PHINCO: 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.
PHINCO
Largest movements
- Cash +€50,193
up €50,193 (+43.7%), from €114,873 to €165,066
mainly Net result for the year (+€145,088) and Depreciation (+€1,291)
- Profit (loss) carried forward +€145,088
up €145,088 (+13.2%), from €1.1m to €1.2m
- Other debts -€81,242
down €81,242 (-16.2%), from €500,284 to €419,042
- Gross operating margin +€5,983
up €5,983 (+3.1%), from €190,539 to €196,522
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 | €2,988,689 | €3,051,227 | +€62,538 | +2.1% |
| Fixed assets | 21/28 | €2,870,117 | €2,870,063 | -€54 | 0.0% |
| Tangible fixed assets | 22/27 | €3,856 | €3,802 | -€54 | -1.4% |
| Furniture and vehicles | 24 | €3,856 | €3,802 | -€54 | -1.4% |
| Financial fixed assets | 28 | €2,866,261 | €2,866,261 | = | 0.0% |
| Current assets | 29/58 | €118,572 | €181,164 | +€62,592 | +52.8% |
| Amounts receivable within one year | 40/41 | - | €1,001 | +€1,001 | |
| Other amounts receivable | 41 | - | €1,001 | +€1,001 | |
| Cash at bank and in hand | 54/58 | €114,873 | €165,066 | +€50,193 | +43.7% |
| Deferred charges and accrued income | 490/1 | €3,699 | €15,097 | +€11,397 | +308.1% |
| Total equity and liabilities | 10/49 | €2,988,689 | €3,051,227 | +€62,538 | +2.1% |
| Equity | 10/15 | €2,466,252 | €2,611,340 | +€145,088 | +5.9% |
| Contributions | 10/11 | €1,327,915 | €1,327,915 | = | 0.0% |
| Reserves | 13 | €38,523 | €38,523 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,523 | €38,523 | = | 0.0% |
| Reserves not available under the articles | 1311 | €38,523 | €38,523 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,099,813 | €1,244,902 | +€145,088 | +13.2% |
| Amounts payable | 17/49 | €522,437 | €439,887 | -€82,550 | -15.8% |
| Amounts payable within one year | 42/48 | €522,437 | €439,887 | -€82,550 | -15.8% |
| Trade debts | 44 | €139 | €229 | +€90 | +64.9% |
| Suppliers | 440/4 | €139 | €229 | +€90 | +64.9% |
| Taxes, remuneration and social security | 45 | €22,014 | €20,616 | -€1,398 | -6.4% |
| Taxes | 450/3 | €22,014 | €20,616 | -€1,398 | -6.4% |
| Other amounts payable | 47/48 | €500,284 | €419,042 | -€81,242 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €749 | €1,291 | +€542 | +72.4% |
| Other operating charges | 640/8 | €1,128 | €1,144 | +€16 | +1.4% |
| Gross operating margin | 9900 | €190,539 | €196,522 | +€5,983 | +3.1% |
| Operating profit (loss) | 9901 | €188,663 | €194,087 | +€5,425 | +2.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €188,663 | €194,087 | +€5,424 | +2.9% |
| Income taxes | 67/77 | €47,613 | €48,999 | +€1,386 | +2.9% |
| Profit (loss) for the period | 9904 | €141,050 | €145,088 | +€4,038 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €141,050 | €145,088 | +€4,038 | +2.9% |
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 30 September 2026 via checked.be.