PHIJAC: 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.
PHIJAC
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€26,639
down €26,639 (-8.8%), from €303,192 to €276,554
of which Financial debts: -€34,639
- Profit (loss) carried forward +€10,880
up €10,880 (+28.5%), from €38,167 to €49,047
- Other debts +€5,565
up €5,565 (+5.9%), from €94,139 to €99,705
- Gross operating margin +€6,273
up €6,273 (+16.7%), from €37,558 to €43,831
- Taxes +€1,344
up €1,344 (+50.2%), from €2,675 to €4,019
- Depreciation +€478
up €478 (+2.9%), from €16,206 to €16,684
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 | €494,834 | €486,500 | -€8,335 | -1.7% |
| Fixed assets | 21/28 | €480,928 | €476,849 | -€4,079 | -0.8% |
| Tangible fixed assets | 22/27 | €479,878 | €475,799 | -€4,079 | -0.9% |
| Land and buildings | 22 | €479,878 | €475,799 | -€4,079 | -0.9% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €13,906 | €9,650 | -€4,255 | -30.6% |
| Current investments | 50/53 | €10,211 | €6,785 | -€3,426 | -33.6% |
| Cash at bank and in hand | 54/58 | €2,761 | €1,905 | -€856 | -31.0% |
| Deferred charges and accrued income | 490/1 | €934 | €961 | +€27 | +2.9% |
| Total equity and liabilities | 10/49 | €494,834 | €486,500 | -€8,335 | -1.7% |
| Equity | 10/15 | €59,359 | €70,239 | +€10,880 | +18.3% |
| Contributions | 10/11 | €21,191 | €21,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,167 | €49,047 | +€10,880 | +28.5% |
| Amounts payable | 17/49 | €435,475 | €416,261 | -€19,215 | -4.4% |
| Amounts payable after more than one year | 17 | €303,192 | €276,554 | -€26,639 | -8.8% |
| Financial debts | 170/4 | €253,192 | €218,554 | -€34,639 | -13.7% |
| Other amounts payable | 178/9 | €50,000 | €58,000 | +€8,000 | +16.0% |
| Amounts payable within one year | 42/48 | €132,283 | €139,707 | +€7,424 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €34,147 | €34,639 | +€491 | +1.4% |
| Trade debts | 44 | €303 | - | -€303 | |
| Suppliers | 440/4 | €303 | - | -€303 | |
| Taxes, remuneration and social security | 45 | €3,694 | €5,364 | +€1,670 | +45.2% |
| Taxes | 450/3 | €3,694 | €5,364 | +€1,670 | +45.2% |
| Other amounts payable | 47/48 | €94,139 | €99,705 | +€5,565 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,206 | €16,684 | +€478 | +2.9% |
| Other operating charges | 640/8 | €3,185 | €3,561 | +€376 | +11.8% |
| Gross operating margin | 9900 | €37,558 | €43,831 | +€6,273 | +16.7% |
| Operating profit (loss) | 9901 | €18,167 | €23,586 | +€5,419 | +29.8% |
| Financial income | 75/76B | - | €77 | +€77 | |
| Recurring financial income | 75 | - | €77 | +€77 | |
| Financial charges | 65/66B | €8,385 | €8,764 | +€379 | +4.5% |
| Recurring financial charges | 65 | €8,385 | €8,764 | +€379 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €9,783 | €14,899 | +€5,116 | +52.3% |
| Income taxes | 67/77 | €2,675 | €4,019 | +€1,344 | +50.2% |
| Profit (loss) for the period | 9904 | €7,108 | €10,880 | +€3,772 | +53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,108 | €10,880 | +€3,772 | +53.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.