Phosphenes: what changed
Phosphenes
Largest movements
- Receivables within one year +€35,331
up €35,331 (+63.9%), from €55,316 to €90,647
of which Other amounts receivable: +€30,114
- Tangible fixed assets -€12,787
down €12,787 (-5.9%), from €216,342 to €203,555
of which Land and buildings: -€14,807
- Cash +€8,106
up €8,106 (+9.8%), from €82,700 to €90,807
mainly Net result for the year (+€68,249) and Depreciation (+€15,608)
- Profit (loss) carried forward +€68,249
up €68,249 (+65.4%), from €104,280 to €172,529
- Other debts -€29,969
down €29,969 (-100%), from €29,969 to €0
- Debts after one year -€13,044
down €13,044 (-9.3%), from €139,689 to €126,645
- Short-term financial debts +€3,913
up €3,913 (+536%), from €730 to €4,643
- Gross operating margin -€146,011
down €146,011 (-56.0%), from €260,822 to €114,810
- Staff costs -€106,579
down €106,579 (-92.4%), from €115,338 to €8,758
- Taxes -€9,293
down €9,293 (-34.2%), from €27,153 to €17,860
- Other operating charges -€2,677
down €2,677 (-50.2%), from €5,337 to €2,660
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,054 | €386,611 | +€30,557 | +8.6% |
| Fixed assets | 21/28 | €216,342 | €203,555 | -€12,787 | -5.9% |
| Tangible fixed assets | 22/27 | €216,342 | €203,555 | -€12,787 | -5.9% |
| Land and buildings | 22 | €213,651 | €198,844 | -€14,807 | -6.9% |
| Plant, machinery and equipment | 23 | €1,029 | €730 | -€299 | -29.1% |
| Furniture and vehicles | 24 | €1,662 | €3,981 | +€2,319 | +140% |
| Current assets | 29/58 | €139,712 | €183,056 | +€43,343 | +31.0% |
| Amounts receivable within one year | 40/41 | €55,316 | €90,647 | +€35,331 | +63.9% |
| Trade receivables | 40 | €34,661 | €39,878 | +€5,217 | +15.1% |
| Other amounts receivable | 41 | €20,656 | €50,769 | +€30,114 | +146% |
| Cash at bank and in hand | 54/58 | €82,700 | €90,807 | +€8,106 | +9.8% |
| Deferred charges and accrued income | 490/1 | €1,696 | €1,602 | -€94 | -5.5% |
| Total equity and liabilities | 10/49 | €356,054 | €386,611 | +€30,557 | +8.6% |
| Equity | 10/15 | €154,280 | €222,529 | +€68,249 | +44.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,280 | €172,529 | +€68,249 | +65.4% |
| Amounts payable | 17/49 | €201,774 | €164,082 | -€37,692 | -18.7% |
| Amounts payable after more than one year | 17 | €139,689 | €126,645 | -€13,044 | -9.3% |
| Financial debts | 170/4 | €139,689 | €126,645 | -€13,044 | -9.3% |
| Amounts payable within one year | 42/48 | €62,086 | €37,438 | -€24,648 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €12,922 | €13,044 | +€122 | +0.9% |
| Financial debts | 43 | €730 | €4,643 | +€3,913 | +536% |
| Credit institutions | 430/8 | €730 | €4,643 | +€3,913 | +536% |
| Trade debts | 44 | €1,791 | €4,530 | +€2,740 | +153% |
| Suppliers | 440/4 | €1,791 | €4,530 | +€2,740 | +153% |
| Taxes, remuneration and social security | 45 | €16,674 | €15,220 | -€1,453 | -8.7% |
| Taxes | 450/3 | €16,674 | €15,220 | -€1,453 | -8.7% |
| Other amounts payable | 47/48 | €29,969 | €0 | -€29,969 | -100% |
| Remuneration, social security and pensions | 62 | €115,338 | €8,758 | -€106,579 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,589 | €15,608 | +€19 | +0.1% |
| Other operating charges | 640/8 | €5,337 | €2,660 | -€2,677 | -50.2% |
| Gross operating margin | 9900 | €260,822 | €114,810 | -€146,011 | -56.0% |
| Operating profit (loss) | 9901 | €124,558 | €87,784 | -€36,774 | -29.5% |
| Financial income | 75/76B | €1,441 | €39 | -€1,402 | -97.3% |
| Recurring financial income | 75 | €1,441 | €39 | -€1,402 | -97.3% |
| Financial charges | 65/66B | €1,776 | €1,715 | -€61 | -3.4% |
| Recurring financial charges | 65 | €1,776 | €1,715 | -€61 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €124,223 | €86,108 | -€38,114 | -30.7% |
| Income taxes | 67/77 | €27,153 | €17,860 | -€9,293 | -34.2% |
| Profit (loss) for the period | 9904 | €97,070 | €68,249 | -€28,821 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,070 | €68,249 | -€28,821 | -29.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.