PHROMAC: 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.
PHROMAC
Largest movements
- Tangible fixed assets +€154,476
up €154,476 (+7367.0%), from €2,097 to €156,573
of which Furniture and vehicles: +€148,817
- Cash +€9,769
up €9,769 (+110.8%), from €8,820 to €18,589
mainly Debts after one year (+€149,795) and Depreciation (+€23,180)
- Receivables within one year -€2,554
down €2,554 (-22.3%), from €11,434 to €8,880
of which Trade receivables: -€5,157
- Debts after one year +€149,795
up €149,795, from €0 to €149,795
- Profit (loss) carried forward -€36,801
down €36,801 (-107.2%), from -€34,326 to -€71,126
- Current portion of long-term debt +€14,379
new in 2025: €14,379
- Other debts +€13,313
up €13,313 (+228.1%), from €5,836 to €19,150
- Tax, wage and social debts +€11,262
up €11,262 (+717.6%), from €1,569 to €12,831
- Gross operating margin -€29,475
down €29,475, from €21,444 to -€8,031
- Depreciation +€22,876
up €22,876 (+7514.9%), from €304 to €23,180
- Financial charges +€3,138
up €3,138 (+1037.4%), from €303 to €3,441
- Taxes -€1,467
down €1,467 (-62.0%), from €2,364 to €897
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 | €22,912 | €185,585 | +€162,672 | +710.0% |
| Fixed assets | 21/28 | €2,097 | €157,459 | +€155,362 | +7409.3% |
| Intangible fixed assets | 21 | - | €751 | +€751 | |
| Tangible fixed assets | 22/27 | €2,097 | €156,573 | +€154,476 | +7367.0% |
| Plant, machinery and equipment | 23 | - | €5,659 | +€5,659 | |
| Furniture and vehicles | 24 | €2,097 | €150,913 | +€148,817 | +7097.1% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €20,815 | €28,126 | +€7,310 | +35.1% |
| Amounts receivable within one year | 40/41 | €11,434 | €8,880 | -€2,554 | -22.3% |
| Trade receivables | 40 | €10,134 | €4,977 | -€5,157 | -50.9% |
| Other amounts receivable | 41 | €1,300 | €3,903 | +€2,603 | +200.2% |
| Cash at bank and in hand | 54/58 | €8,820 | €18,589 | +€9,769 | +110.8% |
| Deferred charges and accrued income | 490/1 | €561 | €657 | +€96 | +17.0% |
| Total equity and liabilities | 10/49 | €22,912 | €185,585 | +€162,672 | +710.0% |
| Equity | 10/15 | €12,174 | -€24,626 | -€36,801 | |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,326 | -€71,126 | -€36,801 | -107.2% |
| Amounts payable | 17/49 | €10,738 | €210,211 | +€199,473 | +1857.7% |
| Amounts payable after more than one year | 17 | €0 | €149,795 | +€149,795 | |
| Financial debts | 170/4 | €0 | €149,795 | +€149,795 | |
| Amounts payable within one year | 42/48 | €10,738 | €58,699 | +€47,961 | +446.7% |
| Current portion of amounts payable after more than one year | 42 | - | €14,379 | +€14,379 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,332 | €12,339 | +€9,007 | +270.3% |
| Suppliers | 440/4 | €3,332 | €12,339 | +€9,007 | +270.3% |
| Taxes, remuneration and social security | 45 | €1,569 | €12,831 | +€11,262 | +717.6% |
| Taxes | 450/3 | €1,569 | €12,831 | +€11,262 | +717.6% |
| Other amounts payable | 47/48 | €5,836 | €19,150 | +€13,313 | +228.1% |
| Accrued charges and deferred income | 492/3 | - | €1,717 | +€1,717 | |
| Remuneration, social security and pensions | 62 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304 | €23,180 | +€22,876 | +7514.9% |
| Other operating charges | 640/8 | €1,385 | €1,238 | -€148 | -10.6% |
| Gross operating margin | 9900 | €21,444 | -€8,031 | -€29,475 | |
| Operating profit (loss) | 9901 | €19,754 | -€32,468 | -€52,222 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +2510.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +2510.0% |
| Financial charges | 65/66B | €303 | €3,441 | +€3,138 | +1037.4% |
| Recurring financial charges | 65 | €303 | €3,441 | +€3,138 | +1037.4% |
| Profit (loss) for the period before taxes | 9903 | €19,452 | -€35,903 | -€55,355 | |
| Income taxes | 67/77 | €2,364 | €897 | -€1,467 | -62.0% |
| Profit (loss) for the period | 9904 | €17,088 | -€36,801 | -€53,888 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,088 | -€36,801 | -€53,888 |
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 3 October 2026 via checked.be.