Phineas: 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.
Phineas
Largest movements
- Cash -€29,406
down €29,406 (-53.7%), from €54,768 to €25,362
mainly Contributions, distributions and other (-€105,500) and Deferred charges and accrued income (-€27,366)
- Deferred charges and accrued income +€27,366
up €27,366 (+118.7%), from €23,064 to €50,430
- Receivables within one year -€14,299
down €14,299 (-28.7%), from €49,780 to €35,481
of which Other amounts receivable: -€10,066
- Tangible fixed assets -€2,580
down €2,580 (-23.8%), from €10,828 to €8,249
of which Furniture and vehicles: -€3,247
- Tax, wage and social debts -€12,686
down €12,686 (-46.3%), from €27,392 to €14,706
- Reserves -€6,076
down €6,076 (-5.8%), from €105,596 to €99,520
- Gross operating margin +€42,844
up €42,844 (+66.0%), from €64,908 to €107,752
- Financial income +€30,228
up €30,228 (+1461.5%), from €2,068 to €32,297
- Taxes +€14,476
up €14,476 (+94.8%), from €15,267 to €29,743
- Depreciation -€4,966
down €4,966 (-50.4%), from €9,854 to €4,888
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.
Cash bridge derived
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 | €138,440 | €119,521 | -€18,919 | -13.7% |
| Fixed assets | 21/28 | €10,828 | €8,249 | -€2,580 | -23.8% |
| Tangible fixed assets | 22/27 | €10,828 | €8,249 | -€2,580 | -23.8% |
| Plant, machinery and equipment | 23 | - | €668 | +€668 | |
| Furniture and vehicles | 24 | €10,828 | €7,581 | -€3,247 | -30.0% |
| Current assets | 29/58 | €127,612 | €111,273 | -€16,339 | -12.8% |
| Amounts receivable within one year | 40/41 | €49,780 | €35,481 | -€14,299 | -28.7% |
| Trade receivables | 40 | €4,296 | €63 | -€4,233 | -98.5% |
| Other amounts receivable | 41 | €45,485 | €35,419 | -€10,066 | -22.1% |
| Cash at bank and in hand | 54/58 | €54,768 | €25,362 | -€29,406 | -53.7% |
| Deferred charges and accrued income | 490/1 | €23,064 | €50,430 | +€27,366 | +118.7% |
| Total equity and liabilities | 10/49 | €138,440 | €119,521 | -€18,919 | -13.7% |
| Equity | 10/15 | €110,596 | €104,520 | -€6,076 | -5.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €105,596 | €99,520 | -€6,076 | -5.8% |
| Distributable reserves | 133 | €105,596 | €99,520 | -€6,076 | -5.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,844 | €15,001 | -€12,843 | -46.1% |
| Amounts payable within one year | 42/48 | €27,492 | €15,001 | -€12,491 | -45.4% |
| Trade debts | 44 | €100 | €295 | +€195 | +194.6% |
| Suppliers | 440/4 | €100 | €295 | +€195 | +194.6% |
| Taxes, remuneration and social security | 45 | €27,392 | €14,706 | -€12,686 | -46.3% |
| Taxes | 450/3 | €27,392 | €14,706 | -€12,686 | -46.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €352 | €0 | -€352 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,854 | €4,888 | -€4,966 | -50.4% |
| Other operating charges | 640/8 | €291 | €294 | +€4 | +1.2% |
| Non-recurring operating charges | 66A | - | €4,935 | +€4,935 | |
| Gross operating margin | 9900 | €64,908 | €107,752 | +€42,844 | +66.0% |
| Operating profit (loss) | 9901 | €54,764 | €97,635 | +€42,871 | +78.3% |
| Financial income | 75/76B | €2,068 | €32,297 | +€30,228 | +1461.5% |
| Recurring financial income | 75 | €2,068 | €32,297 | +€30,228 | +1461.5% |
| Financial charges | 65/66B | €127 | €765 | +€638 | +503.4% |
| Recurring financial charges | 65 | €127 | €765 | +€638 | +503.4% |
| Profit (loss) for the period before taxes | 9903 | €56,705 | €129,167 | +€72,461 | +127.8% |
| Income taxes | 67/77 | €15,267 | €29,743 | +€14,476 | +94.8% |
| Profit (loss) for the period | 9904 | €41,439 | €99,424 | +€57,985 | +139.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,439 | €99,424 | +€57,985 | +139.9% |
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 10 October 2026 via checked.be.