Phin-Holding: 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.
Phin-Holding
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€280,009
up €280,009 (+24.9%), from €1.1m to €1.4m
- Debts after one year -€264,922
down €264,922 (-17.1%), from €1.5m to €1.3m
- Financial charges +€54,737
up €54,737 (+110%), from €49,568 to €104,305
- Gross operating margin +€50,618
up €50,618 (+137%), from €36,938 to €87,555
- Financial income +€1,938
new in 2025: €1,938
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 | €4,059,933 | €4,076,353 | +€16,421 | +0.4% |
| Fixed assets | 21/28 | €3,961,010 | €3,961,010 | = | 0.0% |
| Financial fixed assets | 28 | €3,961,010 | €3,961,010 | = | 0.0% |
| Current assets | 29/58 | €98,923 | €115,343 | +€16,421 | +16.6% |
| Amounts receivable within one year | 40/41 | €64,875 | €92,564 | +€27,689 | +42.7% |
| Trade receivables | 40 | €272 | €26,015 | +€25,743 | +9,459% |
| Other amounts receivable | 41 | €64,603 | €66,549 | +€1,946 | +3.0% |
| Cash at bank and in hand | 54/58 | €34,048 | €22,779 | -€11,269 | -33.1% |
| Total equity and liabilities | 10/49 | €4,059,933 | €4,076,353 | +€16,421 | +0.4% |
| Equity | 10/15 | €1,133,298 | €1,117,942 | -€15,356 | -1.4% |
| Contributions | 10/11 | €1,146,700 | €1,146,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,402 | -€28,758 | -€15,356 | -115% |
| Amounts payable | 17/49 | €2,926,635 | €2,958,412 | +€31,776 | +1.1% |
| Amounts payable after more than one year | 17 | €1,548,809 | €1,283,887 | -€264,922 | -17.1% |
| Financial debts | 170/4 | €1,548,809 | €1,283,887 | -€264,922 | -17.1% |
| Amounts payable within one year | 42/48 | €1,377,826 | €1,674,525 | +€296,699 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €240,565 | €264,922 | +€24,357 | +10.1% |
| Trade debts | 44 | - | €496 | +€496 | |
| Suppliers | 440/4 | - | €496 | +€496 | |
| Taxes, remuneration and social security | 45 | €12,939 | €4,776 | -€8,164 | -63.1% |
| Taxes | 450/3 | €12,939 | €4,776 | -€8,164 | -63.1% |
| Other amounts payable | 47/48 | €1,124,322 | €1,404,331 | +€280,009 | +24.9% |
| Other operating charges | 640/8 | €772 | €544 | -€228 | -29.5% |
| Gross operating margin | 9900 | €36,938 | €87,555 | +€50,618 | +137% |
| Operating profit (loss) | 9901 | €36,166 | €87,012 | +€50,846 | +141% |
| Financial income | 75/76B | - | €1,938 | +€1,938 | |
| Recurring financial income | 75 | - | €1,938 | +€1,938 | |
| Financial charges | 65/66B | €49,568 | €104,305 | +€54,737 | +110% |
| Recurring financial charges | 65 | €49,568 | €104,305 | +€54,737 | +110% |
| Profit (loss) for the period before taxes | 9903 | -€13,402 | -€15,356 | -€1,953 | -14.6% |
| Profit (loss) for the period | 9904 | -€13,402 | -€15,356 | -€1,953 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,402 | -€15,356 | -€1,953 | -14.6% |
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 17 October 2026 via checked.be.