PHASYA: 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.
PHASYA
Largest movements
- Intangible fixed assets -€283,567
down €283,567 (-100.0%), from €283,581 to €15
- Receivables within one year -€235,253
down €235,253 (-84.5%), from €278,350 to €43,097
of which Trade receivables: -€246,239
- Cash -€18,416
down €18,416 (-95.4%), from €19,301 to €885
mainly Net result for the year (-€470,257) and Contributions, distributions and other (-€150,484)
- Profit (loss) carried forward -€470,257
down €470,257 (-24.1%), from -€1.9m to -€2.4m
- Other debts +€224,332
up €224,332 (+30.8%), from €728,992 to €953,324
- Investment grants -€150,484
down €150,484 (-100.0%), from €150,484 to €0
- Tax, wage and social debts -€96,672
down €96,672 (-100.0%), from €96,672 to €0
of which Remuneration and social security: -€78,592
- Trade debts -€34,539
down €34,539 (-81.0%), from €42,618 to €8,079
- Turnover -€402,429
down €402,429 (-62.5%), from €644,298 to €241,869
- Gross operating margin -€396,745
down €396,745, from €349,516 to -€47,229
- Staff costs -€288,351
down €288,351 (-55.3%), from €521,435 to €233,084
- Financial income +€150,484
up €150,484 (+71658942.9%), from €0 to €150,484
- Purchases and services -€24,906
down €24,906 (-7.9%), from €314,935 to €290,029
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 | €589,129 | €44,790 | -€544,340 | -92.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €284,786 | €636 | -€284,150 | -99.8% |
| Intangible fixed assets | 21 | €283,581 | €15 | -€283,567 | -100.0% |
| Tangible fixed assets | 22/27 | €1,030 | €622 | -€408 | -39.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,030 | €622 | -€408 | -39.6% |
| Financial fixed assets | 28 | €175 | €0 | -€175 | -100.0% |
| Current assets | 29/58 | €304,343 | €44,153 | -€260,190 | -85.5% |
| Amounts receivable after more than one year | 29 | €1,762 | €108 | -€1,653 | -93.9% |
| Other amounts receivable | 291 | €1,762 | €108 | -€1,653 | -93.9% |
| Amounts receivable within one year | 40/41 | €278,350 | €43,097 | -€235,253 | -84.5% |
| Trade receivables | 40 | €246,290 | €51 | -€246,239 | -100.0% |
| Other amounts receivable | 41 | €32,061 | €43,046 | +€10,986 | +34.3% |
| Cash at bank and in hand | 54/58 | €19,301 | €885 | -€18,416 | -95.4% |
| Deferred charges and accrued income | 490/1 | €4,930 | €63 | -€4,868 | -98.7% |
| Total equity and liabilities | 10/49 | €589,129 | €44,790 | -€544,340 | -92.4% |
| Equity | 10/15 | -€325,275 | -€946,016 | -€620,741 | -190.8% |
| Contributions | 10/11 | €1,471,695 | €1,471,695 | = | 0.0% |
| Capital | 10 | €1,471,695 | €1,471,695 | = | 0.0% |
| Issued capital | 100 | €1,471,695 | €1,471,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,947,454 | -€2,417,711 | -€470,257 | -24.1% |
| Investment grants | 15 | €150,484 | €0 | -€150,484 | -100.0% |
| Amounts payable | 17/49 | €914,404 | €990,805 | +€76,401 | +8.4% |
| Amounts payable after more than one year | 17 | €25,000 | €8,333 | -€16,667 | -66.7% |
| Financial debts | 170/4 | €25,000 | €8,333 | -€16,667 | -66.7% |
| Amounts payable within one year | 42/48 | €889,116 | €982,237 | +€93,121 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €20,833 | €20,833 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €42,618 | €8,079 | -€34,539 | -81.0% |
| Suppliers | 440/4 | €42,618 | €8,079 | -€34,539 | -81.0% |
| Taxes, remuneration and social security | 45 | €96,672 | €0 | -€96,672 | -100.0% |
| Taxes | 450/3 | €18,080 | €0 | -€18,080 | -100.0% |
| Remuneration and social security | 454/9 | €78,592 | €0 | -€78,592 | -100.0% |
| Other amounts payable | 47/48 | €728,992 | €953,324 | +€224,332 | +30.8% |
| Accrued charges and deferred income | 492/3 | €289 | €235 | -€54 | -18.6% |
| Turnover | 70 | €644,298 | €241,869 | -€402,429 | -62.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €314,935 | €290,029 | -€24,906 | -7.9% |
| Remuneration, social security and pensions | 62 | €521,435 | €233,084 | -€288,351 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,453 | €2,262 | -€9,191 | -80.3% |
| Other operating charges | 640/8 | €751 | €4,083 | +€3,332 | +443.9% |
| Non-recurring operating charges | 66A | - | €281,713 | +€281,713 | |
| Gross operating margin | 9900 | €349,516 | -€47,229 | -€396,745 | |
| Operating profit (loss) | 9901 | -€184,123 | -€568,371 | -€384,248 | -208.7% |
| Financial income | 75/76B | €0 | €150,484 | +€150,484 | +71658942.9% |
| Recurring financial income | 75 | €0 | €150,484 | +€150,484 | +71658942.9% |
| Financial charges | 65/66B | €43,140 | €52,370 | +€9,229 | +21.4% |
| Recurring financial charges | 65 | €43,140 | €52,370 | +€9,229 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | -€227,263 | -€470,257 | -€242,994 | -106.9% |
| Income taxes | 67/77 | -€108 | - | +€108 | |
| Profit (loss) for the period | 9904 | -€227,155 | -€470,257 | -€243,102 | -107.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€227,155 | -€470,257 | -€243,102 | -107.0% |
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 4 October 2026 via checked.be.