PHISOR: 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.
PHISOR
Largest movements
- Cash -€22,922
down €22,922 (-60.6%), from €37,832 to €14,910
mainly Net result for the year (-€28,253) and Tax, wage and social debts (-€25,241)
- Receivables within one year -€16,531
down €16,531 (-8.1%), from €204,463 to €187,933
of which Trade receivables: -€14,531
- Tangible fixed assets +€4,718
new in 2025: €4,718
- Reserves -€28,253
down €28,253 (-85.4%), from €33,067 to €4,814
- Tax, wage and social debts -€25,241
down €25,241 (-57.7%), from €43,770 to €18,530
of which Taxes: -€20,773
- Trade debts +€18,608
up €18,608 (+11.6%), from €160,171 to €178,778
- Gross operating margin -€36,805
down €36,805 (-24.5%), from €150,484 to €113,679
- Staff costs -€20,810
down €20,810 (-14.8%), from €140,668 to €119,857
- Taxes -€2,409
down €2,409 (-92.0%), from €2,619 to €210
- Financial charges +€1,657
up €1,657 (+3340.9%), from €50 to €1,707
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 | €244,228 | €209,014 | -€35,214 | -14.4% |
| Fixed assets | 21/28 | €185 | €4,903 | +€4,718 | +2550.2% |
| Tangible fixed assets | 22/27 | - | €4,718 | +€4,718 | |
| Plant, machinery and equipment | 23 | - | €4,718 | +€4,718 | |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €244,043 | €204,111 | -€39,932 | -16.4% |
| Amounts receivable within one year | 40/41 | €204,463 | €187,933 | -€16,531 | -8.1% |
| Trade receivables | 40 | €202,463 | €187,933 | -€14,531 | -7.2% |
| Other amounts receivable | 41 | €2,000 | - | -€2,000 | |
| Cash at bank and in hand | 54/58 | €37,832 | €14,910 | -€22,922 | -60.6% |
| Deferred charges and accrued income | 490/1 | €1,748 | €1,269 | -€479 | -27.4% |
| Total equity and liabilities | 10/49 | €244,228 | €209,014 | -€35,214 | -14.4% |
| Equity | 10/15 | €39,272 | €11,019 | -€28,253 | -71.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €33,067 | €4,814 | -€28,253 | -85.4% |
| Distributable reserves | 133 | €33,067 | €4,814 | -€28,253 | -85.4% |
| Amounts payable | 17/49 | €204,956 | €197,995 | -€6,961 | -3.4% |
| Amounts payable within one year | 42/48 | €204,628 | €197,995 | -€6,633 | -3.2% |
| Trade debts | 44 | €160,171 | €178,778 | +€18,608 | +11.6% |
| Suppliers | 440/4 | €160,171 | €178,778 | +€18,608 | +11.6% |
| Taxes, remuneration and social security | 45 | €43,770 | €18,530 | -€25,241 | -57.7% |
| Taxes | 450/3 | €28,974 | €8,201 | -€20,773 | -71.7% |
| Remuneration and social security | 454/9 | €14,796 | €10,328 | -€4,468 | -30.2% |
| Other amounts payable | 47/48 | €687 | €687 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €328 | - | -€328 | |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €140,668 | €119,857 | -€20,810 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €282 | +€282 | |
| Other operating charges | 640/8 | €1,717 | €888 | -€829 | -48.3% |
| Non-recurring operating charges | 66A | €1,896 | €18,988 | +€17,092 | +901.7% |
| Gross operating margin | 9900 | €150,484 | €113,679 | -€36,805 | -24.5% |
| Operating profit (loss) | 9901 | €6,203 | -€26,337 | -€32,540 | |
| Financial charges | 65/66B | €50 | €1,707 | +€1,657 | +3340.9% |
| Recurring financial charges | 65 | €50 | €1,707 | +€1,657 | +3340.9% |
| Profit (loss) for the period before taxes | 9903 | €6,154 | -€28,043 | -€34,197 | |
| Income taxes | 67/77 | €2,619 | €210 | -€2,409 | -92.0% |
| Profit (loss) for the period | 9904 | €3,535 | -€28,253 | -€31,788 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,535 | -€28,253 | -€31,788 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.