Phang: 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.
Phang
Largest movements
- Deferred charges and accrued income +€83,044
up €83,044 (+2,006%), from €4,140 to €87,183
- Tangible fixed assets -€29,410
down €29,410 (-32.5%), from €90,437 to €61,027
- Receivables within one year +€11,212
up €11,212 (+31.2%), from €35,943 to €47,156
of which Trade receivables: +€15,281
- Reserves +€35,661
up €35,661 (+16.3%), from €219,283 to €254,945
- Trade debts +€24,671
up €24,671 (+306%), from €8,064 to €32,735
- Tax, wage and social debts +€4,500
up €4,500 (+30.0%), from €15,009 to €19,510
of which Taxes: +€4,500
- Gross operating margin -€11,579
down €11,579 (-13.5%), from €85,999 to €74,420
- Financial income +€4,866
up €4,866 (+1,322%), from €368 to €5,234
- Depreciation +€2,607
up €2,607 (+9.7%), from €26,803 to €29,410
- Financial charges -€1,081
down €1,081 (-50.2%), from €2,152 to €1,071
- Taxes +€982
up €982 (+8.4%), from €11,690 to €12,672
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 | €245,357 | €310,189 | +€64,832 | +26.4% |
| Fixed assets | 21/28 | €90,437 | €61,027 | -€29,410 | -32.5% |
| Tangible fixed assets | 22/27 | €90,437 | €61,027 | -€29,410 | -32.5% |
| Furniture and vehicles | 24 | €90,437 | €61,027 | -€29,410 | -32.5% |
| Current assets | 29/58 | €154,920 | €249,162 | +€94,242 | +60.8% |
| Amounts receivable within one year | 40/41 | €35,943 | €47,156 | +€11,212 | +31.2% |
| Trade receivables | 40 | €23,449 | €38,730 | +€15,281 | +65.2% |
| Other amounts receivable | 41 | €12,494 | €8,425 | -€4,069 | -32.6% |
| Cash at bank and in hand | 54/58 | €114,837 | €114,823 | -€14 | 0.0% |
| Deferred charges and accrued income | 490/1 | €4,140 | €87,183 | +€83,044 | +2,006% |
| Total equity and liabilities | 10/49 | €245,357 | €310,189 | +€64,832 | +26.4% |
| Equity | 10/15 | €222,283 | €257,945 | +€35,661 | +16.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €219,283 | €254,945 | +€35,661 | +16.3% |
| Distributable reserves | 133 | €219,283 | €254,945 | +€35,661 | +16.3% |
| Amounts payable | 17/49 | €23,074 | €52,245 | +€29,171 | +126% |
| Amounts payable within one year | 42/48 | €23,074 | €52,245 | +€29,171 | +126% |
| Trade debts | 44 | €8,064 | €32,735 | +€24,671 | +306% |
| Suppliers | 440/4 | €8,064 | €32,735 | +€24,671 | +306% |
| Taxes, remuneration and social security | 45 | €15,009 | €19,510 | +€4,500 | +30.0% |
| Taxes | 450/3 | €11,709 | €16,210 | +€4,500 | +38.4% |
| Remuneration and social security | 454/9 | €3,300 | €3,300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,803 | €29,410 | +€2,607 | +9.7% |
| Other operating charges | 640/8 | €1,343 | €841 | -€502 | -37.4% |
| Non-recurring operating charges | 66A | €534 | - | -€534 | |
| Gross operating margin | 9900 | €85,999 | €74,420 | -€11,579 | -13.5% |
| Operating profit (loss) | 9901 | €57,320 | €44,169 | -€13,150 | -22.9% |
| Financial income | 75/76B | €368 | €5,234 | +€4,866 | +1,322% |
| Recurring financial income | 75 | €368 | €5,234 | +€4,866 | +1,322% |
| Financial charges | 65/66B | €2,152 | €1,071 | -€1,081 | -50.2% |
| Recurring financial charges | 65 | €2,152 | €1,071 | -€1,081 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €55,536 | €48,333 | -€7,203 | -13.0% |
| Income taxes | 67/77 | €11,690 | €12,672 | +€982 | +8.4% |
| Profit (loss) for the period | 9904 | €43,847 | €35,661 | -€8,186 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,847 | €35,661 | -€8,186 | -18.7% |
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.