PHIBIE: 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.
What changed
PHIBIE
NACE 56.112, Limited-service restaurants, excluding mobile food services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€26,771
2024 · €25,372+€1,399
Equity
€471,538
2024 · €235,536+€236,003
Cash
€20,156
2024 · €16,890+€3,266
Balance sheet total
€550,629
2024 · €331,141+€219,488
Largest movements
Assets
- Tangible fixed assets +€227,475
up €227,475 (+264.9%), from €85,879 to €313,355
of which Land and buildings: +€216,469
- Current investments -€9,390
down €9,390 (-4.4%), from €215,664 to €206,273
Equity and liabilities
- Contributions +€220,000
up €220,000 (+733.3%), from €30,000 to €250,000
- Reserves +€15,803
up €15,803 (+7.7%), from €204,972 to €220,775
of which Distributable reserves: +€16,620
- Debts after one year -€8,665
down €8,665 (-24.5%), from €35,363 to €26,698
- Other debts -€7,453
down €7,453 (-67.8%), from €11,000 to €3,547
Income statement
- Gross operating margin +€5,313
up €5,313 (+8.1%), from €65,278 to €70,590
- Staff costs +€3,549
up €3,549 (+24.4%), from €14,555 to €18,104
- Depreciation -€2,956
down €2,956 (-18.3%), from €16,149 to €13,194
- Financial income -€2,921
down €2,921 (-60.1%), from €4,862 to €1,941
- Taxes +€1,232
up €1,232 (+13.2%), from €9,296 to €10,527
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.
Result 2024
€25,372
Gross operating margin
+€5,313
Staff costs
-€3,549
Depreciation
+€2,956
Other operating charges
+€216
Financial income
-€2,921
Financial charges
+€412
Taxes
-€1,232
Deferred taxes and other
+€204
Result 2025
€26,771
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.
From operations
+€35,902
Investment
-€231,279
Financing
+€198,643
Cash 2024
€16,890
From operations (derived)
+€35,902
Net result for the year
+€26,771
Depreciation
+€13,194
Smaller working-capital items
+€80
Deferred charges and accrued income
+€1,379
Trade debts
-€1,182
Tax, wage and social debts
+€3,114
Other debts
-€7,453
Investment (derived)
-€231,279
Investment in fixed assets (net)
-€240,669
Current investments
+€9,390
Financing
+€198,643
Debts after one year
-€8,665
Current portion of long-term debt
-€1,924
Contributions, distributions and other
+€209,232
Cash 2025
€20,156
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €331,141 | €550,629 | +€219,488 | +66.3% |
| Fixed assets | 21/28 | €85,879 | €313,355 | +€227,475 | +264.9% |
| Tangible fixed assets | 22/27 | €85,879 | €313,355 | +€227,475 | +264.9% |
| Land and buildings | 22 | €5,535 | €222,004 | +€216,469 | +3910.9% |
| Plant, machinery and equipment | 23 | €359 | €97 | -€262 | -73.0% |
| Furniture and vehicles | 24 | €966 | €1,177 | +€211 | +21.9% |
| Other tangible fixed assets | 26 | €79,020 | €90,077 | +€11,057 | +14.0% |
| Current assets | 29/58 | €245,261 | €237,275 | -€7,987 | -3.3% |
| Stocks and contracts in progress | 3 | €8,152 | €7,899 | -€253 | -3.1% |
| Stocks | 30/36 | €8,152 | €7,899 | -€253 | -3.1% |
| Amounts receivable within one year | 40/41 | €488 | €257 | -€231 | -47.3% |
| Trade receivables | 40 | €250 | - | -€250 | |
| Other amounts receivable | 41 | €238 | €257 | +€19 | +8.1% |
| Current investments | 50/53 | €215,664 | €206,273 | -€9,390 | -4.4% |
| Cash at bank and in hand | 54/58 | €16,890 | €20,156 | +€3,266 | +19.3% |
| Deferred charges and accrued income | 490/1 | €4,068 | €2,689 | -€1,379 | -33.9% |
| Total equity and liabilities | 10/49 | €331,141 | €550,629 | +€219,488 | +66.3% |
| Equity | 10/15 | €235,536 | €471,538 | +€236,003 | +100.2% |
| Contributions | 10/11 | €30,000 | €250,000 | +€220,000 | +733.3% |
| Reserves | 13 | €204,972 | €220,775 | +€15,803 | +7.7% |
| Tax-exempt reserves | 132 | €99,450 | €98,632 | -€817 | -0.8% |
| Distributable reserves | 133 | €105,523 | €122,143 | +€16,620 | +15.8% |
| Profit (loss) carried forward | 14 | €563 | €763 | +€200 | +35.5% |
| Provisions and deferred taxes | 16 | €27,212 | €27,058 | -€154 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €2,350 | €2,400 | +€50 | +2.1% |
| Other liabilities and charges | 164/5 | €2,350 | €2,400 | +€50 | +2.1% |
| Deferred taxes | 168 | €24,862 | €24,658 | -€204 | -0.8% |
| Amounts payable | 17/49 | €68,393 | €52,033 | -€16,360 | -23.9% |
| Amounts payable after more than one year | 17 | €35,363 | €26,698 | -€8,665 | -24.5% |
| Financial debts | 170/4 | €35,363 | €26,698 | -€8,665 | -24.5% |
| Amounts payable within one year | 42/48 | €32,779 | €25,334 | -€7,445 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €10,589 | €8,665 | -€1,924 | -18.2% |
| Trade debts | 44 | €4,480 | €3,298 | -€1,182 | -26.4% |
| Suppliers | 440/4 | €4,480 | €3,298 | -€1,182 | -26.4% |
| Taxes, remuneration and social security | 45 | €6,710 | €9,824 | +€3,114 | +46.4% |
| Taxes | 450/3 | €2,710 | €4,104 | +€1,394 | +51.4% |
| Remuneration and social security | 454/9 | €4,000 | €5,720 | +€1,720 | +43.0% |
| Other amounts payable | 47/48 | €11,000 | €3,547 | -€7,453 | -67.8% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Non-recurring operating income | 76A | €935 | - | -€935 | |
| Remuneration, social security and pensions | 62 | €14,555 | €18,104 | +€3,549 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,149 | €13,194 | -€2,956 | -18.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €50 | €50 | = | 0.0% |
| Other operating charges | 640/8 | €2,393 | €2,177 | -€216 | -9.0% |
| Gross operating margin | 9900 | €65,278 | €70,590 | +€5,313 | +8.1% |
| Operating profit (loss) | 9901 | €32,130 | €37,066 | +€4,936 | +15.4% |
| Financial income | 75/76B | €4,862 | €1,941 | -€2,921 | -60.1% |
| Recurring financial income | 75 | €4,862 | €1,941 | -€2,921 | -60.1% |
| Financial charges | 65/66B | €2,325 | €1,913 | -€412 | -17.7% |
| Recurring financial charges | 65 | €2,325 | €1,913 | -€412 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €34,668 | €37,094 | +€2,426 | +7.0% |
| Transfer from deferred taxes | 780 | - | €204 | +€204 | |
| Income taxes | 67/77 | €9,296 | €10,527 | +€1,232 | +13.2% |
| Profit (loss) for the period | 9904 | €25,372 | €26,771 | +€1,399 | +5.5% |
| Transfer from tax-exempt reserves | 789 | - | €817 | +€817 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,372 | €27,588 | +€2,216 | +8.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.