PHIRO CONSULTING: 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.
PHIRO CONSULTING
Largest movements
- Receivables within one year +€148,808
up €148,808 (+179%), from €83,346 to €232,154
of which Trade receivables: +€147,191
- Cash -€17,817
down €17,817 (-79.5%), from €22,416 to €4,599
mainly Receivables within one year (-€148,808) and Debts after one year (-€8,520)
- Tangible fixed assets -€8,396
down €8,396 (-13.8%), from €60,837 to €52,441
of which Land and buildings: -€7,337
- Profit (loss) carried forward +€93,520
up €93,520 (+91.0%), from -€102,810 to -€9,290
- Other debts +€27,849
up €27,849, from €0 to €27,849
- Tax, wage and social debts +€9,857
up €9,857 (+648%), from €1,522 to €11,379
of which Taxes: +€9,857
- Debts after one year -€8,520
down €8,520 (-32.9%), from €25,901 to €17,381
- Gross operating margin +€122,895
up €122,895, from -€19,408 to €103,487
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 | €288,835 | €412,133 | +€123,298 | +42.7% |
| Fixed assets | 21/28 | €60,837 | €52,441 | -€8,396 | -13.8% |
| Tangible fixed assets | 22/27 | €60,837 | €52,441 | -€8,396 | -13.8% |
| Land and buildings | 22 | €58,641 | €51,304 | -€7,337 | -12.5% |
| Plant, machinery and equipment | 23 | €1,168 | €623 | -€545 | -46.7% |
| Furniture and vehicles | 24 | €1,028 | €514 | -€514 | -50.0% |
| Current assets | 29/58 | €227,998 | €359,693 | +€131,695 | +57.8% |
| Amounts receivable within one year | 40/41 | €83,346 | €232,154 | +€148,808 | +179% |
| Trade receivables | 40 | €78,642 | €225,833 | +€147,191 | +187% |
| Other amounts receivable | 41 | €4,704 | €6,322 | +€1,618 | +34.4% |
| Current investments | 50/53 | €122,236 | €122,939 | +€703 | +0.6% |
| Cash at bank and in hand | 54/58 | €22,416 | €4,599 | -€17,817 | -79.5% |
| Total equity and liabilities | 10/49 | €288,835 | €412,133 | +€123,298 | +42.7% |
| Equity | 10/15 | €252,488 | €346,008 | +€93,520 | +37.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €335,298 | €335,298 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,657 | €49,657 | -€0 | 0.0% |
| Distributable reserves | 133 | €283,641 | €283,641 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€102,810 | -€9,290 | +€93,520 | +91.0% |
| Amounts payable | 17/49 | €36,347 | €66,125 | +€29,778 | +81.9% |
| Amounts payable after more than one year | 17 | €25,901 | €17,381 | -€8,520 | -32.9% |
| Financial debts | 170/4 | €25,901 | €17,381 | -€8,520 | -32.9% |
| Amounts payable within one year | 42/48 | €10,446 | €48,744 | +€38,298 | +367% |
| Current portion of amounts payable after more than one year | 42 | €8,409 | €8,520 | +€111 | +1.3% |
| Trade debts | 44 | €515 | €996 | +€481 | +93.4% |
| Suppliers | 440/4 | €515 | €996 | +€481 | +93.4% |
| Taxes, remuneration and social security | 45 | €1,522 | €11,379 | +€9,857 | +648% |
| Taxes | 450/3 | €1,522 | €11,379 | +€9,857 | +648% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €27,849 | +€27,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,319 | €8,396 | +€77 | +0.9% |
| Other operating charges | 640/8 | €756 | €1,313 | +€557 | +73.6% |
| Gross operating margin | 9900 | -€19,408 | €103,487 | +€122,895 | |
| Operating profit (loss) | 9901 | -€28,483 | €93,778 | +€122,261 | |
| Financial income | 75/76B | - | €709 | +€709 | |
| Recurring financial income | 75 | - | €709 | +€709 | |
| Financial charges | 65/66B | €775 | €826 | +€51 | +6.5% |
| Recurring financial charges | 65 | €775 | €826 | +€51 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,258 | €93,662 | +€122,920 | |
| Income taxes | 67/77 | €141 | €141 | -€0 | -0.1% |
| Profit (loss) for the period | 9904 | -€29,399 | €93,521 | +€122,920 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,399 | €93,521 | +€122,920 |
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.