PHALENES ET Cie: what changed
What changed
PHALENES ET Cie
filed annual accounts (NBB)
Net result for the year
€16,990
2024 · €26,263-€9,273
Equity
€1.1m
2024 · €1.0m+€16,990
Cash
€11,149
2024 · €6,552+€4,597
Balance sheet total
€2.5m
2024 · €2.6m-€43,045
Largest movements
Assets
- Tangible fixed assets -€53,226
down €53,226 (-3.4%), from €1.6m to €1.5m
of which Land and buildings: -€49,523
- Receivables within one year +€26,123
up €26,123 (+2.7%), from €976,955 to €1.0m
Equity and liabilities
- Debts after one year -€53,959
down €53,959 (-4.8%), from €1.1m to €1.1m
of which Financial debts: -€52,779
- Profit (loss) carried forward +€45,796
up €45,796, from -€40,779 to €5,018
- Reserves -€28,806
down €28,806 (-3.4%), from €838,370 to €809,564
Income statement
- Financial income -€23,623
no longer reported in 2025 (was €23,623)
- Gross operating margin +€11,673
up €11,673 (+15.7%), from €74,302 to €85,975
- Financial charges -€2,852
down €2,852 (-12.7%), from €22,486 to €19,634
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,263
Gross operating margin
+€11,673
Other operating charges
-€175
Financial income
-€23,623
Financial charges
+€2,852
Result 2025
€16,990
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€58,115
Investment
€0
Financing
-€53,518
Cash 2024
€6,552
From operations (derived)
+€58,115
Net result for the year
+€16,990
Depreciation
+€53,226
Receivables within one year
-€26,123
Deferred charges and accrued income
+€20,539
Provisions
-€9,602
Trade debts
-€137
Other debts
+€5,183
Accrued charges and deferred income
-€1,960
Financing
-€53,518
Debts after one year
-€53,959
Current portion of long-term debt
+€441
Cash 2025
€11,149
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,575,826 | €2,532,782 | -€43,045 | -1.7% |
| Fixed assets | 21/28 | €1,567,337 | €1,514,111 | -€53,226 | -3.4% |
| Tangible fixed assets | 22/27 | €1,567,337 | €1,514,111 | -€53,226 | -3.4% |
| Land and buildings | 22 | €1,560,820 | €1,511,298 | -€49,523 | -3.2% |
| Furniture and vehicles | 24 | €6,516 | €2,814 | -€3,703 | -56.8% |
| Current assets | 29/58 | €1,008,490 | €1,018,670 | +€10,181 | +1.0% |
| Amounts receivable within one year | 40/41 | €976,955 | €1,003,078 | +€26,123 | +2.7% |
| Other amounts receivable | 41 | €976,955 | €1,003,078 | +€26,123 | +2.7% |
| Cash at bank and in hand | 54/58 | €6,552 | €11,149 | +€4,597 | +70.2% |
| Deferred charges and accrued income | 490/1 | €24,982 | €4,443 | -€20,539 | -82.2% |
| Total equity and liabilities | 10/49 | €2,575,826 | €2,532,782 | -€43,045 | -1.7% |
| Equity | 10/15 | €1,033,091 | €1,050,080 | +€16,990 | +1.6% |
| Contributions | 10/11 | €235,499 | €235,499 | = | 0.0% |
| Capital | 10 | €235,499 | €235,499 | = | 0.0% |
| Issued capital | 100 | €235,499 | €235,499 | = | 0.0% |
| Reserves | 13 | €838,370 | €809,564 | -€28,806 | -3.4% |
| Tax-exempt reserves | 132 | €838,370 | €809,564 | -€28,806 | -3.4% |
| Profit (loss) carried forward | 14 | -€40,779 | €5,018 | +€45,796 | |
| Provisions and deferred taxes | 16 | €279,457 | €269,855 | -€9,602 | -3.4% |
| Deferred taxes | 168 | €279,457 | €269,855 | -€9,602 | -3.4% |
| Amounts payable | 17/49 | €1,263,279 | €1,212,847 | -€50,432 | -4.0% |
| Amounts payable after more than one year | 17 | €1,133,285 | €1,079,326 | -€53,959 | -4.8% |
| Financial debts | 170/4 | €1,113,295 | €1,060,516 | -€52,779 | -4.7% |
| Other amounts payable | 178/9 | €19,990 | €18,810 | -€1,180 | -5.9% |
| Amounts payable within one year | 42/48 | €127,184 | €132,671 | +€5,487 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €52,301 | €52,742 | +€441 | +0.8% |
| Trade debts | 44 | €213 | €76 | -€137 | -64.3% |
| Suppliers | 440/4 | €213 | €76 | -€137 | -64.3% |
| Other amounts payable | 47/48 | €74,670 | €79,853 | +€5,183 | +6.9% |
| Accrued charges and deferred income | 492/3 | €2,810 | €850 | -€1,960 | -69.8% |
| Non-recurring operating income | 76A | €128 | - | -€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,226 | €53,226 | = | 0.0% |
| Other operating charges | 640/8 | €5,554 | €5,728 | +€175 | +3.1% |
| Gross operating margin | 9900 | €74,302 | €85,975 | +€11,673 | +15.7% |
| Operating profit (loss) | 9901 | €15,523 | €27,021 | +€11,498 | +74.1% |
| Financial income | 75/76B | €23,623 | - | -€23,623 | |
| Recurring financial income | 75 | €23,623 | - | -€23,623 | |
| Financial charges | 65/66B | €22,486 | €19,634 | -€2,852 | -12.7% |
| Recurring financial charges | 65 | €22,486 | €19,634 | -€2,852 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €16,660 | €7,387 | -€9,273 | -55.7% |
| Transfer from deferred taxes | 780 | €9,602 | €9,602 | = | 0.0% |
| Profit (loss) for the period | 9904 | €26,263 | €16,990 | -€9,273 | -35.3% |
| Transfer from tax-exempt reserves | 789 | €28,806 | €28,806 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,069 | €45,796 | -€9,273 | -16.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.