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
- Cash -€14,008
down €14,008 (-23.6%), from €59,419 to €45,410
mainly Net result for the year (-€9,265) and Investment in fixed assets (net) (-€6,786)
- Stocks and contracts +€5,304
up €5,304 (+35.2%), from €15,049 to €20,353
- Intangible fixed assets -€2,500
down €2,500 (-25.0%), from €10,000 to €7,500
- Reserves -€9,265
down €9,265 (-21.8%), from €42,569 to €33,304
- Tax, wage and social debts +€8,966
up €8,966 (+90.1%), from €9,951 to €18,917
of which Remuneration and social security: +€9,956
- Trade debts -€5,677
down €5,677 (-36.0%), from €15,773 to €10,097
- Current portion of long-term debt -€2,592
no longer reported in 2025 (was €2,592)
- Gross operating margin -€19,200
down €19,200 (-28.2%), from €68,205 to €49,005
- Staff costs +€13,517
up €13,517 (+43.6%), from €30,990 to €44,507
- Depreciation -€9,289
down €9,289 (-52.1%), from €17,843 to €8,554
- Financial charges +€3,988
up €3,988 (+352%), from €1,133 to €5,121
- Taxes -€1,011
down €1,011 (-81.8%), from €1,237 to €226
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 | €111,873 | €102,306 | -€9,567 | -8.6% |
| Fixed assets | 21/28 | €36,454 | €34,687 | -€1,768 | -4.8% |
| Intangible fixed assets | 21 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Tangible fixed assets | 22/27 | €17,592 | €18,324 | +€732 | +4.2% |
| Plant, machinery and equipment | 23 | €15,695 | €13,035 | -€2,659 | -16.9% |
| Furniture and vehicles | 24 | €1,897 | €5,289 | +€3,391 | +179% |
| Financial fixed assets | 28 | €8,863 | €8,863 | = | 0.0% |
| Current assets | 29/58 | €75,419 | €67,619 | -€7,800 | -10.3% |
| Stocks and contracts in progress | 3 | €15,049 | €20,353 | +€5,304 | +35.2% |
| Stocks | 30/36 | €15,049 | €20,353 | +€5,304 | +35.2% |
| Amounts receivable within one year | 40/41 | - | €1,024 | +€1,024 | |
| Trade receivables | 40 | - | €1,024 | +€1,024 | |
| Cash at bank and in hand | 54/58 | €59,419 | €45,410 | -€14,008 | -23.6% |
| Deferred charges and accrued income | 490/1 | €951 | €832 | -€119 | -12.5% |
| Total equity and liabilities | 10/49 | €111,873 | €102,306 | -€9,567 | -8.6% |
| Equity | 10/15 | €61,169 | €51,904 | -€9,265 | -15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,569 | €33,304 | -€9,265 | -21.8% |
| Distributable reserves | 133 | €42,569 | €33,304 | -€9,265 | -21.8% |
| Amounts payable | 17/49 | €50,704 | €50,402 | -€303 | -0.6% |
| Amounts payable within one year | 42/48 | €50,704 | €50,402 | -€303 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €2,592 | - | -€2,592 | |
| Trade debts | 44 | €15,773 | €10,097 | -€5,677 | -36.0% |
| Suppliers | 440/4 | €15,773 | €10,097 | -€5,677 | -36.0% |
| Taxes, remuneration and social security | 45 | €9,951 | €18,917 | +€8,966 | +90.1% |
| Taxes | 450/3 | €8,767 | €7,777 | -€991 | -11.3% |
| Remuneration and social security | 454/9 | €1,184 | €11,141 | +€9,956 | +841% |
| Other amounts payable | 47/48 | €22,388 | €21,388 | -€1,000 | -4.5% |
| Remuneration, social security and pensions | 62 | €30,990 | €44,507 | +€13,517 | +43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,843 | €8,554 | -€9,289 | -52.1% |
| Other operating charges | 640/8 | €1,456 | €1,243 | -€213 | -14.6% |
| Gross operating margin | 9900 | €68,205 | €49,005 | -€19,200 | -28.2% |
| Operating profit (loss) | 9901 | €17,916 | -€5,300 | -€23,215 | |
| Financial income | 75/76B | €834 | €1,382 | +€548 | +65.7% |
| Recurring financial income | 75 | €834 | €1,382 | +€548 | +65.7% |
| Financial charges | 65/66B | €1,133 | €5,121 | +€3,988 | +352% |
| Recurring financial charges | 65 | €1,133 | €5,121 | +€3,988 | +352% |
| Profit (loss) for the period before taxes | 9903 | €17,617 | -€9,039 | -€26,656 | |
| Income taxes | 67/77 | €1,237 | €226 | -€1,011 | -81.8% |
| Profit (loss) for the period | 9904 | €16,380 | -€9,265 | -€25,645 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,380 | -€9,265 | -€25,645 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.