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
- Tangible fixed assets -€27,324
down €27,324 (-11.4%), from €240,568 to €213,243
of which Furniture and vehicles: -€16,161
- Receivables after one year -€5,753
down €5,753 (-8.1%), from €70,936 to €65,183
- Cash -€5,511
down €5,511 (-36.2%), from €15,204 to €9,693
mainly Short-term financial debts (-€32,564) and Investment in fixed assets (net) (-€6,479)
- Short-term financial debts -€32,564
down €32,564 (-30.3%), from €107,564 to €75,000
- Current portion of long-term debt -€6,016
no longer reported in 2025 (was €6,016)
- Gross operating margin -€25,076
down €25,076 (-34.3%), from €73,039 to €47,963
- Taxes -€6,815
down €6,815 (-53.6%), from €12,717 to €5,901
- Other operating charges +€2,334
up €2,334 (+58.0%), from €4,022 to €6,356
- Depreciation +€1,579
up €1,579 (+4.9%), from €32,224 to €33,803
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 | €348,933 | €308,598 | -€40,334 | -11.6% |
| Fixed assets | 21/28 | €240,729 | €213,405 | -€27,324 | -11.4% |
| Tangible fixed assets | 22/27 | €240,568 | €213,243 | -€27,324 | -11.4% |
| Land and buildings | 22 | €199,826 | €192,600 | -€7,226 | -3.6% |
| Plant, machinery and equipment | 23 | €12,479 | €8,541 | -€3,938 | -31.6% |
| Furniture and vehicles | 24 | €28,263 | €12,102 | -€16,161 | -57.2% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €108,204 | €95,194 | -€13,010 | -12.0% |
| Amounts receivable after more than one year | 29 | €70,936 | €65,183 | -€5,753 | -8.1% |
| Other amounts receivable | 291 | €70,936 | €65,183 | -€5,753 | -8.1% |
| Amounts receivable within one year | 40/41 | €18,150 | €16,259 | -€1,891 | -10.4% |
| Trade receivables | 40 | €18,150 | €16,259 | -€1,891 | -10.4% |
| Cash at bank and in hand | 54/58 | €15,204 | €9,693 | -€5,511 | -36.2% |
| Deferred charges and accrued income | 490/1 | €3,914 | €4,058 | +€145 | +3.7% |
| Total equity and liabilities | 10/49 | €348,933 | €308,598 | -€40,334 | -11.6% |
| Equity | 10/15 | €222,915 | €221,145 | -€1,770 | -0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €202,915 | €202,915 | = | 0.0% |
| Distributable reserves | 133 | €202,915 | €202,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,770 | -€1,770 | |
| Amounts payable | 17/49 | €126,018 | €87,453 | -€38,565 | -30.6% |
| Amounts payable within one year | 42/48 | €126,018 | €87,453 | -€38,565 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €6,016 | - | -€6,016 | |
| Financial debts | 43 | €107,564 | €75,000 | -€32,564 | -30.3% |
| Other loans | 439 | €107,564 | €75,000 | -€32,564 | -30.3% |
| Trade debts | 44 | €287 | €441 | +€154 | +53.5% |
| Suppliers | 440/4 | €287 | €441 | +€154 | +53.5% |
| Taxes, remuneration and social security | 45 | €12,151 | €12,012 | -€138 | -1.1% |
| Taxes | 450/3 | €12,151 | €12,012 | -€138 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,224 | €33,803 | +€1,579 | +4.9% |
| Other operating charges | 640/8 | €4,022 | €6,356 | +€2,334 | +58.0% |
| Gross operating margin | 9900 | €73,039 | €47,963 | -€25,076 | -34.3% |
| Operating profit (loss) | 9901 | €36,793 | €7,804 | -€28,989 | -78.8% |
| Financial income | 75/76B | €1,896 | €1,688 | -€208 | -11.0% |
| Recurring financial income | 75 | €1,896 | €1,688 | -€208 | -11.0% |
| Financial charges | 65/66B | €5,457 | €5,360 | -€97 | -1.8% |
| Recurring financial charges | 65 | €5,457 | €5,360 | -€97 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €33,232 | €4,132 | -€29,100 | -87.6% |
| Income taxes | 67/77 | €12,717 | €5,901 | -€6,815 | -53.6% |
| Profit (loss) for the period | 9904 | €20,515 | -€1,770 | -€22,285 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,515 | -€1,770 | -€22,285 |
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 4 October 2026 via checked.be.