PHINAGRI: 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.
What changed
PHINAGRI
NACE 74.140, Other specialised design activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€43,127
2024 · €6,043-€49,170
Equity
-€11,805
2024 · €31,321-€43,127
Cash
€33,478
2024 · €29,733+€3,745
Balance sheet total
€396,515
2024 · €401,877-€5,362
Largest movements
Assets
- Stocks and contracts -€21,431
down €21,431 (-7.3%), from €292,138 to €270,706
- Receivables within one year +€14,206
new in 2025: €14,206
Equity and liabilities
- Other debts +€50,039
up €50,039 (+15.2%), from €328,723 to €378,762
- Profit (loss) carried forward -€43,127
down €43,127 (-327%), from -€13,177 to -€56,304
- Tax, wage and social debts -€16,009
down €16,009 (-100%), from €16,009 to €0
Income statement
- Gross operating margin -€50,519
down €50,519, from €11,742 to -€38,777
- Financial income +€1,306
up €1,306 (+871%), from €150 to €1,456
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.
Result 2024
€6,043
Gross operating margin
-€50,519
Depreciation
-€29
Other operating charges
+€33
Financial income
+€1,306
Financial charges
+€39
Result 2025
-€43,127
raises the resultlowers the result
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.
From operations
+€4,934
Investment
-€1,281
Financing
+€92
Cash 2024
€29,733
From operations (derived)
+€4,934
Net result for the year
-€43,127
Depreciation
+€4,198
Stocks and contracts
+€21,431
Receivables within one year
-€14,206
Deferred charges and accrued income
-€1,036
Trade debts
+€908
Tax, wage and social debts
-€16,009
Advances received
+€2,720
Other debts
+€50,039
Accrued charges and deferred income
+€15
Investment (derived)
-€1,281
Investment in fixed assets (net)
-€1,281
Financing
+€92
Short-term financial debts
+€92
Cash 2025
€33,478
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €401,877 | €396,515 | -€5,362 | -1.3% |
| Fixed assets | 21/28 | €79,968 | €77,050 | -€2,918 | -3.6% |
| Tangible fixed assets | 22/27 | €79,968 | €77,050 | -€2,918 | -3.6% |
| Land and buildings | 22 | €76,186 | €73,248 | -€2,938 | -3.9% |
| Other tangible fixed assets | 26 | €3,781 | €3,802 | +€20 | +0.5% |
| Current assets | 29/58 | €321,909 | €319,465 | -€2,444 | -0.8% |
| Stocks and contracts in progress | 3 | €292,138 | €270,706 | -€21,431 | -7.3% |
| Stocks | 30/36 | €292,138 | €270,706 | -€21,431 | -7.3% |
| Amounts receivable within one year | 40/41 | - | €14,206 | +€14,206 | |
| Other amounts receivable | 41 | - | €14,206 | +€14,206 | |
| Cash at bank and in hand | 54/58 | €29,733 | €33,478 | +€3,745 | +12.6% |
| Deferred charges and accrued income | 490/1 | €39 | €1,074 | +€1,036 | +2,684% |
| Total equity and liabilities | 10/49 | €401,877 | €396,515 | -€5,362 | -1.3% |
| Equity | 10/15 | €31,321 | -€11,805 | -€43,127 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €32,099 | €32,099 | = | 0.0% |
| Distributable reserves | 133 | €32,099 | €32,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,177 | -€56,304 | -€43,127 | -327% |
| Amounts payable | 17/49 | €370,556 | €408,320 | +€37,764 | +10.2% |
| Amounts payable within one year | 42/48 | €346,638 | €384,387 | +€37,749 | +10.9% |
| Financial debts | 43 | - | €92 | +€92 | |
| Credit institutions | 430/8 | - | €92 | +€92 | |
| Trade debts | 44 | €1,906 | €2,813 | +€908 | +47.6% |
| Suppliers | 440/4 | €1,906 | €2,813 | +€908 | +47.6% |
| Advances received on contracts in progress | 46 | - | €2,720 | +€2,720 | |
| Taxes, remuneration and social security | 45 | €16,009 | €0 | -€16,009 | -100% |
| Taxes | 450/3 | €16,009 | €0 | -€16,009 | -100% |
| Other amounts payable | 47/48 | €328,723 | €378,762 | +€50,039 | +15.2% |
| Accrued charges and deferred income | 492/3 | €23,917 | €23,933 | +€15 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,169 | €4,198 | +€29 | +0.7% |
| Other operating charges | 640/8 | €1,535 | €1,502 | -€33 | -2.2% |
| Gross operating margin | 9900 | €11,742 | -€38,777 | -€50,519 | |
| Operating profit (loss) | 9901 | €6,038 | -€44,477 | -€50,515 | |
| Financial income | 75/76B | €150 | €1,456 | +€1,306 | +871% |
| Recurring financial income | 75 | €150 | €1,456 | +€1,306 | +871% |
| Financial charges | 65/66B | €144 | €105 | -€39 | -27.0% |
| Recurring financial charges | 65 | €144 | €105 | -€39 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €6,043 | -€43,127 | -€49,170 | |
| Profit (loss) for the period | 9904 | €6,043 | -€43,127 | -€49,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,043 | -€43,127 | -€49,170 |
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 20 October 2026 via checked.be.