PHLOX: 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.
PHLOX
Largest movements
- Receivables within one year +€349,703
up €349,703 (+48.2%), from €725,611 to €1.1m
of which Other amounts receivable: +€304,843
- Reserves +€440,958
up €440,958 (+25.9%), from €1.7m to €2.1m
- Debts after one year -€86,452
down €86,452 (-14.8%), from €585,820 to €499,368
- Financial income +€289,672
up €289,672 (+82.7%), from €350,412 to €640,085
- Other operating charges +€78,249
up €78,249 (+74.0%), from €105,736 to €183,985
- Taxes -€21,402
down €21,402 (-98.8%), from €21,664 to €262
- Gross operating margin -€5,536
down €5,536 (-40.8%), from €13,562 to €8,027
- Financial charges -€558
down €558 (-6.5%), from €8,528 to €7,969
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 | €3,952,265 | €4,287,699 | +€335,434 | +8.5% |
| Fixed assets | 21/28 | €3,078,134 | €3,063,197 | -€14,937 | -0.5% |
| Tangible fixed assets | 22/27 | €51,134 | €36,197 | -€14,937 | -29.2% |
| Furniture and vehicles | 24 | €51,134 | €36,197 | -€14,937 | -29.2% |
| Financial fixed assets | 28 | €3,027,000 | €3,027,000 | = | 0.0% |
| Current assets | 29/58 | €874,130 | €1,224,502 | +€350,371 | +40.1% |
| Amounts receivable after more than one year | 29 | €113,400 | €120,204 | +€6,804 | +6.0% |
| Other amounts receivable | 291 | €113,400 | €120,204 | +€6,804 | +6.0% |
| Amounts receivable within one year | 40/41 | €725,611 | €1,075,314 | +€349,703 | +48.2% |
| Trade receivables | 40 | €46,789 | €91,649 | +€44,859 | +95.9% |
| Other amounts receivable | 41 | €678,822 | €983,665 | +€304,843 | +44.9% |
| Cash at bank and in hand | 54/58 | €28,741 | €20,438 | -€8,303 | -28.9% |
| Deferred charges and accrued income | 490/1 | €6,379 | €8,546 | +€2,167 | +34.0% |
| Total equity and liabilities | 10/49 | €3,952,265 | €4,287,699 | +€335,434 | +8.5% |
| Equity | 10/15 | €3,237,659 | €3,678,617 | +€440,958 | +13.6% |
| Contributions | 10/11 | €1,538,000 | €1,538,000 | = | 0.0% |
| Reserves | 13 | €1,699,659 | €2,140,617 | +€440,958 | +25.9% |
| Distributable reserves | 133 | €1,699,659 | €2,140,617 | +€440,958 | +25.9% |
| Amounts payable | 17/49 | €714,605 | €609,082 | -€105,523 | -14.8% |
| Amounts payable after more than one year | 17 | €585,820 | €499,368 | -€86,452 | -14.8% |
| Financial debts | 170/4 | €585,820 | €499,368 | -€86,452 | -14.8% |
| Amounts payable within one year | 42/48 | €127,660 | €109,151 | -€18,509 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €75,375 | €76,452 | +€1,076 | +1.4% |
| Trade debts | 44 | €6,296 | €7,509 | +€1,213 | +19.3% |
| Suppliers | 440/4 | €6,296 | €7,509 | +€1,213 | +19.3% |
| Taxes, remuneration and social security | 45 | €22,244 | €6,179 | -€16,064 | -72.2% |
| Taxes | 450/3 | €22,244 | €6,179 | -€16,064 | -72.2% |
| Other amounts payable | 47/48 | €23,745 | €19,011 | -€4,735 | -19.9% |
| Accrued charges and deferred income | 492/3 | €1,126 | €563 | -€562 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,314 | €14,937 | -€376 | -2.5% |
| Other operating charges | 640/8 | €105,736 | €183,985 | +€78,249 | +74.0% |
| Gross operating margin | 9900 | €13,562 | €8,027 | -€5,536 | -40.8% |
| Operating profit (loss) | 9901 | -€107,487 | -€190,896 | -€83,409 | -77.6% |
| Financial income | 75/76B | €350,412 | €640,085 | +€289,672 | +82.7% |
| Recurring financial income | 75 | €350,412 | €640,085 | +€289,672 | +82.7% |
| Financial charges | 65/66B | €8,528 | €7,969 | -€558 | -6.5% |
| Recurring financial charges | 65 | €8,528 | €7,969 | -€558 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €234,398 | €441,220 | +€206,822 | +88.2% |
| Income taxes | 67/77 | €21,664 | €262 | -€21,402 | -98.8% |
| Profit (loss) for the period | 9904 | €212,734 | €440,958 | +€228,224 | +107.3% |
| Profit (loss) for the period to be appropriated | 9905 | €212,734 | €440,958 | +€228,224 | +107.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.