PHAETON CONSULTING: 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.
PHAETON CONSULTING
Largest movements
- Cash +€44,336
up €44,336 (+36.8%), from €120,525 to €164,861
mainly Net result for the year (+€82,389) and Other debts (+€45,482)
- Receivables within one year -€5,733
down €5,733 (-19.2%), from €29,800 to €24,067
of which Trade receivables: -€10,121
- Other debts +€45,482
up €45,482 (+103%), from €44,202 to €89,685
- Trade debts -€9,960
down €9,960 (-96.9%), from €10,279 to €319
- Profit (loss) carried forward +€7,389
up €7,389 (+64.5%), from €11,463 to €18,852
- Tax, wage and social debts -€3,950
down €3,950 (-28.4%), from €13,928 to €9,978
- Short-term financial debts -€2,095
no longer reported in 2025 (was €2,095)
- Financial charges -€5,000
down €5,000 (-14.1%), from €35,529 to €30,529
- Taxes +€1,612
up €1,612 (+7.4%), from €21,779 to €23,391
- Depreciation -€1,443
down €1,443 (-66.6%), from €2,165 to €722
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 | €152,882 | €190,663 | +€37,781 | +24.7% |
| Fixed assets | 21/28 | €2,074 | €1,352 | -€722 | -34.8% |
| Tangible fixed assets | 22/27 | €2,074 | €1,352 | -€722 | -34.8% |
| Furniture and vehicles | 24 | €2,074 | €1,352 | -€722 | -34.8% |
| Current assets | 29/58 | €150,808 | €189,311 | +€38,503 | +25.5% |
| Amounts receivable within one year | 40/41 | €29,800 | €24,067 | -€5,733 | -19.2% |
| Trade receivables | 40 | €27,579 | €17,458 | -€10,121 | -36.7% |
| Other amounts receivable | 41 | €2,221 | €6,609 | +€4,388 | +198% |
| Cash at bank and in hand | 54/58 | €120,525 | €164,861 | +€44,336 | +36.8% |
| Deferred charges and accrued income | 490/1 | €483 | €383 | -€100 | -20.6% |
| Total equity and liabilities | 10/49 | €152,882 | €190,663 | +€37,781 | +24.7% |
| Equity | 10/15 | €53,463 | €60,852 | +€7,389 | +13.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,000 | €37,000 | = | 0.0% |
| Distributable reserves | 133 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,463 | €18,852 | +€7,389 | +64.5% |
| Provisions and deferred taxes | 16 | €28,914 | €29,829 | +€915 | +3.2% |
| Provisions for liabilities and charges | 160/5 | €28,914 | €29,829 | +€915 | +3.2% |
| Other liabilities and charges | 164/5 | €28,914 | €29,829 | +€915 | +3.2% |
| Amounts payable | 17/49 | €70,505 | €99,982 | +€29,477 | +41.8% |
| Amounts payable within one year | 42/48 | €70,505 | €99,982 | +€29,477 | +41.8% |
| Financial debts | 43 | €2,095 | - | -€2,095 | |
| Credit institutions | 430/8 | €2,095 | - | -€2,095 | |
| Trade debts | 44 | €10,279 | €319 | -€9,960 | -96.9% |
| Suppliers | 440/4 | €10,279 | €319 | -€9,960 | -96.9% |
| Taxes, remuneration and social security | 45 | €13,928 | €9,978 | -€3,950 | -28.4% |
| Taxes | 450/3 | €13,928 | €9,978 | -€3,950 | -28.4% |
| Other amounts payable | 47/48 | €44,202 | €89,685 | +€45,482 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,165 | €722 | -€1,443 | -66.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €705 | €915 | +€209 | +29.7% |
| Other operating charges | 640/8 | €485 | €542 | +€56 | +11.6% |
| Gross operating margin | 9900 | €137,134 | €137,778 | +€644 | +0.5% |
| Operating profit (loss) | 9901 | €133,778 | €135,599 | +€1,821 | +1.4% |
| Financial income | 75/76B | €478 | €710 | +€232 | +48.6% |
| Recurring financial income | 75 | €478 | €710 | +€232 | +48.6% |
| Financial charges | 65/66B | €35,529 | €30,529 | -€5,000 | -14.1% |
| Recurring financial charges | 65 | €35,529 | €30,529 | -€5,000 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €98,727 | €105,780 | +€7,053 | +7.1% |
| Income taxes | 67/77 | €21,779 | €23,391 | +€1,612 | +7.4% |
| Profit (loss) for the period | 9904 | €76,948 | €82,389 | +€5,441 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,948 | €82,389 | +€5,441 | +7.1% |
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 15 October 2026 via checked.be.