PHEROUSA: what changed
Two fiscal 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.
PHEROUSA
Largest movements
- Cash -€3,673
down €3,673 (-82.5%), from €4,451 to €778
mainly Net result for the year (-€9,332) and Tax, wage and social debts (-€357)
- Receivables within one year -€2,643
down €2,643 (-55.4%), from €4,772 to €2,128
of which Other amounts receivable: -€1,986
- Tangible fixed assets -€1,824
down €1,824 (-62.2%), from €2,934 to €1,110
of which Furniture and vehicles: -€1,086
- Deferred charges and accrued income -€1,276
no longer reported in 2025 (was €1,276)
- Profit (loss) carried forward -€9,332
down €9,332, from €7,919 to -€1,413
- Tax, wage and social debts -€357
no longer reported in 2025 (was €357)
- Trade debts +€343
up €343 (+1114.5%), from €31 to €374
- Gross operating margin -€20,165
down €20,165, from €12,863 to -€7,302
- Depreciation -€4,888
down €4,888 (-72.8%), from €6,712 to €1,824
- Other operating charges -€3,971
no longer reported in 2025 (was €3,971)
- Financial charges -€2,130
down €2,130 (-91.1%), from €2,337 to €207
- Taxes -€616
no longer reported in 2025 (was €616)
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 | €13,433 | €4,017 | -€9,417 | -70.1% |
| Fixed assets | 21/28 | €2,934 | €1,110 | -€1,824 | -62.2% |
| Tangible fixed assets | 22/27 | €2,934 | €1,110 | -€1,824 | -62.2% |
| Furniture and vehicles | 24 | €1,828 | €742 | -€1,086 | -59.4% |
| Other tangible fixed assets | 26 | €1,107 | €369 | -€738 | -66.7% |
| Current assets | 29/58 | €10,499 | €2,906 | -€7,593 | -72.3% |
| Amounts receivable within one year | 40/41 | €4,772 | €2,128 | -€2,643 | -55.4% |
| Trade receivables | 40 | €2,462 | €1,804 | -€658 | -26.7% |
| Other amounts receivable | 41 | €2,310 | €324 | -€1,986 | -86.0% |
| Cash at bank and in hand | 54/58 | €4,451 | €778 | -€3,673 | -82.5% |
| Deferred charges and accrued income | 490/1 | €1,276 | - | -€1,276 | |
| Total equity and liabilities | 10/49 | €13,433 | €4,017 | -€9,417 | -70.1% |
| Equity | 10/15 | €9,919 | €587 | -€9,332 | -94.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,919 | -€1,413 | -€9,332 | |
| Amounts payable | 17/49 | €3,514 | €3,430 | -€84 | -2.4% |
| Amounts payable within one year | 42/48 | €3,514 | €3,430 | -€84 | -2.4% |
| Trade debts | 44 | €31 | €374 | +€343 | +1114.5% |
| Suppliers | 440/4 | €31 | €374 | +€343 | +1114.5% |
| Taxes, remuneration and social security | 45 | €357 | - | -€357 | |
| Taxes | 450/3 | €357 | - | -€357 | |
| Other amounts payable | 47/48 | €3,127 | €3,056 | -€71 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,712 | €1,824 | -€4,888 | -72.8% |
| Other operating charges | 640/8 | €3,971 | - | -€3,971 | |
| Gross operating margin | 9900 | €12,863 | -€7,302 | -€20,165 | |
| Operating profit (loss) | 9901 | €2,181 | -€9,125 | -€11,306 | |
| Financial charges | 65/66B | €2,337 | €207 | -€2,130 | -91.1% |
| Recurring financial charges | 65 | €2,337 | €207 | -€2,130 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | -€156 | -€9,332 | -€9,176 | -5880.4% |
| Income taxes | 67/77 | €616 | - | -€616 | |
| Profit (loss) for the period | 9904 | -€772 | -€9,332 | -€8,560 | -1108.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€772 | -€9,332 | -€8,560 | -1108.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.