Phronesis LHMI: what changed
Two financial 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.
Phronesis LHMI
Largest movements
- Cash +€176,981
up €176,981 (+71.9%), from €246,157 to €423,137
mainly Net result for the year (+€152,201) and Provisions (+€30,707)
- Receivables within one year +€9,405
new in 2025: €9,405
of which Other amounts receivable: +€8,383
- Tangible fixed assets -€4,583
down €4,583 (-32.9%), from €13,916 to €9,333
- Profit (loss) carried forward +€152,201
up €152,201 (+64.2%), from €237,164 to €389,364
- Provisions +€30,707
new in 2025: €30,707
- Trade debts -€6,721
down €6,721 (-94.1%), from €7,145 to €424
- Other debts +€5,529
up €5,529 (+41.4%), from €13,370 to €18,900
- Gross operating margin +€147,222
up €147,222 (+98.1%), from €150,042 to €297,264
- Financial charges +€41,177
up €41,177 (+7,089%), from €581 to €41,758
- Taxes +€35,868
up €35,868 (+112%), from €32,075 to €67,943
- Provisions +€30,707
new in 2025: €30,707
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.
Derived cash bridge
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 | €260,436 | €441,876 | +€181,439 | +69.7% |
| Fixed assets | 21/28 | €13,916 | €9,333 | -€4,583 | -32.9% |
| Tangible fixed assets | 22/27 | €13,916 | €9,333 | -€4,583 | -32.9% |
| Furniture and vehicles | 24 | €13,916 | €9,333 | -€4,583 | -32.9% |
| Current assets | 29/58 | €246,520 | €432,543 | +€186,022 | +75.5% |
| Amounts receivable within one year | 40/41 | - | €9,405 | +€9,405 | |
| Trade receivables | 40 | - | €1,022 | +€1,022 | |
| Other amounts receivable | 41 | - | €8,383 | +€8,383 | |
| Cash at bank and in hand | 54/58 | €246,157 | €423,137 | +€176,981 | +71.9% |
| Deferred charges and accrued income | 490/1 | €364 | - | -€364 | |
| Total equity and liabilities | 10/49 | €260,436 | €441,876 | +€181,439 | +69.7% |
| Equity | 10/15 | €239,164 | €391,364 | +€152,201 | +63.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €237,164 | €389,364 | +€152,201 | +64.2% |
| Provisions and deferred taxes | 16 | - | €30,707 | +€30,707 | |
| Provisions for liabilities and charges | 160/5 | - | €30,707 | +€30,707 | |
| Pensions and similar obligations | 160 | - | €30,707 | +€30,707 | |
| Amounts payable | 17/49 | €21,272 | €19,804 | -€1,468 | -6.9% |
| Amounts payable within one year | 42/48 | €21,272 | €19,804 | -€1,468 | -6.9% |
| Trade debts | 44 | €7,145 | €424 | -€6,721 | -94.1% |
| Suppliers | 440/4 | €7,145 | €424 | -€6,721 | -94.1% |
| Taxes, remuneration and social security | 45 | €757 | €481 | -€276 | -36.5% |
| Taxes | 450/3 | €757 | €481 | -€276 | -36.5% |
| Other amounts payable | 47/48 | €13,370 | €18,900 | +€5,529 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,029 | €4,583 | +€1,554 | +51.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €30,707 | +€30,707 | |
| Other operating charges | 640/8 | €146 | €73 | -€73 | -49.9% |
| Gross operating margin | 9900 | €150,042 | €297,264 | +€147,222 | +98.1% |
| Operating profit (loss) | 9901 | €146,867 | €261,901 | +€115,034 | +78.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €581 | €41,758 | +€41,177 | +7,089% |
| Recurring financial charges | 65 | €581 | €41,758 | +€41,177 | +7,089% |
| Profit (loss) for the period before taxes | 9903 | €146,287 | €220,144 | +€73,857 | +50.5% |
| Income taxes | 67/77 | €32,075 | €67,943 | +€35,868 | +112% |
| Profit (loss) for the period | 9904 | €114,212 | €152,201 | +€37,989 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €114,212 | €152,201 | +€37,989 | +33.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.