PHIBO MANAGEMENT: 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.
PHIBO MANAGEMENT
Largest movements
- Financial fixed assets +€32,501
up €32,501 (+5.6%), from €582,500 to €615,001
- Receivables after one year +€16,354
new in 2025: €16,354
- Receivables within one year -€14,993
down €14,993 (-56.6%), from €26,467 to €11,474
of which Other amounts receivable: -€15,454
- Other debts +€162,173
up €162,173 (+61.1%), from €265,526 to €427,698
- Debts after one year -€103,869
down €103,869 (-48.8%), from €212,974 to €109,105
- Profit (loss) carried forward -€35,706
down €35,706 (-566.3%), from -€6,305 to -€42,011
- Current portion of long-term debt +€23,657
up €23,657 (+23.9%), from €98,885 to €122,543
- Tax, wage and social debts -€14,839
down €14,839 (-76.2%), from €19,462 to €4,623
- Gross operating margin -€15,924
down €15,924, from €4,569 to -€11,354
- Financial charges -€8,010
down €8,010 (-32.0%), from €25,036 to €17,026
- Other operating charges +€4,827
up €4,827 (+197.5%), from €2,444 to €7,271
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 | €609,089 | €642,829 | +€33,740 | +5.5% |
| Fixed assets | 21/28 | €582,500 | €615,001 | +€32,501 | +5.6% |
| Financial fixed assets | 28 | €582,500 | €615,001 | +€32,501 | +5.6% |
| Current assets | 29/58 | €26,589 | €27,828 | +€1,239 | +4.7% |
| Amounts receivable after more than one year | 29 | - | €16,354 | +€16,354 | |
| Other amounts receivable | 291 | - | €16,354 | +€16,354 | |
| Amounts receivable within one year | 40/41 | €26,467 | €11,474 | -€14,993 | -56.6% |
| Trade receivables | 40 | €9,913 | €10,374 | +€461 | +4.6% |
| Other amounts receivable | 41 | €16,554 | €1,100 | -€15,454 | -93.4% |
| Cash at bank and in hand | 54/58 | €123 | €0 | -€123 | -100.0% |
| Total equity and liabilities | 10/49 | €609,089 | €642,829 | +€33,740 | +5.5% |
| Equity | 10/15 | -€2,305 | -€38,011 | -€35,706 | -1549.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€6,305 | -€42,011 | -€35,706 | -566.3% |
| Amounts payable | 17/49 | €611,394 | €680,840 | +€69,446 | +11.4% |
| Amounts payable after more than one year | 17 | €212,974 | €109,105 | -€103,869 | -48.8% |
| Financial debts | 170/4 | €212,974 | €109,105 | -€103,869 | -48.8% |
| Amounts payable within one year | 42/48 | €398,420 | €571,735 | +€173,315 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €98,885 | €122,543 | +€23,657 | +23.9% |
| Financial debts | 43 | €5,158 | €195 | -€4,963 | -96.2% |
| Credit institutions | 430/8 | €5,158 | €195 | -€4,963 | -96.2% |
| Trade debts | 44 | €9,389 | €16,676 | +€7,287 | +77.6% |
| Suppliers | 440/4 | €9,389 | €16,676 | +€7,287 | +77.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,462 | €4,623 | -€14,839 | -76.2% |
| Taxes | 450/3 | €19,462 | €4,623 | -€14,839 | -76.2% |
| Other amounts payable | 47/48 | €265,526 | €427,698 | +€162,173 | +61.1% |
| Other operating charges | 640/8 | €2,444 | €7,271 | +€4,827 | +197.5% |
| Gross operating margin | 9900 | €4,569 | -€11,354 | -€15,924 | |
| Operating profit (loss) | 9901 | €2,125 | -€18,626 | -€20,751 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €25,036 | €17,026 | -€8,010 | -32.0% |
| Recurring financial charges | 65 | €25,036 | €17,026 | -€8,010 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,910 | -€35,650 | -€12,740 | -55.6% |
| Income taxes | 67/77 | €160 | €56 | -€104 | -64.9% |
| Profit (loss) for the period | 9904 | -€23,070 | -€35,706 | -€12,636 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,070 | -€35,706 | -€12,636 | -54.8% |
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 5 October 2026 via checked.be.