PHONYSYS: 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.
PHONYSYS
Largest movements
- Cash +€149,555
up €149,555 (+66.2%), from €225,931 to €375,487
mainly Net result for the year (+€150,714) and Accrued charges and deferred income (+€45,767)
- Current investments +€82,734
up €82,734 (+23.8%), from €348,301 to €431,035
- Tangible fixed assets -€13,624
down €13,624 (-4.9%), from €279,927 to €266,302
of which Land and buildings: -€16,143
- Reserves +€150,714
up €150,714 (+57.0%), from €264,575 to €415,288
- Accrued charges and deferred income +€45,767
new in 2025: €45,767
- Tax, wage and social debts +€36,120
up €36,120 (+87.7%), from €41,184 to €77,303
of which Taxes: +€37,639
- Debts after one year -€15,782
down €15,782 (-8.5%), from €186,403 to €170,621
of which Financial debts: -€15,782
- Trade debts -€15,776
down €15,776 (-38.6%), from €40,913 to €25,137
- Gross operating margin +€95,268
up €95,268 (+66.9%), from €142,299 to €237,567
- Provisions +€45,000
no longer reported in 2025 (was -€45,000)
- Taxes +€13,158
up €13,158 (+25.3%), from €51,954 to €65,112
- Other operating charges -€7,188
down €7,188 (-52.4%), from €13,714 to €6,525
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.
Derived cash bridge
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 | €856,201 | €1,073,472 | +€217,271 | +25.4% |
| Fixed assets | 21/28 | €280,527 | €266,902 | -€13,624 | -4.9% |
| Tangible fixed assets | 22/27 | €279,927 | €266,302 | -€13,624 | -4.9% |
| Land and buildings | 22 | €272,691 | €256,548 | -€16,143 | -5.9% |
| Plant, machinery and equipment | 23 | €7,212 | €9,754 | +€2,542 | +35.2% |
| Furniture and vehicles | 24 | €23 | €0 | -€23 | -100% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €575,674 | €806,570 | +€230,896 | +40.1% |
| Amounts receivable within one year | 40/41 | €441 | - | -€441 | |
| Trade receivables | 40 | €411 | - | -€411 | |
| Other amounts receivable | 41 | €31 | - | -€31 | |
| Current investments | 50/53 | €348,301 | €431,035 | +€82,734 | +23.8% |
| Cash at bank and in hand | 54/58 | €225,931 | €375,487 | +€149,555 | +66.2% |
| Deferred charges and accrued income | 490/1 | €1,000 | €48 | -€952 | -95.2% |
| Total equity and liabilities | 10/49 | €856,201 | €1,073,472 | +€217,271 | +25.4% |
| Equity | 10/15 | €505,162 | €655,043 | +€149,881 | +29.7% |
| Contributions | 10/11 | €14,273 | €14,273 | = | 0.0% |
| Reserves | 13 | €264,575 | €415,288 | +€150,714 | +57.0% |
| Distributable reserves | 133 | €264,575 | €415,288 | +€150,714 | +57.0% |
| Profit (loss) carried forward | 14 | €226,315 | €225,482 | -€833 | -0.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €351,039 | €418,429 | +€67,391 | +19.2% |
| Amounts payable after more than one year | 17 | €186,403 | €170,621 | -€15,782 | -8.5% |
| Financial debts | 170/4 | €182,403 | €166,621 | -€15,782 | -8.7% |
| Other amounts payable | 178/9 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €164,635 | €202,041 | +€37,406 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €15,579 | €20,787 | +€5,209 | +33.4% |
| Financial debts | 43 | €3,830 | €3,824 | -€6 | -0.2% |
| Credit institutions | 430/8 | €3,830 | €3,824 | -€6 | -0.2% |
| Trade debts | 44 | €40,913 | €25,137 | -€15,776 | -38.6% |
| Suppliers | 440/4 | €40,913 | €25,137 | -€15,776 | -38.6% |
| Taxes, remuneration and social security | 45 | €41,184 | €77,303 | +€36,120 | +87.7% |
| Taxes | 450/3 | €38,045 | €75,683 | +€37,639 | +98.9% |
| Remuneration and social security | 454/9 | €3,139 | €1,620 | -€1,519 | -48.4% |
| Other amounts payable | 47/48 | €63,129 | €74,989 | +€11,860 | +18.8% |
| Accrued charges and deferred income | 492/3 | - | €45,767 | +€45,767 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,675 | €17,397 | +€1,721 | +11.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€45,000 | - | +€45,000 | |
| Other operating charges | 640/8 | €13,714 | €6,525 | -€7,188 | -52.4% |
| Gross operating margin | 9900 | €142,299 | €237,567 | +€95,268 | +66.9% |
| Operating profit (loss) | 9901 | €157,910 | €213,645 | +€55,735 | +35.3% |
| Financial income | 75/76B | €9,591 | €9,617 | +€26 | +0.3% |
| Recurring financial income | 75 | €9,591 | €9,617 | +€26 | +0.3% |
| Financial charges | 65/66B | €8,972 | €7,436 | -€1,536 | -17.1% |
| Recurring financial charges | 65 | €8,972 | €7,436 | -€1,536 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €158,529 | €215,826 | +€57,297 | +36.1% |
| Income taxes | 67/77 | €51,954 | €65,112 | +€13,158 | +25.3% |
| Profit (loss) for the period | 9904 | €106,575 | €150,714 | +€44,139 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €106,575 | €150,714 | +€44,139 | +41.4% |
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 22 October 2026 via checked.be.