PhiS-x: 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.
PhiS-x
Largest movements
- Cash -€15,612
down €15,612 (-38.0%), from €41,113 to €25,501
mainly Investment in fixed assets (net) (-€18,639) and Net result for the year (-€2,255)
- Tangible fixed assets +€9,364
up €9,364 (+16.6%), from €56,426 to €65,790
of which Land and buildings: +€10,993
- Receivables within one year +€2,140
up €2,140 (+32.2%), from €6,653 to €8,793
of which Trade receivables: +€8,572
- Deferred charges and accrued income -€1,679
down €1,679 (-100%), from €1,679 to €0
- Reserves -€2,255
down €2,255 (-2.7%), from €82,301 to €80,046
- Trade debts -€2,050
down €2,050 (-100%), from €2,050 to €0
- Gross operating margin -€14,062
down €14,062 (-61.8%), from €22,736 to €8,674
- Taxes -€3,364
down €3,364 (-94.5%), from €3,561 to €197
- Depreciation +€1,780
up €1,780 (+23.8%), from €7,495 to €9,275
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 | €106,621 | €100,834 | -€5,787 | -5.4% |
| Fixed assets | 21/28 | €57,176 | €66,540 | +€9,364 | +16.4% |
| Tangible fixed assets | 22/27 | €56,426 | €65,790 | +€9,364 | +16.6% |
| Land and buildings | 22 | €49,249 | €60,243 | +€10,993 | +22.3% |
| Plant, machinery and equipment | 23 | €5,422 | €4,633 | -€789 | -14.6% |
| Furniture and vehicles | 24 | €1,755 | €915 | -€840 | -47.9% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €49,445 | €34,294 | -€15,151 | -30.6% |
| Amounts receivable within one year | 40/41 | €6,653 | €8,793 | +€2,140 | +32.2% |
| Trade receivables | 40 | €214 | €8,785 | +€8,572 | +4,014% |
| Other amounts receivable | 41 | €6,439 | €8 | -€6,432 | -99.9% |
| Cash at bank and in hand | 54/58 | €41,113 | €25,501 | -€15,612 | -38.0% |
| Deferred charges and accrued income | 490/1 | €1,679 | €0 | -€1,679 | -100% |
| Total equity and liabilities | 10/49 | €106,621 | €100,834 | -€5,787 | -5.4% |
| Equity | 10/15 | €91,601 | €89,346 | -€2,255 | -2.5% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €82,301 | €80,046 | -€2,255 | -2.7% |
| Distributable reserves | 133 | €82,301 | €80,046 | -€2,255 | -2.7% |
| Amounts payable | 17/49 | €15,020 | €11,488 | -€3,531 | -23.5% |
| Amounts payable within one year | 42/48 | €14,435 | €11,488 | -€2,946 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,050 | €0 | -€2,050 | -100% |
| Suppliers | 440/4 | €2,050 | €0 | -€2,050 | -100% |
| Taxes, remuneration and social security | 45 | €5,036 | €4,061 | -€975 | -19.4% |
| Taxes | 450/3 | €5,036 | €4,061 | -€975 | -19.4% |
| Other amounts payable | 47/48 | €7,349 | €7,428 | +€79 | +1.1% |
| Accrued charges and deferred income | 492/3 | €585 | €0 | -€585 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,495 | €9,275 | +€1,780 | +23.8% |
| Other operating charges | 640/8 | €664 | €828 | +€164 | +24.8% |
| Gross operating margin | 9900 | €22,736 | €8,674 | -€14,062 | -61.8% |
| Operating profit (loss) | 9901 | €14,578 | -€1,429 | -€16,007 | |
| Financial income | 75/76B | €44 | €0 | -€44 | -100.0% |
| Recurring financial income | 75 | €44 | €0 | -€44 | -100.0% |
| Financial charges | 65/66B | €814 | €630 | -€184 | -22.6% |
| Recurring financial charges | 65 | €814 | €630 | -€184 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €13,808 | -€2,059 | -€15,867 | |
| Income taxes | 67/77 | €3,561 | €197 | -€3,364 | -94.5% |
| Profit (loss) for the period | 9904 | €10,247 | -€2,255 | -€12,503 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,247 | -€2,255 | -€12,503 |
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 17 October 2026 via checked.be.