Pherenike: 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.
Pherenike
Largest movements
- Tangible fixed assets -€28,035
down €28,035 (-2.5%), from €1.1m to €1.1m
- Debts after one year -€23,976
down €23,976 (-4.2%), from €573,936 to €549,960
- Depreciation -€8,196
down €8,196 (-22.6%), from €36,231 to €28,035
- Financial charges -€7,715
down €7,715 (-27.7%), from €27,836 to €20,121
- Gross operating margin -€5,638
down €5,638 (-11.8%), from €47,706 to €42,067
- Other operating charges -€1,194
down €1,194 (-26.0%), from €4,599 to €3,405
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 | €1,137,711 | €1,106,011 | -€31,700 | -2.8% |
| Fixed assets | 21/28 | €1,131,499 | €1,103,870 | -€27,629 | -2.4% |
| Tangible fixed assets | 22/27 | €1,131,499 | €1,103,464 | -€28,035 | -2.5% |
| Land and buildings | 22 | €1,131,499 | €1,103,464 | -€28,035 | -2.5% |
| Financial fixed assets | 28 | - | €406 | +€406 | |
| Current assets | 29/58 | €6,212 | €2,141 | -€4,070 | -65.5% |
| Amounts receivable within one year | 40/41 | €514 | €0 | -€514 | -100.0% |
| Other amounts receivable | 41 | €514 | €0 | -€514 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,698 | €2,141 | -€3,556 | -62.4% |
| Total equity and liabilities | 10/49 | €1,137,711 | €1,106,011 | -€31,700 | -2.8% |
| Equity | 10/15 | -€961 | -€10,454 | -€9,494 | -988.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,961 | -€30,454 | -€9,494 | -45.3% |
| Amounts payable | 17/49 | €1,138,671 | €1,116,466 | -€22,206 | -2.0% |
| Amounts payable after more than one year | 17 | €573,936 | €549,960 | -€23,976 | -4.2% |
| Financial debts | 170/4 | €573,936 | €549,960 | -€23,976 | -4.2% |
| Amounts payable within one year | 42/48 | €564,735 | €566,506 | +€1,770 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €23,177 | €23,976 | +€800 | +3.4% |
| Trade debts | 44 | €0 | €65 | +€65 | |
| Suppliers | 440/4 | €0 | €65 | +€65 | |
| Other amounts payable | 47/48 | €541,559 | €542,465 | +€906 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,231 | €28,035 | -€8,196 | -22.6% |
| Other operating charges | 640/8 | €4,599 | €3,405 | -€1,194 | -26.0% |
| Gross operating margin | 9900 | €47,706 | €42,067 | -€5,638 | -11.8% |
| Operating profit (loss) | 9901 | €6,876 | €10,627 | +€3,751 | +54.6% |
| Financial charges | 65/66B | €27,836 | €20,121 | -€7,715 | -27.7% |
| Recurring financial charges | 65 | €27,836 | €20,121 | -€7,715 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,961 | -€9,494 | +€11,467 | +54.7% |
| Profit (loss) for the period | 9904 | -€20,961 | -€9,494 | +€11,467 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,961 | -€9,494 | +€11,467 | +54.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.