PHIBO INDUSTRIES: 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.
PHIBO INDUSTRIES
Largest movements
- Cash -€584,490
down €584,490 (-20.7%), from €2.8m to €2.2m
mainly Contributions, distributions and other (-€323,538) and Receivables within one year (-€189,570)
- Receivables within one year +€189,570
up €189,570 (+72.7%), from €260,715 to €450,285
of which Trade receivables: +€191,601
- Intangible fixed assets -€74,827
down €74,827 (-47.3%), from €158,263 to €83,436
- Debts after one year -€150,000
down €150,000 (-13.8%), from €1.1m to €937,500
- Other debts -€138,272
down €138,272 (-29.9%), from €461,939 to €323,667
- Trade debts -€101,690
down €101,690 (-23.9%), from €425,029 to €323,339
- Advances received -€95,182
down €95,182 (-93.6%), from €101,682 to €6,500
- Gross operating margin +€213,783
up €213,783 (+36.7%), from €582,179 to €795,961
- Taxes +€39,252
up €39,252 (+54.6%), from €71,892 to €111,144
- Depreciation +€36,172
up €36,172 (+62.0%), from €58,326 to €94,497
- Staff costs -€20,421
down €20,421 (-6.6%), from €311,126 to €290,705
- Financial income -€17,566
down €17,566 (-19.9%), from €88,491 to €70,924
of which Financial income: -€17,566
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.
Derived cash bridge
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 | €3,882,004 | €3,386,194 | -€495,810 | -12.8% |
| Fixed assets | 21/28 | €307,066 | €219,819 | -€87,247 | -28.4% |
| Intangible fixed assets | 21 | €158,263 | €83,436 | -€74,827 | -47.3% |
| Tangible fixed assets | 22/27 | €148,134 | €135,714 | -€12,420 | -8.4% |
| Land and buildings | 22 | €87,129 | €86,140 | -€990 | -1.1% |
| Plant, machinery and equipment | 23 | €32,302 | €27,050 | -€5,253 | -16.3% |
| Furniture and vehicles | 24 | €28,703 | €22,525 | -€6,178 | -21.5% |
| Financial fixed assets | 28 | €669 | €669 | = | 0.0% |
| Current assets | 29/58 | €3,574,938 | €3,166,375 | -€408,563 | -11.4% |
| Stocks and contracts in progress | 3 | €363,920 | €355,909 | -€8,011 | -2.2% |
| Stocks | 30/36 | €363,920 | €355,909 | -€8,011 | -2.2% |
| Amounts receivable within one year | 40/41 | €260,715 | €450,285 | +€189,570 | +72.7% |
| Trade receivables | 40 | €205,513 | €397,114 | +€191,601 | +93.2% |
| Other amounts receivable | 41 | €55,202 | €53,172 | -€2,031 | -3.7% |
| Current investments | 50/53 | €96,922 | €106,188 | +€9,266 | +9.6% |
| Cash at bank and in hand | 54/58 | €2,828,210 | €2,243,719 | -€584,490 | -20.7% |
| Deferred charges and accrued income | 490/1 | €25,170 | €10,273 | -€14,898 | -59.2% |
| Total equity and liabilities | 10/49 | €3,882,004 | €3,386,194 | -€495,810 | -12.8% |
| Equity | 10/15 | €1,590,314 | €1,590,314 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,569,408 | €1,569,408 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,569,408 | €1,569,408 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €2,306 | €2,306 | = | 0.0% |
| Amounts payable | 17/49 | €2,291,690 | €1,795,880 | -€495,810 | -21.6% |
| Amounts payable after more than one year | 17 | €1,087,500 | €937,500 | -€150,000 | -13.8% |
| Financial debts | 170/4 | €1,087,500 | €937,500 | -€150,000 | -13.8% |
| Amounts payable within one year | 42/48 | €1,204,190 | €858,380 | -€345,810 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €425,029 | €323,339 | -€101,690 | -23.9% |
| Suppliers | 440/4 | €425,029 | €323,339 | -€101,690 | -23.9% |
| Advances received on contracts in progress | 46 | €101,682 | €6,500 | -€95,182 | -93.6% |
| Taxes, remuneration and social security | 45 | €65,539 | €54,873 | -€10,666 | -16.3% |
| Taxes | 450/3 | €6,764 | €13,040 | +€6,276 | +92.8% |
| Remuneration and social security | 454/9 | €58,775 | €41,833 | -€16,942 | -28.8% |
| Other amounts payable | 47/48 | €461,939 | €323,667 | -€138,272 | -29.9% |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €311,126 | €290,705 | -€20,421 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,326 | €94,497 | +€36,172 | +62.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,525 | €0 | +€1,525 | |
| Other operating charges | 640/8 | €16,497 | €16,163 | -€334 | -2.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €582,179 | €795,961 | +€213,783 | +36.7% |
| Operating profit (loss) | 9901 | €197,755 | €394,596 | +€196,841 | +99.5% |
| Financial income | 75/76B | €88,491 | €70,924 | -€17,566 | -19.9% |
| Recurring financial income | 75 | €88,491 | €70,924 | -€17,566 | -19.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €43,755 | €30,839 | -€12,916 | -29.5% |
| Recurring financial charges | 65 | €43,755 | €30,839 | -€12,916 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €242,491 | €434,681 | +€192,191 | +79.3% |
| Income taxes | 67/77 | €71,892 | €111,144 | +€39,252 | +54.6% |
| Profit (loss) for the period | 9904 | €170,599 | €323,538 | +€152,939 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €170,599 | €323,538 | +€152,939 | +89.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.