PHOPHO: 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.
PHOPHO
Largest movements
- Tangible fixed assets +€4,663
up €4,663 (+124.1%), from €3,758 to €8,421
of which Plant, machinery and equipment: +€6,209
- Cash +€967
up €967 (+4.9%), from €19,675 to €20,643
mainly Other debts (+€8,177) and Depreciation (+€1,837)
- Receivables within one year +€650
up €650 (+28.6%), from €2,269 to €2,919
- Other debts +€8,177
up €8,177 (+35.5%), from €23,056 to €31,233
- Profit (loss) carried forward -€2,145
down €2,145 (-6.3%), from -€33,855 to -€36,000
- Trade debts +€1,372
up €1,372 (+24.5%), from €5,591 to €6,963
- Tax, wage and social debts -€1,144
down €1,144 (-55.6%), from €2,057 to €913
- Gross operating margin -€5,267
down €5,267 (-63.8%), from €8,261 to €2,993
- Depreciation +€1,030
up €1,030 (+127.8%), from €806 to €1,837
- Other operating charges +€885
up €885 (+39.5%), from €2,238 to €3,123
- Financial charges -€163
down €163 (-47.7%), from €342 to €179
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 | €26,312 | €32,571 | +€6,260 | +23.8% |
| Fixed assets | 21/28 | €4,089 | €8,752 | +€4,663 | +114.0% |
| Tangible fixed assets | 22/27 | €3,758 | €8,421 | +€4,663 | +124.1% |
| Plant, machinery and equipment | 23 | - | €6,209 | +€6,209 | |
| Furniture and vehicles | 24 | €3,758 | €2,212 | -€1,546 | -41.1% |
| Financial fixed assets | 28 | €332 | €332 | = | 0.0% |
| Current assets | 29/58 | €22,222 | €23,819 | +€1,597 | +7.2% |
| Stocks and contracts in progress | 3 | €278 | €257 | -€20 | -7.4% |
| Stocks | 30/36 | €278 | €257 | -€20 | -7.4% |
| Amounts receivable within one year | 40/41 | €2,269 | €2,919 | +€650 | +28.6% |
| Trade receivables | 40 | €2,269 | €2,919 | +€650 | +28.6% |
| Cash at bank and in hand | 54/58 | €19,675 | €20,643 | +€967 | +4.9% |
| Total equity and liabilities | 10/49 | €26,312 | €32,571 | +€6,260 | +23.8% |
| Equity | 10/15 | -€4,393 | -€6,538 | -€2,145 | -48.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €10,912 | €10,912 | = | 0.0% |
| Non-distributable reserves | 130/1 | €807 | €807 | = | 0.0% |
| Legal reserve | 130 | €807 | - | -€807 | |
| Reserves not available under the articles | 1311 | - | €807 | +€807 | |
| Distributable reserves | 133 | €10,105 | €10,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,855 | -€36,000 | -€2,145 | -6.3% |
| Amounts payable | 17/49 | €30,704 | €39,109 | +€8,405 | +27.4% |
| Amounts payable within one year | 42/48 | €30,704 | €39,109 | +€8,405 | +27.4% |
| Trade debts | 44 | €5,591 | €6,963 | +€1,372 | +24.5% |
| Suppliers | 440/4 | €5,591 | €6,963 | +€1,372 | +24.5% |
| Taxes, remuneration and social security | 45 | €2,057 | €913 | -€1,144 | -55.6% |
| Taxes | 450/3 | €2,057 | €913 | -€1,144 | -55.6% |
| Other amounts payable | 47/48 | €23,056 | €31,233 | +€8,177 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €806 | €1,837 | +€1,030 | +127.8% |
| Other operating charges | 640/8 | €2,238 | €3,123 | +€885 | +39.5% |
| Gross operating margin | 9900 | €8,261 | €2,993 | -€5,267 | -63.8% |
| Operating profit (loss) | 9901 | €5,217 | -€1,966 | -€7,183 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €342 | €179 | -€163 | -47.7% |
| Recurring financial charges | 65 | €342 | €179 | -€163 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €4,874 | -€2,145 | -€7,019 | |
| Profit (loss) for the period | 9904 | €4,874 | -€2,145 | -€7,019 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,874 | -€2,145 | -€7,019 |
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 1 October 2026 via checked.be.