PHREATIS: 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.
PHREATIS
Largest movements
- Cash +€69,264
up €69,264 (+1454.8%), from €4,761 to €74,025
mainly Net result for the year (+€56,300) and Receivables within one year (+€16,091)
- Receivables within one year -€16,091
no longer reported in 2025 (was €16,091)
- Tangible fixed assets +€7,408
up €7,408 (+43.8%), from €16,919 to €24,327
of which Furniture and vehicles: +€8,408
- Profit (loss) carried forward +€55,467
up €55,467 (+188.3%), from €29,450 to €84,917
- Trade debts +€4,004
up €4,004 (+177.2%), from €2,260 to €6,263
- Tax, wage and social debts +€1,411
up €1,411 (+28.7%), from €4,920 to €6,332
of which Taxes: +€2,111
- Gross operating margin +€37,860
up €37,860 (+92.5%), from €40,933 to €78,792
- Taxes +€7,189
up €7,189 (+83.5%), from €8,606 to €15,795
- Depreciation +€3,972
up €3,972 (+228.5%), from €1,738 to €5,710
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 | €39,060 | €99,887 | +€60,827 | +155.7% |
| Fixed assets | 21/28 | €16,919 | €24,327 | +€7,408 | +43.8% |
| Tangible fixed assets | 22/27 | €16,919 | €24,327 | +€7,408 | +43.8% |
| Plant, machinery and equipment | 23 | €9,417 | €8,417 | -€1,000 | -10.6% |
| Furniture and vehicles | 24 | €7,502 | €15,910 | +€8,408 | +112.1% |
| Current assets | 29/58 | €22,141 | €75,561 | +€53,420 | +241.3% |
| Amounts receivable within one year | 40/41 | €16,091 | - | -€16,091 | |
| Trade receivables | 40 | €16,091 | - | -€16,091 | |
| Cash at bank and in hand | 54/58 | €4,761 | €74,025 | +€69,264 | +1454.8% |
| Deferred charges and accrued income | 490/1 | €1,289 | €1,536 | +€247 | +19.1% |
| Total equity and liabilities | 10/49 | €39,060 | €99,887 | +€60,827 | +155.7% |
| Equity | 10/15 | €29,950 | €85,417 | +€55,467 | +185.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,450 | €84,917 | +€55,467 | +188.3% |
| Amounts payable | 17/49 | €9,110 | €14,471 | +€5,361 | +58.8% |
| Amounts payable within one year | 42/48 | €9,110 | €14,322 | +€5,212 | +57.2% |
| Trade debts | 44 | €2,260 | €6,263 | +€4,004 | +177.2% |
| Suppliers | 440/4 | €2,260 | €6,263 | +€4,004 | +177.2% |
| Taxes, remuneration and social security | 45 | €4,920 | €6,332 | +€1,411 | +28.7% |
| Taxes | 450/3 | €4,220 | €6,332 | +€2,111 | +50.0% |
| Remuneration and social security | 454/9 | €700 | - | -€700 | |
| Other amounts payable | 47/48 | €1,930 | €1,727 | -€203 | -10.5% |
| Accrued charges and deferred income | 492/3 | - | €149 | +€149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,738 | €5,710 | +€3,972 | +228.5% |
| Other operating charges | 640/8 | €222 | €878 | +€656 | +295.3% |
| Gross operating margin | 9900 | €40,933 | €78,792 | +€37,860 | +92.5% |
| Operating profit (loss) | 9901 | €38,972 | €72,204 | +€33,232 | +85.3% |
| Financial charges | 65/66B | €58 | €110 | +€52 | +90.5% |
| Recurring financial charges | 65 | €58 | €110 | +€52 | +90.5% |
| Profit (loss) for the period before taxes | 9903 | €38,915 | €72,094 | +€33,180 | +85.3% |
| Income taxes | 67/77 | €8,606 | €15,795 | +€7,189 | +83.5% |
| Profit (loss) for the period | 9904 | €30,309 | €56,300 | +€25,991 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,309 | €56,300 | +€25,991 | +85.8% |
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 7 October 2026 via checked.be.