PHINAPOM: 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.
PHINAPOM
Largest movements
- Cash +€142,451
up €142,451 (+58.6%), from €243,248 to €385,699
mainly Other debts (+€86,088) and Net result for the year (+€84,407)
- Receivables within one year +€21,916
up €21,916 (+39.5%), from €55,466 to €77,382
of which Trade receivables: +€25,654
- Profit (loss) carried forward -€86,510
down €86,510 (-11.4%), from €758,164 to €671,654
- Other debts +€86,088
up €86,088 (+151%), from €56,931 to €143,019
- Reserves +€82,000
up €82,000 (+41.5%), from €197,785 to €279,785
of which Distributable reserves: +€81,999
- Tax, wage and social debts +€58,903
up €58,903 (+2,805%), from €2,100 to €61,003
- Gross operating margin +€139,888
up €139,888 (+2,051%), from €6,820 to €146,708
- Purchases and services -€125,644
down €125,644 (-28.1%), from €447,173 to €321,529
- Taxes +€44,216
new in 2025: €44,216
- Financial charges +€6,632
up €6,632 (+1,521%), from €436 to €7,068
- Financial income +€4,230
up €4,230 (+7,050%), from €60 to €4,290
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 | €1,057,606 | €1,206,920 | +€149,314 | +14.1% |
| Fixed assets | 21/28 | €52,469 | €47,852 | -€4,617 | -8.8% |
| Tangible fixed assets | 22/27 | €52,469 | €47,852 | -€4,617 | -8.8% |
| Plant, machinery and equipment | 23 | €13,714 | €20,377 | +€6,663 | +48.6% |
| Furniture and vehicles | 24 | €38,755 | €27,475 | -€11,280 | -29.1% |
| Current assets | 29/58 | €1,005,137 | €1,159,068 | +€153,931 | +15.3% |
| Stocks and contracts in progress | 3 | €13,412 | €2,976 | -€10,436 | -77.8% |
| Stocks | 30/36 | €13,412 | €2,976 | -€10,436 | -77.8% |
| Amounts receivable within one year | 40/41 | €55,466 | €77,382 | +€21,916 | +39.5% |
| Trade receivables | 40 | €41,782 | €67,436 | +€25,654 | +61.4% |
| Other amounts receivable | 41 | €13,684 | €9,946 | -€3,738 | -27.3% |
| Current investments | 50/53 | €693,011 | €693,011 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €243,248 | €385,699 | +€142,451 | +58.6% |
| Total equity and liabilities | 10/49 | €1,057,606 | €1,206,920 | +€149,314 | +14.1% |
| Equity | 10/15 | €974,669 | €970,159 | -€4,510 | -0.5% |
| Contributions | 10/11 | €18,720 | €18,720 | = | 0.0% |
| Reserves | 13 | €197,785 | €279,785 | +€82,000 | +41.5% |
| Non-distributable reserves | 130/1 | €1,872 | €1,872 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,872 | €1,872 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,751 | +€1 | 0.0% |
| Distributable reserves | 133 | €177,163 | €259,162 | +€81,999 | +46.3% |
| Profit (loss) carried forward | 14 | €758,164 | €671,654 | -€86,510 | -11.4% |
| Amounts payable | 17/49 | €82,937 | €236,761 | +€153,824 | +185% |
| Amounts payable within one year | 42/48 | €82,937 | €236,761 | +€153,824 | +185% |
| Trade debts | 44 | €23,906 | €32,739 | +€8,833 | +36.9% |
| Suppliers | 440/4 | €23,906 | €32,739 | +€8,833 | +36.9% |
| Taxes, remuneration and social security | 45 | €2,100 | €61,003 | +€58,903 | +2,805% |
| Taxes | 450/3 | €2,100 | €61,003 | +€58,903 | +2,805% |
| Other amounts payable | 47/48 | €56,931 | €143,019 | +€86,088 | +151% |
| Goods, raw materials, services and sundry goods | 60/61 | €447,173 | €321,529 | -€125,644 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,921 | €14,308 | -€1,613 | -10.1% |
| Other operating charges | 640/8 | €1,560 | €999 | -€561 | -36.0% |
| Gross operating margin | 9900 | €6,820 | €146,708 | +€139,888 | +2,051% |
| Operating profit (loss) | 9901 | -€10,661 | €131,401 | +€142,062 | |
| Financial income | 75/76B | €60 | €4,290 | +€4,230 | +7,050% |
| Recurring financial income | 75 | €60 | €4,290 | +€4,230 | +7,050% |
| Financial charges | 65/66B | €436 | €7,068 | +€6,632 | +1,521% |
| Recurring financial charges | 65 | €436 | €7,068 | +€6,632 | +1,521% |
| Profit (loss) for the period before taxes | 9903 | -€11,037 | €128,623 | +€139,660 | |
| Income taxes | 67/77 | - | €44,216 | +€44,216 | |
| Profit (loss) for the period | 9904 | -€11,037 | €84,407 | +€95,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,037 | €84,407 | +€95,444 |
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 14 October 2026 via checked.be.