PHIMA: 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.
PHIMA
Largest movements
- Tangible fixed assets -€225,282
down €225,282 (-50.5%), from €445,934 to €220,652
- Cash +€193,079
up €193,079 (+706.6%), from €27,325 to €220,403
mainly Investment in fixed assets (net) (+€225,282) and Trade debts (+€98,251)
- Trade debts +€98,251
up €98,251 (+4131.6%), from €2,378 to €100,629
- Tax, wage and social debts -€97,511
down €97,511 (-99.8%), from €97,706 to €195
- Debts after one year -€20,191
down €20,191 (-35.3%), from €57,236 to €37,045
- Profit (loss) carried forward -€9,792
down €9,792 (-22.3%), from €43,852 to €34,060
- Taxes -€88,736
down €88,736 (-94.0%), from €94,405 to €5,668
- Gross operating margin +€30,383
up €30,383, from -€28,155 to €2,228
- Depreciation -€19,978
no longer reported in 2025 (was €19,978)
- Financial charges -€9,783
down €9,783 (-82.4%), from €11,866 to €2,084
- Other operating charges -€1,075
down €1,075 (-20.1%), from €5,343 to €4,268
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 | €483,107 | €450,519 | -€32,588 | -6.7% |
| Fixed assets | 21/28 | €445,934 | €220,652 | -€225,282 | -50.5% |
| Tangible fixed assets | 22/27 | €445,934 | €220,652 | -€225,282 | -50.5% |
| Land and buildings | 22 | €445,934 | €220,652 | -€225,282 | -50.5% |
| Current assets | 29/58 | €37,173 | €229,867 | +€192,693 | +518.4% |
| Cash at bank and in hand | 54/58 | €27,325 | €220,403 | +€193,079 | +706.6% |
| Deferred charges and accrued income | 490/1 | €9,849 | €9,464 | -€385 | -3.9% |
| Total equity and liabilities | 10/49 | €483,107 | €450,519 | -€32,588 | -6.7% |
| Equity | 10/15 | €315,275 | €305,483 | -€9,792 | -3.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €209,450 | €209,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €807 | €807 | = | 0.0% |
| Legal reserve | 130 | €807 | €807 | = | 0.0% |
| Distributable reserves | 133 | €208,643 | €208,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,852 | €34,060 | -€9,792 | -22.3% |
| Amounts payable | 17/49 | €167,832 | €145,036 | -€22,796 | -13.6% |
| Amounts payable after more than one year | 17 | €57,236 | €37,045 | -€20,191 | -35.3% |
| Financial debts | 170/4 | €57,236 | €37,045 | -€20,191 | -35.3% |
| Amounts payable within one year | 42/48 | €110,596 | €107,991 | -€2,605 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €6,897 | €7,092 | +€195 | +2.8% |
| Trade debts | 44 | €2,378 | €100,629 | +€98,251 | +4131.6% |
| Suppliers | 440/4 | €2,378 | €100,629 | +€98,251 | +4131.6% |
| Taxes, remuneration and social security | 45 | €97,706 | €195 | -€97,511 | -99.8% |
| Taxes | 450/3 | €97,706 | €195 | -€97,511 | -99.8% |
| Other amounts payable | 47/48 | €3,614 | €75 | -€3,539 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,978 | - | -€19,978 | |
| Other operating charges | 640/8 | €5,343 | €4,268 | -€1,075 | -20.1% |
| Gross operating margin | 9900 | -€28,155 | €2,228 | +€30,383 | |
| Operating profit (loss) | 9901 | -€53,476 | -€2,040 | +€51,435 | +96.2% |
| Financial charges | 65/66B | €11,866 | €2,084 | -€9,783 | -82.4% |
| Recurring financial charges | 65 | €11,866 | €2,084 | -€9,783 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | -€65,342 | -€4,124 | +€61,218 | +93.7% |
| Transfer from deferred taxes | 780 | €93,315 | - | -€93,315 | |
| Income taxes | 67/77 | €94,405 | €5,668 | -€88,736 | -94.0% |
| Profit (loss) for the period | 9904 | -€66,432 | -€9,792 | +€56,640 | +85.3% |
| Transfer from tax-exempt reserves | 789 | €279,945 | - | -€279,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €213,513 | -€9,792 | -€223,305 |
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 4 October 2026 via checked.be.