PHITEC: 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.
PHITEC
Largest movements
- Receivables within one year -€231,804
down €231,804 (-70.0%), from €331,221 to €99,417
of which Trade receivables: -€189,562
- Tangible fixed assets -€113,648
down €113,648 (-30.0%), from €378,771 to €265,124
of which Furniture and vehicles: -€132,343
- Other debts -€269,824
down €269,824 (-28.3%), from €953,922 to €684,098
- Gross operating margin +€84,129
up €84,129, from -€48,717 to €35,412
- Financial income -€75,267
down €75,267 (-89.0%), from €84,615 to €9,348
- Financial charges +€10,313
up €10,313 (+331%), from €3,113 to €13,426
- Depreciation -€9,003
down €9,003 (-60.7%), from €14,843 to €5,840
- Taxes -€1,619
down €1,619 (-83.0%), from €1,951 to €332
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 | €3,906,508 | €3,570,160 | -€336,348 | -8.6% |
| Fixed assets | 21/28 | €2,399,271 | €2,285,624 | -€113,648 | -4.7% |
| Tangible fixed assets | 22/27 | €378,771 | €265,124 | -€113,648 | -30.0% |
| Furniture and vehicles | 24 | €342,340 | €209,997 | -€132,343 | -38.7% |
| Other tangible fixed assets | 26 | €36,432 | €55,127 | +€18,696 | +51.3% |
| Financial fixed assets | 28 | €2,020,500 | €2,020,500 | = | 0.0% |
| Current assets | 29/58 | €1,507,236 | €1,284,536 | -€222,700 | -14.8% |
| Amounts receivable after more than one year | 29 | €8,000 | €8,000 | = | 0.0% |
| Trade receivables | 290 | €8,000 | €0 | -€8,000 | -100% |
| Other amounts receivable | 291 | - | €8,000 | +€8,000 | |
| Amounts receivable within one year | 40/41 | €331,221 | €99,417 | -€231,804 | -70.0% |
| Trade receivables | 40 | €271,676 | €82,114 | -€189,562 | -69.8% |
| Other amounts receivable | 41 | €59,545 | €17,303 | -€42,242 | -70.9% |
| Current investments | 50/53 | €1,160,000 | €1,160,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,015 | €17,119 | +€9,104 | +114% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,906,508 | €3,570,160 | -€336,348 | -8.6% |
| Equity | 10/15 | €2,853,986 | €2,821,310 | -€32,676 | -1.1% |
| Contributions | 10/11 | €27,605 | €27,605 | -€0 | 0.0% |
| Reserves | 13 | €2,826,381 | €2,826,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,004,000 | €1,000,000 | -€4,000 | -0.4% |
| Reserves not available under the articles | 1311 | €1,004,000 | €1,000,000 | -€4,000 | -0.4% |
| Distributable reserves | 133 | €1,822,381 | €1,826,381 | +€4,000 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | -€32,675 | -€32,675 | |
| Amounts payable | 17/49 | €1,052,522 | €748,850 | -€303,672 | -28.9% |
| Amounts payable within one year | 42/48 | €1,052,522 | €748,850 | -€303,672 | -28.9% |
| Trade debts | 44 | €83,350 | €55,060 | -€28,290 | -33.9% |
| Suppliers | 440/4 | €83,350 | €55,060 | -€28,290 | -33.9% |
| Taxes, remuneration and social security | 45 | €15,250 | €9,692 | -€5,558 | -36.4% |
| Taxes | 450/3 | €14,104 | €9,692 | -€4,412 | -31.3% |
| Remuneration and social security | 454/9 | €1,146 | €0 | -€1,146 | -100% |
| Other amounts payable | 47/48 | €953,922 | €684,098 | -€269,824 | -28.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,843 | €5,840 | -€9,003 | -60.7% |
| Other operating charges | 640/8 | €1,756 | €193 | -€1,563 | -89.0% |
| Non-recurring operating charges | 66A | €137 | €57,644 | +€57,507 | +41,930% |
| Gross operating margin | 9900 | -€48,717 | €35,412 | +€84,129 | |
| Operating profit (loss) | 9901 | -€65,453 | -€28,266 | +€37,188 | +56.8% |
| Financial income | 75/76B | €84,615 | €9,348 | -€75,267 | -89.0% |
| Recurring financial income | 75 | €84,615 | €9,348 | -€75,267 | -89.0% |
| Financial charges | 65/66B | €3,113 | €13,426 | +€10,313 | +331% |
| Recurring financial charges | 65 | €3,113 | €13,426 | +€10,313 | +331% |
| Profit (loss) for the period before taxes | 9903 | €16,048 | -€32,344 | -€48,392 | |
| Income taxes | 67/77 | €1,951 | €332 | -€1,619 | -83.0% |
| Profit (loss) for the period | 9904 | €14,098 | -€32,675 | -€46,773 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,098 | -€32,675 | -€46,773 |
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.