PHANPHAN: 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.
PHANPHAN
Largest movements
- Tangible fixed assets +€62,663
up €62,663 (+2902.1%), from €2,159 to €64,822
of which Furniture and vehicles: +€63,132
- Receivables within one year -€16,532
down €16,532 (-67.3%), from €24,558 to €8,027
of which Other amounts receivable: -€16,532
- Debts after one year +€43,986
up €43,986 (+2867.8%), from €1,534 to €45,520
- Current portion of long-term debt +€12,741
up €12,741 (+984.8%), from €1,294 to €14,035
- Other debts -€9,188
down €9,188 (-35.5%), from €25,868 to €16,679
- Profit (loss) carried forward -€6,869
down €6,869 (-5.2%), from €131,822 to €124,953
- Tax, wage and social debts +€6,100
up €6,100, from €0 to €6,100
of which Taxes: +€6,100
- Depreciation +€10,138
up €10,138 (+2249.8%), from €451 to €10,589
- Gross operating margin -€8,650
down €8,650 (-52.1%), from €16,593 to €7,943
- Taxes -€3,586
down €3,586 (-100.0%), from €3,586 to €0
- Financial charges +€920
up €920 (+52.8%), from €1,743 to €2,664
- Other operating charges -€461
down €461 (-25.0%), from €1,840 to €1,379
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 | €183,660 | €228,392 | +€44,732 | +24.4% |
| Fixed assets | 21/28 | €109,429 | €172,092 | +€62,663 | +57.3% |
| Tangible fixed assets | 22/27 | €2,159 | €64,822 | +€62,663 | +2902.1% |
| Plant, machinery and equipment | 23 | €2,154 | €1,685 | -€469 | -21.8% |
| Furniture and vehicles | 24 | €5 | €63,137 | +€63,132 | +1270254.3% |
| Financial fixed assets | 28 | €107,270 | €107,270 | = | 0.0% |
| Current assets | 29/58 | €74,231 | €56,300 | -€17,931 | -24.2% |
| Amounts receivable within one year | 40/41 | €24,558 | €8,027 | -€16,532 | -67.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €24,558 | €8,027 | -€16,532 | -67.3% |
| Cash at bank and in hand | 54/58 | €49,673 | €47,860 | -€1,813 | -3.6% |
| Deferred charges and accrued income | 490/1 | €0 | €414 | +€414 | |
| Total equity and liabilities | 10/49 | €183,660 | €228,392 | +€44,732 | +24.4% |
| Equity | 10/15 | €152,282 | €145,413 | -€6,869 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,822 | €124,953 | -€6,869 | -5.2% |
| Amounts payable | 17/49 | €31,378 | €82,979 | +€51,601 | +164.4% |
| Amounts payable after more than one year | 17 | €1,534 | €45,520 | +€43,986 | +2867.8% |
| Financial debts | 170/4 | €1,534 | €45,520 | +€43,986 | +2867.8% |
| Amounts payable within one year | 42/48 | €29,844 | €37,460 | +€7,615 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €1,294 | €14,035 | +€12,741 | +984.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,683 | €645 | -€2,038 | -76.0% |
| Suppliers | 440/4 | €2,683 | €645 | -€2,038 | -76.0% |
| Taxes, remuneration and social security | 45 | €0 | €6,100 | +€6,100 | |
| Taxes | 450/3 | €0 | €6,100 | +€6,100 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,868 | €16,679 | -€9,188 | -35.5% |
| Remuneration, social security and pensions | 62 | - | €330 | +€330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451 | €10,589 | +€10,138 | +2249.8% |
| Other operating charges | 640/8 | €1,840 | €1,379 | -€461 | -25.0% |
| Gross operating margin | 9900 | €16,593 | €7,943 | -€8,650 | -52.1% |
| Operating profit (loss) | 9901 | €14,302 | -€4,355 | -€18,657 | |
| Financial income | 75/76B | €19 | €149 | +€130 | +701.3% |
| Recurring financial income | 75 | €19 | €149 | +€130 | +701.3% |
| Financial charges | 65/66B | €1,743 | €2,664 | +€920 | +52.8% |
| Recurring financial charges | 65 | €1,743 | €2,664 | +€920 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €12,577 | -€6,869 | -€19,447 | |
| Income taxes | 67/77 | €3,586 | €0 | -€3,586 | -100.0% |
| Profit (loss) for the period | 9904 | €8,991 | -€6,869 | -€15,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,991 | -€6,869 | -€15,860 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.