Pheidias: what changed
Pheidias
Largest movements
- Cash +€165,295
up €165,295 (+33.9%), from €487,006 to €652,301
mainly Net result for the year (+€226,478) and Other debts (+€80,480)
- Receivables within one year -€41,540
down €41,540 (-53.7%), from €77,354 to €35,814
of which Other amounts receivable: -€50,780
- Tangible fixed assets -€29,183
down €29,183 (-9.9%), from €296,052 to €266,869
of which Land and buildings: -€24,897
- Other debts +€80,480
up €80,480 (+556%), from €14,480 to €94,960
- Gross operating margin +€185,334
up €185,334 (+103%), from €179,918 to €365,253
- Taxes +€55,319
up €55,319 (+114%), from €48,477 to €103,796
- Depreciation +€9,599
up €9,599 (+49.0%), from €19,584 to €29,183
- Financial income +€9,187
up €9,187 (+148%), from €6,203 to €15,390
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,222,663 | €1,317,497 | +€94,835 | +7.8% |
| Fixed assets | 21/28 | €301,552 | €272,369 | -€29,183 | -9.7% |
| Tangible fixed assets | 22/27 | €296,052 | €266,869 | -€29,183 | -9.9% |
| Land and buildings | 22 | €288,556 | €263,659 | -€24,897 | -8.6% |
| Furniture and vehicles | 24 | €7,496 | €3,210 | -€4,286 | -57.2% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €921,111 | €1,045,129 | +€124,017 | +13.5% |
| Amounts receivable within one year | 40/41 | €77,354 | €35,814 | -€41,540 | -53.7% |
| Trade receivables | 40 | €10,241 | €19,481 | +€9,240 | +90.2% |
| Other amounts receivable | 41 | €67,113 | €16,333 | -€50,780 | -75.7% |
| Current investments | 50/53 | €349,112 | €349,112 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €487,006 | €652,301 | +€165,295 | +33.9% |
| Deferred charges and accrued income | 490/1 | €7,639 | €7,902 | +€263 | +3.4% |
| Total equity and liabilities | 10/49 | €1,222,663 | €1,317,497 | +€94,835 | +7.8% |
| Equity | 10/15 | €1,202,528 | €1,204,006 | +€1,478 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,190,128 | €1,191,606 | +€1,478 | +0.1% |
| Distributable reserves | 133 | €1,190,128 | €1,191,606 | +€1,478 | +0.1% |
| Amounts payable | 17/49 | €20,135 | €113,491 | +€93,357 | +464% |
| Amounts payable within one year | 42/48 | €19,367 | €112,213 | +€92,846 | +479% |
| Trade debts | 44 | €1,707 | €3,942 | +€2,235 | +131% |
| Suppliers | 440/4 | €1,707 | €3,942 | +€2,235 | +131% |
| Taxes, remuneration and social security | 45 | €3,180 | €13,311 | +€10,131 | +319% |
| Taxes | 450/3 | €3,180 | €13,311 | +€10,131 | +319% |
| Other amounts payable | 47/48 | €14,480 | €94,960 | +€80,480 | +556% |
| Accrued charges and deferred income | 492/3 | €768 | €1,278 | +€510 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,584 | €29,183 | +€9,599 | +49.0% |
| Other operating charges | 640/8 | €6,012 | €7,128 | +€1,116 | +18.6% |
| Gross operating margin | 9900 | €179,918 | €365,253 | +€185,334 | +103% |
| Operating profit (loss) | 9901 | €154,322 | €328,941 | +€174,619 | +113% |
| Financial income | 75/76B | €6,203 | €15,390 | +€9,187 | +148% |
| Recurring financial income | 75 | €6,203 | €15,390 | +€9,187 | +148% |
| Financial charges | 65/66B | €10,637 | €14,057 | +€3,421 | +32.2% |
| Recurring financial charges | 65 | €10,637 | €14,057 | +€3,421 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €149,889 | €330,274 | +€180,385 | +120% |
| Income taxes | 67/77 | €48,477 | €103,796 | +€55,319 | +114% |
| Profit (loss) for the period | 9904 | €101,412 | €226,478 | +€125,066 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €101,412 | €226,478 | +€125,066 | +123% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.