Phinest: 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.
What changed
Phinest
NACE 73.300, Public relations and communication consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€516,048
2024 · €224,174+€291,874
Equity
€2.1m
2024 · €1.6m+€516,048
Cash
€1.1m
2024 · €733,336+€384,195
Balance sheet total
€4.0m
2024 · €3.3m+€660,286
Largest movements
Assets
- Cash +€384,195
up €384,195 (+52.4%), from €733,336 to €1.1m
mainly Net result for the year (+€516,048) and Trade debts (+€136,970)
- Receivables within one year +€272,653
up €272,653 (+10.6%), from €2.6m to €2.9m
of which Trade receivables: +€257,695
Equity and liabilities
- Profit (loss) carried forward +€516,048
up €516,048 (+35.7%), from €1.4m to €2.0m
- Trade debts +€136,970
up €136,970 (+12.7%), from €1.1m to €1.2m
Income statement
- Gross operating margin +€1.0m
up €1.0m (+26.2%), from €4.0m to €5.0m
- Staff costs +€658,363
up €658,363 (+18.5%), from €3.6m to €4.2m
- Taxes +€97,794
up €97,794 (+66.7%), from €146,524 to €244,319
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
€224,174
Gross operating margin
+€1.0m
Staff costs
-€658,363
Depreciation
+€10,682
Provisions
+€37,000
Other operating charges
-€1,033
Other operating items
-€26,327
Financial income
-€10,830
Financial charges
-€5,655
Taxes
-€97,794
Result 2025
€516,048
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.
From operations
+€392,925
Investment
-€8,729
Financing
€0
Cash 2024
€733,336
From operations (derived)
+€392,925
Net result for the year
+€516,048
Depreciation
+€7,902
Receivables within one year
-€272,653
Deferred charges and accrued income
-€2,610
Provisions
-€12,000
Trade debts
+€136,970
Tax, wage and social debts
+€11,317
Other debts
+€7,700
Accrued charges and deferred income
+€251
Investment (derived)
-€8,729
Investment in fixed assets (net)
-€8,729
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,336,472 | €3,996,758 | +€660,286 | +19.8% |
| Fixed assets | 21/28 | €13,296 | €14,124 | +€828 | +6.2% |
| Intangible fixed assets | 21 | €4,575 | €1,612 | -€2,963 | -64.8% |
| Tangible fixed assets | 22/27 | €8,572 | €3,633 | -€4,939 | -57.6% |
| Furniture and vehicles | 24 | €6,857 | €2,257 | -€4,601 | -67.1% |
| Other tangible fixed assets | 26 | €1,714 | €1,377 | -€338 | -19.7% |
| Financial fixed assets | 28 | €149 | €8,878 | +€8,729 | +5858.6% |
| Current assets | 29/58 | €3,323,176 | €3,982,634 | +€659,458 | +19.8% |
| Amounts receivable within one year | 40/41 | €2,579,862 | €2,852,515 | +€272,653 | +10.6% |
| Trade receivables | 40 | €1,307,140 | €1,564,835 | +€257,695 | +19.7% |
| Other amounts receivable | 41 | €1,272,722 | €1,287,680 | +€14,959 | +1.2% |
| Cash at bank and in hand | 54/58 | €733,336 | €1,117,531 | +€384,195 | +52.4% |
| Deferred charges and accrued income | 490/1 | €9,979 | €12,589 | +€2,610 | +26.2% |
| Total equity and liabilities | 10/49 | €3,336,472 | €3,996,758 | +€660,286 | +19.8% |
| Equity | 10/15 | €1,632,746 | €2,148,794 | +€516,048 | +31.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €158,000 | €158,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €155,000 | €155,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,444,746 | €1,960,794 | +€516,048 | +35.7% |
| Provisions and deferred taxes | 16 | €25,000 | €13,000 | -€12,000 | -48.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €13,000 | -€12,000 | -48.0% |
| Environmental obligations | 163 | €25,000 | €13,000 | -€12,000 | -48.0% |
| Amounts payable | 17/49 | €1,678,726 | €1,834,964 | +€156,238 | +9.3% |
| Amounts payable within one year | 42/48 | €1,659,972 | €1,815,959 | +€155,987 | +9.4% |
| Trade debts | 44 | €1,078,146 | €1,215,116 | +€136,970 | +12.7% |
| Suppliers | 440/4 | €1,078,146 | €1,215,116 | +€136,970 | +12.7% |
| Taxes, remuneration and social security | 45 | €581,826 | €593,143 | +€11,317 | +1.9% |
| Taxes | 450/3 | €184,829 | €131,533 | -€53,296 | -28.8% |
| Remuneration and social security | 454/9 | €396,997 | €461,610 | +€64,613 | +16.3% |
| Other amounts payable | 47/48 | - | €7,700 | +€7,700 | |
| Accrued charges and deferred income | 492/3 | €18,754 | €19,005 | +€251 | +1.3% |
| Remuneration, social security and pensions | 62 | €3,559,150 | €4,217,513 | +€658,363 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,584 | €7,902 | -€10,682 | -57.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,000 | -€12,000 | -€37,000 | |
| Other operating charges | 640/8 | - | €1,033 | +€1,033 | |
| Non-recurring operating charges | 66A | - | €26,327 | +€26,327 | |
| Gross operating margin | 9900 | €3,984,155 | €5,028,350 | +€1.0m | +26.2% |
| Operating profit (loss) | 9901 | €381,421 | €787,574 | +€406,153 | +106.5% |
| Financial income | 75/76B | €38,318 | €27,488 | -€10,830 | -28.3% |
| Recurring financial income | 75 | €38,318 | €27,488 | -€10,830 | -28.3% |
| Financial charges | 65/66B | €49,040 | €54,695 | +€5,655 | +11.5% |
| Recurring financial charges | 65 | €49,040 | €54,695 | +€5,655 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €370,699 | €760,367 | +€389,668 | +105.1% |
| Income taxes | 67/77 | €146,524 | €244,319 | +€97,794 | +66.7% |
| Profit (loss) for the period | 9904 | €224,174 | €516,048 | +€291,874 | +130.2% |
| Profit (loss) for the period to be appropriated | 9905 | €224,174 | €516,048 | +€291,874 | +130.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.