PHI ECKER: 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.
PHI ECKER
Largest movements
- Cash +€14,543
up €14,543 (+58.9%), from €24,708 to €39,251
mainly Net result for the year (+€81,146) and Tax, wage and social debts (+€7,814)
- Stocks and contracts +€2,447
up €2,447 (+6.1%), from €40,314 to €42,762
- Tax, wage and social debts +€7,814
up €7,814 (+267.3%), from €2,924 to €10,738
- Profit (loss) carried forward +€6,146
up €6,146 (+7.8%), from €79,079 to €85,225
- Other debts +€1,945
up €1,945 (+90.4%), from €2,153 to €4,098
- Gross operating margin +€6,970
up €6,970 (+7.2%), from €97,085 to €104,055
- Taxes +€1,557
up €1,557 (+7.9%), from €19,734 to €21,291
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 | €104,915 | €121,069 | +€16,154 | +15.4% |
| Fixed assets | 21/28 | €6,922 | €5,744 | -€1,178 | -17.0% |
| Tangible fixed assets | 22/27 | €6,922 | €5,744 | -€1,178 | -17.0% |
| Other tangible fixed assets | 26 | €6,922 | €5,744 | -€1,178 | -17.0% |
| Current assets | 29/58 | €97,993 | €115,325 | +€17,332 | +17.7% |
| Stocks and contracts in progress | 3 | €40,314 | €42,762 | +€2,447 | +6.1% |
| Stocks | 30/36 | €40,314 | €42,762 | +€2,447 | +6.1% |
| Amounts receivable within one year | 40/41 | €32,450 | €32,762 | +€312 | +1.0% |
| Trade receivables | 40 | €30,393 | €32,473 | +€2,080 | +6.8% |
| Other amounts receivable | 41 | €2,056 | €289 | -€1,768 | -86.0% |
| Cash at bank and in hand | 54/58 | €24,708 | €39,251 | +€14,543 | +58.9% |
| Deferred charges and accrued income | 490/1 | €520 | €550 | +€30 | +5.8% |
| Total equity and liabilities | 10/49 | €104,915 | €121,069 | +€16,154 | +15.4% |
| Equity | 10/15 | €99,539 | €105,685 | +€6,146 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,079 | €85,225 | +€6,146 | +7.8% |
| Amounts payable | 17/49 | €5,376 | €15,384 | +€10,008 | +186.2% |
| Amounts payable within one year | 42/48 | €5,376 | €15,384 | +€10,008 | +186.2% |
| Trade debts | 44 | €299 | €548 | +€248 | +82.8% |
| Suppliers | 440/4 | €299 | €548 | +€248 | +82.8% |
| Taxes, remuneration and social security | 45 | €2,924 | €10,738 | +€7,814 | +267.3% |
| Taxes | 450/3 | €2,924 | €10,738 | +€7,814 | +267.3% |
| Other amounts payable | 47/48 | €2,153 | €4,098 | +€1,945 | +90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,178 | €1,178 | = | 0.0% |
| Other operating charges | 640/8 | €324 | €331 | +€7 | +2.0% |
| Gross operating margin | 9900 | €97,085 | €104,055 | +€6,970 | +7.2% |
| Operating profit (loss) | 9901 | €95,583 | €102,546 | +€6,963 | +7.3% |
| Financial income | 75/76B | €79 | €121 | +€41 | +52.3% |
| Recurring financial income | 75 | €79 | €121 | +€41 | +52.3% |
| Financial charges | 65/66B | €177 | €230 | +€52 | +29.6% |
| Recurring financial charges | 65 | €177 | €230 | +€52 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €95,485 | €102,438 | +€6,952 | +7.3% |
| Income taxes | 67/77 | €19,734 | €21,291 | +€1,557 | +7.9% |
| Profit (loss) for the period | 9904 | €75,751 | €81,146 | +€5,395 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,751 | €81,146 | +€5,395 | +7.1% |
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 29 September 2026 via checked.be.