PHAISTOS CONSULTING: 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.
PHAISTOS CONSULTING
Largest movements
- Tangible fixed assets -€62,710
down €62,710 (-12.2%), from €512,551 to €449,841
of which Assets under construction and advance payments: -€276,136
- Cash +€17,843
up €17,843 (+158%), from €11,301 to €29,145
mainly Depreciation (+€83,687) and Other debts (+€14,551)
- Receivables within one year +€10,330
up €10,330 (+87.8%), from €11,762 to €22,092
of which Trade receivables: +€6,411
- Debts after one year -€38,664
down €38,664 (-15.1%), from €255,923 to €217,259
of which Financial debts: -€37,324
- Other debts +€14,551
up €14,551 (+114%), from €12,786 to €27,337
- Depreciation +€70,492
up €70,492 (+534%), from €13,195 to €83,687
- Gross operating margin +€44,439
up €44,439 (+79.3%), from €56,074 to €100,513
- Other operating charges -€4,856
down €4,856 (-57.4%), from €8,461 to €3,604
- Taxes -€4,460
down €4,460 (-67.4%), from €6,616 to €2,156
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 | €536,988 | €504,301 | -€32,687 | -6.1% |
| Fixed assets | 21/28 | €512,551 | €449,841 | -€62,710 | -12.2% |
| Tangible fixed assets | 22/27 | €512,551 | €449,841 | -€62,710 | -12.2% |
| Land and buildings | 22 | €223,944 | €442,329 | +€218,385 | +97.5% |
| Plant, machinery and equipment | 23 | €9,199 | €5,292 | -€3,906 | -42.5% |
| Furniture and vehicles | 24 | €215 | - | -€215 | |
| Other tangible fixed assets | 26 | €3,058 | €2,219 | -€838 | -27.4% |
| Assets under construction and advance payments | 27 | €276,136 | - | -€276,136 | |
| Current assets | 29/58 | €24,437 | €54,460 | +€30,023 | +123% |
| Amounts receivable within one year | 40/41 | €11,762 | €22,092 | +€10,330 | +87.8% |
| Trade receivables | 40 | €9,358 | €15,769 | +€6,411 | +68.5% |
| Other amounts receivable | 41 | €2,404 | €6,323 | +€3,919 | +163% |
| Cash at bank and in hand | 54/58 | €11,301 | €29,145 | +€17,843 | +158% |
| Deferred charges and accrued income | 490/1 | €1,374 | €3,224 | +€1,850 | +135% |
| Total equity and liabilities | 10/49 | €536,988 | €504,301 | -€32,687 | -6.1% |
| Equity | 10/15 | €202,634 | €200,342 | -€2,291 | -1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €188,570 | €188,570 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €186,710 | €186,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,863 | €5,572 | -€2,291 | -29.1% |
| Amounts payable | 17/49 | €334,354 | €303,958 | -€30,396 | -9.1% |
| Amounts payable after more than one year | 17 | €255,923 | €217,259 | -€38,664 | -15.1% |
| Financial debts | 170/4 | €254,583 | €217,259 | -€37,324 | -14.7% |
| Other amounts payable | 178/9 | €1,340 | - | -€1,340 | |
| Amounts payable within one year | 42/48 | €77,601 | €86,700 | +€9,098 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €38,582 | €37,324 | -€1,258 | -3.3% |
| Trade debts | 44 | €12,585 | €10,449 | -€2,136 | -17.0% |
| Suppliers | 440/4 | €12,585 | €10,449 | -€2,136 | -17.0% |
| Taxes, remuneration and social security | 45 | €13,648 | €11,590 | -€2,059 | -15.1% |
| Taxes | 450/3 | €13,648 | €8,556 | -€5,092 | -37.3% |
| Remuneration and social security | 454/9 | - | €3,033 | +€3,033 | |
| Other amounts payable | 47/48 | €12,786 | €27,337 | +€14,551 | +114% |
| Accrued charges and deferred income | 492/3 | €830 | - | -€830 | |
| Non-recurring operating income | 76A | €15,045 | - | -€15,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,195 | €83,687 | +€70,492 | +534% |
| Other operating charges | 640/8 | €8,461 | €3,604 | -€4,856 | -57.4% |
| Gross operating margin | 9900 | €56,074 | €100,513 | +€44,439 | +79.3% |
| Operating profit (loss) | 9901 | €34,418 | €13,221 | -€21,196 | -61.6% |
| Financial income | 75/76B | €15 | €34 | +€18 | +121% |
| Recurring financial income | 75 | €15 | €34 | +€18 | +121% |
| Financial charges | 65/66B | €13,123 | €13,390 | +€267 | +2.0% |
| Recurring financial charges | 65 | €13,123 | €13,390 | +€267 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €21,310 | -€136 | -€21,445 | |
| Income taxes | 67/77 | €6,616 | €2,156 | -€4,460 | -67.4% |
| Profit (loss) for the period | 9904 | €14,694 | -€2,291 | -€16,985 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,694 | -€2,291 | -€16,985 |
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.