,456 | €0 | -€3,456 | -100% |
| Taxes, remuneration and social security | 45 | - | €2,700 | +€2,700 | |
| Taxes | 450/3 | - | €2,700 | +€2,700 | |
| Other amounts payable | 47/48 | €6,061 | €0 | -€6,061 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,121 | €0 | -€7,121 | -100% |
| Other operating charges | 640/8 | €617 | €120 | -€497 | -80.5% |
| Gross operating margin | 9900 | €9,721 | €11,218 | +€1,497 | +15.4% |
| Operating profit (loss) | 9901 | €1,983 | €11,098 | +€9,115 | +460% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €1,868 | €610 | -€1,258 | -67.4% |
| Recurring financial charges | 65 | €1,868 | €610 | -€1,258 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €115 | €10,523 | +€10,408 | +9,054% |
| Income taxes | 67/77 | - | €2,700 | +€2,700 | |
| Profit (loss) for the period | 9904 | €115 | €7,823 | +€7,708 | +6,706% |
| Profit (loss) for the period to be appropriated | 9905 | €115 | €7,823 | +€7,708 | +6,706% |
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 27 October 2026 via checked.be.