PHIRENZO: 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.
PHIRENZO
Largest movements
- Tangible fixed assets -€2,728
down €2,728 (-65.6%), from €4,161 to €1,433
of which Furniture and vehicles: -€2,341
- Cash -€1,601
down €1,601 (-11.4%), from €14,056 to €12,455
mainly Net result for the year (-€6,674) and Deferred charges and accrued income (-€1,065)
- Receivables within one year -€1,385
down €1,385 (-70.1%), from €1,976 to €591
of which Other amounts receivable: -€1,400
- Deferred charges and accrued income +€1,065
up €1,065 (+3691.8%), from €29 to €1,094
- Stocks and contracts +€231
up €231 (+85.8%), from €269 to €500
- Profit (loss) carried forward -€6,674
down €6,674 (-80.4%), from €8,298 to €1,624
- Trade debts +€2,451
up €2,451 (+193.6%), from €1,266 to €3,717
- Debts after one year -€1,006
down €1,006 (-33.8%), from €2,975 to €1,969
- Tax, wage and social debts +€782
up €782 (+35.2%), from €2,220 to €3,003
of which Remuneration and social security: +€524
- Staff costs +€7,092
new in 2025: €7,092
- Gross operating margin +€3,653
up €3,653 (+1030.2%), from €355 to €4,007
- Other operating charges +€1,883
up €1,883 (+418.9%), from €450 to €2,333
- Depreciation -€778
down €778 (-52.2%), from €1,491 to €713
- Financial charges +€82
up €82 (+14.2%), from €576 to €658
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 | €22,999 | €18,599 | -€4,400 | -19.1% |
| Fixed assets | 21/28 | €6,669 | €3,958 | -€2,711 | -40.7% |
| Tangible fixed assets | 22/27 | €4,161 | €1,433 | -€2,728 | -65.6% |
| Plant, machinery and equipment | 23 | €1,462 | - | -€1,462 | |
| Furniture and vehicles | 24 | €2,700 | €359 | -€2,341 | -86.7% |
| Other tangible fixed assets | 26 | - | €1,074 | +€1,074 | |
| Financial fixed assets | 28 | €2,507 | €2,525 | +€18 | +0.7% |
| Current assets | 29/58 | €16,330 | €14,641 | -€1,689 | -10.3% |
| Stocks and contracts in progress | 3 | €269 | €500 | +€231 | +85.8% |
| Stocks | 30/36 | €269 | €500 | +€231 | +85.8% |
| Amounts receivable within one year | 40/41 | €1,976 | €591 | -€1,385 | -70.1% |
| Trade receivables | 40 | €6 | €21 | +€15 | +257.3% |
| Other amounts receivable | 41 | €1,970 | €571 | -€1,400 | -71.0% |
| Cash at bank and in hand | 54/58 | €14,056 | €12,455 | -€1,601 | -11.4% |
| Deferred charges and accrued income | 490/1 | €29 | €1,094 | +€1,065 | +3691.8% |
| Total equity and liabilities | 10/49 | €22,999 | €18,599 | -€4,400 | -19.1% |
| Equity | 10/15 | €15,578 | €8,904 | -€6,674 | -42.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,080 | €1,080 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,080 | €1,080 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,080 | €1,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,298 | €1,624 | -€6,674 | -80.4% |
| Amounts payable | 17/49 | €7,421 | €9,695 | +€2,274 | +30.6% |
| Amounts payable after more than one year | 17 | €2,975 | €1,969 | -€1,006 | -33.8% |
| Financial debts | 170/4 | €2,975 | €1,969 | -€1,006 | -33.8% |
| Amounts payable within one year | 42/48 | €4,446 | €7,725 | +€3,279 | +73.8% |
| Current portion of amounts payable after more than one year | 42 | €960 | €1,006 | +€46 | +4.7% |
| Trade debts | 44 | €1,266 | €3,717 | +€2,451 | +193.6% |
| Suppliers | 440/4 | €1,266 | €3,717 | +€2,451 | +193.6% |
| Taxes, remuneration and social security | 45 | €2,220 | €3,003 | +€782 | +35.2% |
| Taxes | 450/3 | €2,220 | €2,479 | +€259 | +11.7% |
| Remuneration and social security | 454/9 | - | €524 | +€524 | |
| Remuneration, social security and pensions | 62 | - | €7,092 | +€7,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,491 | €713 | -€778 | -52.2% |
| Other operating charges | 640/8 | €450 | €2,333 | +€1,883 | +418.9% |
| Gross operating margin | 9900 | €355 | €4,007 | +€3,653 | +1030.2% |
| Operating profit (loss) | 9901 | -€1,586 | -€6,130 | -€4,544 | -286.6% |
| Financial income | 75/76B | €87 | €114 | +€27 | +31.2% |
| Recurring financial income | 75 | €87 | €114 | +€27 | +31.2% |
| Financial charges | 65/66B | €576 | €658 | +€82 | +14.2% |
| Recurring financial charges | 65 | €576 | €658 | +€82 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,075 | -€6,674 | -€4,599 | -221.6% |
| Profit (loss) for the period | 9904 | -€2,075 | -€6,674 | -€4,599 | -221.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,075 | -€6,674 | -€4,599 | -221.6% |
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 3 October 2026 via checked.be.