PHINAROM: 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.
PHINAROM
Largest movements
- Cash -€1,891
down €1,891 (-22.6%), from €8,378 to €6,487
mainly Trade debts (-€8,427) and Tax, wage and social debts (-€1,878)
- Intangible fixed assets -€1,600
down €1,600 (-27.3%), from €5,867 to €4,267
- Tangible fixed assets -€1,303
down €1,303 (-22.1%), from €5,905 to €4,602
- Deferred charges and accrued income +€851
new in 2024: €851
- Receivables within one year +€358
up €358 (+48.5%), from €738 to €1,095
of which Trade receivables: +€355
- Trade debts -€8,427
down €8,427 (-47.8%), from €17,625 to €9,198
- Profit (loss) carried forward +€6,326
up €6,326 (+17.0%), from -€37,240 to -€30,914
- Tax, wage and social debts -€1,878
down €1,878 (-7.3%), from €25,889 to €24,010
of which Taxes: -€3,020
- Other debts +€692
up €692 (+9.7%), from €7,120 to €7,812
- Staff costs -€22,065
down €22,065 (-20.5%), from €107,813 to €85,748
- Gross operating margin -€11,003
down €11,003 (-9.9%), from €110,974 to €99,971
- Other operating charges -€2,193
down €2,193 (-53.8%), from €4,079 to €1,887
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,948 | €18,660 | -€3,288 | -15.0% |
| Fixed assets | 21/28 | €12,171 | €9,269 | -€2,903 | -23.8% |
| Intangible fixed assets | 21 | €5,867 | €4,267 | -€1,600 | -27.3% |
| Tangible fixed assets | 22/27 | €5,905 | €4,602 | -€1,303 | -22.1% |
| Land and buildings | 22 | €3,746 | €3,152 | -€595 | -15.9% |
| Plant, machinery and equipment | 23 | €892 | €646 | -€246 | -27.6% |
| Furniture and vehicles | 24 | €1,266 | €804 | -€462 | -36.5% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €9,777 | €9,392 | -€385 | -3.9% |
| Stocks and contracts in progress | 3 | €661 | €960 | +€298 | +45.1% |
| Stocks | 30/36 | €661 | €960 | +€298 | +45.1% |
| Amounts receivable within one year | 40/41 | €738 | €1,095 | +€358 | +48.5% |
| Trade receivables | 40 | - | €355 | +€355 | |
| Other amounts receivable | 41 | €738 | €741 | +€3 | +0.4% |
| Cash at bank and in hand | 54/58 | €8,378 | €6,487 | -€1,891 | -22.6% |
| Deferred charges and accrued income | 490/1 | - | €851 | +€851 | |
| Total equity and liabilities | 10/49 | €21,948 | €18,660 | -€3,288 | -15.0% |
| Equity | 10/15 | -€30,740 | -€24,414 | +€6,326 | +20.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,240 | -€30,914 | +€6,326 | +17.0% |
| Amounts payable | 17/49 | €52,689 | €43,075 | -€9,614 | -18.2% |
| Amounts payable within one year | 42/48 | €50,634 | €41,020 | -€9,614 | -19.0% |
| Trade debts | 44 | €17,625 | €9,198 | -€8,427 | -47.8% |
| Suppliers | 440/4 | €17,625 | €9,198 | -€8,427 | -47.8% |
| Taxes, remuneration and social security | 45 | €25,889 | €24,010 | -€1,878 | -7.3% |
| Taxes | 450/3 | €15,284 | €12,264 | -€3,020 | -19.8% |
| Remuneration and social security | 454/9 | €10,604 | €11,746 | +€1,142 | +10.8% |
| Other amounts payable | 47/48 | €7,120 | €7,812 | +€692 | +9.7% |
| Accrued charges and deferred income | 492/3 | €2,055 | €2,055 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €107,813 | €85,748 | -€22,065 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,847 | €2,903 | +€56 | +2.0% |
| Other operating charges | 640/8 | €4,079 | €1,887 | -€2,193 | -53.8% |
| Gross operating margin | 9900 | €110,974 | €99,971 | -€11,003 | -9.9% |
| Operating profit (loss) | 9901 | -€3,765 | €9,434 | +€13,199 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -91.4% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -91.4% |
| Financial charges | 65/66B | €2,607 | €3,108 | +€501 | +19.2% |
| Recurring financial charges | 65 | €2,607 | €3,108 | +€501 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,367 | €6,326 | +€12,693 | |
| Profit (loss) for the period | 9904 | -€6,367 | €6,326 | +€12,693 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,367 | €6,326 | +€12,693 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.