PHIMARLIN: 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.
PHIMARLIN
Largest movements
- Tangible fixed assets +€29,228
up €29,228 (+9.3%), from €315,930 to €345,158
- Cash +€10,102
up €10,102 (+1205.5%), from €838 to €10,940
mainly Net result for the year (+€37,862) and Depreciation (+€4,471)
- Profit (loss) carried forward +€37,862
up €37,862 (+10.3%), from -€368,839 to -€330,977
- Turnover +€69,033
new in 2025: €69,033
- Gross operating margin +€66,005
up €66,005, from -€8,102 to €57,903
- Other operating charges +€12,054
up €12,054 (+351.6%), from €3,428 to €15,482
- Purchases and services +€3,028
up €3,028 (+37.4%), from €8,102 to €11,130
- Depreciation +€798
up €798 (+21.7%), from €3,673 to €4,471
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 | €318,186 | €357,554 | +€39,368 | +12.4% |
| Fixed assets | 21/28 | €315,930 | €345,158 | +€29,228 | +9.3% |
| Tangible fixed assets | 22/27 | €315,930 | €345,158 | +€29,228 | +9.3% |
| Land and buildings | 22 | €315,930 | €345,158 | +€29,228 | +9.3% |
| Current assets | 29/58 | €2,256 | €12,396 | +€10,140 | +449.5% |
| Cash at bank and in hand | 54/58 | €838 | €10,940 | +€10,102 | +1205.5% |
| Deferred charges and accrued income | 490/1 | €1,418 | €1,456 | +€38 | +2.7% |
| Total equity and liabilities | 10/49 | €318,186 | €357,554 | +€39,368 | +12.4% |
| Equity | 10/15 | €121,161 | €159,023 | +€37,862 | +31.2% |
| Contributions | 10/11 | €490,000 | €490,000 | = | 0.0% |
| Outside capital | 11 | €490,000 | €490,000 | = | 0.0% |
| Other | 1109/19 | €490,000 | €490,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€368,839 | -€330,977 | +€37,862 | +10.3% |
| Amounts payable | 17/49 | €197,025 | €198,531 | +€1,506 | +0.8% |
| Amounts payable within one year | 42/48 | €197,025 | €198,531 | +€1,506 | +0.8% |
| Trade debts | 44 | €10 | €1,516 | +€1,506 | +15060.0% |
| Suppliers | 440/4 | €10 | €1,516 | +€1,506 | +15060.0% |
| Other amounts payable | 47/48 | €197,015 | €197,015 | = | 0.0% |
| Turnover | 70 | - | €69,033 | +€69,033 | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,102 | €11,130 | +€3,028 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,673 | €4,471 | +€798 | +21.7% |
| Other operating charges | 640/8 | €3,428 | €15,482 | +€12,054 | +351.6% |
| Gross operating margin | 9900 | -€8,102 | €57,903 | +€66,005 | |
| Operating profit (loss) | 9901 | -€15,203 | €37,950 | +€53,153 | |
| Financial charges | 65/66B | €172 | €88 | -€84 | -48.8% |
| Recurring financial charges | 65 | €172 | €88 | -€84 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,375 | €37,862 | +€53,237 | |
| Profit (loss) for the period | 9904 | -€15,375 | €37,862 | +€53,237 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,375 | €37,862 | +€53,237 |
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 29 September 2026 via checked.be.