Phengaris: 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.
Phengaris
Largest movements
- Cash -€26,922
down €26,922 (-26.5%), from €101,520 to €74,598
mainly Contributions, distributions and other (-€75,000) and Other debts (-€20,703)
- Receivables within one year +€4,617
up €4,617 (+8.8%), from €52,185 to €56,802
of which Trade receivables: +€5,164
- Tangible fixed assets +€2,380
up €2,380 (+255%), from €935 to €3,315
- Other debts -€20,703
down €20,703 (-24.5%), from €84,453 to €63,750
- Tax, wage and social debts -€15,471
down €15,471 (-75.7%), from €20,444 to €4,973
of which Taxes: -€19,507
- Reserves +€15,108
up €15,108 (+47.4%), from €31,860 to €46,968
- Gross operating margin -€15,053
down €15,053 (-11.4%), from €132,279 to €117,226
- Taxes -€3,167
down €3,167 (-10.9%), from €29,120 to €25,952
- Depreciation -€2,595
down €2,595 (-80.0%), from €3,243 to €647
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 | €204,683 | €184,758 | -€19,924 | -9.7% |
| Fixed assets | 21/28 | €978 | €3,358 | +€2,380 | +243% |
| Tangible fixed assets | 22/27 | €935 | €3,315 | +€2,380 | +255% |
| Furniture and vehicles | 24 | €935 | €3,315 | +€2,380 | +255% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €203,705 | €181,400 | -€22,304 | -10.9% |
| Amounts receivable within one year | 40/41 | €52,185 | €56,802 | +€4,617 | +8.8% |
| Trade receivables | 40 | €51,207 | €56,370 | +€5,164 | +10.1% |
| Other amounts receivable | 41 | €978 | €432 | -€546 | -55.8% |
| Cash at bank and in hand | 54/58 | €101,520 | €74,598 | -€26,922 | -26.5% |
| Deferred charges and accrued income | 490/1 | €50,000 | €50,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €204,683 | €184,758 | -€19,924 | -9.7% |
| Equity | 10/15 | €50,460 | €65,568 | +€15,108 | +29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €46,968 | +€15,108 | +47.4% |
| Distributable reserves | 133 | €31,860 | €46,968 | +€15,108 | +47.4% |
| Amounts payable | 17/49 | €154,223 | €119,190 | -€35,033 | -22.7% |
| Amounts payable within one year | 42/48 | €154,223 | €119,190 | -€35,033 | -22.7% |
| Trade debts | 44 | €49,325 | €50,468 | +€1,142 | +2.3% |
| Suppliers | 440/4 | €49,325 | €50,468 | +€1,142 | +2.3% |
| Taxes, remuneration and social security | 45 | €20,444 | €4,973 | -€15,471 | -75.7% |
| Taxes | 450/3 | €20,094 | €587 | -€19,507 | -97.1% |
| Remuneration and social security | 454/9 | €350 | €4,386 | +€4,036 | +1,153% |
| Other amounts payable | 47/48 | €84,453 | €63,750 | -€20,703 | -24.5% |
| Non-recurring operating income | 76A | - | €13,575 | +€13,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,243 | €647 | -€2,595 | -80.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €132,279 | €117,226 | -€15,053 | -11.4% |
| Operating profit (loss) | 9901 | €128,649 | €116,179 | -€12,470 | -9.7% |
| Financial charges | 65/66B | €102 | €118 | +€17 | +16.4% |
| Recurring financial charges | 65 | €102 | €118 | +€17 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €128,547 | €116,061 | -€12,486 | -9.7% |
| Income taxes | 67/77 | €29,120 | €25,952 | -€3,167 | -10.9% |
| Profit (loss) for the period | 9904 | €99,427 | €90,108 | -€9,319 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,427 | €90,108 | -€9,319 | -9.4% |
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 28 October 2026 via checked.be.