PHAO BAT: 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.
PHAO BAT
Largest movements
- Cash -€47,779
down €47,779 (-79.6%), from €60,037 to €12,258
mainly Contributions, distributions and other (-€90,556) and Receivables within one year (-€6,821)
- Current investments -€19,106
no longer reported in 2024 (was €19,106)
- Receivables within one year +€6,821
up €6,821 (+31.8%), from €21,449 to €28,270
of which Trade receivables: +€12,233
- Stocks and contracts +€5,289
up €5,289 (+391%), from €1,351 to €6,640
- Profit (loss) carried forward -€55,772
down €55,772 (-86.6%), from €64,415 to €8,644
- Contributions -€16,600
down €16,600 (-89.2%), from €18,600 to €2,000
- Other debts +€16,548
up €16,548 (+687%), from €2,410 to €18,958
- Tax, wage and social debts +€3,821
up €3,821 (+342%), from €1,116 to €4,937
of which Taxes: +€4,937
- Reserves -€1,860
no longer reported in 2024 (was €1,860)
- Gross operating margin +€6,098
up €6,098 (+41.4%), from €14,735 to €20,833
- Depreciation -€5,113
down €5,113 (-87.8%), from €5,823 to €710
- Taxes +€2,117
up €2,117 (+188%), from €1,127 to €3,244
- Financial income -€1,478
down €1,478 (-63.2%), from €2,337 to €859
- Other operating charges -€1,209
down €1,209 (-74.0%), from €1,633 to €424
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,134 | €47,842 | -€55,292 | -53.6% |
| Fixed assets | 21/28 | €1,190 | €480 | -€710 | -59.7% |
| Tangible fixed assets | 22/27 | €1,190 | €480 | -€710 | -59.7% |
| Plant, machinery and equipment | 23 | €1,190 | €480 | -€710 | -59.7% |
| Current assets | 29/58 | €101,944 | €47,362 | -€54,582 | -53.5% |
| Stocks and contracts in progress | 3 | €1,351 | €6,640 | +€5,289 | +391% |
| Stocks | 30/36 | €1,351 | €6,640 | +€5,289 | +391% |
| Amounts receivable within one year | 40/41 | €21,449 | €28,270 | +€6,821 | +31.8% |
| Trade receivables | 40 | €15,975 | €28,208 | +€12,233 | +76.6% |
| Other amounts receivable | 41 | €5,474 | €62 | -€5,412 | -98.9% |
| Current investments | 50/53 | €19,106 | - | -€19,106 | |
| Cash at bank and in hand | 54/58 | €60,037 | €12,258 | -€47,779 | -79.6% |
| Deferred charges and accrued income | 490/1 | - | €193 | +€193 | |
| Total equity and liabilities | 10/49 | €103,134 | €47,842 | -€55,292 | -53.6% |
| Equity | 10/15 | €84,875 | €10,644 | -€74,232 | -87.5% |
| Contributions | 10/11 | €18,600 | €2,000 | -€16,600 | -89.2% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €64,415 | €8,644 | -€55,772 | -86.6% |
| Amounts payable | 17/49 | €18,259 | €37,198 | +€18,939 | +104% |
| Amounts payable within one year | 42/48 | €17,238 | €37,198 | +€19,960 | +116% |
| Trade debts | 44 | €13,712 | €13,303 | -€409 | -3.0% |
| Suppliers | 440/4 | €13,712 | €13,303 | -€409 | -3.0% |
| Taxes, remuneration and social security | 45 | €1,116 | €4,937 | +€3,821 | +342% |
| Taxes | 450/3 | - | €4,937 | +€4,937 | |
| Remuneration and social security | 454/9 | €1,116 | - | -€1,116 | |
| Other amounts payable | 47/48 | €2,410 | €18,958 | +€16,548 | +687% |
| Accrued charges and deferred income | 492/3 | €1,021 | - | -€1,021 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,823 | €710 | -€5,113 | -87.8% |
| Other operating charges | 640/8 | €1,633 | €424 | -€1,209 | -74.0% |
| Gross operating margin | 9900 | €14,735 | €20,833 | +€6,098 | +41.4% |
| Operating profit (loss) | 9901 | €7,279 | €19,699 | +€12,420 | +171% |
| Financial income | 75/76B | €2,337 | €859 | -€1,478 | -63.2% |
| Recurring financial income | 75 | €2,337 | €859 | -€1,478 | -63.2% |
| Financial charges | 65/66B | €201 | €990 | +€788 | +391% |
| Recurring financial charges | 65 | €201 | €990 | +€788 | +391% |
| Profit (loss) for the period before taxes | 9903 | €9,414 | €19,568 | +€10,154 | +108% |
| Income taxes | 67/77 | €1,127 | €3,244 | +€2,117 | +188% |
| Profit (loss) for the period | 9904 | €8,287 | €16,324 | +€8,037 | +97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,287 | €16,324 | +€8,037 | +97.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.