PHINX: 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.
PHINX
Largest movements
- Cash -€32,073
down €32,073 (-37.8%), from €84,755 to €52,682
mainly Investment in fixed assets (net) (-€25,498) and Net result for the year (-€8,772)
- Intangible fixed assets +€24,920
new in 2025: €24,920
- Tangible fixed assets -€3,590
down €3,590 (-89.5%), from €4,009 to €420
- Receivables within one year +€961
up €961 (+309.6%), from €310 to €1,271
of which Trade receivables: +€1,072
- Profit (loss) carried forward -€8,772
down €8,772 (-65.7%), from -€13,358 to -€22,131
- Other debts -€1,788
down €1,788 (-74.2%), from €2,410 to €622
- Gross operating margin -€1,632
down €1,632 (-80.9%), from -€2,017 to -€3,649
- Financial income -€828
down €828 (-100.0%), from €828 to €0
- Depreciation -€433
down €433 (-9.4%), from €4,600 to €4,167
- Taxes -€358
down €358, from €275 to -€83
- Other operating charges +€262
up €262 (+49.6%), from €529 to €791
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 | €92,694 | €82,902 | -€9,792 | -10.6% |
| Fixed assets | 21/28 | €4,009 | €25,340 | +€21,330 | +532.0% |
| Intangible fixed assets | 21 | - | €24,920 | +€24,920 | |
| Tangible fixed assets | 22/27 | €4,009 | €420 | -€3,590 | -89.5% |
| Furniture and vehicles | 24 | €4,009 | €420 | -€3,590 | -89.5% |
| Current assets | 29/58 | €88,684 | €57,562 | -€31,122 | -35.1% |
| Amounts receivable within one year | 40/41 | €310 | €1,271 | +€961 | +309.6% |
| Trade receivables | 40 | €184 | €1,256 | +€1,072 | +583.0% |
| Other amounts receivable | 41 | €126 | €15 | -€111 | -88.0% |
| Cash at bank and in hand | 54/58 | €84,755 | €52,682 | -€32,073 | -37.8% |
| Deferred charges and accrued income | 490/1 | €3,619 | €3,609 | -€10 | -0.3% |
| Total equity and liabilities | 10/49 | €92,694 | €82,902 | -€9,792 | -10.6% |
| Equity | 10/15 | €88,825 | €80,053 | -€8,772 | -9.9% |
| Contributions | 10/11 | €76,847 | €76,847 | = | 0.0% |
| Capital | 10 | €76,847 | €76,847 | = | 0.0% |
| Issued capital | 100 | €76,847 | €76,847 | = | 0.0% |
| Reserves | 13 | €25,337 | €25,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,685 | €7,685 | = | 0.0% |
| Legal reserve | 130 | €7,685 | €7,685 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,652 | €17,652 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,358 | -€22,131 | -€8,772 | -65.7% |
| Amounts payable | 17/49 | €3,868 | €2,849 | -€1,019 | -26.3% |
| Amounts payable within one year | 42/48 | €3,868 | €2,806 | -€1,062 | -27.5% |
| Trade debts | 44 | €710 | €1,136 | +€426 | +60.0% |
| Suppliers | 440/4 | €710 | €1,136 | +€426 | +60.0% |
| Taxes, remuneration and social security | 45 | €748 | €1,048 | +€300 | +40.1% |
| Taxes | 450/3 | €748 | €1,048 | +€300 | +40.1% |
| Other amounts payable | 47/48 | €2,410 | €622 | -€1,788 | -74.2% |
| Accrued charges and deferred income | 492/3 | €0 | €43 | +€43 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,600 | €4,167 | -€433 | -9.4% |
| Other operating charges | 640/8 | €529 | €791 | +€262 | +49.6% |
| Gross operating margin | 9900 | -€2,017 | -€3,649 | -€1,632 | -80.9% |
| Operating profit (loss) | 9901 | -€7,146 | -€8,607 | -€1,461 | -20.4% |
| Financial income | 75/76B | €828 | €0 | -€828 | -100.0% |
| Recurring financial income | 75 | €828 | €0 | -€828 | -100.0% |
| Financial charges | 65/66B | €139 | €249 | +€110 | +79.3% |
| Recurring financial charges | 65 | €139 | €249 | +€110 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,457 | -€8,856 | -€2,399 | -37.2% |
| Income taxes | 67/77 | €275 | -€83 | -€358 | |
| Profit (loss) for the period | 9904 | -€6,731 | -€8,772 | -€2,041 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,731 | -€8,772 | -€2,041 | -30.3% |
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 4 October 2026 via checked.be.