Phlam Management: 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.
Phlam Management
Largest movements
- Receivables within one year -€40,741
down €40,741 (-13.1%), from €312,034 to €271,292
- Cash -€13,298
down €13,298 (-69.3%), from €19,191 to €5,893
mainly Contributions, distributions and other (-€97,941) and Tax, wage and social debts (-€11,779)
- Reserves -€43,791
down €43,791 (-12.9%), from €340,272 to €296,480
- Tax, wage and social debts -€11,779
down €11,779 (-32.8%), from €35,916 to €24,137
- Financial income +€39,199
up €39,199 (+4839337.0%), from €1 to €39,199
of which Non-recurring financial income: +€39,197
- Gross operating margin -€32,596
down €32,596 (-35.5%), from €91,876 to €59,280
- Taxes -€6,965
down €6,965 (-25.9%), from €26,917 to €19,952
- Other operating charges +€6,770
up €6,770 (+132.2%), from €5,122 to €11,892
- Depreciation +€3,197
up €3,197 (+35.8%), from €8,922 to €12,119
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 | €387,053 | €331,499 | -€55,555 | -14.4% |
| Fixed assets | 21/28 | €51,841 | €50,612 | -€1,229 | -2.4% |
| Tangible fixed assets | 22/27 | €51,841 | €50,612 | -€1,229 | -2.4% |
| Plant, machinery and equipment | 23 | €5,925 | €12,560 | +€6,635 | +112.0% |
| Furniture and vehicles | 24 | €33,229 | €27,462 | -€5,767 | -17.4% |
| Other tangible fixed assets | 26 | €12,687 | €10,590 | -€2,097 | -16.5% |
| Current assets | 29/58 | €335,212 | €280,887 | -€54,325 | -16.2% |
| Amounts receivable within one year | 40/41 | €312,034 | €271,292 | -€40,741 | -13.1% |
| Other amounts receivable | 41 | €312,034 | €271,292 | -€40,741 | -13.1% |
| Cash at bank and in hand | 54/58 | €19,191 | €5,893 | -€13,298 | -69.3% |
| Deferred charges and accrued income | 490/1 | €3,987 | €3,702 | -€286 | -7.2% |
| Total equity and liabilities | 10/49 | €387,053 | €331,499 | -€55,555 | -14.4% |
| Equity | 10/15 | €348,332 | €304,540 | -€43,791 | -12.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €340,272 | €296,480 | -€43,791 | -12.9% |
| Distributable reserves | 133 | €340,272 | €296,480 | -€43,791 | -12.9% |
| Amounts payable | 17/49 | €38,722 | €26,959 | -€11,763 | -30.4% |
| Amounts payable within one year | 42/48 | €38,722 | €26,959 | -€11,763 | -30.4% |
| Trade debts | 44 | €2,806 | €2,822 | +€16 | +0.6% |
| Suppliers | 440/4 | €2,806 | €2,822 | +€16 | +0.6% |
| Taxes, remuneration and social security | 45 | €35,916 | €24,137 | -€11,779 | -32.8% |
| Taxes | 450/3 | €35,916 | €24,137 | -€11,779 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,922 | €12,119 | +€3,197 | +35.8% |
| Other operating charges | 640/8 | €5,122 | €11,892 | +€6,770 | +132.2% |
| Gross operating margin | 9900 | €91,876 | €59,280 | -€32,596 | -35.5% |
| Operating profit (loss) | 9901 | €77,832 | €35,270 | -€42,563 | -54.7% |
| Financial income | 75/76B | €1 | €39,199 | +€39,199 | +4839337.0% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +217.3% |
| Non-recurring financial income | 76B | - | €39,197 | +€39,197 | |
| Financial charges | 65/66B | €278 | €367 | +€89 | +32.0% |
| Recurring financial charges | 65 | €278 | €367 | +€89 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €77,555 | €74,102 | -€3,453 | -4.5% |
| Income taxes | 67/77 | €26,917 | €19,952 | -€6,965 | -25.9% |
| Profit (loss) for the period | 9904 | €50,638 | €54,150 | +€3,512 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,638 | €54,150 | +€3,512 | +6.9% |
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.