PHIVIN: 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.
PHIVIN
Largest movements
- Tangible fixed assets -€6,413
down €6,413 (-18.7%), from €34,338 to €27,925
- Cash -€617
down €617 (-73.0%), from €845 to €228
mainly Net result for the year (-€14,510)
- Profit (loss) carried forward -€14,510
down €14,510 (-20.6%), from -€70,592 to -€85,102
- Other debts +€6,771
up €6,771 (+7.8%), from €86,984 to €93,755
- Trade debts +€709
up €709 (+62.9%), from €1,128 to €1,837
- Gross operating margin -€1,778
down €1,778 (-53.9%), from -€3,299 to -€5,077
- Depreciation -€499
down €499 (-7.2%), from €6,912 to €6,413
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 | €37,971 | €30,941 | -€7,030 | -18.5% |
| Fixed assets | 21/28 | €34,338 | €27,925 | -€6,413 | -18.7% |
| Tangible fixed assets | 22/27 | €34,338 | €27,925 | -€6,413 | -18.7% |
| Land and buildings | 22 | €34,338 | €27,925 | -€6,413 | -18.7% |
| Current assets | 29/58 | €3,633 | €3,016 | -€617 | -17.0% |
| Amounts receivable within one year | 40/41 | €2,788 | €2,788 | = | 0.0% |
| Other amounts receivable | 41 | €2,788 | €2,788 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €845 | €228 | -€617 | -73.0% |
| Total equity and liabilities | 10/49 | €37,971 | €30,941 | -€7,030 | -18.5% |
| Equity | 10/15 | -€50,141 | -€64,651 | -€14,510 | -28.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,592 | -€85,102 | -€14,510 | -20.6% |
| Amounts payable | 17/49 | €88,112 | €95,592 | +€7,480 | +8.5% |
| Amounts payable within one year | 42/48 | €88,112 | €95,592 | +€7,480 | +8.5% |
| Trade debts | 44 | €1,128 | €1,837 | +€709 | +62.9% |
| Suppliers | 440/4 | €1,128 | €1,837 | +€709 | +62.9% |
| Other amounts payable | 47/48 | €86,984 | €93,755 | +€6,771 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,912 | €6,413 | -€499 | -7.2% |
| Other operating charges | 640/8 | €2,928 | €2,962 | +€34 | +1.2% |
| Gross operating margin | 9900 | -€3,299 | -€5,077 | -€1,778 | -53.9% |
| Operating profit (loss) | 9901 | -€13,139 | -€14,452 | -€1,313 | -10.0% |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €47 | €58 | +€11 | +23.4% |
| Recurring financial charges | 65 | €47 | €58 | +€11 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,157 | -€14,510 | -€1,353 | -10.3% |
| Profit (loss) for the period | 9904 | -€13,157 | -€14,510 | -€1,353 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,157 | -€14,510 | -€1,353 | -10.3% |
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 4 October 2026 via checked.be.