PHIDIAS: 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.
What changed
PHIDIAS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€130,814
2024 · €3,967+€126,847
Equity
€3.0m
2024 · €2.9m+€130,814
Cash
€5,681
2024 · €18,521-€12,840
Balance sheet total
€5.3m
2024 · €5.6m-€239,549
Largest movements
Assets
- Tangible fixed assets -€234,712
down €234,712 (-5.5%), from €4.3m to €4.0m
of which Land and buildings: -€228,574
Equity and liabilities
- Debts after one year -€247,197
down €247,197 (-26.0%), from €950,312 to €703,115
- Reserves +€130,814
up €130,814 (+7.8%), from €1.7m to €1.8m
of which Distributable reserves: +€194,221
- Accrued charges and deferred income -€61,779
down €61,779 (-20.9%), from €295,217 to €233,438
Income statement
- Financial income +€149,300
up €149,300 (+21,317%), from €700 to €150,001
- Depreciation +€14,992
up €14,992 (+6.7%), from €224,169 to €239,161
- Gross operating margin -€10,227
down €10,227 (-3.0%), from €336,428 to €326,201
- Financial charges -€4,061
down €4,061 (-6.7%), from €60,438 to €56,377
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.
Result 2024
€3,967
Gross operating margin
-€10,227
Depreciation
-€14,992
Other operating charges
-€2,263
Financial income
+€149,300
Financial charges
+€4,061
Taxes
+€967
Result 2025
€130,814
raises the resultlowers the result
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.
From operations
+€236,280
Investment
-€4,449
Financing
-€244,671
Cash 2024
€18,521
From operations (derived)
+€236,280
Net result for the year
+€130,814
Depreciation
+€239,161
Receivables within one year
-€6,049
Deferred charges and accrued income
-€1,954
Provisions
-€3,352
Trade debts
-€39,383
Tax, wage and social debts
-€14,094
Other debts
-€7,086
Accrued charges and deferred income
-€61,779
Investment (derived)
-€4,449
Investment in fixed assets (net)
-€4,449
Financing
-€244,671
Debts after one year
-€247,197
Current portion of long-term debt
+€2,526
Cash 2025
€5,681
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,558,166 | €5,318,616 | -€239,549 | -4.3% |
| Fixed assets | 21/28 | €5,500,619 | €5,265,907 | -€234,712 | -4.3% |
| Tangible fixed assets | 22/27 | €4,255,619 | €4,020,907 | -€234,712 | -5.5% |
| Land and buildings | 22 | €4,209,566 | €3,980,992 | -€228,574 | -5.4% |
| Plant, machinery and equipment | 23 | €97 | €3,959 | +€3,862 | +3,989% |
| Furniture and vehicles | 24 | €45,956 | €35,956 | -€10,000 | -21.8% |
| Financial fixed assets | 28 | €1,245,000 | €1,245,000 | = | 0.0% |
| Current assets | 29/58 | €57,547 | €52,709 | -€4,838 | -8.4% |
| Amounts receivable within one year | 40/41 | €36,545 | €42,594 | +€6,049 | +16.6% |
| Trade receivables | 40 | €36,545 | €42,051 | +€5,507 | +15.1% |
| Other amounts receivable | 41 | €0 | €542 | +€542 | |
| Cash at bank and in hand | 54/58 | €18,521 | €5,681 | -€12,840 | -69.3% |
| Deferred charges and accrued income | 490/1 | €2,481 | €4,435 | +€1,954 | +78.7% |
| Total equity and liabilities | 10/49 | €5,558,166 | €5,318,616 | -€239,549 | -4.3% |
| Equity | 10/15 | €2,902,169 | €3,032,984 | +€130,814 | +4.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €0 | -€500,000 | -100% |
| Issued capital | 100 | €500,000 | €0 | -€500,000 | -100% |
| Contributions outside capital | 11 | - | €500,000 | +€500,000 | |
| Other | 1109/19 | - | €500,000 | +€500,000 | |
| Reserves | 13 | €1,679,163 | €1,809,977 | +€130,814 | +7.8% |
| Non-distributable reserves | 130/1 | €50,000 | €0 | -€50,000 | -100% |
| Legal reserve | 130 | €50,000 | €0 | -€50,000 | -100% |
| Tax-exempt reserves | 132 | €134,072 | €120,664 | -€13,407 | -10.0% |
| Distributable reserves | 133 | €1,495,091 | €1,689,313 | +€194,221 | +13.0% |
| Profit (loss) carried forward | 14 | €723,006 | €723,006 | = | 0.0% |
| Provisions and deferred taxes | 16 | €33,518 | €30,166 | -€3,352 | -10.0% |
| Deferred taxes | 168 | €33,518 | €30,166 | -€3,352 | -10.0% |
| Amounts payable | 17/49 | €2,622,479 | €2,255,467 | -€367,012 | -14.0% |
| Amounts payable after more than one year | 17 | €950,312 | €703,115 | -€247,197 | -26.0% |
| Financial debts | 170/4 | €950,312 | €703,115 | -€247,197 | -26.0% |
| Amounts payable within one year | 42/48 | €1,376,950 | €1,318,914 | -€58,036 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €248,658 | €251,184 | +€2,526 | +1.0% |
| Trade debts | 44 | €41,628 | €2,245 | -€39,383 | -94.6% |
| Suppliers | 440/4 | €41,628 | €2,245 | -€39,383 | -94.6% |
| Taxes, remuneration and social security | 45 | €147,143 | €133,049 | -€14,094 | -9.6% |
| Taxes | 450/3 | €27,477 | €18,809 | -€8,668 | -31.5% |
| Remuneration and social security | 454/9 | €119,666 | €114,240 | -€5,425 | -4.5% |
| Other amounts payable | 47/48 | €939,522 | €932,437 | -€7,086 | -0.8% |
| Accrued charges and deferred income | 492/3 | €295,217 | €233,438 | -€61,779 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,169 | €239,161 | +€14,992 | +6.7% |
| Other operating charges | 640/8 | €49,330 | €51,593 | +€2,263 | +4.6% |
| Gross operating margin | 9900 | €336,428 | €326,201 | -€10,227 | -3.0% |
| Operating profit (loss) | 9901 | €62,929 | €35,448 | -€27,481 | -43.7% |
| Financial income | 75/76B | €700 | €150,001 | +€149,300 | +21,317% |
| Recurring financial income | 75 | €700 | €150,001 | +€149,300 | +21,317% |
| Financial charges | 65/66B | €60,438 | €56,377 | -€4,061 | -6.7% |
| Recurring financial charges | 65 | €60,438 | €56,377 | -€4,061 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €3,192 | €129,071 | +€125,880 | +3,944% |
| Transfer from deferred taxes | 780 | €3,352 | €3,352 | = | 0.0% |
| Income taxes | 67/77 | €2,576 | €1,609 | -€967 | -37.5% |
| Profit (loss) for the period | 9904 | €3,967 | €130,814 | +€126,847 | +3,197% |
| Transfer from tax-exempt reserves | 789 | €13,407 | €13,407 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,374 | €144,221 | +€126,847 | +730% |
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 29 October 2026 via checked.be.