PHIMAAI: 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.
PHIMAAI
Largest movements
- Receivables within one year +€37,238
up €37,238 (+259.2%), from €14,365 to €51,603
of which Trade receivables: +€37,780
- Current investments +€35,000
up €35,000 (+46.7%), from €75,000 to €110,000
- Cash -€19,860
down €19,860 (-53.6%), from €37,032 to €17,172
mainly Receivables within one year (-€37,238) and Current investments (-€35,000)
- Tangible fixed assets -€2,858
down €2,858 (-30.6%), from €9,344 to €6,486
of which Furniture and vehicles: -€1,908
- Trade debts +€33,157
up €33,157 (+1772.5%), from €1,871 to €35,027
- Profit (loss) carried forward +€11,086
up €11,086, from -€11,086 to €0
- Other debts +€2,667
up €2,667 (+3.6%), from €74,921 to €77,588
- Gross operating margin +€15,831
up €15,831 (+90.3%), from €17,525 to €33,356
- Taxes +€4,750
up €4,750 (+108.9%), from €4,360 to €9,110
- Staff costs -€1,762
no longer reported in 2025 (was €1,762)
- Financial income -€973
down €973 (-63.8%), from €1,525 to €552
- Other operating charges +€568
up €568 (+235.0%), from €242 to €809
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 | €136,488 | €186,072 | +€49,584 | +36.3% |
| Fixed assets | 21/28 | €9,344 | €6,486 | -€2,858 | -30.6% |
| Tangible fixed assets | 22/27 | €9,344 | €6,486 | -€2,858 | -30.6% |
| Plant, machinery and equipment | 23 | €6,413 | €5,463 | -€950 | -14.8% |
| Furniture and vehicles | 24 | €2,932 | €1,023 | -€1,908 | -65.1% |
| Current assets | 29/58 | €127,144 | €179,586 | +€52,443 | +41.2% |
| Amounts receivable within one year | 40/41 | €14,365 | €51,603 | +€37,238 | +259.2% |
| Trade receivables | 40 | €10,410 | €48,189 | +€37,780 | +362.9% |
| Other amounts receivable | 41 | €3,955 | €3,414 | -€541 | -13.7% |
| Current investments | 50/53 | €75,000 | €110,000 | +€35,000 | +46.7% |
| Cash at bank and in hand | 54/58 | €37,032 | €17,172 | -€19,860 | -53.6% |
| Deferred charges and accrued income | 490/1 | €747 | €811 | +€64 | +8.6% |
| Total equity and liabilities | 10/49 | €136,488 | €186,072 | +€49,584 | +36.3% |
| Equity | 10/15 | €59,696 | €71,847 | +€12,151 | +20.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,583 | €65,647 | +€1,064 | +1.6% |
| Tax-exempt reserves | 132 | €325 | €325 | = | 0.0% |
| Distributable reserves | 133 | €64,258 | €65,322 | +€1,064 | +1.7% |
| Profit (loss) carried forward | 14 | -€11,086 | €0 | +€11,086 | |
| Amounts payable | 17/49 | €76,792 | €114,225 | +€37,433 | +48.7% |
| Amounts payable within one year | 42/48 | €76,792 | €114,225 | +€37,433 | +48.7% |
| Trade debts | 44 | €1,871 | €35,027 | +€33,157 | +1772.5% |
| Suppliers | 440/4 | €1,871 | €35,027 | +€33,157 | +1772.5% |
| Taxes, remuneration and social security | 45 | - | €1,610 | +€1,610 | |
| Taxes | 450/3 | - | €1,610 | +€1,610 | |
| Other amounts payable | 47/48 | €74,921 | €77,588 | +€2,667 | +3.6% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €1,762 | - | -€1,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,261 | €2,858 | -€402 | -12.3% |
| Other operating charges | 640/8 | €242 | €809 | +€568 | +235.0% |
| Gross operating margin | 9900 | €17,525 | €33,356 | +€15,831 | +90.3% |
| Operating profit (loss) | 9901 | €12,261 | €29,689 | +€17,428 | +142.1% |
| Financial income | 75/76B | €1,525 | €552 | -€973 | -63.8% |
| Recurring financial income | 75 | €1,525 | €552 | -€973 | -63.8% |
| Financial charges | 65/66B | €128 | €173 | +€45 | +35.6% |
| Recurring financial charges | 65 | €128 | €173 | +€45 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €13,658 | €30,067 | +€16,409 | +120.1% |
| Income taxes | 67/77 | €4,360 | €9,110 | +€4,750 | +108.9% |
| Profit (loss) for the period | 9904 | €9,298 | €20,957 | +€11,659 | +125.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,298 | €20,957 | +€11,659 | +125.4% |
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 3 October 2026 via checked.be.