PHIBIO: 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.
PHIBIO
Largest movements
- Receivables after one year +€411,185
up €411,185 (+37.0%), from €1.1m to €1.5m
- Deferred charges and accrued income -€111,024
down €111,024 (-50.2%), from €221,242 to €110,218
- Profit (loss) carried forward +€180,718
up €180,718 (+11.6%), from €1.6m to €1.7m
- Debts after one year +€175,621
up €175,621 (+24.6%), from €714,121 to €889,742
- Short-term financial debts +€160,071
up €160,071 (+2847.8%), from €5,621 to €165,692
- Current portion of long-term debt -€96,124
down €96,124 (-58.5%), from €164,427 to €68,303
- Tax, wage and social debts -€94,734
down €94,734 (-42.4%), from €223,256 to €128,522
of which Taxes: -€92,253
- Gross operating margin -€255,388
down €255,388 (-51.8%), from €492,732 to €237,344
- Taxes -€50,775
down €50,775 (-31.6%), from €160,790 to €110,015
- Financial income +€42,136
up €42,136 (+34.8%), from €120,987 to €163,123
- Staff costs +€20,275
up €20,275 (+326.2%), from €6,216 to €26,491
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 | €5,071,340 | €5,391,578 | +€320,238 | +6.3% |
| Fixed assets | 21/28 | €2,403,687 | €2,407,197 | +€3,510 | +0.1% |
| Tangible fixed assets | 22/27 | €22,520 | €24,830 | +€2,310 | +10.3% |
| Furniture and vehicles | 24 | €22,520 | €18,642 | -€3,878 | -17.2% |
| Other tangible fixed assets | 26 | - | €6,188 | +€6,188 | |
| Financial fixed assets | 28 | €2,381,167 | €2,382,367 | +€1,200 | +0.1% |
| Current assets | 29/58 | €2,667,652 | €2,984,381 | +€316,728 | +11.9% |
| Amounts receivable after more than one year | 29 | €1,110,531 | €1,521,716 | +€411,185 | +37.0% |
| Other amounts receivable | 291 | €1,110,531 | €1,521,716 | +€411,185 | +37.0% |
| Amounts receivable within one year | 40/41 | €1,296,726 | €1,349,565 | +€52,839 | +4.1% |
| Trade receivables | 40 | €102,859 | - | -€102,859 | |
| Other amounts receivable | 41 | €1,193,868 | €1,349,565 | +€155,697 | +13.0% |
| Cash at bank and in hand | 54/58 | €39,154 | €2,882 | -€36,272 | -92.6% |
| Deferred charges and accrued income | 490/1 | €221,242 | €110,218 | -€111,024 | -50.2% |
| Total equity and liabilities | 10/49 | €5,071,340 | €5,391,578 | +€320,238 | +6.3% |
| Equity | 10/15 | €3,944,951 | €4,125,669 | +€180,718 | +4.6% |
| Contributions | 10/11 | €2,385,355 | €2,385,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,559,596 | €1,740,314 | +€180,718 | +11.6% |
| Amounts payable | 17/49 | €1,126,389 | €1,265,909 | +€139,520 | +12.4% |
| Amounts payable after more than one year | 17 | €714,121 | €889,742 | +€175,621 | +24.6% |
| Financial debts | 170/4 | €714,121 | €889,742 | +€175,621 | +24.6% |
| Amounts payable within one year | 42/48 | €412,268 | €376,167 | -€36,101 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €164,427 | €68,303 | -€96,124 | -58.5% |
| Financial debts | 43 | €5,621 | €165,692 | +€160,071 | +2847.8% |
| Credit institutions | 430/8 | €5,621 | €165,692 | +€160,071 | +2847.8% |
| Trade debts | 44 | €17,129 | €13,649 | -€3,480 | -20.3% |
| Suppliers | 440/4 | €17,129 | €13,649 | -€3,480 | -20.3% |
| Taxes, remuneration and social security | 45 | €223,256 | €128,522 | -€94,734 | -42.4% |
| Taxes | 450/3 | €202,340 | €110,088 | -€92,253 | -45.6% |
| Remuneration and social security | 454/9 | €20,915 | €18,434 | -€2,481 | -11.9% |
| Other amounts payable | 47/48 | €1,835 | - | -€1,835 | |
| Non-recurring operating income | 76A | - | €2,456 | +€2,456 | |
| Remuneration, social security and pensions | 62 | €6,216 | €26,491 | +€20,275 | +326.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,113 | €5,216 | +€103 | +2.0% |
| Other operating charges | 640/8 | €1,748 | €1,676 | -€72 | -4.1% |
| Non-recurring operating charges | 66A | -€2,400 | -€743 | +€1,657 | +69.0% |
| Gross operating margin | 9900 | €492,732 | €237,344 | -€255,388 | -51.8% |
| Operating profit (loss) | 9901 | €482,055 | €204,705 | -€277,350 | -57.5% |
| Financial income | 75/76B | €120,987 | €163,123 | +€42,136 | +34.8% |
| Recurring financial income | 75 | €120,987 | €163,123 | +€42,136 | +34.8% |
| Financial charges | 65/66B | €67,734 | €70,669 | +€2,936 | +4.3% |
| Recurring financial charges | 65 | €67,734 | €70,669 | +€2,936 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €535,308 | €297,159 | -€238,150 | -44.5% |
| Income taxes | 67/77 | €160,790 | €110,015 | -€50,775 | -31.6% |
| Profit (loss) for the period | 9904 | €374,518 | €187,143 | -€187,375 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €374,518 | €187,143 | -€187,375 | -50.0% |
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.