Phielsjon: 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.
Phielsjon
Largest movements
- Tangible fixed assets -€32,977
down €32,977 (-11.7%), from €281,706 to €248,729
- Receivables within one year -€21,900
down €21,900 (-19.2%), from €113,808 to €91,907
of which Other amounts receivable: -€22,749
- Cash +€9,882
up €9,882 (+22.3%), from €44,272 to €54,155
mainly Depreciation (+€32,977) and Receivables within one year (+€21,900)
- Provisions -€69,173
down €69,173 (-100.0%), from €69,173 to €0
- Tax, wage and social debts +€21,148
up €21,148 (+4996.4%), from €423 to €21,572
- Taxes +€21,111
up €21,111 (+12104.8%), from €174 to €21,285
- Gross operating margin +€16,156
up €16,156 (+57.7%), from -€27,999 to -€11,843
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 | €439,786 | €394,792 | -€44,995 | -10.2% |
| Fixed assets | 21/28 | €281,706 | €248,729 | -€32,977 | -11.7% |
| Tangible fixed assets | 22/27 | €281,706 | €248,729 | -€32,977 | -11.7% |
| Land and buildings | 22 | €158,531 | €144,791 | -€13,740 | -8.7% |
| Furniture and vehicles | 24 | €15,566 | €4,621 | -€10,946 | -70.3% |
| Other tangible fixed assets | 26 | €107,609 | €99,318 | -€8,291 | -7.7% |
| Current assets | 29/58 | €158,080 | €146,062 | -€12,018 | -7.6% |
| Amounts receivable within one year | 40/41 | €113,808 | €91,907 | -€21,900 | -19.2% |
| Trade receivables | 40 | €1,155 | €2,004 | +€849 | +73.5% |
| Other amounts receivable | 41 | €112,653 | €89,903 | -€22,749 | -20.2% |
| Cash at bank and in hand | 54/58 | €44,272 | €54,155 | +€9,882 | +22.3% |
| Total equity and liabilities | 10/49 | €439,786 | €394,792 | -€44,995 | -10.2% |
| Equity | 10/15 | €369,577 | €373,150 | +€3,573 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €350,985 | €354,556 | +€3,571 | +1.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €207,519 | €0 | -€207,519 | -100.0% |
| Distributable reserves | 133 | €143,466 | €354,556 | +€211,090 | +147.1% |
| Profit (loss) carried forward | 14 | - | €2 | +€2 | |
| Provisions and deferred taxes | 16 | €69,173 | €0 | -€69,173 | -100.0% |
| Deferred taxes | 168 | €69,173 | €0 | -€69,173 | -100.0% |
| Amounts payable | 17/49 | €1,036 | €21,641 | +€20,605 | +1988.3% |
| Amounts payable within one year | 42/48 | €1,036 | €21,641 | +€20,605 | +1988.3% |
| Trade debts | 44 | €613 | €70 | -€543 | -88.6% |
| Suppliers | 440/4 | €613 | €70 | -€543 | -88.6% |
| Taxes, remuneration and social security | 45 | €423 | €21,572 | +€21,148 | +4996.4% |
| Taxes | 450/3 | €423 | €21,572 | +€21,148 | +4996.4% |
| Non-recurring operating income | 76A | €1,379 | €0 | -€1,379 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,748 | €32,977 | +€228 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,142 | €4,031 | -€111 | -2.7% |
| Gross operating margin | 9900 | -€27,999 | -€11,843 | +€16,156 | +57.7% |
| Operating profit (loss) | 9901 | -€64,889 | -€48,851 | +€16,038 | +24.7% |
| Financial income | 75/76B | €4,776 | €4,600 | -€176 | -3.7% |
| Recurring financial income | 75 | €4,776 | €4,600 | -€176 | -3.7% |
| Financial charges | 65/66B | €61 | €63 | +€3 | +4.7% |
| Recurring financial charges | 65 | €61 | €63 | +€3 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€60,174 | -€44,314 | +€15,860 | +26.4% |
| Transfer from deferred taxes | 780 | €6,743 | €69,173 | +€62,430 | +925.9% |
| Income taxes | 67/77 | €174 | €21,285 | +€21,111 | +12104.8% |
| Profit (loss) for the period | 9904 | -€53,606 | €3,573 | +€57,179 | |
| Transfer from tax-exempt reserves | 789 | €20,228 | €207,519 | +€187,291 | +925.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,377 | €211,092 | +€244,470 |
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 30 September 2026 via checked.be.