Phage: 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.
Phage
Largest movements
- Intangible fixed assets -€20,717
down €20,717 (-49.7%), from €41,702 to €20,986
- Cash -€16,297
down €16,297 (-43.9%), from €37,101 to €20,804
mainly Trade debts (-€26,684) and Net result for the year (-€18,266)
- Current investments +€13,179
up €13,179 (+87.9%), from €15,000 to €28,179
- Stocks and contracts +€6,089
up €6,089 (+53.2%), from €11,443 to €17,532
- Receivables within one year -€4,256
down €4,256 (-14.3%), from €29,732 to €25,476
of which Trade receivables: -€4,328
- Trade debts -€26,684
down €26,684 (-46.6%), from €57,254 to €30,571
- Profit (loss) carried forward -€18,266
down €18,266 (-25.0%), from -€72,998 to -€91,264
- Tax, wage and social debts +€13,655
up €13,655 (+32.7%), from €41,755 to €55,410
of which Remuneration and social security: +€14,243
- Other debts +€6,414
up €6,414 (+5.5%), from €117,444 to €123,858
- Gross operating margin +€78,960
up €78,960 (+31.5%), from €250,484 to €329,444
- Staff costs +€58,311
up €58,311 (+23.2%), from €251,614 to €309,925
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 | €148,456 | €123,574 | -€24,882 | -16.8% |
| Fixed assets | 21/28 | €55,180 | €31,583 | -€23,597 | -42.8% |
| Intangible fixed assets | 21 | €41,702 | €20,986 | -€20,717 | -49.7% |
| Tangible fixed assets | 22/27 | €12,776 | €9,482 | -€3,294 | -25.8% |
| Plant, machinery and equipment | 23 | €11,162 | €7,302 | -€3,860 | -34.6% |
| Furniture and vehicles | 24 | €1,614 | €2,180 | +€566 | +35.1% |
| Financial fixed assets | 28 | €702 | €1,115 | +€413 | +58.9% |
| Current assets | 29/58 | €93,276 | €91,991 | -€1,285 | -1.4% |
| Stocks and contracts in progress | 3 | €11,443 | €17,532 | +€6,089 | +53.2% |
| Stocks | 30/36 | €11,443 | €17,532 | +€6,089 | +53.2% |
| Amounts receivable within one year | 40/41 | €29,732 | €25,476 | -€4,256 | -14.3% |
| Trade receivables | 40 | €29,732 | €25,404 | -€4,328 | -14.6% |
| Other amounts receivable | 41 | - | €73 | +€73 | |
| Current investments | 50/53 | €15,000 | €28,179 | +€13,179 | +87.9% |
| Cash at bank and in hand | 54/58 | €37,101 | €20,804 | -€16,297 | -43.9% |
| Total equity and liabilities | 10/49 | €148,456 | €123,574 | -€24,882 | -16.8% |
| Equity | 10/15 | -€67,998 | -€86,264 | -€18,266 | -26.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,998 | -€91,264 | -€18,266 | -25.0% |
| Amounts payable | 17/49 | €216,454 | €209,838 | -€6,615 | -3.1% |
| Amounts payable within one year | 42/48 | €216,454 | €209,838 | -€6,615 | -3.1% |
| Trade debts | 44 | €57,254 | €30,571 | -€26,684 | -46.6% |
| Suppliers | 440/4 | €57,254 | €30,571 | -€26,684 | -46.6% |
| Taxes, remuneration and social security | 45 | €41,755 | €55,410 | +€13,655 | +32.7% |
| Taxes | 450/3 | €11,934 | €11,346 | -€589 | -4.9% |
| Remuneration and social security | 454/9 | €29,821 | €44,064 | +€14,243 | +47.8% |
| Other amounts payable | 47/48 | €117,444 | €123,858 | +€6,414 | +5.5% |
| Non-recurring operating income | 76A | €648 | €14,403 | +€13,755 | +2,122% |
| Remuneration, social security and pensions | 62 | €251,614 | €309,925 | +€58,311 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,591 | €27,270 | +€1,679 | +6.6% |
| Other operating charges | 640/8 | €285 | €332 | +€47 | +16.5% |
| Gross operating margin | 9900 | €250,484 | €329,444 | +€78,960 | +31.5% |
| Operating profit (loss) | 9901 | -€27,006 | -€8,083 | +€18,923 | +70.1% |
| Financial income | 75/76B | €13 | €139 | +€126 | +940% |
| Recurring financial income | 75 | €13 | €139 | +€126 | +940% |
| Financial charges | 65/66B | €12,912 | €10,304 | -€2,608 | -20.2% |
| Recurring financial charges | 65 | €12,912 | €10,304 | -€2,608 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,904 | -€18,248 | +€21,656 | +54.3% |
| Income taxes | 67/77 | - | €18 | +€18 | |
| Profit (loss) for the period | 9904 | -€39,904 | -€18,266 | +€21,638 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,904 | -€18,266 | +€21,638 | +54.2% |
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 14 October 2026 via checked.be.