Phanes: 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.
Phanes
Largest movements
- Receivables within one year +€108,520
up €108,520 (+31.2%), from €347,341 to €455,860
of which Other amounts receivable: +€128,732
- Financial fixed assets +€31,180
up €31,180 (+2.9%), from €1.1m to €1.1m
- Reserves +€96,000
up €96,000 (+7.5%), from €1.3m to €1.4m
of which Distributable reserves: +€96,000
- Other debts +€50,000
up €50,000 (+500.0%), from €10,000 to €60,000
- Financial income -€128,012
down €128,012 (-96.2%), from €133,061 to €5,049
- Turnover +€67,651
up €67,651 (+12.0%), from €563,419 to €631,070
- Gross operating margin +€40,736
up €40,736 (+22.5%), from €181,010 to €221,746
- Purchases and services +€18,451
up €18,451 (+4.6%), from €397,089 to €415,540
- Staff costs -€15,619
down €15,619 (-19.1%), from €81,722 to €66,102
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 | €1,428,285 | €1,567,521 | +€139,236 | +9.7% |
| Fixed assets | 21/28 | €1,073,537 | €1,104,069 | +€30,533 | +2.8% |
| Tangible fixed assets | 22/27 | €647 | - | -€647 | |
| Plant, machinery and equipment | 23 | €647 | - | -€647 | |
| Financial fixed assets | 28 | €1,072,889 | €1,104,069 | +€31,180 | +2.9% |
| Current assets | 29/58 | €354,749 | €463,452 | +€108,703 | +30.6% |
| Amounts receivable within one year | 40/41 | €347,341 | €455,860 | +€108,520 | +31.2% |
| Trade receivables | 40 | €113,552 | €93,340 | -€20,212 | -17.8% |
| Other amounts receivable | 41 | €233,789 | €362,521 | +€128,732 | +55.1% |
| Cash at bank and in hand | 54/58 | €6,039 | €6,321 | +€282 | +4.7% |
| Deferred charges and accrued income | 490/1 | €1,369 | €1,270 | -€99 | -7.2% |
| Total equity and liabilities | 10/49 | €1,428,285 | €1,567,521 | +€139,236 | +9.7% |
| Equity | 10/15 | €1,337,276 | €1,432,780 | +€95,503 | +7.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,274,600 | €1,370,600 | +€96,000 | +7.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,268,400 | €1,364,400 | +€96,000 | +7.6% |
| Profit (loss) carried forward | 14 | €676 | €180 | -€497 | -73.4% |
| Provisions and deferred taxes | 16 | - | €20 | +€20 | |
| Provisions for liabilities and charges | 160/5 | - | €20 | +€20 | |
| Pensions and similar obligations | 160 | - | €20 | +€20 | |
| Amounts payable | 17/49 | €91,009 | €134,722 | +€43,712 | +48.0% |
| Amounts payable within one year | 42/48 | €91,009 | €134,722 | +€43,712 | +48.0% |
| Trade debts | 44 | €68,054 | €64,615 | -€3,439 | -5.1% |
| Suppliers | 440/4 | €68,054 | €64,615 | -€3,439 | -5.1% |
| Taxes, remuneration and social security | 45 | €12,955 | €10,107 | -€2,848 | -22.0% |
| Taxes | 450/3 | €2,839 | €1,727 | -€1,113 | -39.2% |
| Remuneration and social security | 454/9 | €10,116 | €8,380 | -€1,736 | -17.2% |
| Other amounts payable | 47/48 | €10,000 | €60,000 | +€50,000 | +500.0% |
| Turnover | 70 | €563,419 | €631,070 | +€67,651 | +12.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €397,089 | €415,540 | +€18,451 | +4.6% |
| Remuneration, social security and pensions | 62 | €81,722 | €66,102 | -€15,619 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,026 | €647 | -€378 | -36.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20 | +€20 | |
| Other operating charges | 640/8 | €2,735 | €1,630 | -€1,105 | -40.4% |
| Non-recurring operating charges | 66A | €975 | - | -€975 | |
| Gross operating margin | 9900 | €181,010 | €221,746 | +€40,736 | +22.5% |
| Operating profit (loss) | 9901 | €94,553 | €153,347 | +€58,794 | +62.2% |
| Financial income | 75/76B | €133,061 | €5,049 | -€128,012 | -96.2% |
| Recurring financial income | 75 | €133,061 | €5,049 | -€128,012 | -96.2% |
| Financial charges | 65/66B | €1,720 | €2,897 | +€1,177 | +68.5% |
| Recurring financial charges | 65 | €1,720 | €2,897 | +€1,177 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | €225,895 | €155,500 | -€70,395 | -31.2% |
| Income taxes | 67/77 | €296 | -€4 | -€300 | |
| Profit (loss) for the period | 9904 | €225,598 | €155,503 | -€70,095 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €225,598 | €155,503 | -€70,095 | -31.1% |
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 11 October 2026 via checked.be.