PHAISTOS: what changed
Two fiscal 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.
PHAISTOS
Largest movements
- Receivables within one year -€21,114
down €21,114 (-93.5%), from €22,594 to €1,480
- Tangible fixed assets -€17,237
down €17,237 (-4.1%), from €418,650 to €401,413
of which Land and buildings: -€15,424
- Cash +€10,496
up €10,496 (+31.3%), from €33,514 to €44,010
mainly Receivables within one year (+€21,114) and Depreciation (+€16,585)
- Debts after one year -€32,869
down €32,869 (-12.8%), from €256,129 to €223,259
- Reserves +€7,500
up €7,500 (+5.0%), from €150,800 to €158,300
- Gross operating margin +€2,645
up €2,645 (+7.0%), from €37,646 to €40,291
- Taxes +€1,114
up €1,114 (+46.3%), from €2,406 to €3,520
- Financial charges -€1,069
down €1,069 (-9.6%), from €11,143 to €10,075
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.
Cash bridge derived
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 | €476,546 | €451,894 | -€24,652 | -5.2% |
| Fixed assets | 21/28 | €418,650 | €401,413 | -€17,237 | -4.1% |
| Tangible fixed assets | 22/27 | €418,650 | €401,413 | -€17,237 | -4.1% |
| Land and buildings | 22 | €387,834 | €372,410 | -€15,424 | -4.0% |
| Plant, machinery and equipment | 23 | €4,709 | €3,548 | -€1,161 | -24.6% |
| Other tangible fixed assets | 26 | €26,107 | €25,454 | -€652 | -2.5% |
| Current assets | 29/58 | €57,897 | €50,482 | -€7,415 | -12.8% |
| Amounts receivable within one year | 40/41 | €22,594 | €1,480 | -€21,114 | -93.5% |
| Other amounts receivable | 41 | €22,594 | €1,480 | -€21,114 | -93.5% |
| Cash at bank and in hand | 54/58 | €33,514 | €44,010 | +€10,496 | +31.3% |
| Deferred charges and accrued income | 490/1 | €1,788 | €4,992 | +€3,204 | +179.1% |
| Total equity and liabilities | 10/49 | €476,546 | €451,894 | -€24,652 | -5.2% |
| Equity | 10/15 | €187,991 | €195,551 | +€7,560 | +4.0% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €150,800 | €158,300 | +€7,500 | +5.0% |
| Distributable reserves | 133 | €150,800 | €158,300 | +€7,500 | +5.0% |
| Profit (loss) carried forward | 14 | €16,740 | €16,800 | +€60 | +0.4% |
| Amounts payable | 17/49 | €288,555 | €256,343 | -€32,212 | -11.2% |
| Amounts payable after more than one year | 17 | €256,129 | €223,259 | -€32,869 | -12.8% |
| Financial debts | 170/4 | €256,129 | €223,259 | -€32,869 | -12.8% |
| Amounts payable within one year | 42/48 | €32,427 | €33,084 | +€657 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €31,741 | €32,869 | +€1,128 | +3.6% |
| Trade debts | 44 | €685 | €214 | -€471 | -68.8% |
| Suppliers | 440/4 | €685 | €214 | -€471 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,462 | €16,585 | +€123 | +0.7% |
| Other operating charges | 640/8 | €2,473 | €2,551 | +€78 | +3.1% |
| Gross operating margin | 9900 | €37,646 | €40,291 | +€2,645 | +7.0% |
| Operating profit (loss) | 9901 | €18,711 | €21,155 | +€2,444 | +13.1% |
| Financial charges | 65/66B | €11,143 | €10,075 | -€1,069 | -9.6% |
| Recurring financial charges | 65 | €11,143 | €10,075 | -€1,069 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €7,568 | €11,080 | +€3,512 | +46.4% |
| Income taxes | 67/77 | €2,406 | €3,520 | +€1,114 | +46.3% |
| Profit (loss) for the period | 9904 | €5,162 | €7,560 | +€2,398 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,162 | €7,560 | +€2,398 | +46.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.