Phisarto: 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.
Phisarto
Largest movements
- Receivables within one year +€23,185
up €23,185 (+98.3%), from €23,595 to €46,780
of which Trade receivables: +€15,125
- Receivables after one year -€10,285
down €10,285 (-13.7%), from €75,000 to €64,715
- Deferred charges and accrued income -€7,839
down €7,839 (-58.2%), from €13,466 to €5,627
- Tangible fixed assets -€4,833
down €4,833 (-37.0%), from €13,055 to €8,223
of which Furniture and vehicles: -€4,361
- Reserves -€14,953
down €14,953 (-7.7%), from €193,436 to €178,484
- Tax, wage and social debts +€12,240
up €12,240 (+108%), from €11,289 to €23,528
of which Remuneration and social security: +€8,651
- Other debts +€11,042
up €11,042 (+24.8%), from €44,591 to €55,633
- Debts after one year -€3,967
down €3,967 (-100%), from €3,967 to €0
- Trade debts -€3,405
down €3,405 (-27.9%), from €12,215 to €8,811
- Financial charges -€75,868
down €75,868 (-99.6%), from €76,166 to €298
- Gross operating margin -€4,786
down €4,786 (-107%), from -€4,475 to -€9,261
- Depreciation +€916
up €916 (+21.9%), from €4,193 to €5,109
- Financial income -€197
down €197 (-16.2%), from €1,214 to €1,017
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 | €288,983 | €289,005 | +€22 | 0.0% |
| Fixed assets | 21/28 | €171,441 | €166,609 | -€4,833 | -2.8% |
| Tangible fixed assets | 22/27 | €13,055 | €8,223 | -€4,833 | -37.0% |
| Furniture and vehicles | 24 | €11,624 | €7,263 | -€4,361 | -37.5% |
| Other tangible fixed assets | 26 | €1,431 | €959 | -€472 | -33.0% |
| Financial fixed assets | 28 | €158,386 | €158,386 | = | 0.0% |
| Current assets | 29/58 | €117,541 | €122,396 | +€4,855 | +4.1% |
| Amounts receivable after more than one year | 29 | €75,000 | €64,715 | -€10,285 | -13.7% |
| Other amounts receivable | 291 | €75,000 | €64,715 | -€10,285 | -13.7% |
| Amounts receivable within one year | 40/41 | €23,595 | €46,780 | +€23,185 | +98.3% |
| Trade receivables | 40 | €23,595 | €38,720 | +€15,125 | +64.1% |
| Other amounts receivable | 41 | €0 | €8,060 | +€8,060 | |
| Cash at bank and in hand | 54/58 | €5,480 | €5,274 | -€207 | -3.8% |
| Deferred charges and accrued income | 490/1 | €13,466 | €5,627 | -€7,839 | -58.2% |
| Total equity and liabilities | 10/49 | €288,983 | €289,005 | +€22 | 0.0% |
| Equity | 10/15 | €211,986 | €197,034 | -€14,953 | -7.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €193,436 | €178,484 | -€14,953 | -7.7% |
| Distributable reserves | 133 | €193,436 | €178,484 | -€14,953 | -7.7% |
| Amounts payable | 17/49 | €76,997 | €91,971 | +€14,975 | +19.4% |
| Amounts payable after more than one year | 17 | €3,967 | €0 | -€3,967 | -100% |
| Financial debts | 170/4 | €3,967 | €0 | -€3,967 | -100% |
| Amounts payable within one year | 42/48 | €71,998 | €91,940 | +€19,942 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €3,903 | €3,967 | +€64 | +1.6% |
| Trade debts | 44 | €12,215 | €8,811 | -€3,405 | -27.9% |
| Suppliers | 440/4 | €12,215 | €8,811 | -€3,405 | -27.9% |
| Taxes, remuneration and social security | 45 | €11,289 | €23,528 | +€12,240 | +108% |
| Taxes | 450/3 | €5,521 | €9,110 | +€3,589 | +65.0% |
| Remuneration and social security | 454/9 | €5,767 | €14,419 | +€8,651 | +150% |
| Other amounts payable | 47/48 | €44,591 | €55,633 | +€11,042 | +24.8% |
| Accrued charges and deferred income | 492/3 | €1,032 | €32 | -€1,000 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,193 | €5,109 | +€916 | +21.9% |
| Other operating charges | 640/8 | €1,087 | €1,013 | -€74 | -6.8% |
| Non-recurring operating charges | 66A | - | €288 | +€288 | |
| Gross operating margin | 9900 | -€4,475 | -€9,261 | -€4,786 | -107% |
| Operating profit (loss) | 9901 | -€9,755 | -€15,672 | -€5,917 | -60.7% |
| Financial income | 75/76B | €1,214 | €1,017 | -€197 | -16.2% |
| Recurring financial income | 75 | €1,214 | €1,017 | -€197 | -16.2% |
| Financial charges | 65/66B | €76,166 | €298 | -€75,868 | -99.6% |
| Recurring financial charges | 65 | €76,166 | €298 | -€75,868 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | -€84,707 | -€14,953 | +€69,754 | +82.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€84,707 | -€14,953 | +€69,754 | +82.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,707 | -€14,953 | +€69,754 | +82.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.