PHÉRA: 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.
PHÉRA
Largest movements
- Cash +€62,097
up €62,097 (+141.3%), from €43,938 to €106,034
mainly Net result for the year (+€97,217) and Receivables within one year (+€13,758)
- Receivables within one year -€13,758
down €13,758 (-44.9%), from €30,618 to €16,860
of which Trade receivables: -€9,169
- Tangible fixed assets +€2,832
new in 2025: €2,832
- Profit (loss) carried forward +€95,000
new in 2025: €95,000
- Reserves -€57,783
down €57,783 (-92.5%), from €62,482 to €4,699
- Tax, wage and social debts +€11,994
up €11,994 (+167.8%), from €7,147 to €19,141
of which Taxes: +€10,694
- Gross operating margin +€41,842
up €41,842 (+49.7%), from €84,248 to €126,090
- Staff costs -€22,599
down €22,599 (-100.0%), from €22,599 to €0
- Taxes +€17,527
up €17,527 (+170.6%), from €10,273 to €27,800
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 | €75,177 | €125,909 | +€50,732 | +67.5% |
| Fixed assets | 21/28 | €180 | €2,926 | +€2,745 | +1522.5% |
| Intangible fixed assets | 21 | €180 | €94 | -€87 | -48.0% |
| Tangible fixed assets | 22/27 | - | €2,832 | +€2,832 | |
| Furniture and vehicles | 24 | - | €2,832 | +€2,832 | |
| Current assets | 29/58 | €74,997 | €122,984 | +€47,987 | +64.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €30,618 | €16,860 | -€13,758 | -44.9% |
| Trade receivables | 40 | €25,891 | €16,722 | -€9,169 | -35.4% |
| Other amounts receivable | 41 | €4,727 | €138 | -€4,589 | -97.1% |
| Cash at bank and in hand | 54/58 | €43,938 | €106,034 | +€62,097 | +141.3% |
| Deferred charges and accrued income | 490/1 | €441 | €89 | -€352 | -79.8% |
| Total equity and liabilities | 10/49 | €75,177 | €125,909 | +€50,732 | +67.5% |
| Equity | 10/15 | €67,482 | €104,699 | +€37,217 | +55.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,482 | €4,699 | -€57,783 | -92.5% |
| Distributable reserves | 133 | €62,482 | €4,699 | -€57,783 | -92.5% |
| Profit (loss) carried forward | 14 | - | €95,000 | +€95,000 | |
| Amounts payable | 17/49 | €7,695 | €21,210 | +€13,515 | +175.6% |
| Amounts payable within one year | 42/48 | €7,695 | €21,210 | +€13,515 | +175.6% |
| Financial debts | 43 | €0 | €473 | +€473 | |
| Other loans | 439 | €0 | €473 | +€473 | |
| Trade debts | 44 | €548 | €1,597 | +€1,048 | +191.2% |
| Suppliers | 440/4 | €548 | €1,597 | +€1,048 | +191.2% |
| Taxes, remuneration and social security | 45 | €7,147 | €19,141 | +€11,994 | +167.8% |
| Taxes | 450/3 | €2,291 | €12,984 | +€10,694 | +466.8% |
| Remuneration and social security | 454/9 | €4,856 | €6,156 | +€1,300 | +26.8% |
| Remuneration, social security and pensions | 62 | €22,599 | €0 | -€22,599 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87 | €389 | +€302 | +349.1% |
| Other operating charges | 640/8 | €224 | €532 | +€308 | +137.9% |
| Gross operating margin | 9900 | €84,248 | €126,090 | +€41,842 | +49.7% |
| Operating profit (loss) | 9901 | €61,338 | €125,169 | +€63,831 | +104.1% |
| Financial income | 75/76B | €0 | €28 | +€28 | +137500.0% |
| Recurring financial income | 75 | €0 | €28 | +€28 | +137500.0% |
| Financial charges | 65/66B | €89 | €179 | +€89 | +99.9% |
| Recurring financial charges | 65 | €89 | €179 | +€89 | +99.9% |
| Profit (loss) for the period before taxes | 9903 | €61,249 | €125,017 | +€63,769 | +104.1% |
| Income taxes | 67/77 | €10,273 | €27,800 | +€17,527 | +170.6% |
| Profit (loss) for the period | 9904 | €50,976 | €97,217 | +€46,242 | +90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,976 | €97,217 | +€46,242 | +90.7% |
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 9 October 2026 via checked.be.