PHAMA: 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.
PHAMA
Largest movements
- Tangible fixed assets +€13,175
up €13,175 (+43.7%), from €30,171 to €43,345
of which Other tangible fixed assets: +€19,527
- Cash -€4,606
down €4,606 (-39.7%), from €11,605 to €6,999
mainly Investment in fixed assets (net) (-€22,728) and Net result for the year (-€6,371)
- Receivables within one year +€2,077
up €2,077 (+6.9%), from €30,189 to €32,266
of which Other amounts receivable: +€2,077
- Other debts +€21,000
up €21,000 (+31.3%), from €67,097 to €88,097
- Profit (loss) carried forward -€6,371
down €6,371 (-6.0%), from -€106,838 to -€113,210
- Trade debts -€3,747
down €3,747 (-20.2%), from €18,543 to €14,796
- Gross operating margin -€1,950
down €1,950 (-19.9%), from €9,820 to €7,870
- Financial charges +€260
up €260 (+50.9%), from €510 to €770
- Other operating charges -€236
down €236 (-9.0%), from €2,627 to €2,391
- Taxes -€235
down €235 (-13.3%), from €1,762 to €1,528
- Depreciation -€164
down €164 (-1.7%), from €9,717 to €9,553
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 | €73,065 | €83,711 | +€10,646 | +14.6% |
| Fixed assets | 21/28 | €31,271 | €44,445 | +€13,175 | +42.1% |
| Tangible fixed assets | 22/27 | €30,171 | €43,345 | +€13,175 | +43.7% |
| Plant, machinery and equipment | 23 | €2,347 | €1,707 | -€640 | -27.3% |
| Furniture and vehicles | 24 | €8,568 | €2,856 | -€5,712 | -66.7% |
| Other tangible fixed assets | 26 | €19,256 | €38,783 | +€19,527 | +101.4% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €41,794 | €39,266 | -€2,528 | -6.0% |
| Amounts receivable within one year | 40/41 | €30,189 | €32,266 | +€2,077 | +6.9% |
| Trade receivables | 40 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 41 | €189 | €2,266 | +€2,077 | +1099.0% |
| Cash at bank and in hand | 54/58 | €11,605 | €6,999 | -€4,606 | -39.7% |
| Total equity and liabilities | 10/49 | €73,065 | €83,711 | +€10,646 | +14.6% |
| Equity | 10/15 | -€44,338 | -€50,710 | -€6,371 | -14.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,838 | -€113,210 | -€6,371 | -6.0% |
| Amounts payable | 17/49 | €117,403 | €134,421 | +€17,018 | +14.5% |
| Amounts payable within one year | 42/48 | €117,403 | €134,421 | +€17,018 | +14.5% |
| Trade debts | 44 | €18,543 | €14,796 | -€3,747 | -20.2% |
| Suppliers | 440/4 | €18,543 | €14,796 | -€3,747 | -20.2% |
| Advances received on contracts in progress | 46 | €30,000 | €30,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,762 | €1,528 | -€235 | -13.3% |
| Taxes | 450/3 | €1,762 | €1,528 | -€235 | -13.3% |
| Other amounts payable | 47/48 | €67,097 | €88,097 | +€21,000 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,717 | €9,553 | -€164 | -1.7% |
| Other operating charges | 640/8 | €2,627 | €2,391 | -€236 | -9.0% |
| Gross operating margin | 9900 | €9,820 | €7,870 | -€1,950 | -19.9% |
| Operating profit (loss) | 9901 | -€2,524 | -€4,074 | -€1,550 | -61.4% |
| Financial charges | 65/66B | €510 | €770 | +€260 | +50.9% |
| Recurring financial charges | 65 | €510 | €770 | +€260 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,034 | -€4,844 | -€1,810 | -59.7% |
| Income taxes | 67/77 | €1,762 | €1,528 | -€235 | -13.3% |
| Profit (loss) for the period | 9904 | -€4,796 | -€6,371 | -€1,575 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,796 | -€6,371 | -€1,575 | -32.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.