Phiin: 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.
Phiin
Largest movements
- Deferred charges and accrued income -€3,629
down €3,629 (-71.7%), from €5,060 to €1,431
- Tangible fixed assets -€2,861
down €2,861 (-50.2%), from €5,698 to €2,838
- Cash +€1,766
up €1,766 (+233.4%), from €756 to €2,522
mainly Deferred charges and accrued income (+€3,629) and Depreciation (+€2,861)
- Stocks and contracts -€209
down €209 (-57.1%), from €366 to €157
- Other debts -€3,711
down €3,711 (-7.6%), from €48,632 to €44,921
- Debts after one year -€2,157
down €2,157 (-48.8%), from €4,423 to €2,265
- Profit (loss) carried forward +€1,873
up €1,873 (+4.7%), from -€39,464 to -€37,591
- Tax, wage and social debts -€593
down €593 (-67.6%), from €877 to €284
- Trade debts -€263
no longer reported in 2025 (was €263)
- Staff costs -€15,002
no longer reported in 2025 (was €15,002)
- Gross operating margin +€13,402
up €13,402, from -€5,068 to €8,334
- Other operating charges -€2,178
down €2,178 (-76.1%), from €2,862 to €685
- Financial charges +€779
up €779 (+36.4%), from €2,139 to €2,918
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 | €19,731 | €14,879 | -€4,852 | -24.6% |
| Fixed assets | 21/28 | €5,698 | €2,838 | -€2,861 | -50.2% |
| Tangible fixed assets | 22/27 | €5,698 | €2,838 | -€2,861 | -50.2% |
| Plant, machinery and equipment | 23 | €5,698 | €2,838 | -€2,861 | -50.2% |
| Current assets | 29/58 | €14,033 | €12,042 | -€1,991 | -14.2% |
| Stocks and contracts in progress | 3 | €366 | €157 | -€209 | -57.1% |
| Stocks | 30/36 | €366 | €157 | -€209 | -57.1% |
| Amounts receivable within one year | 40/41 | €7,850 | €7,931 | +€81 | +1.0% |
| Trade receivables | 40 | - | €81 | +€81 | |
| Other amounts receivable | 41 | €7,850 | €7,850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €756 | €2,522 | +€1,766 | +233.4% |
| Deferred charges and accrued income | 490/1 | €5,060 | €1,431 | -€3,629 | -71.7% |
| Total equity and liabilities | 10/49 | €19,731 | €14,879 | -€4,852 | -24.6% |
| Equity | 10/15 | -€34,464 | -€32,591 | +€1,873 | +5.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,464 | -€37,591 | +€1,873 | +4.7% |
| Amounts payable | 17/49 | €54,195 | €47,471 | -€6,725 | -12.4% |
| Amounts payable after more than one year | 17 | €4,423 | €2,265 | -€2,157 | -48.8% |
| Financial debts | 170/4 | €4,423 | €2,265 | -€2,157 | -48.8% |
| Amounts payable within one year | 42/48 | €49,772 | €45,205 | -€4,567 | -9.2% |
| Trade debts | 44 | €263 | - | -€263 | |
| Suppliers | 440/4 | €263 | - | -€263 | |
| Taxes, remuneration and social security | 45 | €877 | €284 | -€593 | -67.6% |
| Taxes | 450/3 | €877 | €284 | -€593 | -67.6% |
| Other amounts payable | 47/48 | €48,632 | €44,921 | -€3,711 | -7.6% |
| Remuneration, social security and pensions | 62 | €15,002 | - | -€15,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,861 | €2,861 | = | 0.0% |
| Other operating charges | 640/8 | €2,862 | €685 | -€2,178 | -76.1% |
| Gross operating margin | 9900 | -€5,068 | €8,334 | +€13,402 | |
| Operating profit (loss) | 9901 | -€25,793 | €4,788 | +€30,581 | |
| Financial income | 75/76B | €27 | €3 | -€24 | -90.0% |
| Recurring financial income | 75 | €27 | €3 | -€24 | -90.0% |
| Financial charges | 65/66B | €2,139 | €2,918 | +€779 | +36.4% |
| Recurring financial charges | 65 | €2,139 | €2,918 | +€779 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,905 | €1,873 | +€29,778 | |
| Profit (loss) for the period | 9904 | -€27,905 | €1,873 | +€29,778 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,905 | €1,873 | +€29,778 |
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 8 October 2026 via checked.be.