PHEMA: 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.
PHEMA
Largest movements
- Cash -€2,677
down €2,677 (-84.9%), from €3,152 to €475
mainly Net result for the year (-€6,085) and Deferred charges and accrued income (-€23)
- Profit (loss) carried forward -€6,085
down €6,085 (-7.0%), from -€86,590 to -€92,675
- Other debts +€3,048
up €3,048 (+3.5%), from €86,625 to €89,673
- Other operating charges +€248
up €248 (+10.0%), from €2,473 to €2,721
- Gross operating margin -€65
down €65 (-5.5%), from -€1,185 to -€1,251
- Financial charges +€47
up €47 (+2.7%), from €1,732 to €1,780
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 | €253,287 | €250,300 | -€2,988 | -1.2% |
| Fixed assets | 21/28 | €249,674 | €249,340 | -€334 | -0.1% |
| Tangible fixed assets | 22/27 | €249,674 | €249,340 | -€334 | -0.1% |
| Land and buildings | 22 | €249,674 | €249,340 | -€334 | -0.1% |
| Current assets | 29/58 | €3,613 | €960 | -€2,654 | -73.4% |
| Cash at bank and in hand | 54/58 | €3,152 | €475 | -€2,677 | -84.9% |
| Deferred charges and accrued income | 490/1 | €461 | €485 | +€23 | +5.0% |
| Total equity and liabilities | 10/49 | €253,287 | €250,300 | -€2,988 | -1.2% |
| Equity | 10/15 | €165,003 | €158,918 | -€6,085 | -3.7% |
| Contributions | 10/11 | €251,000 | €251,000 | = | 0.0% |
| Capital | 10 | €251,000 | €251,000 | = | 0.0% |
| Issued capital | 100 | €251,000 | €251,000 | = | 0.0% |
| Reserves | 13 | €594 | €594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €594 | €594 | = | 0.0% |
| Legal reserve | 130 | €594 | €594 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,590 | -€92,675 | -€6,085 | -7.0% |
| Amounts payable | 17/49 | €88,284 | €91,381 | +€3,098 | +3.5% |
| Amounts payable within one year | 42/48 | €86,625 | €89,673 | +€3,048 | +3.5% |
| Other amounts payable | 47/48 | €86,625 | €89,673 | +€3,048 | +3.5% |
| Accrued charges and deferred income | 492/3 | €1,659 | €1,708 | +€50 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334 | €334 | = | 0.0% |
| Other operating charges | 640/8 | €2,473 | €2,721 | +€248 | +10.0% |
| Gross operating margin | 9900 | -€1,185 | -€1,251 | -€65 | -5.5% |
| Operating profit (loss) | 9901 | -€3,992 | -€4,305 | -€313 | -7.9% |
| Financial charges | 65/66B | €1,732 | €1,780 | +€47 | +2.7% |
| Recurring financial charges | 65 | €1,732 | €1,780 | +€47 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,724 | -€6,085 | -€361 | -6.3% |
| Profit (loss) for the period | 9904 | -€5,724 | -€6,085 | -€361 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,724 | -€6,085 | -€361 | -6.3% |
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 10 October 2026 via checked.be.