Phixum: 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.
Phixum
Largest movements
- Formation expenses +€32,063
new in 2025: €32,063
- Tangible fixed assets -€18,943
down €18,943 (-4.2%), from €452,517 to €433,573
of which Land and buildings: -€18,189
- Stocks and contracts -€18,313
down €18,313 (-26.5%), from €69,137 to €50,824
- Cash -€8,818
down €8,818 (-31.9%), from €27,600 to €18,782
mainly Current portion of long-term debt (-€47,977) and Investment in fixed assets (net) (-€45,184)
- Receivables within one year -€6,235
down €6,235 (-47.4%), from €13,156 to €6,921
of which Trade receivables: -€7,330
- Current portion of long-term debt -€47,977
down €47,977 (-70.2%), from €68,363 to €20,387
- Other debts +€32,881
up €32,881 (+446%), from €7,375 to €40,256
- Debts after one year -€21,521
down €21,521 (-5.3%), from €402,295 to €380,774
of which Financial debts: -€21,521
- Profit (loss) carried forward +€7,387
up €7,387 (+1,313%), from €563 to €7,950
- Gross operating margin -€81,753
down €81,753 (-77.3%), from €105,800 to €24,047
- Depreciation +€6,801
up €6,801 (+26.9%), from €25,299 to €32,101
- Financial charges -€4,247
down €4,247 (-19.1%), from €22,184 to €17,936
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 | €567,032 | €546,753 | -€20,279 | -3.6% |
| Formation expenses | 20 | - | €32,063 | +€32,063 | |
| Fixed assets | 21/28 | €456,928 | €437,948 | -€18,980 | -4.2% |
| Intangible fixed assets | 21 | €37 | €0 | -€37 | -100% |
| Tangible fixed assets | 22/27 | €452,517 | €433,573 | -€18,943 | -4.2% |
| Land and buildings | 22 | €440,294 | €422,105 | -€18,189 | -4.1% |
| Plant, machinery and equipment | 23 | €1,980 | €928 | -€1,052 | -53.1% |
| Furniture and vehicles | 24 | €10,243 | €10,541 | +€298 | +2.9% |
| Financial fixed assets | 28 | €4,375 | €4,375 | = | 0.0% |
| Current assets | 29/58 | €110,103 | €76,742 | -€33,362 | -30.3% |
| Stocks and contracts in progress | 3 | €69,137 | €50,824 | -€18,313 | -26.5% |
| Stocks | 30/36 | €69,137 | €50,824 | -€18,313 | -26.5% |
| Amounts receivable within one year | 40/41 | €13,156 | €6,921 | -€6,235 | -47.4% |
| Trade receivables | 40 | €13,156 | €5,826 | -€7,330 | -55.7% |
| Other amounts receivable | 41 | - | €1,095 | +€1,095 | |
| Cash at bank and in hand | 54/58 | €27,600 | €18,782 | -€8,818 | -31.9% |
| Deferred charges and accrued income | 490/1 | €210 | €214 | +€4 | +2.0% |
| Total equity and liabilities | 10/49 | €567,032 | €546,753 | -€20,279 | -3.6% |
| Equity | 10/15 | €70,563 | €77,950 | +€7,387 | +10.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €563 | €7,950 | +€7,387 | +1,313% |
| Amounts payable | 17/49 | €496,469 | €468,803 | -€27,666 | -5.6% |
| Amounts payable after more than one year | 17 | €402,295 | €380,774 | -€21,521 | -5.3% |
| Financial debts | 170/4 | €402,295 | €380,774 | -€21,521 | -5.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €94,174 | €85,074 | -€9,100 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €68,363 | €20,387 | -€47,977 | -70.2% |
| Trade debts | 44 | €8,485 | €10,871 | +€2,385 | +28.1% |
| Suppliers | 440/4 | €8,485 | €10,871 | +€2,385 | +28.1% |
| Advances received on contracts in progress | 46 | €1,600 | €0 | -€1,600 | -100% |
| Taxes, remuneration and social security | 45 | €8,351 | €13,561 | +€5,210 | +62.4% |
| Taxes | 450/3 | €8,351 | €13,561 | +€5,210 | +62.4% |
| Other amounts payable | 47/48 | €7,375 | €40,256 | +€32,881 | +446% |
| Accrued charges and deferred income | 492/3 | - | €2,955 | +€2,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,299 | €32,101 | +€6,801 | +26.9% |
| Other operating charges | 640/8 | €5,313 | €5,614 | +€300 | +5.7% |
| Non-recurring operating charges | 66A | - | -€40,079 | -€40,079 | |
| Gross operating margin | 9900 | €105,800 | €24,047 | -€81,753 | -77.3% |
| Operating profit (loss) | 9901 | €75,187 | €26,412 | -€48,775 | -64.9% |
| Financial income | 75/76B | €1,057 | €1,762 | +€705 | +66.7% |
| Recurring financial income | 75 | €1,057 | €1,762 | +€705 | +66.7% |
| Financial charges | 65/66B | €22,184 | €17,936 | -€4,247 | -19.1% |
| Recurring financial charges | 65 | €22,184 | €17,936 | -€4,247 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €54,061 | €10,238 | -€43,823 | -81.1% |
| Income taxes | 67/77 | €1,921 | €2,850 | +€929 | +48.4% |
| Profit (loss) for the period | 9904 | €52,140 | €7,387 | -€44,753 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,140 | €7,387 | -€44,753 | -85.8% |
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 13 October 2026 via checked.be.