PHUMIRAT: 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.
PHUMIRAT
Largest movements
- Tangible fixed assets -€49,613
down €49,613 (-21.1%), from €235,319 to €185,706
of which Plant, machinery and equipment: -€34,553
- Cash -€3,477
down €3,477 (-24.3%), from €14,289 to €10,813
mainly Debts after one year (-€37,055) and Net result for the year (-€29,081)
- Stocks and contracts -€3,134
down €3,134 (-21.0%), from €14,933 to €11,799
- Debts after one year -€37,055
down €37,055 (-12.4%), from €297,992 to €260,937
- Profit (loss) carried forward -€29,081
down €29,081 (-22.3%), from -€130,474 to -€159,555
- Other debts +€5,208
up €5,208 (+52.1%), from €10,000 to €15,208
- Tax, wage and social debts +€4,212
up €4,212 (+16.8%), from €25,049 to €29,260
of which Taxes: +€2,937
- Current portion of long-term debt -€3,613
down €3,613 (-16.4%), from €21,968 to €18,355
- Staff costs +€28,496
up €28,496 (+19.5%), from €146,212 to €174,708
- Depreciation -€11,824
down €11,824 (-19.3%), from €61,123 to €49,299
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 | €271,110 | €214,465 | -€56,645 | -20.9% |
| Fixed assets | 21/28 | €235,611 | €185,706 | -€49,905 | -21.2% |
| Intangible fixed assets | 21 | €291 | - | -€291 | |
| Tangible fixed assets | 22/27 | €235,319 | €185,706 | -€49,613 | -21.1% |
| Plant, machinery and equipment | 23 | €214,374 | €179,822 | -€34,553 | -16.1% |
| Furniture and vehicles | 24 | €20,945 | €5,884 | -€15,061 | -71.9% |
| Current assets | 29/58 | €35,499 | €28,759 | -€6,740 | -19.0% |
| Stocks and contracts in progress | 3 | €14,933 | €11,799 | -€3,134 | -21.0% |
| Stocks | 30/36 | €14,933 | €11,799 | -€3,134 | -21.0% |
| Amounts receivable within one year | 40/41 | €4,711 | €4,006 | -€704 | -15.0% |
| Trade receivables | 40 | €4,671 | €3,666 | -€1,005 | -21.5% |
| Other amounts receivable | 41 | €40 | €340 | +€300 | +751% |
| Cash at bank and in hand | 54/58 | €14,289 | €10,813 | -€3,477 | -24.3% |
| Deferred charges and accrued income | 490/1 | €1,566 | €2,141 | +€574 | +36.7% |
| Total equity and liabilities | 10/49 | €271,110 | €214,465 | -€56,645 | -20.9% |
| Equity | 10/15 | -€112,437 | -€141,518 | -€29,081 | -25.9% |
| Contributions | 10/11 | €18,037 | €18,037 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,474 | -€159,555 | -€29,081 | -22.3% |
| Amounts payable | 17/49 | €383,547 | €355,983 | -€27,564 | -7.2% |
| Amounts payable after more than one year | 17 | €297,992 | €260,937 | -€37,055 | -12.4% |
| Financial debts | 170/4 | €297,992 | €260,937 | -€37,055 | -12.4% |
| Amounts payable within one year | 42/48 | €85,496 | €93,771 | +€8,275 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €21,968 | €18,355 | -€3,613 | -16.4% |
| Trade debts | 44 | €28,480 | €30,947 | +€2,467 | +8.7% |
| Suppliers | 440/4 | €28,480 | €30,947 | +€2,467 | +8.7% |
| Taxes, remuneration and social security | 45 | €25,049 | €29,260 | +€4,212 | +16.8% |
| Taxes | 450/3 | €8,744 | €11,680 | +€2,937 | +33.6% |
| Remuneration and social security | 454/9 | €16,305 | €17,580 | +€1,275 | +7.8% |
| Other amounts payable | 47/48 | €10,000 | €15,208 | +€5,208 | +52.1% |
| Accrued charges and deferred income | 492/3 | €59 | €1,275 | +€1,216 | +2,076% |
| Remuneration, social security and pensions | 62 | €146,212 | €174,708 | +€28,496 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,123 | €49,299 | -€11,824 | -19.3% |
| Other operating charges | 640/8 | €1,445 | €2,307 | +€862 | +59.7% |
| Gross operating margin | 9900 | €201,695 | €203,010 | +€1,315 | +0.7% |
| Operating profit (loss) | 9901 | -€7,085 | -€23,304 | -€16,218 | -229% |
| Financial income | 75/76B | €48 | €10 | -€38 | -79.3% |
| Recurring financial income | 75 | €48 | €10 | -€38 | -79.3% |
| Financial charges | 65/66B | €6,297 | €5,445 | -€852 | -13.5% |
| Recurring financial charges | 65 | €6,297 | €5,445 | -€852 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,334 | -€28,739 | -€15,405 | -116% |
| Income taxes | 67/77 | €330 | €342 | +€12 | +3.6% |
| Profit (loss) for the period | 9904 | -€13,664 | -€29,081 | -€15,417 | -113% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,664 | -€29,081 | -€15,417 | -113% |
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 25 October 2026 via checked.be.