PHICA: 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.
PHICA
Largest movements
- Tangible fixed assets -€12,257
down €12,257 (-25.5%), from €48,113 to €35,856
- Cash +€10,284
up €10,284 (+60.3%), from €17,061 to €27,345
mainly Depreciation (+€12,257)
- Trade debts -€1,023
down €1,023 (-63.0%), from €1,624 to €601
- Profit (loss) carried forward -€905
down €905 (-0.8%), from -€107,257 to -€108,162
- Gross operating margin -€590
down €590 (-4.5%), from €13,268 to €12,678
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 | €65,173 | €63,200 | -€1,973 | -3.0% |
| Fixed assets | 21/28 | €48,113 | €35,856 | -€12,257 | -25.5% |
| Tangible fixed assets | 22/27 | €48,113 | €35,856 | -€12,257 | -25.5% |
| Land and buildings | 22 | €48,113 | €35,856 | -€12,257 | -25.5% |
| Current assets | 29/58 | €17,061 | €27,345 | +€10,284 | +60.3% |
| Cash at bank and in hand | 54/58 | €17,061 | €27,345 | +€10,284 | +60.3% |
| Total equity and liabilities | 10/49 | €65,173 | €63,200 | -€1,973 | -3.0% |
| Equity | 10/15 | -€57,101 | -€58,006 | -€905 | -1.6% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €578 | €578 | = | 0.0% |
| Non-distributable reserves | 130/1 | €578 | €578 | = | 0.0% |
| Reserves not available under the articles | 1311 | €578 | €578 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,257 | -€108,162 | -€905 | -0.8% |
| Amounts payable | 17/49 | €122,274 | €121,206 | -€1,068 | -0.9% |
| Amounts payable within one year | 42/48 | €122,274 | €121,206 | -€1,068 | -0.9% |
| Trade debts | 44 | €1,624 | €601 | -€1,023 | -63.0% |
| Suppliers | 440/4 | €1,624 | €601 | -€1,023 | -63.0% |
| Other amounts payable | 47/48 | €120,650 | €120,605 | -€45 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,257 | €12,257 | = | 0.0% |
| Other operating charges | 640/8 | €1,197 | €1,279 | +€83 | +6.9% |
| Gross operating margin | 9900 | €13,268 | €12,678 | -€590 | -4.5% |
| Operating profit (loss) | 9901 | -€185 | -€859 | -€673 | -363.2% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€232 | -€905 | -€673 | -290.6% |
| Profit (loss) for the period | 9904 | -€232 | -€905 | -€673 | -290.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€232 | -€905 | -€673 | -290.6% |
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 2 October 2026 via checked.be.