phagwara: 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.
phagwara
Largest movements
- Receivables within one year -€899
down €899 (-72.2%), from €1,244 to €345
- Stocks and contracts +€546
up €546 (+2.4%), from €22,505 to €23,050
- Profit (loss) carried forward -€10,950
down €10,950 (-149%), from -€7,373 to -€18,323
- Tax, wage and social debts +€4,889
up €4,889 (+127%), from €3,852 to €8,740
of which Remuneration and social security: +€3,105
- Trade debts +€4,772
up €4,772 (+441%), from €1,082 to €5,854
- Short-term financial debts +€1,637
up €1,637 (+12.3%), from €13,318 to €14,954
- Accrued charges and deferred income -€900
no longer reported in 2025 (was €900)
- Staff costs +€12,664
up €12,664 (+141%), from €8,966 to €21,629
- Gross operating margin -€7,671
down €7,671 (-30.5%), from €25,115 to €17,444
- Other operating charges +€790
up €790 (+17.4%), from €4,543 to €5,333
- Taxes -€278
down €278 (-22.1%), from €1,255 to €978
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 | €30,839 | €30,285 | -€554 | -1.8% |
| Fixed assets | 21/28 | €185 | €185 | = | 0.0% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €30,654 | €30,100 | -€554 | -1.8% |
| Stocks and contracts in progress | 3 | €22,505 | €23,050 | +€546 | +2.4% |
| Stocks | 30/36 | €22,505 | €23,050 | +€546 | +2.4% |
| Amounts receivable within one year | 40/41 | €1,244 | €345 | -€899 | -72.2% |
| Other amounts receivable | 41 | €1,244 | €345 | -€899 | -72.2% |
| Cash at bank and in hand | 54/58 | €6,905 | €6,704 | -€201 | -2.9% |
| Total equity and liabilities | 10/49 | €30,839 | €30,285 | -€554 | -1.8% |
| Equity | 10/15 | €11,687 | €736 | -€10,951 | -93.7% |
| Contributions | 10/11 | €18,600 | €18,599 | -€1 | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €460 | €460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €460 | - | -€460 | |
| Legal reserve | 130 | €460 | - | -€460 | |
| Distributable reserves | 133 | - | €460 | +€460 | |
| Profit (loss) carried forward | 14 | -€7,373 | -€18,323 | -€10,950 | -149% |
| Amounts payable | 17/49 | €19,152 | €29,549 | +€10,397 | +54.3% |
| Amounts payable within one year | 42/48 | €18,252 | €29,549 | +€11,297 | +61.9% |
| Financial debts | 43 | €13,318 | €14,954 | +€1,637 | +12.3% |
| Credit institutions | 430/8 | €13,318 | €14,954 | +€1,637 | +12.3% |
| Trade debts | 44 | €1,082 | €5,854 | +€4,772 | +441% |
| Suppliers | 440/4 | €1,082 | €5,854 | +€4,772 | +441% |
| Taxes, remuneration and social security | 45 | €3,852 | €8,740 | +€4,889 | +127% |
| Taxes | 450/3 | €1,090 | €2,874 | +€1,783 | +164% |
| Remuneration and social security | 454/9 | €2,761 | €5,867 | +€3,105 | +112% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Remuneration, social security and pensions | 62 | €8,966 | €21,629 | +€12,664 | +141% |
| Other operating charges | 640/8 | €4,543 | €5,333 | +€790 | +17.4% |
| Gross operating margin | 9900 | €25,115 | €17,444 | -€7,671 | -30.5% |
| Operating profit (loss) | 9901 | €11,606 | -€9,519 | -€21,125 | |
| Financial income | 75/76B | €69 | €1 | -€67 | -98.4% |
| Recurring financial income | 75 | €69 | €1 | -€67 | -98.4% |
| Financial charges | 65/66B | €460 | €454 | -€6 | -1.3% |
| Recurring financial charges | 65 | €460 | €454 | -€6 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €11,214 | -€9,972 | -€21,186 | |
| Income taxes | 67/77 | €1,255 | €978 | -€278 | -22.1% |
| Profit (loss) for the period | 9904 | €9,959 | -€10,950 | -€20,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,959 | -€10,950 | -€20,909 |
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 17 October 2026 via checked.be.