PHIDEL: 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.
PHIDEL
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€97,571
up €97,571 (+46.5%), from €209,779 to €307,350
- Debts after one year -€45,000
down €45,000 (-6.3%), from €710,316 to €665,316
- Accrued charges and deferred income -€28,507
down €28,507 (-78.8%), from €36,166 to €7,659
- Other debts -€13,387
down €13,387 (-8.3%), from €160,544 to €147,157
- Gross operating margin -€21,526
down €21,526 (-12.1%), from €178,335 to €156,809
- Financial charges -€10,176
down €10,176 (-28.4%), from €35,792 to €25,616
- Taxes -€2,479
down €2,479 (-6.9%), from €36,101 to €33,622
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 | €1,192,434 | €1,200,880 | +€8,447 | +0.7% |
| Fixed assets | 21/28 | €1,031,316 | €1,031,316 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,500 | €3,500 | = | 0.0% |
| Other tangible fixed assets | 26 | €3,500 | €3,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,027,816 | €1,027,816 | = | 0.0% |
| Current assets | 29/58 | €161,118 | €169,564 | +€8,447 | +5.2% |
| Amounts receivable within one year | 40/41 | €0 | €1,378 | +€1,378 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €1,378 | +€1,378 | |
| Cash at bank and in hand | 54/58 | €158,909 | €168,186 | +€9,277 | +5.8% |
| Deferred charges and accrued income | 490/1 | €2,209 | €0 | -€2,209 | -100.0% |
| Total equity and liabilities | 10/49 | €1,192,434 | €1,200,880 | +€8,447 | +0.7% |
| Equity | 10/15 | €213,779 | €311,350 | +€97,571 | +45.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,779 | €307,350 | +€97,571 | +46.5% |
| Amounts payable | 17/49 | €978,655 | €889,530 | -€89,124 | -9.1% |
| Amounts payable after more than one year | 17 | €710,316 | €665,316 | -€45,000 | -6.3% |
| Other amounts payable | 178/9 | €710,316 | €665,316 | -€45,000 | -6.3% |
| Amounts payable within one year | 42/48 | €232,172 | €216,555 | -€15,617 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €48,750 | +€3,750 | +8.3% |
| Trade debts | 44 | €4,042 | €1,415 | -€2,627 | -65.0% |
| Suppliers | 440/4 | €4,042 | €1,415 | -€2,627 | -65.0% |
| Taxes, remuneration and social security | 45 | €22,586 | €19,233 | -€3,353 | -14.8% |
| Taxes | 450/3 | €22,586 | €19,233 | -€3,353 | -14.8% |
| Other amounts payable | 47/48 | €160,544 | €147,157 | -€13,387 | -8.3% |
| Accrued charges and deferred income | 492/3 | €36,166 | €7,659 | -€28,507 | -78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Gross operating margin | 9900 | €178,335 | €156,809 | -€21,526 | -12.1% |
| Operating profit (loss) | 9901 | €178,335 | €156,809 | -€21,526 | -12.1% |
| Financial charges | 65/66B | €35,792 | €25,616 | -€10,176 | -28.4% |
| Recurring financial charges | 65 | €35,792 | €25,616 | -€10,176 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €142,543 | €131,193 | -€11,350 | -8.0% |
| Income taxes | 67/77 | €36,101 | €33,622 | -€2,479 | -6.9% |
| Profit (loss) for the period | 9904 | €106,442 | €97,571 | -€8,871 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,442 | €97,571 | -€8,871 | -8.3% |
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 6 October 2026 via checked.be.