PHIMARC: 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.
PHIMARC
Largest movements
- Cash +€380,627
up €380,627 (+185.3%), from €205,383 to €586,010
mainly Net result for the year (+€333,256) and Tax, wage and social debts (+€76,200)
- Receivables within one year +€41,082
up €41,082 (+22.7%), from €181,254 to €222,336
of which Trade receivables: +€53,470
- Tangible fixed assets -€17,189
down €17,189 (-50.0%), from €34,356 to €17,168
of which Other tangible fixed assets: -€10,412
- Reserves +€333,256
up €333,256 (+91.5%), from €364,338 to €697,595
- Tax, wage and social debts +€76,200
up €76,200 (+256.9%), from €29,661 to €105,860
of which Taxes: +€76,116
- Gross operating margin +€261,711
up €261,711 (+100.0%), from €261,634 to €523,345
- Taxes +€84,458
up €84,458 (+126.2%), from €66,905 to €151,363
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 | €420,993 | €825,514 | +€404,520 | +96.1% |
| Fixed assets | 21/28 | €34,356 | €17,168 | -€17,189 | -50.0% |
| Tangible fixed assets | 22/27 | €34,356 | €17,168 | -€17,189 | -50.0% |
| Furniture and vehicles | 24 | €6,777 | - | -€6,777 | |
| Other tangible fixed assets | 26 | €27,580 | €17,168 | -€10,412 | -37.8% |
| Current assets | 29/58 | €386,637 | €808,346 | +€421,709 | +109.1% |
| Amounts receivable within one year | 40/41 | €181,254 | €222,336 | +€41,082 | +22.7% |
| Trade receivables | 40 | €74,246 | €127,715 | +€53,470 | +72.0% |
| Other amounts receivable | 41 | €107,008 | €94,621 | -€12,387 | -11.6% |
| Cash at bank and in hand | 54/58 | €205,383 | €586,010 | +€380,627 | +185.3% |
| Total equity and liabilities | 10/49 | €420,993 | €825,514 | +€404,520 | +96.1% |
| Equity | 10/15 | €383,719 | €716,975 | +€333,256 | +86.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €364,338 | €697,595 | +€333,256 | +91.5% |
| Distributable reserves | 133 | €364,338 | €697,595 | +€333,256 | +91.5% |
| Profit (loss) carried forward | 14 | €831 | €831 | = | 0.0% |
| Amounts payable | 17/49 | €37,274 | €108,538 | +€71,264 | +191.2% |
| Amounts payable within one year | 42/48 | €37,274 | €108,538 | +€71,264 | +191.2% |
| Trade debts | 44 | €7,614 | €2,678 | -€4,936 | -64.8% |
| Suppliers | 440/4 | €7,614 | €2,678 | -€4,936 | -64.8% |
| Taxes, remuneration and social security | 45 | €29,661 | €105,860 | +€76,200 | +256.9% |
| Taxes | 450/3 | €27,304 | €103,420 | +€76,116 | +278.8% |
| Remuneration and social security | 454/9 | €2,356 | €2,440 | +€84 | +3.6% |
| Remuneration, social security and pensions | 62 | €19,167 | €19,907 | +€740 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,030 | €17,189 | -€1,841 | -9.7% |
| Other operating charges | 640/8 | €1,825 | €1,574 | -€251 | -13.8% |
| Gross operating margin | 9900 | €261,634 | €523,345 | +€261,711 | +100.0% |
| Operating profit (loss) | 9901 | €221,612 | €484,676 | +€263,063 | +118.7% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100.0% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100.0% |
| Financial charges | 65/66B | €73 | €56 | -€17 | -23.0% |
| Recurring financial charges | 65 | €73 | €56 | -€17 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €221,564 | €484,620 | +€263,055 | +118.7% |
| Income taxes | 67/77 | €66,905 | €151,363 | +€84,458 | +126.2% |
| Profit (loss) for the period | 9904 | €154,659 | €333,256 | +€178,597 | +115.5% |
| Profit (loss) for the period to be appropriated | 9905 | €154,659 | €333,256 | +€178,597 | +115.5% |
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 7 October 2026 via checked.be.