Phifeh: 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.
Phifeh
Largest movements
- Receivables within one year +€48,698
up €48,698 (+80.8%), from €60,284 to €108,982
of which Other amounts receivable: +€49,148
- Tangible fixed assets -€13,356
down €13,356 (-25.1%), from €53,224 to €39,868
of which Furniture and vehicles: -€10,830
- Cash +€4,197
up €4,197 (+17.2%), from €24,414 to €28,610
mainly Net result for the year (+€35,243) and Trade debts (+€14,942)
- Reserves +€35,243
up €35,243 (+45.4%), from €77,672 to €112,915
- Trade debts +€14,942
up €14,942 (+2,935%), from €509 to €15,451
- Debts after one year -€11,176
down €11,176 (-79.4%), from €14,083 to €2,907
- Gross operating margin -€54,602
down €54,602 (-49.3%), from €110,653 to €56,052
- Taxes -€10,418
down €10,418 (-51.5%), from €20,215 to €9,797
- Financial income +€3,327
up €3,327 (+358%), from €929 to €4,257
- Depreciation +€2,925
up €2,925 (+28.0%), from €10,431 to €13,356
- Other operating charges -€1,497
down €1,497 (-77.9%), from €1,922 to €425
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,921 | €177,460 | +€39,539 | +28.7% |
| Fixed assets | 21/28 | €53,224 | €39,868 | -€13,356 | -25.1% |
| Tangible fixed assets | 22/27 | €53,224 | €39,868 | -€13,356 | -25.1% |
| Plant, machinery and equipment | 23 | €7,095 | €4,569 | -€2,526 | -35.6% |
| Furniture and vehicles | 24 | €46,129 | €35,299 | -€10,830 | -23.5% |
| Current assets | 29/58 | €84,697 | €137,592 | +€52,895 | +62.5% |
| Amounts receivable within one year | 40/41 | €60,284 | €108,982 | +€48,698 | +80.8% |
| Trade receivables | 40 | €12,000 | €11,550 | -€450 | -3.8% |
| Other amounts receivable | 41 | €48,284 | €97,432 | +€49,148 | +102% |
| Cash at bank and in hand | 54/58 | €24,414 | €28,610 | +€4,197 | +17.2% |
| Total equity and liabilities | 10/49 | €137,921 | €177,460 | +€39,539 | +28.7% |
| Equity | 10/15 | €82,672 | €117,915 | +€35,243 | +42.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,672 | €112,915 | +€35,243 | +45.4% |
| Distributable reserves | 133 | €77,672 | €112,915 | +€35,243 | +45.4% |
| Amounts payable | 17/49 | €55,249 | €59,545 | +€4,296 | +7.8% |
| Amounts payable after more than one year | 17 | €14,083 | €2,907 | -€11,176 | -79.4% |
| Financial debts | 170/4 | €14,083 | €2,907 | -€11,176 | -79.4% |
| Amounts payable within one year | 42/48 | €41,166 | €56,638 | +€15,472 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €10,487 | €11,176 | +€689 | +6.6% |
| Trade debts | 44 | €509 | €15,451 | +€14,942 | +2,935% |
| Suppliers | 440/4 | €509 | €15,451 | +€14,942 | +2,935% |
| Taxes, remuneration and social security | 45 | €30,170 | €30,011 | -€159 | -0.5% |
| Taxes | 450/3 | €30,170 | €30,011 | -€159 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,431 | €13,356 | +€2,925 | +28.0% |
| Other operating charges | 640/8 | €1,922 | €425 | -€1,497 | -77.9% |
| Gross operating margin | 9900 | €110,653 | €56,052 | -€54,602 | -49.3% |
| Operating profit (loss) | 9901 | €98,301 | €42,271 | -€56,030 | -57.0% |
| Financial income | 75/76B | €929 | €4,257 | +€3,327 | +358% |
| Recurring financial income | 75 | €929 | €4,257 | +€3,327 | +358% |
| Financial charges | 65/66B | €1,344 | €1,488 | +€144 | +10.7% |
| Recurring financial charges | 65 | €1,344 | €1,488 | +€144 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €97,886 | €45,040 | -€52,847 | -54.0% |
| Income taxes | 67/77 | €20,215 | €9,797 | -€10,418 | -51.5% |
| Profit (loss) for the period | 9904 | €77,672 | €35,243 | -€42,429 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,672 | €35,243 | -€42,429 | -54.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.