PHIDAC: 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.
PHIDAC
Largest movements
- Cash +€146,261
up €146,261 (+784.2%), from €18,652 to €164,912
mainly Net result for the year (+€104,881) and Accrued charges and deferred income (+€50,109)
- Receivables within one year +€23,374
up €23,374 (+22.2%), from €105,086 to €128,460
of which Trade receivables: +€14,531
- Stocks and contracts -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Deferred charges and accrued income +€5,216
up €5,216 (+376.0%), from €1,387 to €6,603
- Tangible fixed assets +€3,182
up €3,182 (+73.5%), from €4,331 to €7,513
of which Furniture and vehicles: +€3,963
- Reserves +€104,500
up €104,500 (+211.7%), from €49,360 to €153,860
- Accrued charges and deferred income +€50,109
up €50,109 (+185.7%), from €26,989 to €77,098
- Tax, wage and social debts +€17,627
up €17,627 (+66.8%), from €26,404 to €44,032
of which Taxes: +€17,087
- Trade debts -€17,156
down €17,156 (-54.9%), from €31,265 to €14,109
- Gross operating margin +€140,551
up €140,551 (+122.7%), from €114,566 to €255,117
- Taxes +€41,248
up €41,248 (+1344.5%), from €3,068 to €44,316
- Staff costs +€2,735
up €2,735 (+2.8%), from €96,741 to €99,476
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 | €149,456 | €307,488 | +€158,032 | +105.7% |
| Fixed assets | 21/28 | €4,331 | €7,513 | +€3,182 | +73.5% |
| Tangible fixed assets | 22/27 | €4,331 | €7,513 | +€3,182 | +73.5% |
| Plant, machinery and equipment | 23 | €4,001 | €3,220 | -€782 | -19.5% |
| Furniture and vehicles | 24 | €330 | €4,293 | +€3,963 | +1202.1% |
| Current assets | 29/58 | €145,125 | €299,975 | +€154,850 | +106.7% |
| Stocks and contracts in progress | 3 | €20,000 | €0 | -€20,000 | -100.0% |
| Contracts in progress | 37 | €20,000 | €0 | -€20,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €105,086 | €128,460 | +€23,374 | +22.2% |
| Trade receivables | 40 | €49,388 | €63,918 | +€14,531 | +29.4% |
| Other amounts receivable | 41 | €55,698 | €64,542 | +€8,843 | +15.9% |
| Cash at bank and in hand | 54/58 | €18,652 | €164,912 | +€146,261 | +784.2% |
| Deferred charges and accrued income | 490/1 | €1,387 | €6,603 | +€5,216 | +376.0% |
| Total equity and liabilities | 10/49 | €149,456 | €307,488 | +€158,032 | +105.7% |
| Equity | 10/15 | €62,949 | €167,830 | +€104,881 | +166.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €49,360 | €153,860 | +€104,500 | +211.7% |
| Distributable reserves | 133 | €49,360 | €153,860 | +€104,500 | +211.7% |
| Profit (loss) carried forward | 14 | €1,189 | €1,570 | +€381 | +32.0% |
| Amounts payable | 17/49 | €86,507 | €139,658 | +€53,151 | +61.4% |
| Amounts payable within one year | 42/48 | €59,518 | €62,560 | +€3,042 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €1,291 | €3,901 | +€2,611 | +202.3% |
| Financial debts | 43 | €558 | €518 | -€39 | -7.1% |
| Credit institutions | 430/8 | €558 | €518 | -€39 | -7.1% |
| Trade debts | 44 | €31,265 | €14,109 | -€17,156 | -54.9% |
| Suppliers | 440/4 | €31,265 | €14,109 | -€17,156 | -54.9% |
| Taxes, remuneration and social security | 45 | €26,404 | €44,032 | +€17,627 | +66.8% |
| Taxes | 450/3 | €9,126 | €26,214 | +€17,087 | +187.2% |
| Remuneration and social security | 454/9 | €17,278 | €17,818 | +€540 | +3.1% |
| Accrued charges and deferred income | 492/3 | €26,989 | €77,098 | +€50,109 | +185.7% |
| Non-recurring operating income | 76A | €8,985 | €0 | -€8,985 | -100.0% |
| Remuneration, social security and pensions | 62 | €96,741 | €99,476 | +€2,735 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,714 | €1,591 | -€123 | -7.2% |
| Other operating charges | 640/8 | €1,934 | €629 | -€1,305 | -67.5% |
| Non-recurring operating charges | 66A | €306 | €63 | -€243 | -79.3% |
| Gross operating margin | 9900 | €114,566 | €255,117 | +€140,551 | +122.7% |
| Operating profit (loss) | 9901 | €13,871 | €153,357 | +€139,486 | +1005.6% |
| Financial income | 75/76B | €51 | €29 | -€22 | -43.2% |
| Recurring financial income | 75 | €51 | €29 | -€22 | -43.2% |
| Financial charges | 65/66B | €3,836 | €4,189 | +€353 | +9.2% |
| Recurring financial charges | 65 | €3,836 | €4,189 | +€353 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €10,086 | €149,197 | +€139,112 | +1379.3% |
| Income taxes | 67/77 | €3,068 | €44,316 | +€41,248 | +1344.5% |
| Profit (loss) for the period | 9904 | €7,018 | €104,881 | +€97,863 | +1394.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,018 | €104,881 | +€97,863 | +1394.5% |
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.