PHINILAN: 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.
PHINILAN
Largest movements
- Current investments -€99,416
down €99,416 (-44.6%), from €222,980 to €123,563
- Cash +€17,028
up €17,028 (+135%), from €12,645 to €29,672
mainly Current investments (+€99,416) and Net result for the year (+€85,482)
- Receivables after one year -€15,000
down €15,000 (-100%), from €15,000 to €0
- Deferred charges and accrued income -€12,174
down €12,174 (-65.2%), from €18,675 to €6,501
- Receivables within one year +€10,122
up €10,122 (+84.3%), from €12,006 to €22,128
of which Trade receivables: +€17,045
- Other debts -€84,962
down €84,962 (-43.6%), from €195,000 to €110,038
- Tax, wage and social debts -€17,066
down €17,066 (-49.8%), from €34,243 to €17,177
- Gross operating margin +€10,588
up €10,588 (+11.8%), from €90,008 to €100,596
- Financial charges +€1,648
up €1,648 (+405%), from €407 to €2,054
- Taxes +€1,387
up €1,387 (+7.2%), from €19,267 to €20,654
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 | €281,864 | €184,519 | -€97,345 | -34.5% |
| Fixed assets | 21/28 | €558 | €2,654 | +€2,096 | +376% |
| Tangible fixed assets | 22/27 | €558 | €2,654 | +€2,096 | +376% |
| Furniture and vehicles | 24 | €558 | €2,654 | +€2,096 | +376% |
| Current assets | 29/58 | €281,306 | €181,865 | -€99,440 | -35.3% |
| Amounts receivable after more than one year | 29 | €15,000 | €0 | -€15,000 | -100% |
| Other amounts receivable | 291 | €15,000 | €0 | -€15,000 | -100% |
| Amounts receivable within one year | 40/41 | €12,006 | €22,128 | +€10,122 | +84.3% |
| Trade receivables | 40 | €0 | €17,045 | +€17,045 | |
| Other amounts receivable | 41 | €12,006 | €5,084 | -€6,923 | -57.7% |
| Current investments | 50/53 | €222,980 | €123,563 | -€99,416 | -44.6% |
| Cash at bank and in hand | 54/58 | €12,645 | €29,672 | +€17,028 | +135% |
| Deferred charges and accrued income | 490/1 | €18,675 | €6,501 | -€12,174 | -65.2% |
| Total equity and liabilities | 10/49 | €281,864 | €184,519 | -€97,345 | -34.5% |
| Equity | 10/15 | €52,262 | €52,744 | +€482 | +0.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,000 | €47,000 | = | 0.0% |
| Distributable reserves | 133 | €47,000 | €47,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €262 | €744 | +€482 | +184% |
| Amounts payable | 17/49 | €229,602 | €131,775 | -€97,827 | -42.6% |
| Amounts payable within one year | 42/48 | €229,602 | €129,796 | -€99,805 | -43.5% |
| Trade debts | 44 | €358 | €2,581 | +€2,223 | +620% |
| Suppliers | 440/4 | €358 | €2,581 | +€2,223 | +620% |
| Taxes, remuneration and social security | 45 | €34,243 | €17,177 | -€17,066 | -49.8% |
| Taxes | 450/3 | €34,243 | €17,177 | -€17,066 | -49.8% |
| Other amounts payable | 47/48 | €195,000 | €110,038 | -€84,962 | -43.6% |
| Accrued charges and deferred income | 492/3 | - | €1,979 | +€1,979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344 | €421 | +€78 | +22.6% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €90,008 | €100,596 | +€10,588 | +11.8% |
| Operating profit (loss) | 9901 | €89,151 | €99,647 | +€10,496 | +11.8% |
| Financial income | 75/76B | €8,259 | €8,544 | +€284 | +3.4% |
| Recurring financial income | 75 | €8,259 | €8,544 | +€284 | +3.4% |
| Financial charges | 65/66B | €407 | €2,054 | +€1,648 | +405% |
| Recurring financial charges | 65 | €407 | €2,054 | +€1,648 | +405% |
| Profit (loss) for the period before taxes | 9903 | €97,003 | €106,136 | +€9,133 | +9.4% |
| Income taxes | 67/77 | €19,267 | €20,654 | +€1,387 | +7.2% |
| Profit (loss) for the period | 9904 | €77,736 | €85,482 | +€7,746 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,736 | €85,482 | +€7,746 | +10.0% |
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 15 October 2026 via checked.be.