Phimax Invest: what changed
What changed
Phimax Invest
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€39,252
2024 · €44,204-€4,952
Equity
€200,135
2024 · €160,883+€39,252
Cash
€8,046
2024 · €3,855+€4,191
Balance sheet total
€897,134
2024 · €951,731-€54,597
Largest movements
Assets
- Financial fixed assets -€31,975
no longer reported in 2025 (was €31,975)
- Tangible fixed assets -€29,697
down €29,697 (-3.3%), from €900,089 to €870,392
of which Land and buildings: -€28,013
Equity and liabilities
- Debts after one year -€65,460
down €65,460 (-13.1%), from €499,735 to €434,275
of which Financial debts: -€65,460
- Reserves +€39,252
up €39,252 (+39.9%), from €98,263 to €137,515
of which Distributable reserves: +€39,252
- Trade debts -€26,040
down €26,040 (-34.3%), from €76,011 to €49,971
- Short-term financial debts +€9,866
new in 2025: €9,866
Income statement
- Gross operating margin -€4,384
down €4,384 (-3.8%), from €115,862 to €111,478
- Financial charges +€3,796
up €3,796 (+19.0%), from €19,949 to €23,745
- Taxes -€3,473
down €3,473 (-21.0%), from €16,557 to €13,084
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€44,204
Gross operating margin
-€4,384
Depreciation
-€62
Other operating charges
-€183
Financial charges
-€3,796
Taxes
+€3,473
Result 2025
€39,252
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€29,642
Investment
+€30,764
Financing
-€56,215
Cash 2024
€3,855
From operations (derived)
+€29,642
Net result for the year
+€39,252
Depreciation
+€30,907
Receivables within one year
-€2,705
Deferred charges and accrued income
-€178
Trade debts
-€26,040
Tax, wage and social debts
-€1,106
Other debts
-€9,494
Accrued charges and deferred income
-€994
Investment (derived)
+€30,764
Investment in fixed assets (net)
+€30,764
Financing
-€56,215
Debts after one year
-€65,460
Current portion of long-term debt
-€621
Short-term financial debts
+€9,866
Cash 2025
€8,046
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €951,731 | €897,134 | -€54,597 | -5.7% |
| Fixed assets | 21/28 | €932,064 | €870,392 | -€61,672 | -6.6% |
| Tangible fixed assets | 22/27 | €900,089 | €870,392 | -€29,697 | -3.3% |
| Land and buildings | 22 | €841,557 | €813,544 | -€28,013 | -3.3% |
| Furniture and vehicles | 24 | - | €1,149 | +€1,149 | |
| Other tangible fixed assets | 26 | €58,532 | €55,700 | -€2,832 | -4.8% |
| Financial fixed assets | 28 | €31,975 | - | -€31,975 | |
| Current assets | 29/58 | €19,668 | €26,742 | +€7,074 | +36.0% |
| Amounts receivable within one year | 40/41 | €15,418 | €18,123 | +€2,705 | +17.5% |
| Trade receivables | 40 | €10,104 | €15,207 | +€5,104 | +50.5% |
| Other amounts receivable | 41 | €5,314 | €2,916 | -€2,398 | -45.1% |
| Cash at bank and in hand | 54/58 | €3,855 | €8,046 | +€4,191 | +109% |
| Deferred charges and accrued income | 490/1 | €395 | €573 | +€178 | +45.0% |
| Total equity and liabilities | 10/49 | €951,731 | €897,134 | -€54,597 | -5.7% |
| Equity | 10/15 | €160,883 | €200,135 | +€39,252 | +24.4% |
| Contributions | 10/11 | €62,620 | €62,620 | = | 0.0% |
| Reserves | 13 | €98,263 | €137,515 | +€39,252 | +39.9% |
| Non-distributable reserves | 130/1 | €1,050 | €1,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,050 | €1,050 | = | 0.0% |
| Distributable reserves | 133 | €97,213 | €136,465 | +€39,252 | +40.4% |
| Amounts payable | 17/49 | €790,849 | €696,999 | -€93,850 | -11.9% |
| Amounts payable after more than one year | 17 | €499,735 | €434,275 | -€65,460 | -13.1% |
| Financial debts | 170/4 | €374,735 | €309,275 | -€65,460 | -17.5% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €290,119 | €262,724 | -€27,396 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €95,403 | €94,782 | -€621 | -0.7% |
| Financial debts | 43 | - | €9,866 | +€9,866 | |
| Credit institutions | 430/8 | - | €9,866 | +€9,866 | |
| Trade debts | 44 | €76,011 | €49,971 | -€26,040 | -34.3% |
| Suppliers | 440/4 | €76,011 | €49,971 | -€26,040 | -34.3% |
| Taxes, remuneration and social security | 45 | €23,541 | €22,435 | -€1,106 | -4.7% |
| Taxes | 450/3 | €23,541 | €22,435 | -€1,106 | -4.7% |
| Other amounts payable | 47/48 | €95,165 | €85,671 | -€9,494 | -10.0% |
| Accrued charges and deferred income | 492/3 | €994 | - | -€994 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,845 | €30,907 | +€62 | +0.2% |
| Other operating charges | 640/8 | €4,307 | €4,489 | +€183 | +4.2% |
| Gross operating margin | 9900 | €115,862 | €111,478 | -€4,384 | -3.8% |
| Operating profit (loss) | 9901 | €80,710 | €76,081 | -€4,629 | -5.7% |
| Financial charges | 65/66B | €19,949 | €23,745 | +€3,796 | +19.0% |
| Recurring financial charges | 65 | €19,949 | €23,745 | +€3,796 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €60,761 | €52,336 | -€8,425 | -13.9% |
| Income taxes | 67/77 | €16,557 | €13,084 | -€3,473 | -21.0% |
| Profit (loss) for the period | 9904 | €44,204 | €39,252 | -€4,952 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,204 | €39,252 | -€4,952 | -11.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.