PHENOMEN: 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.
PHENOMEN
Largest movements
- Cash +€46,117
up €46,117 (+380%), from €12,135 to €58,253
mainly Net result for the year (+€27,793) and Tax, wage and social debts (+€10,020)
- Receivables within one year -€8,835
down €8,835 (-20.9%), from €42,374 to €33,539
of which Other amounts receivable: -€4,984
- Tangible fixed assets -€2,723
down €2,723 (-18.8%), from €14,457 to €11,734
of which Furniture and vehicles: -€3,686
- Deferred charges and accrued income +€2,371
up €2,371 (+158%), from €1,498 to €3,869
- Reserves +€27,793
up €27,793 (+64.9%), from €42,814 to €70,607
- Tax, wage and social debts +€10,020
up €10,020 (+326%), from €3,075 to €13,095
- Trade debts -€2,264
down €2,264 (-20.5%), from €11,051 to €8,787
- Other debts +€1,380
up €1,380 (+166%), from €833 to €2,213
- Gross operating margin +€23,649
up €23,649 (+91.0%), from €25,988 to €49,637
- Taxes +€6,311
up €6,311 (+102%), from €6,179 to €12,490
- Depreciation +€1,498
up €1,498 (+25.6%), from €5,852 to €7,350
- Write-downs +€782
new in 2025: €782
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 | €70,565 | €107,494 | +€36,930 | +52.3% |
| Fixed assets | 21/28 | €14,557 | €11,834 | -€2,723 | -18.7% |
| Tangible fixed assets | 22/27 | €14,457 | €11,734 | -€2,723 | -18.8% |
| Plant, machinery and equipment | 23 | €6,175 | €7,138 | +€963 | +15.6% |
| Furniture and vehicles | 24 | €8,282 | €4,596 | -€3,686 | -44.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €56,007 | €95,660 | +€39,653 | +70.8% |
| Amounts receivable within one year | 40/41 | €42,374 | €33,539 | -€8,835 | -20.9% |
| Trade receivables | 40 | €33,569 | €29,718 | -€3,851 | -11.5% |
| Other amounts receivable | 41 | €8,805 | €3,821 | -€4,984 | -56.6% |
| Cash at bank and in hand | 54/58 | €12,135 | €58,253 | +€46,117 | +380% |
| Deferred charges and accrued income | 490/1 | €1,498 | €3,869 | +€2,371 | +158% |
| Total equity and liabilities | 10/49 | €70,565 | €107,494 | +€36,930 | +52.3% |
| Equity | 10/15 | €55,605 | €83,398 | +€27,793 | +50.0% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €42,814 | €70,607 | +€27,793 | +64.9% |
| Distributable reserves | 133 | €42,814 | €70,607 | +€27,793 | +64.9% |
| Profit (loss) carried forward | 14 | €6,590 | €6,590 | = | 0.0% |
| Amounts payable | 17/49 | €14,959 | €24,096 | +€9,137 | +61.1% |
| Amounts payable within one year | 42/48 | €14,959 | €24,096 | +€9,137 | +61.1% |
| Trade debts | 44 | €11,051 | €8,787 | -€2,264 | -20.5% |
| Suppliers | 440/4 | €11,051 | €8,787 | -€2,264 | -20.5% |
| Taxes, remuneration and social security | 45 | €3,075 | €13,095 | +€10,020 | +326% |
| Taxes | 450/3 | €3,075 | €13,095 | +€10,020 | +326% |
| Other amounts payable | 47/48 | €833 | €2,213 | +€1,380 | +166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,852 | €7,350 | +€1,498 | +25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €782 | +€782 | |
| Other operating charges | 640/8 | €873 | €1,197 | +€324 | +37.1% |
| Gross operating margin | 9900 | €25,988 | €49,637 | +€23,649 | +91.0% |
| Operating profit (loss) | 9901 | €19,263 | €40,308 | +€21,046 | +109% |
| Financial income | 75/76B | €0 | €220 | +€220 | +2,199,000% |
| Recurring financial income | 75 | €0 | €220 | +€220 | +2,199,000% |
| Financial charges | 65/66B | €276 | €245 | -€30 | -11.0% |
| Recurring financial charges | 65 | €276 | €245 | -€30 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €18,987 | €40,283 | +€21,296 | +112% |
| Income taxes | 67/77 | €6,179 | €12,490 | +€6,311 | +102% |
| Profit (loss) for the period | 9904 | €12,808 | €27,793 | +€14,985 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €12,808 | €27,793 | +€14,985 | +117% |
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 14 October 2026 via checked.be.