PHILYRA EQUUS: 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.
PHILYRA EQUUS
Largest movements
- Stocks and contracts -€4.7m
down €4.7m (-73.6%), from €6.4m to €1.7m
- Tangible fixed assets -€211,068
down €211,068 (-24.2%), from €871,439 to €660,371
of which Furniture and vehicles: -€174,208
- Profit (loss) carried forward -€5.4m
down €5.4m (-50.5%), from -€10.7m to -€16.1m
- Other debts +€587,484
up €587,484 (+4.7%), from €12.4m to €13.0m
- Write-downs +€5.0m
new in 2025: €5.0m
- Gross operating margin +€609,332
up €609,332 (+80.8%), from -€754,481 to -€145,150
- Financial income -€164,990
down €164,990 (-82.5%), from €200,000 to €35,010
of which Financial income: -€199,990
- Depreciation +€115,691
up €115,691 (+175%), from €65,927 to €181,618
- Staff costs -€47,874
down €47,874 (-32.3%), from €148,330 to €100,456
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 | €7,491,045 | €2,644,269 | -€4.8m | -64.7% |
| Fixed assets | 21/28 | €877,319 | €668,251 | -€209,068 | -23.8% |
| Tangible fixed assets | 22/27 | €871,439 | €660,371 | -€211,068 | -24.2% |
| Plant, machinery and equipment | 23 | €50,050 | €13,190 | -€36,860 | -73.6% |
| Furniture and vehicles | 24 | €821,389 | €647,180 | -€174,208 | -21.2% |
| Financial fixed assets | 28 | €5,880 | €7,880 | +€2,000 | +34.0% |
| Current assets | 29/58 | €6,613,726 | €1,976,018 | -€4.6m | -70.1% |
| Stocks and contracts in progress | 3 | €6,373,157 | €1,681,878 | -€4.7m | -73.6% |
| Stocks | 30/36 | €6,373,157 | €1,681,878 | -€4.7m | -73.6% |
| Amounts receivable within one year | 40/41 | €221,896 | €249,356 | +€27,459 | +12.4% |
| Trade receivables | 40 | €57,260 | €45,082 | -€12,179 | -21.3% |
| Other amounts receivable | 41 | €164,636 | €204,274 | +€39,638 | +24.1% |
| Cash at bank and in hand | 54/58 | €18,253 | €20,975 | +€2,723 | +14.9% |
| Deferred charges and accrued income | 490/1 | €419 | €23,809 | +€23,390 | +5,577% |
| Total equity and liabilities | 10/49 | €7,491,045 | €2,644,269 | -€4.8m | -64.7% |
| Equity | 10/15 | -€5,018,047 | -€10,414,100 | -€5.4m | -108% |
| Contributions | 10/11 | €5,668,332 | €5,668,332 | = | 0.0% |
| Capital | 10 | €5,668,332 | €5,668,332 | = | 0.0% |
| Issued capital | 100 | €5,668,332 | €5,668,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,686,379 | -€16,082,433 | -€5.4m | -50.5% |
| Amounts payable | 17/49 | €12,509,092 | €13,058,369 | +€549,277 | +4.4% |
| Amounts payable within one year | 42/48 | €12,509,092 | €13,058,369 | +€549,277 | +4.4% |
| Trade debts | 44 | €108,236 | €71,989 | -€36,247 | -33.5% |
| Suppliers | 440/4 | €108,236 | €71,989 | -€36,247 | -33.5% |
| Taxes, remuneration and social security | 45 | €22,353 | €20,394 | -€1,959 | -8.8% |
| Remuneration and social security | 454/9 | €22,353 | €20,394 | -€1,959 | -8.8% |
| Other amounts payable | 47/48 | €12,378,502 | €12,965,987 | +€587,484 | +4.7% |
| Remuneration, social security and pensions | 62 | €148,330 | €100,456 | -€47,874 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,927 | €181,618 | +€115,691 | +175% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,954,988 | +€5.0m | |
| Other operating charges | 640/8 | €1,636 | €2,405 | +€769 | +47.0% |
| Gross operating margin | 9900 | -€754,481 | -€145,150 | +€609,332 | +80.8% |
| Operating profit (loss) | 9901 | -€970,375 | -€5,384,618 | -€4.4m | -455% |
| Financial income | 75/76B | €200,000 | €35,010 | -€164,990 | -82.5% |
| Recurring financial income | 75 | €200,000 | €10 | -€199,990 | -100.0% |
| Non-recurring financial income | 76B | €200,000 | €35,000 | -€165,000 | -82.5% |
| Financial charges | 65/66B | €133 | €14,755 | +€14,623 | +11,035% |
| Recurring financial charges | 65 | €133 | €305 | +€173 | +130% |
| Non-recurring financial charges | 66B | - | €14,450 | +€14,450 | |
| Profit (loss) for the period before taxes | 9903 | -€770,508 | -€5,364,363 | -€4.6m | -596% |
| Income taxes | 67/77 | - | €31,690 | +€31,690 | |
| Profit (loss) for the period | 9904 | -€770,508 | -€5,396,053 | -€4.6m | -600% |
| Profit (loss) for the period to be appropriated | 9905 | -€770,508 | -€5,396,053 | -€4.6m | -600% |
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 21 October 2026 via checked.be.