PHANTICO: 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.
PHANTICO
Largest movements
- Tangible fixed assets +€29,835
new in 2025: €29,835
of which Land and buildings: +€27,602
- Receivables within one year -€14,969
down €14,969 (-40.6%), from €36,912 to €21,943
of which Trade receivables: -€14,447
- Cash +€12,418
up €12,418 (+22.4%), from €55,523 to €67,941
mainly Other debts (+€56,470) and Net result for the year (+€30,933)
- Other debts +€56,470
up €56,470 (+880.7%), from €6,412 to €62,882
- Reserves -€44,067
down €44,067 (-96.5%), from €45,648 to €1,580
- Tax, wage and social debts +€22,168
up €22,168 (+125.1%), from €17,723 to €39,890
- Trade debts -€8,387
down €8,387 (-44.2%), from €18,968 to €10,580
- Gross operating margin +€19,101
up €19,101 (+67.3%), from €28,397 to €47,498
- Taxes +€6,399
up €6,399 (+91.7%), from €6,976 to €13,375
- Depreciation +€1,253
new in 2025: €1,253
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 | €93,094 | €120,399 | +€27,305 | +29.3% |
| Fixed assets | 21/28 | - | €29,835 | +€29,835 | |
| Tangible fixed assets | 22/27 | - | €29,835 | +€29,835 | |
| Land and buildings | 22 | - | €27,602 | +€27,602 | |
| Plant, machinery and equipment | 23 | - | €1,043 | +€1,043 | |
| Furniture and vehicles | 24 | - | €1,190 | +€1,190 | |
| Current assets | 29/58 | €93,094 | €90,564 | -€2,530 | -2.7% |
| Amounts receivable within one year | 40/41 | €36,912 | €21,943 | -€14,969 | -40.6% |
| Trade receivables | 40 | €36,167 | €21,720 | -€14,447 | -39.9% |
| Other amounts receivable | 41 | €746 | €224 | -€522 | -70.0% |
| Cash at bank and in hand | 54/58 | €55,523 | €67,941 | +€12,418 | +22.4% |
| Deferred charges and accrued income | 490/1 | €659 | €680 | +€21 | +3.2% |
| Total equity and liabilities | 10/49 | €93,094 | €120,399 | +€27,305 | +29.3% |
| Equity | 10/15 | €49,648 | €5,580 | -€44,067 | -88.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €45,648 | €1,580 | -€44,067 | -96.5% |
| Distributable reserves | 133 | €45,648 | €1,580 | -€44,067 | -96.5% |
| Amounts payable | 17/49 | €43,446 | €114,818 | +€71,372 | +164.3% |
| Amounts payable within one year | 42/48 | €43,383 | €114,687 | +€71,305 | +164.4% |
| Financial debts | 43 | €280 | €1,334 | +€1,054 | +376.5% |
| Credit institutions | 430/8 | €280 | €1,334 | +€1,054 | +376.5% |
| Trade debts | 44 | €18,968 | €10,580 | -€8,387 | -44.2% |
| Suppliers | 440/4 | €18,968 | €10,580 | -€8,387 | -44.2% |
| Taxes, remuneration and social security | 45 | €17,723 | €39,890 | +€22,168 | +125.1% |
| Taxes | 450/3 | €17,723 | €39,890 | +€22,168 | +125.1% |
| Other amounts payable | 47/48 | €6,412 | €62,882 | +€56,470 | +880.7% |
| Accrued charges and deferred income | 492/3 | €64 | €131 | +€67 | +105.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,253 | +€1,253 | |
| Other operating charges | 640/8 | €1,559 | €1,343 | -€215 | -13.8% |
| Gross operating margin | 9900 | €28,397 | €47,498 | +€19,101 | +67.3% |
| Operating profit (loss) | 9901 | €26,839 | €44,903 | +€18,064 | +67.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €790 | €595 | -€195 | -24.7% |
| Recurring financial charges | 65 | €790 | €595 | -€195 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €26,050 | €44,308 | +€18,258 | +70.1% |
| Income taxes | 67/77 | €6,976 | €13,375 | +€6,399 | +91.7% |
| Profit (loss) for the period | 9904 | €19,074 | €30,933 | +€11,859 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,074 | €30,933 | +€11,859 | +62.2% |
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 3 October 2026 via checked.be.