Phifin: 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.
Phifin
Largest movements
- Financial fixed assets +€1.7m
up €1.7m (+37.6%), from €4.4m to €6.0m
- Debts after one year +€1.7m
up €1.7m (+347.7%), from €475,497 to €2.1m
- Gross operating margin +€15,105
up €15,105, from -€299 to €14,806
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 | €4,458,097 | €6,122,145 | +€1.7m | +37.3% |
| Fixed assets | 21/28 | €4,389,383 | €6,039,633 | +€1.7m | +37.6% |
| Financial fixed assets | 28 | €4,389,383 | €6,039,633 | +€1.7m | +37.6% |
| Current assets | 29/58 | €68,715 | €82,513 | +€13,798 | +20.1% |
| Amounts receivable within one year | 40/41 | €66,860 | €82,463 | +€15,603 | +23.3% |
| Trade receivables | 40 | €12,100 | €30,250 | +€18,150 | +150.0% |
| Other amounts receivable | 41 | €54,760 | €52,213 | -€2,547 | -4.7% |
| Cash at bank and in hand | 54/58 | €1,854 | €50 | -€1,805 | -97.3% |
| Total equity and liabilities | 10/49 | €4,458,097 | €6,122,145 | +€1.7m | +37.3% |
| Equity | 10/15 | €3,979,952 | €3,993,375 | +€13,423 | +0.3% |
| Contributions | 10/11 | €4,300,000 | €4,300,000 | = | 0.0% |
| Capital | 10 | €4,300,000 | €4,300,000 | = | 0.0% |
| Issued capital | 100 | €4,300,000 | €4,300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€320,048 | -€306,625 | +€13,423 | +4.2% |
| Amounts payable | 17/49 | €478,145 | €2,128,770 | +€1.7m | +345.2% |
| Amounts payable after more than one year | 17 | €475,497 | €2,128,747 | +€1.7m | +347.7% |
| Financial debts | 170/4 | €475,497 | €2,128,747 | +€1.7m | +347.7% |
| Amounts payable within one year | 42/48 | €2,625 | €0 | -€2,625 | -100.0% |
| Trade debts | 44 | €2,625 | €0 | -€2,625 | -100.0% |
| Suppliers | 440/4 | €2,625 | €0 | -€2,625 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €24 | €24 | = | 0.0% |
| Other operating charges | 640/8 | €1,066 | €1,097 | +€31 | +2.9% |
| Gross operating margin | 9900 | -€299 | €14,806 | +€15,105 | |
| Operating profit (loss) | 9901 | -€1,365 | €13,708 | +€15,074 | |
| Financial charges | 65/66B | €287 | €285 | -€2 | -0.7% |
| Recurring financial charges | 65 | €287 | €285 | -€2 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,652 | €13,423 | +€15,076 | |
| Profit (loss) for the period | 9904 | -€1,652 | €13,423 | +€15,076 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,652 | €13,423 | +€15,076 |
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 1 October 2026 via checked.be.