PHITHOCLACIC: what changed
Two fiscal 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.
PHITHOCLACIC
Largest movements
- Receivables within one year -€61,162
down €61,162 (-11.3%), from €542,110 to €480,948
- Tangible fixed assets -€22,468
down €22,468 (-14.0%), from €160,332 to €137,863
of which Plant, machinery and equipment: -€13,970
- Debts after one year -€82,674
down €82,674 (-18.1%), from €455,716 to €373,042
- Other debts -€55,848
down €55,848 (-38.1%), from €146,511 to €90,663
- Profit (loss) carried forward +€55,209
up €55,209, from -€36,880 to €18,329
- Tax, wage and social debts +€20,097
up €20,097 (+306.8%), from €6,551 to €26,649
- Current portion of long-term debt -€19,966
down €19,966 (-31.7%), from €63,041 to €43,074
- Depreciation -€79,510
down €79,510 (-78.0%), from €101,978 to €22,468
- Gross operating margin -€20,670
down €20,670 (-17.1%), from €120,980 to €100,310
- Taxes -€3,454
down €3,454 (-14.7%), from €23,551 to €20,097
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 | €1,374,527 | €1,291,804 | -€82,722 | -6.0% |
| Fixed assets | 21/28 | €829,332 | €806,863 | -€22,468 | -2.7% |
| Tangible fixed assets | 22/27 | €160,332 | €137,863 | -€22,468 | -14.0% |
| Land and buildings | 22 | €69,123 | €62,038 | -€7,085 | -10.2% |
| Plant, machinery and equipment | 23 | €85,769 | €71,798 | -€13,970 | -16.3% |
| Furniture and vehicles | 24 | €5,440 | €4,027 | -€1,413 | -26.0% |
| Financial fixed assets | 28 | €669,000 | €669,000 | = | 0.0% |
| Current assets | 29/58 | €545,195 | €484,941 | -€60,254 | -11.1% |
| Amounts receivable within one year | 40/41 | €542,110 | €480,948 | -€61,162 | -11.3% |
| Other amounts receivable | 41 | €542,110 | €480,948 | -€61,162 | -11.3% |
| Cash at bank and in hand | 54/58 | €911 | €894 | -€17 | -1.8% |
| Deferred charges and accrued income | 490/1 | €2,174 | €3,098 | +€925 | +42.5% |
| Total equity and liabilities | 10/49 | €1,374,527 | €1,291,804 | -€82,722 | -6.0% |
| Equity | 10/15 | €694,620 | €749,829 | +€55,209 | +7.9% |
| Contributions | 10/11 | €665,000 | €665,000 | = | 0.0% |
| Capital | 10 | €665,000 | €665,000 | = | 0.0% |
| Issued capital | 100 | €665,000 | €665,000 | = | 0.0% |
| Reserves | 13 | €66,500 | €66,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €66,500 | €66,500 | = | 0.0% |
| Legal reserve | 130 | €66,500 | €66,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,880 | €18,329 | +€55,209 | |
| Amounts payable | 17/49 | €679,907 | €541,976 | -€137,931 | -20.3% |
| Amounts payable after more than one year | 17 | €455,716 | €373,042 | -€82,674 | -18.1% |
| Financial debts | 170/4 | €455,716 | €373,042 | -€82,674 | -18.1% |
| Amounts payable within one year | 42/48 | €224,190 | €168,934 | -€55,257 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €63,041 | €43,074 | -€19,966 | -31.7% |
| Trade debts | 44 | €8,087 | €8,548 | +€460 | +5.7% |
| Suppliers | 440/4 | €8,087 | €8,548 | +€460 | +5.7% |
| Taxes, remuneration and social security | 45 | €6,551 | €26,649 | +€20,097 | +306.8% |
| Taxes | 450/3 | €6,551 | €26,649 | +€20,097 | +306.8% |
| Other amounts payable | 47/48 | €146,511 | €90,663 | -€55,848 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,978 | €22,468 | -€79,510 | -78.0% |
| Other operating charges | 640/8 | €7,024 | €7,230 | +€206 | +2.9% |
| Gross operating margin | 9900 | €120,980 | €100,310 | -€20,670 | -17.1% |
| Operating profit (loss) | 9901 | €11,977 | €70,612 | +€58,635 | +489.6% |
| Financial income | 75/76B | €11,021 | €11,025 | +€5 | 0.0% |
| Recurring financial income | 75 | €10,305 | €11,025 | +€720 | +7.0% |
| Non-recurring financial income | 76B | €716 | - | -€716 | |
| Financial charges | 65/66B | €6,720 | €6,331 | -€389 | -5.8% |
| Recurring financial charges | 65 | €6,720 | €6,331 | -€389 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €16,278 | €75,306 | +€59,028 | +362.6% |
| Income taxes | 67/77 | €23,551 | €20,097 | -€3,454 | -14.7% |
| Profit (loss) for the period | 9904 | -€7,274 | €55,209 | +€62,483 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,274 | €55,209 | +€62,483 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.