PHARE OUEST: 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.
PHARE OUEST
Largest movements
- Tangible fixed assets +€2,025
up €2,025 (+104%), from €1,953 to €3,977
- Receivables within one year +€1,594
up €1,594 (+24.1%), from €6,626 to €8,220
of which Other amounts receivable: +€1,820
- Cash +€925
up €925 (+251%), from €369 to €1,294
mainly Trade debts (+€3,002) and Advances received (+€2,500)
- Deferred charges and accrued income -€578
down €578 (-74.3%), from €778 to €200
- Trade debts +€3,002
up €3,002 (+123%), from €2,436 to €5,438
- Advances received +€2,500
new in 2025: €2,500
- Tax, wage and social debts -€2,342
down €2,342 (-46.4%), from €5,049 to €2,706
of which Taxes: -€1,595
- Current portion of long-term debt +€1,697
new in 2025: €1,697
- Profit (loss) carried forward -€884
down €884 (-48.9%), from €1,808 to €923
- Depreciation +€1,428
up €1,428 (+3,015%), from €47 to €1,475
- Staff costs +€832
new in 2025: €832
- Taxes -€277
down €277 (-56.0%), from €494 to €217
- Gross operating margin -€127
down €127 (-5.3%), from €2,378 to €2,251
- Financial charges +€62
up €62 (+71.9%), from €86 to €147
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 | €11,444 | €15,410 | +€3,966 | +34.7% |
| Fixed assets | 21/28 | €3,672 | €5,696 | +€2,025 | +55.1% |
| Tangible fixed assets | 22/27 | €1,953 | €3,977 | +€2,025 | +104% |
| Furniture and vehicles | 24 | €1,953 | €3,977 | +€2,025 | +104% |
| Financial fixed assets | 28 | €1,719 | €1,719 | = | 0.0% |
| Current assets | 29/58 | €7,772 | €9,713 | +€1,941 | +25.0% |
| Amounts receivable within one year | 40/41 | €6,626 | €8,220 | +€1,594 | +24.1% |
| Trade receivables | 40 | €6,358 | €6,131 | -€226 | -3.6% |
| Other amounts receivable | 41 | €268 | €2,088 | +€1,820 | +679% |
| Cash at bank and in hand | 54/58 | €369 | €1,294 | +€925 | +251% |
| Deferred charges and accrued income | 490/1 | €778 | €200 | -€578 | -74.3% |
| Total equity and liabilities | 10/49 | €11,444 | €15,410 | +€3,966 | +34.7% |
| Equity | 10/15 | €3,308 | €2,423 | -€884 | -26.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,808 | €923 | -€884 | -48.9% |
| Amounts payable | 17/49 | €8,137 | €12,987 | +€4,850 | +59.6% |
| Amounts payable within one year | 42/48 | €7,484 | €12,987 | +€5,502 | +73.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1,697 | +€1,697 | |
| Trade debts | 44 | €2,436 | €5,438 | +€3,002 | +123% |
| Suppliers | 440/4 | €2,436 | €5,438 | +€3,002 | +123% |
| Advances received on contracts in progress | 46 | - | €2,500 | +€2,500 | |
| Taxes, remuneration and social security | 45 | €5,049 | €2,706 | -€2,342 | -46.4% |
| Taxes | 450/3 | €2,457 | €862 | -€1,595 | -64.9% |
| Remuneration and social security | 454/9 | €2,592 | €1,844 | -€748 | -28.8% |
| Other amounts payable | 47/48 | - | €646 | +€646 | |
| Accrued charges and deferred income | 492/3 | €652 | - | -€652 | |
| Remuneration, social security and pensions | 62 | - | €832 | +€832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €1,475 | +€1,428 | +3,015% |
| Other operating charges | 640/8 | €471 | €416 | -€55 | -11.6% |
| Gross operating margin | 9900 | €2,378 | €2,251 | -€127 | -5.3% |
| Operating profit (loss) | 9901 | €1,860 | -€473 | -€2,333 | |
| Financial income | 75/76B | €1 | €2 | +€1 | +54.3% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +54.3% |
| Financial charges | 65/66B | €86 | €147 | +€62 | +71.9% |
| Recurring financial charges | 65 | €86 | €147 | +€62 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €1,775 | -€618 | -€2,394 | |
| Income taxes | 67/77 | €494 | €217 | -€277 | -56.0% |
| Profit (loss) for the period | 9904 | €1,281 | -€836 | -€2,117 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,281 | -€836 | -€2,117 |
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 23 October 2026 via checked.be.