PHONECOM: 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.
PHONECOM
Largest movements
- Receivables within one year +€92,752
up €92,752 (+19.5%), from €474,858 to €567,610
of which Trade receivables: +€47,555
- Cash -€63,984
down €63,984 (-17.4%), from €368,421 to €304,437
mainly Contributions, distributions and other (-€575,981) and Receivables within one year (-€92,752)
- Tangible fixed assets -€39,370
down €39,370 (-2.8%), from €1.4m to €1.3m
of which Land and buildings: -€30,933
- Other debts +€575,981
new in 2025: €575,981
- Reserves -€507,681
down €507,681 (-55.0%), from €923,780 to €416,099
of which Distributable reserves: -€507,681
- Debts after one year -€86,455
down €86,455 (-18.2%), from €474,293 to €387,839
- Trade debts -€66,840
down €66,840 (-27.8%), from €240,299 to €173,459
- Short-term financial debts +€45,492
up €45,492 (+20.9%), from €217,739 to €263,230
- Gross operating margin +€75,190
up €75,190 (+3.4%), from €2.2m to €2.3m
- Other operating charges +€40,176
up €40,176 (+584.5%), from €6,874 to €47,050
- Taxes +€25,127
up €25,127 (+85.4%), from €29,408 to €54,535
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 | €2,548,385 | €2,527,722 | -€20,663 | -0.8% |
| Fixed assets | 21/28 | €1,406,384 | €1,361,316 | -€45,068 | -3.2% |
| Intangible fixed assets | 21 | €14,326 | €8,629 | -€5,698 | -39.8% |
| Tangible fixed assets | 22/27 | €1,384,737 | €1,345,367 | -€39,370 | -2.8% |
| Land and buildings | 22 | €929,065 | €898,133 | -€30,933 | -3.3% |
| Plant, machinery and equipment | 23 | €192,710 | €185,227 | -€7,483 | -3.9% |
| Furniture and vehicles | 24 | €45,837 | €38,522 | -€7,315 | -16.0% |
| Other tangible fixed assets | 26 | €217,125 | €223,485 | +€6,360 | +2.9% |
| Financial fixed assets | 28 | €7,321 | €7,321 | = | 0.0% |
| Current assets | 29/58 | €1,142,001 | €1,166,406 | +€24,405 | +2.1% |
| Amounts receivable after more than one year | 29 | €288,998 | €288,998 | = | 0.0% |
| Other amounts receivable | 291 | €288,998 | €288,998 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €474,858 | €567,610 | +€92,752 | +19.5% |
| Trade receivables | 40 | €350,370 | €397,925 | +€47,555 | +13.6% |
| Other amounts receivable | 41 | €124,488 | €169,686 | +€45,197 | +36.3% |
| Cash at bank and in hand | 54/58 | €368,421 | €304,437 | -€63,984 | -17.4% |
| Deferred charges and accrued income | 490/1 | €9,724 | €5,360 | -€4,364 | -44.9% |
| Total equity and liabilities | 10/49 | €2,548,385 | €2,527,722 | -€20,663 | -0.8% |
| Equity | 10/15 | €1,080,385 | €572,776 | -€507,609 | -47.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €923,780 | €416,099 | -€507,681 | -55.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Other | 1319 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,501 | €2,501 | = | 0.0% |
| Distributable reserves | 133 | €915,081 | €407,400 | -€507,681 | -55.5% |
| Profit (loss) carried forward | 14 | €94,632 | €94,705 | +€73 | +0.1% |
| Amounts payable | 17/49 | €1,467,999 | €1,954,945 | +€486,946 | +33.2% |
| Amounts payable after more than one year | 17 | €474,293 | €387,839 | -€86,455 | -18.2% |
| Financial debts | 170/4 | €474,293 | €387,839 | -€86,455 | -18.2% |
| Amounts payable within one year | 42/48 | €993,706 | €1,567,106 | +€573,400 | +57.7% |
| Current portion of amounts payable after more than one year | 42 | €307,747 | €304,973 | -€2,774 | -0.9% |
| Financial debts | 43 | €217,739 | €263,230 | +€45,492 | +20.9% |
| Credit institutions | 430/8 | €217,739 | €263,230 | +€45,492 | +20.9% |
| Trade debts | 44 | €240,299 | €173,459 | -€66,840 | -27.8% |
| Suppliers | 440/4 | €240,299 | €173,459 | -€66,840 | -27.8% |
| Taxes, remuneration and social security | 45 | €227,922 | €249,463 | +€21,541 | +9.5% |
| Taxes | 450/3 | €82,894 | €122,073 | +€39,179 | +47.3% |
| Remuneration and social security | 454/9 | €145,028 | €127,390 | -€17,638 | -12.2% |
| Other amounts payable | 47/48 | - | €575,981 | +€575,981 | |
| Remuneration, social security and pensions | 62 | €2,006,248 | €2,010,195 | +€3,947 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,587 | €100,740 | -€847 | -0.8% |
| Other operating charges | 640/8 | €6,874 | €47,050 | +€40,176 | +584.5% |
| Gross operating margin | 9900 | €2,242,200 | €2,317,390 | +€75,190 | +3.4% |
| Operating profit (loss) | 9901 | €127,491 | €159,405 | +€31,914 | +25.0% |
| Financial income | 75/76B | €8,533 | €14,618 | +€6,086 | +71.3% |
| Recurring financial income | 75 | €8,533 | €14,618 | +€6,086 | +71.3% |
| Financial charges | 65/66B | €51,231 | €51,116 | -€115 | -0.2% |
| Recurring financial charges | 65 | €51,231 | €51,116 | -€115 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €84,793 | €122,907 | +€38,115 | +45.0% |
| Income taxes | 67/77 | €29,408 | €54,535 | +€25,127 | +85.4% |
| Profit (loss) for the period | 9904 | €55,385 | €68,373 | +€12,988 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,385 | €68,373 | +€12,988 | +23.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.