PHRASIM: 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.
PHRASIM
Largest movements
- Receivables within one year +€7,299
new in 2025: €7,299
of which Other amounts receivable: +€7,252
- Cash +€2,213
up €2,213 (+3.4%), from €64,425 to €66,638
mainly Net result for the year (+€9,876) and Other debts (+€2,885)
- Profit (loss) carried forward +€9,685
up €9,685, from -€6,060 to €3,625
- Other debts +€2,885
up €2,885 (+403.6%), from €715 to €3,600
- Tax, wage and social debts -€2,855
down €2,855 (-44.3%), from €6,450 to €3,595
- Gross operating margin +€7,120
up €7,120 (+56.7%), from €12,553 to €19,674
- Other operating charges -€4,093
down €4,093 (-40.2%), from €10,171 to €6,077
- Taxes +€2,878
up €2,878 (+401.1%), from €717 to €3,595
- Depreciation -€387
no longer reported in 2025 (was €387)
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 | €184,975 | €194,487 | +€9,511 | +5.1% |
| Fixed assets | 21/28 | €120,550 | €120,550 | = | 0.0% |
| Tangible fixed assets | 22/27 | €120,550 | €120,550 | = | 0.0% |
| Land and buildings | 22 | €120,550 | €120,550 | = | 0.0% |
| Current assets | 29/58 | €64,425 | €73,936 | +€9,511 | +14.8% |
| Amounts receivable within one year | 40/41 | - | €7,299 | +€7,299 | |
| Trade receivables | 40 | - | €47 | +€47 | |
| Other amounts receivable | 41 | - | €7,252 | +€7,252 | |
| Cash at bank and in hand | 54/58 | €64,425 | €66,638 | +€2,213 | +3.4% |
| Total equity and liabilities | 10/49 | €184,975 | €194,487 | +€9,511 | +5.1% |
| Equity | 10/15 | €176,911 | €186,787 | +€9,876 | +5.6% |
| Contributions | 10/11 | €182,971 | €182,971 | = | 0.0% |
| Capital | 10 | €182,971 | €182,971 | = | 0.0% |
| Issued capital | 100 | €182,971 | €182,971 | = | 0.0% |
| Reserves | 13 | - | €191 | +€191 | |
| Non-distributable reserves | 130/1 | - | €191 | +€191 | |
| Legal reserve | 130 | - | €191 | +€191 | |
| Profit (loss) carried forward | 14 | -€6,060 | €3,625 | +€9,685 | |
| Amounts payable | 17/49 | €8,064 | €7,700 | -€364 | -4.5% |
| Amounts payable within one year | 42/48 | €8,064 | €7,700 | -€364 | -4.5% |
| Trade debts | 44 | €899 | €505 | -€394 | -43.8% |
| Suppliers | 440/4 | €899 | €505 | -€394 | -43.8% |
| Taxes, remuneration and social security | 45 | €6,450 | €3,595 | -€2,855 | -44.3% |
| Taxes | 450/3 | €6,450 | €3,595 | -€2,855 | -44.3% |
| Other amounts payable | 47/48 | €715 | €3,600 | +€2,885 | +403.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | - | -€387 | |
| Other operating charges | 640/8 | €10,171 | €6,077 | -€4,093 | -40.2% |
| Gross operating margin | 9900 | €12,553 | €19,674 | +€7,120 | +56.7% |
| Operating profit (loss) | 9901 | €1,996 | €13,596 | +€11,601 | +581.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €104 | €126 | +€21 | +20.5% |
| Recurring financial charges | 65 | €104 | €126 | +€21 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €1,891 | €13,471 | +€11,579 | +612.2% |
| Income taxes | 67/77 | €717 | €3,595 | +€2,878 | +401.1% |
| Profit (loss) for the period | 9904 | €1,174 | €9,876 | +€8,701 | +741.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,174 | €9,876 | +€8,701 | +741.1% |
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 28 September 2026 via checked.be.