PHIDO: 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.
PHIDO
Largest movements
- Cash +€21,664
up €21,664 (+9.3%), from €231,780 to €253,445
mainly Net result for the year (+€33,954) and Depreciation (+€27,086)
- Reserves +€33,954
up €33,954 (+21.4%), from €158,753 to €192,707
- Debts after one year -€16,444
down €16,444 (-9.4%), from €174,186 to €157,742
of which Financial debts: -€15,544
- Other debts +€7,418
up €7,418 (+5.3%), from €139,728 to €147,146
- Gross operating margin -€18,870
down €18,870 (-16.7%), from €113,054 to €94,184
- Purchases and services +€15,640
up €15,640 (+238.8%), from €6,550 to €22,190
- Financial charges -€1,304
down €1,304 (-9.3%), from €14,033 to €12,729
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 | €606,820 | €634,213 | +€27,393 | +4.5% |
| Fixed assets | 21/28 | €358,970 | €364,251 | +€5,281 | +1.5% |
| Tangible fixed assets | 22/27 | €356,870 | €362,151 | +€5,281 | +1.5% |
| Land and buildings | 22 | €345,588 | €354,874 | +€9,286 | +2.7% |
| Plant, machinery and equipment | 23 | €11,282 | €7,277 | -€4,006 | -35.5% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €247,849 | €269,962 | +€22,112 | +8.9% |
| Amounts receivable within one year | 40/41 | €14,666 | €15,267 | +€600 | +4.1% |
| Trade receivables | 40 | - | €600 | +€600 | |
| Other amounts receivable | 41 | €14,666 | €14,666 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €231,780 | €253,445 | +€21,664 | +9.3% |
| Deferred charges and accrued income | 490/1 | €1,403 | €1,250 | -€152 | -10.9% |
| Total equity and liabilities | 10/49 | €606,820 | €634,213 | +€27,393 | +4.5% |
| Equity | 10/15 | €231,103 | €265,057 | +€33,954 | +14.7% |
| Contributions | 10/11 | €72,350 | €72,350 | = | 0.0% |
| Capital | 10 | €72,350 | €72,350 | = | 0.0% |
| Issued capital | 100 | €72,350 | €72,350 | = | 0.0% |
| Reserves | 13 | €158,753 | €192,707 | +€33,954 | +21.4% |
| Distributable reserves | 133 | €158,753 | €192,707 | +€33,954 | +21.4% |
| Amounts payable | 17/49 | €375,716 | €369,156 | -€6,560 | -1.7% |
| Amounts payable after more than one year | 17 | €174,186 | €157,742 | -€16,444 | -9.4% |
| Financial debts | 170/4 | €171,986 | €156,442 | -€15,544 | -9.0% |
| Other amounts payable | 178/9 | €2,200 | €1,300 | -€900 | -40.9% |
| Amounts payable within one year | 42/48 | €201,530 | €211,414 | +€9,884 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €40,053 | €40,544 | +€491 | +1.2% |
| Trade debts | 44 | €18,611 | €20,058 | +€1,446 | +7.8% |
| Suppliers | 440/4 | €18,611 | €20,058 | +€1,446 | +7.8% |
| Taxes, remuneration and social security | 45 | €3,138 | €3,667 | +€529 | +16.8% |
| Taxes | 450/3 | €3,138 | €3,667 | +€529 | +16.8% |
| Other amounts payable | 47/48 | €139,728 | €147,146 | +€7,418 | +5.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,550 | €22,190 | +€15,640 | +238.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,018 | €27,086 | +€68 | +0.3% |
| Other operating charges | 640/8 | €2,946 | €2,193 | -€753 | -25.6% |
| Gross operating margin | 9900 | €113,054 | €94,184 | -€18,870 | -16.7% |
| Operating profit (loss) | 9901 | €83,090 | €64,905 | -€18,184 | -21.9% |
| Financial income | 75/76B | €1,035 | €649 | -€386 | -37.3% |
| Recurring financial income | 75 | €1,035 | €649 | -€386 | -37.3% |
| Financial charges | 65/66B | €14,033 | €12,729 | -€1,304 | -9.3% |
| Recurring financial charges | 65 | €14,033 | €12,729 | -€1,304 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €70,091 | €52,825 | -€17,266 | -24.6% |
| Income taxes | 67/77 | €18,345 | €18,872 | +€526 | +2.9% |
| Profit (loss) for the period | 9904 | €51,746 | €33,954 | -€17,792 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,746 | €33,954 | -€17,792 | -34.4% |
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.