PHNOM PENH: 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.
PHNOM PENH
Largest movements
- Receivables after one year -€110,383
down €110,383 (-71.7%), from €154,000 to €43,617
- Receivables within one year -€24,906
down €24,906 (-89.9%), from €27,720 to €2,814
of which Trade receivables: -€24,906
- Tangible fixed assets -€12,057
down €12,057 (-4.8%), from €253,560 to €241,503
- Other debts -€99,906
down €99,906 (-23.5%), from €425,089 to €325,184
- Trade debts -€23,315
down €23,315 (-80.2%), from €29,060 to €5,745
- Debts after one year -€20,719
down €20,719 (-30.2%), from €68,553 to €47,834
- Profit (loss) carried forward -€5,064
down €5,064 (-4.7%), from -€107,615 to -€112,679
- Gross operating margin +€21,407
up €21,407 (+192.3%), from €11,132 to €32,539
- Financial charges +€16,374
up €16,374 (+346.9%), from €4,720 to €21,093
- Other operating charges +€3,968
up €3,968 (+188.8%), from €2,102 to €6,070
- Financial income +€1,617
new in 2025: €1,617
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 | €435,995 | €289,054 | -€146,941 | -33.7% |
| Fixed assets | 21/28 | €253,560 | €242,003 | -€11,557 | -4.6% |
| Tangible fixed assets | 22/27 | €253,560 | €241,503 | -€12,057 | -4.8% |
| Land and buildings | 22 | €253,560 | €241,503 | -€12,057 | -4.8% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €182,435 | €47,051 | -€135,384 | -74.2% |
| Amounts receivable after more than one year | 29 | €154,000 | €43,617 | -€110,383 | -71.7% |
| Other amounts receivable | 291 | €154,000 | €43,617 | -€110,383 | -71.7% |
| Amounts receivable within one year | 40/41 | €27,720 | €2,814 | -€24,906 | -89.9% |
| Trade receivables | 40 | €27,720 | €2,814 | -€24,906 | -89.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €715 | €620 | -€95 | -13.2% |
| Total equity and liabilities | 10/49 | €435,995 | €289,054 | -€146,941 | -33.7% |
| Equity | 10/15 | -€106,615 | -€111,679 | -€5,064 | -4.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,615 | -€112,679 | -€5,064 | -4.7% |
| Amounts payable | 17/49 | €542,609 | €400,733 | -€141,877 | -26.1% |
| Amounts payable after more than one year | 17 | €68,553 | €47,834 | -€20,719 | -30.2% |
| Financial debts | 170/4 | €68,553 | €47,834 | -€20,719 | -30.2% |
| Amounts payable within one year | 42/48 | €474,056 | €352,899 | -€121,157 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €19,907 | €20,719 | +€812 | +4.1% |
| Trade debts | 44 | €29,060 | €5,745 | -€23,315 | -80.2% |
| Suppliers | 440/4 | €29,060 | €5,745 | -€23,315 | -80.2% |
| Taxes, remuneration and social security | 45 | - | €1,251 | +€1,251 | |
| Taxes | 450/3 | - | €1,251 | +€1,251 | |
| Other amounts payable | 47/48 | €425,089 | €325,184 | -€99,906 | -23.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,008 | €12,057 | +€48 | +0.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,102 | €6,070 | +€3,968 | +188.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,132 | €32,539 | +€21,407 | +192.3% |
| Operating profit (loss) | 9901 | -€2,978 | €14,412 | +€17,390 | |
| Financial income | 75/76B | - | €1,617 | +€1,617 | |
| Recurring financial income | 75 | - | €1,617 | +€1,617 | |
| Financial charges | 65/66B | €4,720 | €21,093 | +€16,374 | +346.9% |
| Recurring financial charges | 65 | €4,720 | €21,093 | +€16,374 | +346.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,697 | -€5,064 | +€2,633 | +34.2% |
| Profit (loss) for the period | 9904 | -€7,697 | -€5,064 | +€2,633 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,697 | -€5,064 | +€2,633 | +34.2% |
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 11 October 2026 via checked.be.