PHIMELEC: 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.
PHIMELEC
Largest movements
- Cash +€16,029
up €16,029 (+48.2%), from €33,252 to €49,281
mainly Depreciation (+€12,996) and Other debts (+€8,265)
- Tangible fixed assets -€11,776
down €11,776 (-13.4%), from €87,619 to €75,843
of which Land and buildings: -€8,766
- Receivables within one year -€4,195
down €4,195 (-10.9%), from €38,322 to €34,127
- Debts after one year -€13,214
down €13,214 (-25.2%), from €52,459 to €39,245
- Other debts +€8,265
up €8,265 (+2454.6%), from €337 to €8,601
- Tax, wage and social debts +€6,698
up €6,698 (+56.1%), from €11,942 to €18,640
of which Remuneration and social security: +€3,697
- Reserves -€2,345
down €2,345 (-15.9%), from €14,793 to €12,448
of which Distributable reserves: -€2,345
- Profit (loss) carried forward +€1,720
no longer reported in 2025 (was -€1,720)
- Gross operating margin +€6,778
up €6,778 (+22.7%), from €29,836 to €36,613
- Taxes +€2,561
up €2,561 (+96.7%), from €2,648 to €5,210
- Other operating charges +€1,687
up €1,687 (+55.1%), from €3,060 to €4,747
- Depreciation -€755
down €755 (-5.5%), from €13,750 to €12,996
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 | €161,854 | €162,007 | +€152 | +0.1% |
| Fixed assets | 21/28 | €87,657 | €75,881 | -€11,776 | -13.4% |
| Tangible fixed assets | 22/27 | €87,619 | €75,843 | -€11,776 | -13.4% |
| Land and buildings | 22 | €75,819 | €67,053 | -€8,766 | -11.6% |
| Plant, machinery and equipment | 23 | €1,088 | €638 | -€450 | -41.4% |
| Furniture and vehicles | 24 | €5,217 | €4,930 | -€287 | -5.5% |
| Other tangible fixed assets | 26 | €5,496 | €3,223 | -€2,273 | -41.4% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €74,198 | €86,126 | +€11,928 | +16.1% |
| Amounts receivable within one year | 40/41 | €38,322 | €34,127 | -€4,195 | -10.9% |
| Trade receivables | 40 | €38,322 | €34,127 | -€4,195 | -10.9% |
| Cash at bank and in hand | 54/58 | €33,252 | €49,281 | +€16,029 | +48.2% |
| Deferred charges and accrued income | 490/1 | €2,624 | €2,718 | +€94 | +3.6% |
| Total equity and liabilities | 10/49 | €161,854 | €162,007 | +€152 | +0.1% |
| Equity | 10/15 | €75,073 | €74,448 | -€625 | -0.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €14,793 | €12,448 | -€2,345 | -15.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €8,593 | €6,248 | -€2,345 | -27.3% |
| Profit (loss) carried forward | 14 | -€1,720 | - | +€1,720 | |
| Amounts payable | 17/49 | €86,781 | €87,559 | +€778 | +0.9% |
| Amounts payable after more than one year | 17 | €52,459 | €39,245 | -€13,214 | -25.2% |
| Financial debts | 170/4 | €52,459 | €39,245 | -€13,214 | -25.2% |
| Amounts payable within one year | 42/48 | €34,322 | €48,314 | +€13,992 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €12,895 | €13,214 | +€319 | +2.5% |
| Trade debts | 44 | €9,149 | €7,859 | -€1,290 | -14.1% |
| Suppliers | 440/4 | €9,149 | €7,859 | -€1,290 | -14.1% |
| Taxes, remuneration and social security | 45 | €11,942 | €18,640 | +€6,698 | +56.1% |
| Taxes | 450/3 | €11,942 | €14,943 | +€3,001 | +25.1% |
| Remuneration and social security | 454/9 | - | €3,697 | +€3,697 | |
| Other amounts payable | 47/48 | €337 | €8,601 | +€8,265 | +2454.6% |
| Remuneration, social security and pensions | 62 | €1,920 | €2,086 | +€166 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,750 | €12,996 | -€755 | -5.5% |
| Other operating charges | 640/8 | €3,060 | €4,747 | +€1,687 | +55.1% |
| Gross operating margin | 9900 | €29,836 | €36,613 | +€6,778 | +22.7% |
| Operating profit (loss) | 9901 | €11,105 | €16,785 | +€5,679 | +51.1% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €3,917 | €3,623 | -€293 | -7.5% |
| Recurring financial charges | 65 | €3,917 | €3,623 | -€293 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €7,189 | €13,177 | +€5,989 | +83.3% |
| Income taxes | 67/77 | €2,648 | €5,210 | +€2,561 | +96.7% |
| Profit (loss) for the period | 9904 | €4,540 | €7,968 | +€3,428 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,540 | €7,968 | +€3,428 | +75.5% |
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 4 October 2026 via checked.be.