PHIMAE - FINANCES: 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.
PHIMAE - FINANCES
Largest movements
- Intangible fixed assets -€56,840
down €56,840 (-33.3%), from €170,928 to €114,088
- Receivables within one year -€31,169
down €31,169 (-10.9%), from €284,672 to €253,502
of which Other amounts receivable: -€30,975
- Other debts -€44,779
down €44,779 (-41.3%), from €108,317 to €63,538
- Debts after one year -€42,967
down €42,967 (-24.4%), from €176,300 to €133,333
- Tax, wage and social debts -€15,224
down €15,224 (-32.4%), from €47,017 to €31,793
of which Taxes: -€17,432
- Short-term financial debts +€6,795
up €6,795 (+14.9%), from €45,583 to €52,378
- Gross operating margin +€14,434
up €14,434 (+5.5%), from €260,252 to €274,686
- Taxes -€5,184
down €5,184 (-26.1%), from €19,850 to €14,666
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 | €458,990 | €370,291 | -€88,698 | -19.3% |
| Fixed assets | 21/28 | €170,928 | €114,088 | -€56,840 | -33.3% |
| Intangible fixed assets | 21 | €170,928 | €114,088 | -€56,840 | -33.3% |
| Current assets | 29/58 | €288,062 | €256,204 | -€31,858 | -11.1% |
| Amounts receivable within one year | 40/41 | €284,672 | €253,502 | -€31,169 | -10.9% |
| Trade receivables | 40 | €36,876 | €36,681 | -€195 | -0.5% |
| Other amounts receivable | 41 | €247,796 | €216,821 | -€30,975 | -12.5% |
| Cash at bank and in hand | 54/58 | €3,390 | €2,701 | -€689 | -20.3% |
| Total equity and liabilities | 10/49 | €458,990 | €370,291 | -€88,698 | -19.3% |
| Equity | 10/15 | €34,580 | €35,048 | +€468 | +1.4% |
| Contributions | 10/11 | €29,000 | €29,000 | = | 0.0% |
| Reserves | 13 | €2,900 | €2,900 | = | 0.0% |
| Distributable reserves | 133 | €2,900 | €2,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,680 | €3,148 | +€468 | +17.5% |
| Amounts payable | 17/49 | €424,410 | €335,243 | -€89,167 | -21.0% |
| Amounts payable after more than one year | 17 | €176,300 | €133,333 | -€42,967 | -24.4% |
| Financial debts | 170/4 | €176,300 | €133,333 | -€42,967 | -24.4% |
| Amounts payable within one year | 42/48 | €248,110 | €201,910 | -€46,200 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €42,361 | €45,718 | +€3,357 | +7.9% |
| Financial debts | 43 | €45,583 | €52,378 | +€6,795 | +14.9% |
| Credit institutions | 430/8 | €45,583 | €52,378 | +€6,795 | +14.9% |
| Trade debts | 44 | €4,833 | €8,483 | +€3,650 | +75.5% |
| Suppliers | 440/4 | €4,833 | €8,483 | +€3,650 | +75.5% |
| Taxes, remuneration and social security | 45 | €47,017 | €31,793 | -€15,224 | -32.4% |
| Taxes | 450/3 | €29,003 | €11,571 | -€17,432 | -60.1% |
| Remuneration and social security | 454/9 | €18,013 | €20,222 | +€2,209 | +12.3% |
| Other amounts payable | 47/48 | €108,317 | €63,538 | -€44,779 | -41.3% |
| Non-recurring operating income | 76A | €18,647 | - | -€18,647 | |
| Remuneration, social security and pensions | 62 | €158,555 | €159,890 | +€1,335 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,840 | €56,840 | = | 0.0% |
| Other operating charges | 640/8 | €823 | €2,706 | +€1,883 | +229% |
| Gross operating margin | 9900 | €260,252 | €274,686 | +€14,434 | +5.5% |
| Operating profit (loss) | 9901 | €44,033 | €55,249 | +€11,216 | +25.5% |
| Financial income | 75/76B | €1,545 | - | -€1,545 | |
| Recurring financial income | 75 | €1,545 | - | -€1,545 | |
| Financial charges | 65/66B | €38,470 | €40,114 | +€1,644 | +4.3% |
| Recurring financial charges | 65 | €7,294 | €9,139 | +€1,845 | +25.3% |
| Non-recurring financial charges | 66B | €31,176 | €30,975 | -€201 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €7,108 | €15,135 | +€8,027 | +113% |
| Income taxes | 67/77 | €19,850 | €14,666 | -€5,184 | -26.1% |
| Profit (loss) for the period | 9904 | -€12,742 | €468 | +€13,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,742 | €468 | +€13,211 |
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 18 October 2026 via checked.be.