PHAERO INTERNATIONAL: 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.
PHAERO INTERNATIONAL
Largest movements
- Current investments +€25,694
up €25,694 (+54.7%), from €47,000 to €72,694
- Tangible fixed assets -€24,785
down €24,785 (-8.7%), from €284,485 to €259,700
of which Furniture and vehicles: -€16,574
- Receivables within one year -€4,393
down €4,393 (-27.5%), from €15,990 to €11,597
of which Other amounts receivable: -€5,226
- Other debts -€38,909
down €38,909 (-12.7%), from €306,222 to €267,313
- Reserves +€29,400
up €29,400 (+117%), from €25,235 to €54,635
- Tax, wage and social debts +€10,814
up €10,814 (+268%), from €4,041 to €14,855
- Gross operating margin +€31,636
up €31,636 (+79.2%), from €39,960 to €71,596
- Taxes +€11,370
up €11,370 (+287%), from €3,956 to €15,326
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 | €349,667 | €349,545 | -€122 | 0.0% |
| Fixed assets | 21/28 | €284,485 | €259,700 | -€24,785 | -8.7% |
| Tangible fixed assets | 22/27 | €284,485 | €259,700 | -€24,785 | -8.7% |
| Land and buildings | 22 | €222,348 | €214,137 | -€8,211 | -3.7% |
| Furniture and vehicles | 24 | €62,137 | €45,563 | -€16,574 | -26.7% |
| Current assets | 29/58 | €65,182 | €89,845 | +€24,663 | +37.8% |
| Amounts receivable within one year | 40/41 | €15,990 | €11,597 | -€4,393 | -27.5% |
| Trade receivables | 40 | €9,187 | €10,020 | +€833 | +9.1% |
| Other amounts receivable | 41 | €6,803 | €1,577 | -€5,226 | -76.8% |
| Current investments | 50/53 | €47,000 | €72,694 | +€25,694 | +54.7% |
| Cash at bank and in hand | 54/58 | €2,192 | €5,554 | +€3,362 | +153% |
| Total equity and liabilities | 10/49 | €349,667 | €349,545 | -€122 | 0.0% |
| Equity | 10/15 | €37,635 | €67,035 | +€29,400 | +78.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,235 | €54,635 | +€29,400 | +117% |
| Distributable reserves | 133 | €25,235 | €54,635 | +€29,400 | +117% |
| Amounts payable | 17/49 | €312,032 | €282,510 | -€29,522 | -9.5% |
| Amounts payable within one year | 42/48 | €312,032 | €282,510 | -€29,522 | -9.5% |
| Trade debts | 44 | €1,769 | €342 | -€1,427 | -80.7% |
| Suppliers | 440/4 | €1,769 | €342 | -€1,427 | -80.7% |
| Taxes, remuneration and social security | 45 | €4,041 | €14,855 | +€10,814 | +268% |
| Taxes | 450/3 | €4,041 | €14,855 | +€10,814 | +268% |
| Other amounts payable | 47/48 | €306,222 | €267,313 | -€38,909 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,784 | €24,784 | = | 0.0% |
| Other operating charges | 640/8 | €2,518 | €2,308 | -€210 | -8.3% |
| Gross operating margin | 9900 | €39,960 | €71,596 | +€31,636 | +79.2% |
| Operating profit (loss) | 9901 | €12,658 | €44,504 | +€31,846 | +252% |
| Financial income | 75/76B | €112 | €277 | +€165 | +147% |
| Recurring financial income | 75 | €112 | €277 | +€165 | +147% |
| Financial charges | 65/66B | €225 | €55 | -€170 | -75.6% |
| Recurring financial charges | 65 | €225 | €55 | -€170 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | €12,545 | €44,726 | +€32,181 | +257% |
| Income taxes | 67/77 | €3,956 | €15,326 | +€11,370 | +287% |
| Profit (loss) for the period | 9904 | €8,589 | €29,400 | +€20,811 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €8,589 | €29,400 | +€20,811 | +242% |
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 1 November 2026 via checked.be.