PHAGES ADEPTE: 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.
PHAGES ADEPTE
Largest movements
- Receivables within one year -€6,947
down €6,947 (-42.5%), from €16,339 to €9,392
of which Trade receivables: -€5,664
- Tangible fixed assets +€1,288
new in 2025: €1,288
- Cash +€604
up €604 (+8.8%), from €6,872 to €7,476
mainly Net result for the year (+€10,288) and Receivables within one year (+€6,947)
- Other debts -€14,000
no longer reported in 2025 (was €14,000)
- Profit (loss) carried forward +€10,288
up €10,288 (+1,495%), from €688 to €10,976
- Tax, wage and social debts -€1,318
down €1,318 (-19.2%), from €6,877 to €5,559
- Gross operating margin -€4,372
down €4,372 (-23.1%), from €18,932 to €14,560
- Taxes -€235
down €235 (-5.5%), from €4,244 to €4,009
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 | €23,211 | €18,274 | -€4,938 | -21.3% |
| Fixed assets | 21/28 | - | €1,288 | +€1,288 | |
| Tangible fixed assets | 22/27 | - | €1,288 | +€1,288 | |
| Land and buildings | 22 | - | €1,288 | +€1,288 | |
| Current assets | 29/58 | €23,211 | €16,986 | -€6,225 | -26.8% |
| Amounts receivable within one year | 40/41 | €16,339 | €9,392 | -€6,947 | -42.5% |
| Trade receivables | 40 | €5,664 | - | -€5,664 | |
| Other amounts receivable | 41 | €10,675 | €9,392 | -€1,283 | -12.0% |
| Cash at bank and in hand | 54/58 | €6,872 | €7,476 | +€604 | +8.8% |
| Deferred charges and accrued income | 490/1 | - | €118 | +€118 | |
| Total equity and liabilities | 10/49 | €23,211 | €18,274 | -€4,938 | -21.3% |
| Equity | 10/15 | €1,688 | €11,976 | +€10,288 | +609% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €688 | €10,976 | +€10,288 | +1,495% |
| Amounts payable | 17/49 | €21,523 | €6,298 | -€15,225 | -70.7% |
| Amounts payable within one year | 42/48 | €21,523 | €6,298 | -€15,225 | -70.7% |
| Trade debts | 44 | €646 | €738 | +€92 | +14.3% |
| Suppliers | 440/4 | €646 | €738 | +€92 | +14.3% |
| Taxes, remuneration and social security | 45 | €6,877 | €5,559 | -€1,318 | -19.2% |
| Taxes | 450/3 | €6,877 | €5,559 | -€1,318 | -19.2% |
| Other amounts payable | 47/48 | €14,000 | - | -€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €121 | +€121 | |
| Gross operating margin | 9900 | €18,932 | €14,560 | -€4,372 | -23.1% |
| Operating profit (loss) | 9901 | €18,932 | €14,439 | -€4,493 | -23.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €143 | +€143 | |
| Recurring financial charges | 65 | - | €143 | +€143 | |
| Profit (loss) for the period before taxes | 9903 | €18,932 | €14,296 | -€4,635 | -24.5% |
| Income taxes | 67/77 | €4,244 | €4,009 | -€235 | -5.5% |
| Profit (loss) for the period | 9904 | €14,688 | €10,288 | -€4,400 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,688 | €10,288 | -€4,400 | -30.0% |
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 19 October 2026 via checked.be.