PHORE CONSULT: 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.
PHORE CONSULT
Largest movements
- Cash +€38,045
up €38,045 (+121.1%), from €31,415 to €69,460
mainly Net result for the year (+€29,239) and Other debts (+€23,816)
- Tangible fixed assets -€4,523
down €4,523 (-26.3%), from €17,210 to €12,686
of which Furniture and vehicles: -€3,066
- Receivables within one year -€3,323
down €3,323 (-8.5%), from €39,165 to €35,843
of which Trade receivables: -€2,256
- Other debts +€23,816
new in 2025: €23,816
- Reserves +€5,424
up €5,424 (+9.0%), from €60,168 to €65,591
- Tax, wage and social debts +€2,601
up €2,601 (+24.9%), from €10,427 to €13,028
- Trade debts -€2,437
down €2,437 (-34.5%), from €7,057 to €4,620
- Gross operating margin +€10,890
up €10,890 (+27.2%), from €40,077 to €50,967
- Depreciation -€5,014
down €5,014 (-45.1%), from €11,129 to €6,115
- Taxes +€4,002
up €4,002 (+37.2%), from €10,771 to €14,772
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 | €90,435 | €119,839 | +€29,403 | +32.5% |
| Fixed assets | 21/28 | €17,279 | €12,756 | -€4,523 | -26.2% |
| Tangible fixed assets | 22/27 | €17,210 | €12,686 | -€4,523 | -26.3% |
| Furniture and vehicles | 24 | €12,325 | €9,260 | -€3,066 | -24.9% |
| Other tangible fixed assets | 26 | €4,884 | €3,427 | -€1,458 | -29.8% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €73,156 | €107,083 | +€33,927 | +46.4% |
| Amounts receivable within one year | 40/41 | €39,165 | €35,843 | -€3,323 | -8.5% |
| Trade receivables | 40 | €36,279 | €34,023 | -€2,256 | -6.2% |
| Other amounts receivable | 41 | €2,886 | €1,820 | -€1,066 | -36.9% |
| Cash at bank and in hand | 54/58 | €31,415 | €69,460 | +€38,045 | +121.1% |
| Deferred charges and accrued income | 490/1 | €2,576 | €1,780 | -€796 | -30.9% |
| Total equity and liabilities | 10/49 | €90,435 | €119,839 | +€29,403 | +32.5% |
| Equity | 10/15 | €72,951 | €78,375 | +€5,424 | +7.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €60,168 | €65,591 | +€5,424 | +9.0% |
| Distributable reserves | 133 | €60,168 | €65,591 | +€5,424 | +9.0% |
| Profit (loss) carried forward | 14 | €383 | €383 | = | 0.0% |
| Amounts payable | 17/49 | €17,484 | €41,464 | +€23,980 | +137.1% |
| Amounts payable within one year | 42/48 | €17,484 | €41,464 | +€23,980 | +137.1% |
| Trade debts | 44 | €7,057 | €4,620 | -€2,437 | -34.5% |
| Suppliers | 440/4 | €7,057 | €4,620 | -€2,437 | -34.5% |
| Taxes, remuneration and social security | 45 | €10,427 | €13,028 | +€2,601 | +24.9% |
| Taxes | 450/3 | €10,427 | €13,028 | +€2,601 | +24.9% |
| Other amounts payable | 47/48 | - | €23,816 | +€23,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,129 | €6,115 | -€5,014 | -45.1% |
| Other operating charges | 640/8 | €631 | €525 | -€106 | -16.8% |
| Non-recurring operating charges | 66A | €395 | €335 | -€61 | -15.3% |
| Gross operating margin | 9900 | €40,077 | €50,967 | +€10,890 | +27.2% |
| Operating profit (loss) | 9901 | €27,922 | €43,992 | +€16,070 | +57.6% |
| Financial income | 75/76B | €117 | €100 | -€16 | -14.1% |
| Recurring financial income | 75 | €117 | €100 | -€16 | -14.1% |
| Financial charges | 65/66B | €58 | €80 | +€22 | +37.8% |
| Recurring financial charges | 65 | €58 | €80 | +€22 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €27,980 | €44,012 | +€16,032 | +57.3% |
| Income taxes | 67/77 | €10,771 | €14,772 | +€4,002 | +37.2% |
| Profit (loss) for the period | 9904 | €17,210 | €29,239 | +€12,030 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,210 | €29,239 | +€12,030 | +69.9% |
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 8 October 2026 via checked.be.