PHEDATE Management: 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.
PHEDATE Management
Largest movements
- Tangible fixed assets +€38,658
new in 2025: €38,658
- Cash +€29,490
up €29,490 (+161%), from €18,352 to €47,843
mainly Net result for the year (+€34,793) and Debts after one year (+€30,246)
- Receivables within one year +€5,241
up €5,241 (+39.0%), from €13,453 to €18,694
of which Other amounts receivable: +€5,241
- Reserves +€34,793
up €34,793 (+163%), from €21,297 to €56,091
- Debts after one year +€30,246
new in 2025: €30,246
- Current portion of long-term debt +€7,656
new in 2025: €7,656
- Tax, wage and social debts +€1,216
up €1,216 (+8.4%), from €14,474 to €15,690
- Gross operating margin +€21,845
up €21,845 (+71.7%), from €30,447 to €52,292
- Taxes +€5,109
up €5,109 (+64.0%), from €7,986 to €13,095
- Depreciation +€3,014
up €3,014 (+761%), from €396 to €3,410
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 | €39,146 | €113,236 | +€74,090 | +189% |
| Formation expenses | 20 | €396 | - | -€396 | |
| Fixed assets | 21/28 | - | €38,658 | +€38,658 | |
| Tangible fixed assets | 22/27 | - | €38,658 | +€38,658 | |
| Furniture and vehicles | 24 | - | €38,658 | +€38,658 | |
| Current assets | 29/58 | €38,750 | €74,578 | +€35,828 | +92.5% |
| Amounts receivable within one year | 40/41 | €13,453 | €18,694 | +€5,241 | +39.0% |
| Trade receivables | 40 | €13,310 | €13,310 | = | 0.0% |
| Other amounts receivable | 41 | €143 | €5,384 | +€5,241 | +3,658% |
| Cash at bank and in hand | 54/58 | €18,352 | €47,843 | +€29,490 | +161% |
| Deferred charges and accrued income | 490/1 | €6,944 | €8,041 | +€1,097 | +15.8% |
| Total equity and liabilities | 10/49 | €39,146 | €113,236 | +€74,090 | +189% |
| Equity | 10/15 | €24,297 | €59,091 | +€34,793 | +143% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,297 | €56,091 | +€34,793 | +163% |
| Distributable reserves | 133 | €21,297 | €56,091 | +€34,793 | +163% |
| Amounts payable | 17/49 | €14,849 | €54,145 | +€39,297 | +265% |
| Amounts payable after more than one year | 17 | - | €30,246 | +€30,246 | |
| Financial debts | 170/4 | - | €30,246 | +€30,246 | |
| Amounts payable within one year | 42/48 | €14,849 | €23,899 | +€9,051 | +61.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,656 | +€7,656 | |
| Trade debts | 44 | €375 | €554 | +€179 | +47.7% |
| Suppliers | 440/4 | €375 | €554 | +€179 | +47.7% |
| Taxes, remuneration and social security | 45 | €14,474 | €15,690 | +€1,216 | +8.4% |
| Taxes | 450/3 | €14,474 | €15,690 | +€1,216 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €3,410 | +€3,014 | +761% |
| Other operating charges | 640/8 | €768 | €527 | -€240 | -31.3% |
| Gross operating margin | 9900 | €30,447 | €52,292 | +€21,845 | +71.7% |
| Operating profit (loss) | 9901 | €29,284 | €48,355 | +€19,071 | +65.1% |
| Financial charges | 65/66B | - | €466 | +€466 | |
| Recurring financial charges | 65 | - | €466 | +€466 | |
| Profit (loss) for the period before taxes | 9903 | €29,284 | €47,889 | +€18,605 | +63.5% |
| Income taxes | 67/77 | €7,986 | €13,095 | +€5,109 | +64.0% |
| Profit (loss) for the period | 9904 | €21,297 | €34,793 | +€13,496 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,297 | €34,793 | +€13,496 | +63.4% |
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 13 October 2026 via checked.be.