PhiDesCo: what changed
Two financial 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.
PhiDesCo
Largest movements
- Cash -€11,840
down €11,840 (-17.9%), from €66,240 to €54,400
mainly Contributions, distributions and other (-€50,588) and Receivables within one year (-€8,283)
- Receivables within one year +€8,283
up €8,283 (+27.4%), from €30,262 to €38,544
of which Trade receivables: +€6,142
- Tangible fixed assets -€1,476
down €1,476 (-41.0%), from €3,598 to €2,121
of which Furniture and vehicles: -€1,073
- Other debts +€26,895
up €26,895 (+2,220%), from €1,212 to €28,107
- Reserves -€23,401
down €23,401 (-28.4%), from €82,445 to €59,044
- Tax, wage and social debts -€6,981
down €6,981 (-64.7%), from €10,797 to €3,816
- Gross operating margin +€2,846
up €2,846 (+7.6%), from €37,274 to €40,119
- Other operating charges -€421
down €421 (-12.4%), from €3,396 to €2,975
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.
Derived cash bridge
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 | €102,346 | €98,324 | -€4,022 | -3.9% |
| Fixed assets | 21/28 | €3,598 | €2,121 | -€1,476 | -41.0% |
| Tangible fixed assets | 22/27 | €3,598 | €2,121 | -€1,476 | -41.0% |
| Plant, machinery and equipment | 23 | €1,090 | €686 | -€403 | -37.0% |
| Furniture and vehicles | 24 | €2,508 | €1,435 | -€1,073 | -42.8% |
| Current assets | 29/58 | €98,749 | €96,203 | -€2,546 | -2.6% |
| Amounts receivable within one year | 40/41 | €30,262 | €38,544 | +€8,283 | +27.4% |
| Trade receivables | 40 | €28,091 | €34,234 | +€6,142 | +21.9% |
| Other amounts receivable | 41 | €2,170 | €4,310 | +€2,140 | +98.6% |
| Cash at bank and in hand | 54/58 | €66,240 | €54,400 | -€11,840 | -17.9% |
| Deferred charges and accrued income | 490/1 | €2,247 | €3,258 | +€1,012 | +45.0% |
| Total equity and liabilities | 10/49 | €102,346 | €98,324 | -€4,022 | -3.9% |
| Equity | 10/15 | €87,445 | €64,044 | -€23,401 | -26.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €82,445 | €59,044 | -€23,401 | -28.4% |
| Distributable reserves | 133 | €82,445 | €59,044 | -€23,401 | -28.4% |
| Amounts payable | 17/49 | €14,901 | €34,280 | +€19,379 | +130% |
| Amounts payable within one year | 42/48 | €14,901 | €34,280 | +€19,379 | +130% |
| Financial debts | 43 | - | €121 | +€121 | |
| Credit institutions | 430/8 | - | €121 | +€121 | |
| Trade debts | 44 | €2,892 | €2,236 | -€656 | -22.7% |
| Suppliers | 440/4 | €2,892 | €2,236 | -€656 | -22.7% |
| Taxes, remuneration and social security | 45 | €10,797 | €3,816 | -€6,981 | -64.7% |
| Taxes | 450/3 | €10,797 | €3,816 | -€6,981 | -64.7% |
| Other amounts payable | 47/48 | €1,212 | €28,107 | +€26,895 | +2,220% |
| Remuneration, social security and pensions | 62 | - | €41 | +€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,293 | €1,476 | +€183 | +14.1% |
| Other operating charges | 640/8 | €3,396 | €2,975 | -€421 | -12.4% |
| Gross operating margin | 9900 | €37,274 | €40,119 | +€2,846 | +7.6% |
| Operating profit (loss) | 9901 | €32,584 | €35,626 | +€3,042 | +9.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €725 | €572 | -€153 | -21.1% |
| Recurring financial charges | 65 | €725 | €572 | -€153 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €31,859 | €35,054 | +€3,196 | +10.0% |
| Income taxes | 67/77 | €7,830 | €7,867 | +€37 | +0.5% |
| Profit (loss) for the period | 9904 | €24,029 | €27,187 | +€3,158 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,029 | €27,187 | +€3,158 | +13.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.