PHIGY CONSULTING: 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.
PHIGY CONSULTING
Largest movements
- Tangible fixed assets +€200,029
up €200,029 (+77.9%), from €256,833 to €456,862
of which Land and buildings: +€208,418
- Cash -€100,792
down €100,792 (-31.1%), from €323,845 to €223,052
mainly Investment in fixed assets (net) (-€229,000) and Contributions, distributions and other (-€63,147)
- Debts after one year +€108,755
up €108,755 (+56.9%), from €191,250 to €300,006
of which Financial debts: +€107,735
- Trade debts -€19,986
down €19,986 (-89.4%), from €22,350 to €2,364
- Reserves +€8,066
up €8,066 (+2.6%), from €315,331 to €323,397
of which Distributable reserves: +€8,066
- Current portion of long-term debt +€7,713
up €7,713 (+24.7%), from €31,219 to €38,931
- Gross operating margin +€46,023
up €46,023 (+37.2%), from €123,881 to €169,904
- Other operating charges +€27,000
up €27,000 (+831%), from €3,248 to €30,247
- Financial charges +€4,452
up €4,452 (+119%), from €3,744 to €8,197
- Taxes +€3,868
up €3,868 (+14.1%), from €27,463 to €31,332
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €632,078 | €736,174 | +€104,096 | +16.5% |
| Fixed assets | 21/28 | €256,833 | €456,862 | +€200,029 | +77.9% |
| Tangible fixed assets | 22/27 | €256,833 | €456,862 | +€200,029 | +77.9% |
| Land and buildings | 22 | €248,444 | €456,862 | +€208,418 | +83.9% |
| Furniture and vehicles | 24 | €8,389 | €0 | -€8,389 | -100% |
| Current assets | 29/58 | €375,245 | €279,312 | -€95,933 | -25.6% |
| Amounts receivable within one year | 40/41 | €50,499 | €52,922 | +€2,423 | +4.8% |
| Trade receivables | 40 | €27,719 | €50,433 | +€22,713 | +81.9% |
| Other amounts receivable | 41 | €22,780 | €2,489 | -€20,290 | -89.1% |
| Cash at bank and in hand | 54/58 | €323,845 | €223,052 | -€100,792 | -31.1% |
| Deferred charges and accrued income | 490/1 | €901 | €3,338 | +€2,437 | +270% |
| Total equity and liabilities | 10/49 | €632,078 | €736,174 | +€104,096 | +16.5% |
| Equity | 10/15 | €363,773 | €371,839 | +€8,066 | +2.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €315,331 | €323,397 | +€8,066 | +2.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €315,331 | €323,397 | +€8,066 | +2.6% |
| Profit (loss) carried forward | 14 | €29,892 | €29,892 | = | 0.0% |
| Amounts payable | 17/49 | €268,305 | €364,335 | +€96,030 | +35.8% |
| Amounts payable after more than one year | 17 | €191,250 | €300,006 | +€108,755 | +56.9% |
| Financial debts | 170/4 | €191,250 | €298,986 | +€107,735 | +56.3% |
| Other amounts payable | 178/9 | - | €1,020 | +€1,020 | |
| Amounts payable within one year | 42/48 | €77,055 | €64,330 | -€12,725 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €31,219 | €38,931 | +€7,713 | +24.7% |
| Financial debts | 43 | - | €1,468 | +€1,468 | |
| Credit institutions | 430/8 | - | €1,468 | +€1,468 | |
| Trade debts | 44 | €22,350 | €2,364 | -€19,986 | -89.4% |
| Suppliers | 440/4 | €22,350 | €2,364 | -€19,986 | -89.4% |
| Taxes, remuneration and social security | 45 | €21,611 | €18,320 | -€3,290 | -15.2% |
| Taxes | 450/3 | €19,098 | €15,646 | -€3,452 | -18.1% |
| Remuneration and social security | 454/9 | €2,513 | €2,674 | +€162 | +6.4% |
| Other amounts payable | 47/48 | €1,876 | €3,247 | +€1,371 | +73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,884 | €28,971 | +€1,087 | +3.9% |
| Other operating charges | 640/8 | €3,248 | €30,247 | +€27,000 | +831% |
| Gross operating margin | 9900 | €123,881 | €169,904 | +€46,023 | +37.2% |
| Operating profit (loss) | 9901 | €92,750 | €110,686 | +€17,937 | +19.3% |
| Financial income | 75/76B | €5 | €55 | +€50 | +1,000% |
| Recurring financial income | 75 | €5 | €55 | +€50 | +1,000% |
| Financial charges | 65/66B | €3,744 | €8,197 | +€4,452 | +119% |
| Recurring financial charges | 65 | €3,744 | €8,197 | +€4,452 | +119% |
| Profit (loss) for the period before taxes | 9903 | €89,010 | €102,544 | +€13,534 | +15.2% |
| Income taxes | 67/77 | €27,463 | €31,332 | +€3,868 | +14.1% |
| Profit (loss) for the period | 9904 | €61,547 | €71,213 | +€9,666 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,547 | €71,213 | +€9,666 | +15.7% |
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.