Phidan: 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.
Phidan
Largest movements
- Cash -€26,448
down €26,448 (-81.6%), from €32,394 to €5,946
mainly Provisions (-€60,000) and Receivables within one year (-€3,580)
- Tangible fixed assets -€7,005
down €7,005 (-5.9%), from €118,071 to €111,066
of which Land and buildings: -€4,883
- Receivables within one year +€3,580
up €3,580 (+38.4%), from €9,330 to €12,910
of which Trade receivables: +€3,780
- Provisions -€60,000
no longer reported in 2025 (was €60,000)
- Profit (loss) carried forward +€28,052
up €28,052 (+29.4%), from -€95,547 to -€67,495
- Provisions -€60,000
new in 2025: -€60,000
- Other operating charges -€6,093
down €6,093 (-67.0%), from €9,096 to €3,004
- Gross operating margin +€1,442
up €1,442 (+6.6%), from -€21,781 to -€20,339
- Depreciation -€527
down €527 (-5.8%), from €9,145 to €8,618
- Financial income -€365
down €365 (-37.9%), from €962 to €598
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 | €177,748 | €147,874 | -€29,874 | -16.8% |
| Fixed assets | 21/28 | €118,506 | €111,500 | -€7,005 | -5.9% |
| Tangible fixed assets | 22/27 | €118,071 | €111,066 | -€7,005 | -5.9% |
| Land and buildings | 22 | €114,358 | €109,475 | -€4,883 | -4.3% |
| Plant, machinery and equipment | 23 | - | €1,590 | +€1,590 | |
| Furniture and vehicles | 24 | €3,713 | - | -€3,713 | |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €59,242 | €36,374 | -€22,868 | -38.6% |
| Amounts receivable within one year | 40/41 | €9,330 | €12,910 | +€3,580 | +38.4% |
| Trade receivables | 40 | €9,000 | €12,780 | +€3,780 | +42.0% |
| Other amounts receivable | 41 | €330 | €130 | -€200 | -60.6% |
| Current investments | 50/53 | €17,518 | €17,518 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,394 | €5,946 | -€26,448 | -81.6% |
| Total equity and liabilities | 10/49 | €177,748 | €147,874 | -€29,874 | -16.8% |
| Equity | 10/15 | €111,765 | €139,817 | +€28,052 | +25.1% |
| Contributions | 10/11 | €191,400 | €191,400 | = | 0.0% |
| Reserves | 13 | €15,912 | €15,912 | = | 0.0% |
| Distributable reserves | 133 | €15,912 | €15,912 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,547 | -€67,495 | +€28,052 | +29.4% |
| Provisions and deferred taxes | 16 | €60,000 | - | -€60,000 | |
| Provisions for liabilities and charges | 160/5 | €60,000 | - | -€60,000 | |
| Environmental obligations | 163 | €60,000 | - | -€60,000 | |
| Amounts payable | 17/49 | €5,983 | €8,057 | +€2,075 | +34.7% |
| Amounts payable within one year | 42/48 | €5,219 | €7,315 | +€2,096 | +40.2% |
| Trade debts | 44 | €1,637 | €1,979 | +€342 | +20.9% |
| Suppliers | 440/4 | €1,637 | €1,979 | +€342 | +20.9% |
| Taxes, remuneration and social security | 45 | €28 | €131 | +€103 | +370.0% |
| Taxes | 450/3 | €28 | €131 | +€103 | +370.0% |
| Other amounts payable | 47/48 | €3,554 | €5,204 | +€1,650 | +46.4% |
| Accrued charges and deferred income | 492/3 | €764 | €743 | -€21 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,145 | €8,618 | -€527 | -5.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€60,000 | -€60,000 | |
| Other operating charges | 640/8 | €9,096 | €3,004 | -€6,093 | -67.0% |
| Gross operating margin | 9900 | -€21,781 | -€20,339 | +€1,442 | +6.6% |
| Operating profit (loss) | 9901 | -€40,022 | €28,039 | +€68,061 | |
| Financial income | 75/76B | €962 | €598 | -€365 | -37.9% |
| Recurring financial income | 75 | €962 | €598 | -€365 | -37.9% |
| Financial charges | 65/66B | €258 | €303 | +€44 | +17.2% |
| Recurring financial charges | 65 | €258 | €303 | +€44 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,318 | €28,334 | +€67,652 | |
| Income taxes | 67/77 | €262 | €283 | +€21 | +8.0% |
| Profit (loss) for the period | 9904 | -€39,579 | €28,052 | +€67,631 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,579 | €28,052 | +€67,631 |
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 29 September 2026 via checked.be.