PHINMEDOC: 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.
PHINMEDOC
Largest movements
- Current investments +€234,846
up €234,846 (+469.7%), from €49,998 to €284,844
- Cash -€127,129
no longer reported in 2025 (was €127,129)
mainly Current investments (-€234,846) and Receivables within one year (-€14,359)
- Receivables within one year +€14,359
up €14,359 (+82.1%), from €17,499 to €31,858
of which Other amounts receivable: +€12,828
- Tangible fixed assets -€5,227
down €5,227 (-15.0%), from €34,913 to €29,686
of which Other tangible fixed assets: -€2,643
- Reserves +€90,000
up €90,000 (+90.0%), from €100,000 to €190,000
- Tax, wage and social debts +€20,447
up €20,447 (+48.5%), from €42,128 to €62,574
- Accrued charges and deferred income -€4,756
no longer reported in 2025 (was €4,756)
- Trade debts +€4,323
up €4,323 (+556.8%), from €776 to €5,099
- Profit (loss) carried forward +€4,118
up €4,118 (+5.9%), from €70,336 to €74,454
- Turnover -€86,639
down €86,639 (-30.1%), from €288,315 to €201,676
- Purchases and services -€75,186
down €75,186 (-57.5%), from €130,781 to €55,595
- Gross operating margin -€19,453
down €19,453 (-11.8%), from €165,534 to €146,081
- Other operating charges -€8,529
down €8,529 (-72.7%), from €11,733 to €3,204
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 | €232,256 | €346,388 | +€114,132 | +49.1% |
| Fixed assets | 21/28 | €34,913 | €29,686 | -€5,227 | -15.0% |
| Tangible fixed assets | 22/27 | €34,913 | €29,686 | -€5,227 | -15.0% |
| Furniture and vehicles | 24 | €11,431 | €8,847 | -€2,584 | -22.6% |
| Other tangible fixed assets | 26 | €23,481 | €20,838 | -€2,643 | -11.3% |
| Current assets | 29/58 | €197,343 | €316,702 | +€119,359 | +60.5% |
| Amounts receivable within one year | 40/41 | €17,499 | €31,858 | +€14,359 | +82.1% |
| Trade receivables | 40 | - | €1,531 | +€1,531 | |
| Other amounts receivable | 41 | €17,499 | €30,328 | +€12,828 | +73.3% |
| Current investments | 50/53 | €49,998 | €284,844 | +€234,846 | +469.7% |
| Cash at bank and in hand | 54/58 | €127,129 | - | -€127,129 | |
| Deferred charges and accrued income | 490/1 | €2,717 | - | -€2,717 | |
| Total equity and liabilities | 10/49 | €232,256 | €346,388 | +€114,132 | +49.1% |
| Equity | 10/15 | €184,596 | €278,714 | +€94,118 | +51.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €100,000 | €190,000 | +€90,000 | +90.0% |
| Distributable reserves | 133 | €100,000 | €190,000 | +€90,000 | +90.0% |
| Profit (loss) carried forward | 14 | €70,336 | €74,454 | +€4,118 | +5.9% |
| Amounts payable | 17/49 | €47,660 | €67,674 | +€20,014 | +42.0% |
| Amounts payable within one year | 42/48 | €42,904 | €67,674 | +€24,770 | +57.7% |
| Trade debts | 44 | €776 | €5,099 | +€4,323 | +556.8% |
| Suppliers | 440/4 | €776 | €5,099 | +€4,323 | +556.8% |
| Taxes, remuneration and social security | 45 | €42,128 | €62,574 | +€20,447 | +48.5% |
| Taxes | 450/3 | €42,128 | €62,574 | +€20,447 | +48.5% |
| Accrued charges and deferred income | 492/3 | €4,756 | - | -€4,756 | |
| Turnover | 70 | €288,315 | €201,676 | -€86,639 | -30.1% |
| Non-recurring operating income | 76A | - | €3,204 | +€3,204 | |
| Goods, raw materials, services and sundry goods | 60/61 | €130,781 | €55,595 | -€75,186 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,066 | €5,227 | -€839 | -13.8% |
| Other operating charges | 640/8 | €11,733 | €3,204 | -€8,529 | -72.7% |
| Gross operating margin | 9900 | €165,534 | €146,081 | -€19,453 | -11.8% |
| Operating profit (loss) | 9901 | €147,735 | €137,650 | -€10,085 | -6.8% |
| Financial income | 75/76B | - | €2,303 | +€2,303 | |
| Recurring financial income | 75 | - | €2,303 | +€2,303 | |
| Financial charges | 65/66B | €1,059 | €388 | -€671 | -63.3% |
| Recurring financial charges | 65 | €1,059 | €388 | -€671 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €146,677 | €139,565 | -€7,112 | -4.8% |
| Income taxes | 67/77 | €43,714 | €45,447 | +€1,733 | +4.0% |
| Profit (loss) for the period | 9904 | €102,963 | €94,118 | -€8,844 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €102,963 | €94,118 | -€8,844 | -8.6% |
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 9 October 2026 via checked.be.