PHALCOR: 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.
PHALCOR
Largest movements
- Cash -€166,394
down €166,394 (-33.7%), from €493,219 to €326,825
mainly Other debts (-€106,105) and Tax, wage and social debts (-€29,471)
- Receivables within one year +€19,474
up €19,474 (+21.9%), from €88,909 to €108,382
of which Other amounts receivable: +€16,110
- Other debts -€106,105
down €106,105 (-56.5%), from €187,753 to €81,648
- Tax, wage and social debts -€29,471
no longer reported in 2025 (was €29,471)
- Profit (loss) carried forward -€7,940
new in 2025: -€7,940
- Gross operating margin -€169,140
down €169,140, from €163,005 to -€6,135
- Taxes -€45,986
down €45,986 (-98.6%), from €46,630 to €643
- Depreciation -€10,262
down €10,262 (-83.0%), from €12,366 to €2,104
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 | €589,956 | €442,289 | -€147,668 | -25.0% |
| Fixed assets | 21/28 | €4,528 | €3,828 | -€700 | -15.5% |
| Tangible fixed assets | 22/27 | €4,528 | €3,828 | -€700 | -15.5% |
| Plant, machinery and equipment | 23 | €513 | €348 | -€165 | -32.1% |
| Furniture and vehicles | 24 | €2,659 | €2,464 | -€195 | -7.3% |
| Other tangible fixed assets | 26 | €1,355 | €1,015 | -€340 | -25.1% |
| Current assets | 29/58 | €585,428 | €438,461 | -€146,968 | -25.1% |
| Amounts receivable within one year | 40/41 | €88,909 | €108,382 | +€19,474 | +21.9% |
| Trade receivables | 40 | €22,867 | €26,230 | +€3,364 | +14.7% |
| Other amounts receivable | 41 | €66,042 | €82,152 | +€16,110 | +24.4% |
| Cash at bank and in hand | 54/58 | €493,219 | €326,825 | -€166,394 | -33.7% |
| Deferred charges and accrued income | 490/1 | €3,301 | €3,254 | -€47 | -1.4% |
| Total equity and liabilities | 10/49 | €589,956 | €442,289 | -€147,668 | -25.0% |
| Equity | 10/15 | €367,548 | €359,607 | -€7,940 | -2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €361,348 | €361,348 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €359,488 | €361,348 | +€1,860 | +0.5% |
| Profit (loss) carried forward | 14 | - | -€7,940 | -€7,940 | |
| Amounts payable | 17/49 | €222,409 | €82,681 | -€139,727 | -62.8% |
| Amounts payable within one year | 42/48 | €220,709 | €82,181 | -€138,527 | -62.8% |
| Financial debts | 43 | €363 | €46 | -€317 | -87.2% |
| Credit institutions | 430/8 | €363 | €46 | -€317 | -87.2% |
| Trade debts | 44 | €3,121 | €486 | -€2,635 | -84.4% |
| Suppliers | 440/4 | €3,121 | €486 | -€2,635 | -84.4% |
| Taxes, remuneration and social security | 45 | €29,471 | - | -€29,471 | |
| Taxes | 450/3 | €29,471 | - | -€29,471 | |
| Other amounts payable | 47/48 | €187,753 | €81,648 | -€106,105 | -56.5% |
| Accrued charges and deferred income | 492/3 | €1,700 | €500 | -€1,200 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,366 | €2,104 | -€10,262 | -83.0% |
| Other operating charges | 640/8 | €604 | €1,625 | +€1,021 | +169% |
| Gross operating margin | 9900 | €163,005 | -€6,135 | -€169,140 | |
| Operating profit (loss) | 9901 | €150,035 | -€9,864 | -€159,899 | |
| Financial income | 75/76B | €2,229 | €2,760 | +€532 | +23.9% |
| Recurring financial income | 75 | €2,229 | €2,760 | +€532 | +23.9% |
| Financial charges | 65/66B | €197 | €194 | -€4 | -1.8% |
| Recurring financial charges | 65 | €197 | €194 | -€4 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €152,066 | -€7,297 | -€159,363 | |
| Income taxes | 67/77 | €46,630 | €643 | -€45,986 | -98.6% |
| Profit (loss) for the period | 9904 | €105,437 | -€7,940 | -€113,377 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,437 | -€7,940 | -€113,377 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.