PHONOTECH: 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.
PHONOTECH
Largest movements
- Stocks and contracts +€227,661
up €227,661 (+121.8%), from €186,958 to €414,620
- Receivables within one year +€111,936
up €111,936 (+29.3%), from €381,601 to €493,537
of which Trade receivables: +€80,064
- Cash +€77,382
up €77,382 (+272.6%), from €28,387 to €105,769
mainly Debts after one year (+€311,169) and Depreciation (+€97,878)
- Tangible fixed assets +€76,951
up €76,951 (+144.8%), from €53,149 to €130,099
of which Furniture and vehicles: +€81,084
- Debts after one year +€311,169
up €311,169 (+41.5%), from €750,000 to €1.1m
of which Other amounts payable: +€250,000
- Other debts +€70,000
up €70,000, from €0 to €70,000
- Trade debts +€64,406
up €64,406 (+27.5%), from €233,928 to €298,333
- Profit (loss) carried forward +€36,998
up €36,998 (+12.4%), from -€299,022 to -€262,024
- Current portion of long-term debt +€16,040
new in 2025: €16,040
- Gross operating margin +€339,288
up €339,288 (+260.8%), from €130,099 to €469,387
- Staff costs -€10,690
down €10,690 (-3.6%), from €299,569 to €288,878
- Other operating charges +€6,744
up €6,744 (+74.3%), from €9,078 to €15,822
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 | €833,836 | €1,308,656 | +€474,820 | +56.9% |
| Fixed assets | 21/28 | €215,508 | €282,767 | +€67,259 | +31.2% |
| Intangible fixed assets | 21 | €122,264 | €113,488 | -€8,776 | -7.2% |
| Tangible fixed assets | 22/27 | €53,149 | €130,099 | +€76,951 | +144.8% |
| Plant, machinery and equipment | 23 | €6,129 | €2,442 | -€3,687 | -60.2% |
| Furniture and vehicles | 24 | €46,573 | €127,658 | +€81,084 | +174.1% |
| Other tangible fixed assets | 26 | €447 | €0 | -€447 | -100.0% |
| Financial fixed assets | 28 | €40,095 | €39,180 | -€915 | -2.3% |
| Current assets | 29/58 | €618,329 | €1,025,889 | +€407,561 | +65.9% |
| Stocks and contracts in progress | 3 | €186,958 | €414,620 | +€227,661 | +121.8% |
| Stocks | 30/36 | €186,958 | €414,620 | +€227,661 | +121.8% |
| Amounts receivable within one year | 40/41 | €381,601 | €493,537 | +€111,936 | +29.3% |
| Trade receivables | 40 | €362,805 | €442,868 | +€80,064 | +22.1% |
| Other amounts receivable | 41 | €18,797 | €50,669 | +€31,872 | +169.6% |
| Cash at bank and in hand | 54/58 | €28,387 | €105,769 | +€77,382 | +272.6% |
| Deferred charges and accrued income | 490/1 | €21,382 | €11,964 | -€9,418 | -44.0% |
| Total equity and liabilities | 10/49 | €833,836 | €1,308,656 | +€474,820 | +56.9% |
| Equity | 10/15 | -€292,822 | -€255,824 | +€36,998 | +12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€299,022 | -€262,024 | +€36,998 | +12.4% |
| Amounts payable | 17/49 | €1,126,658 | €1,564,480 | +€437,822 | +38.9% |
| Amounts payable after more than one year | 17 | €750,000 | €1,061,169 | +€311,169 | +41.5% |
| Financial debts | 170/4 | - | €61,169 | +€61,169 | |
| Other amounts payable | 178/9 | €750,000 | €1,000,000 | +€250,000 | +33.3% |
| Amounts payable within one year | 42/48 | €287,200 | €417,799 | +€130,599 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | - | €16,040 | +€16,040 | |
| Trade debts | 44 | €233,928 | €298,333 | +€64,406 | +27.5% |
| Suppliers | 440/4 | €233,928 | €298,333 | +€64,406 | +27.5% |
| Advances received on contracts in progress | 46 | €8,338 | €2,148 | -€6,190 | -74.2% |
| Taxes, remuneration and social security | 45 | €44,935 | €31,278 | -€13,657 | -30.4% |
| Taxes | 450/3 | €14,623 | €1,483 | -€13,139 | -89.9% |
| Remuneration and social security | 454/9 | €30,312 | €29,795 | -€517 | -1.7% |
| Other amounts payable | 47/48 | €0 | €70,000 | +€70,000 | |
| Accrued charges and deferred income | 492/3 | €89,458 | €85,512 | -€3,946 | -4.4% |
| Remuneration, social security and pensions | 62 | €299,569 | €288,878 | -€10,690 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,604 | €97,878 | +€2,274 | +2.4% |
| Other operating charges | 640/8 | €9,078 | €15,822 | +€6,744 | +74.3% |
| Gross operating margin | 9900 | €130,099 | €469,387 | +€339,288 | +260.8% |
| Operating profit (loss) | 9901 | -€274,152 | €66,809 | +€340,960 | |
| Financial income | 75/76B | €1,597 | €822 | -€774 | -48.5% |
| Recurring financial income | 75 | €1,597 | €822 | -€774 | -48.5% |
| Financial charges | 65/66B | €31,939 | €30,030 | -€1,909 | -6.0% |
| Recurring financial charges | 65 | €31,939 | €30,030 | -€1,909 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€304,494 | €37,602 | +€342,095 | |
| Income taxes | 67/77 | €631 | €604 | -€27 | -4.3% |
| Profit (loss) for the period | 9904 | -€305,125 | €36,998 | +€342,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€305,125 | €36,998 | +€342,122 |
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 2 October 2026 via checked.be.