Phibocon: 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.
Phibocon
Largest movements
- Cash +€46,351
up €46,351 (+52.7%), from €87,976 to €134,326
mainly Net result for the year (+€31,758) and Tax, wage and social debts (+€10,123)
- Receivables within one year -€4,764
down €4,764 (-26.3%), from €18,133 to €13,369
of which Trade receivables: -€4,766
- Reserves +€31,758
up €31,758 (+37.6%), from €84,389 to €116,147
- Tax, wage and social debts +€10,123
up €10,123 (+69.6%), from €14,547 to €24,670
- Gross operating margin +€4,383
up €4,383 (+11.3%), from €38,682 to €43,065
- Taxes +€1,460
up €1,460 (+16.5%), from €8,820 to €10,280
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 | €106,458 | €148,013 | +€41,555 | +39.0% |
| Current assets | 29/58 | €106,458 | €148,013 | +€41,555 | +39.0% |
| Amounts receivable within one year | 40/41 | €18,133 | €13,369 | -€4,764 | -26.3% |
| Trade receivables | 40 | €18,133 | €13,367 | -€4,766 | -26.3% |
| Other amounts receivable | 41 | €0 | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €87,976 | €134,326 | +€46,351 | +52.7% |
| Deferred charges and accrued income | 490/1 | €350 | €318 | -€32 | -9.1% |
| Total equity and liabilities | 10/49 | €106,458 | €148,013 | +€41,555 | +39.0% |
| Equity | 10/15 | €86,889 | €118,647 | +€31,758 | +36.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €84,389 | €116,147 | +€31,758 | +37.6% |
| Distributable reserves | 133 | €84,389 | €116,147 | +€31,758 | +37.6% |
| Amounts payable | 17/49 | €19,569 | €29,366 | +€9,797 | +50.1% |
| Amounts payable within one year | 42/48 | €19,569 | €29,366 | +€9,797 | +50.1% |
| Financial debts | 43 | €39 | €40 | +€1 | +2.6% |
| Credit institutions | 430/8 | €39 | €40 | +€1 | +2.6% |
| Trade debts | 44 | €1,075 | €844 | -€231 | -21.5% |
| Suppliers | 440/4 | €1,075 | €844 | -€231 | -21.5% |
| Taxes, remuneration and social security | 45 | €14,547 | €24,670 | +€10,123 | +69.6% |
| Taxes | 450/3 | €14,547 | €24,670 | +€10,123 | +69.6% |
| Other amounts payable | 47/48 | €3,909 | €3,812 | -€97 | -2.5% |
| Other operating charges | 640/8 | €412 | €828 | +€415 | +100.7% |
| Gross operating margin | 9900 | €38,682 | €43,065 | +€4,383 | +11.3% |
| Operating profit (loss) | 9901 | €38,269 | €42,237 | +€3,968 | +10.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €27 | €199 | +€172 | +634.7% |
| Recurring financial charges | 65 | €27 | €199 | +€172 | +634.7% |
| Profit (loss) for the period before taxes | 9903 | €38,242 | €42,037 | +€3,795 | +9.9% |
| Income taxes | 67/77 | €8,820 | €10,280 | +€1,460 | +16.5% |
| Profit (loss) for the period | 9904 | €29,422 | €31,758 | +€2,336 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,422 | €31,758 | +€2,336 | +7.9% |
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 3 October 2026 via checked.be.