PHIMA: 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.
PHIMA
Largest movements
- Current investments +€249,853
up €249,853 (+36.2%), from €689,766 to €939,619
- Tangible fixed assets -€196,637
down €196,637 (-24.5%), from €804,188 to €607,550
of which Land and buildings: -€217,719
- Deferred charges and accrued income -€100,301
down €100,301 (-35.7%), from €280,728 to €180,427
- Cash +€48,283
up €48,283 (+10.7%), from €449,961 to €498,244
mainly Net result for the year (+€269,566) and Investment in fixed assets (net) (+€132,120)
- Other debts -€54,037
down €54,037 (-29.4%), from €183,718 to €129,681
- Reserves +€48,582
up €48,582 (+2.4%), from €2.0m to €2.0m
of which Distributable reserves: +€48,582
- Gross operating margin +€144,961
up €144,961 (+46.9%), from €309,027 to €453,988
- Taxes +€44,986
up €44,986 (+56.0%), from €80,281 to €125,266
- Financial charges +€27,111
up €27,111, from -€25,457 to €1,654
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 | €2,290,065 | €2,284,735 | -€5,329 | -0.2% |
| Fixed assets | 21/28 | €804,188 | €607,550 | -€196,637 | -24.5% |
| Tangible fixed assets | 22/27 | €804,188 | €607,550 | -€196,637 | -24.5% |
| Land and buildings | 22 | €628,953 | €411,233 | -€217,719 | -34.6% |
| Plant, machinery and equipment | 23 | €134,226 | €116,784 | -€17,442 | -13.0% |
| Furniture and vehicles | 24 | €41,009 | €79,533 | +€38,524 | +93.9% |
| Current assets | 29/58 | €1,485,877 | €1,677,185 | +€191,308 | +12.9% |
| Amounts receivable within one year | 40/41 | €65,422 | €58,895 | -€6,528 | -10.0% |
| Trade receivables | 40 | €2,027 | €2,897 | +€870 | +42.9% |
| Other amounts receivable | 41 | €63,396 | €55,998 | -€7,398 | -11.7% |
| Current investments | 50/53 | €689,766 | €939,619 | +€249,853 | +36.2% |
| Cash at bank and in hand | 54/58 | €449,961 | €498,244 | +€48,283 | +10.7% |
| Deferred charges and accrued income | 490/1 | €280,728 | €180,427 | -€100,301 | -35.7% |
| Total equity and liabilities | 10/49 | €2,290,065 | €2,284,735 | -€5,329 | -0.2% |
| Equity | 10/15 | €2,100,447 | €2,149,029 | +€48,582 | +2.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,000,447 | €2,049,029 | +€48,582 | +2.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,990,447 | €2,039,029 | +€48,582 | +2.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €189,618 | €135,706 | -€53,912 | -28.4% |
| Amounts payable within one year | 42/48 | €189,618 | €135,706 | -€53,912 | -28.4% |
| Trade debts | 44 | - | €125 | +€125 | |
| Suppliers | 440/4 | - | €125 | +€125 | |
| Taxes, remuneration and social security | 45 | €5,900 | €5,900 | = | 0.0% |
| Taxes | 450/3 | €5,900 | €5,900 | = | 0.0% |
| Other amounts payable | 47/48 | €183,718 | €129,681 | -€54,037 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,470 | €64,517 | +€47 | +0.1% |
| Other operating charges | 640/8 | €14,087 | €13,310 | -€777 | -5.5% |
| Gross operating margin | 9900 | €309,027 | €453,988 | +€144,961 | +46.9% |
| Operating profit (loss) | 9901 | €230,470 | €376,161 | +€145,691 | +63.2% |
| Financial income | 75/76B | €18,200 | €20,325 | +€2,125 | +11.7% |
| Recurring financial income | 75 | €18,200 | €20,325 | +€2,125 | +11.7% |
| Financial charges | 65/66B | -€25,457 | €1,654 | +€27,111 | |
| Recurring financial charges | 65 | -€25,457 | €1,654 | +€27,111 | |
| Profit (loss) for the period before taxes | 9903 | €274,128 | €394,832 | +€120,704 | +44.0% |
| Income taxes | 67/77 | €80,281 | €125,266 | +€44,986 | +56.0% |
| Profit (loss) for the period | 9904 | €193,847 | €269,566 | +€75,718 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €193,847 | €269,566 | +€75,718 | +39.1% |
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 19 October 2026 via checked.be.