PhunQ: 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.
PhunQ
Largest movements
- Receivables within one year +€73,596
up €73,596 (+10.7%), from €690,708 to €764,305
of which Other amounts receivable: +€73,974
- Debts after one year -€889,474
down €889,474 (-31.4%), from €2.8m to €1.9m
- Other debts +€869,595
up €869,595 (+31.7%), from €2.7m to €3.6m
- Reserves +€153,218
up €153,218 (+24.6%), from €622,071 to €775,289
- Current portion of long-term debt -€75,911
down €75,911 (-21.2%), from €358,594 to €282,683
- Financial charges -€557,949
down €557,949 (-79.4%), from €702,868 to €144,919
of which Non-recurring financial charges: -€440,000
- Financial income -€477,021
down €477,021 (-97.1%), from €491,099 to €14,078
- Gross operating margin +€276,772
up €276,772 (+376%), from €73,585 to €350,357
- Write-downs -€4,135
down €4,135 (-100%), from €4,135 to €0
- Staff costs -€3,763
down €3,763 (-5.4%), from €69,972 to €66,210
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 | €6,826,604 | €6,944,052 | +€117,448 | +1.7% |
| Fixed assets | 21/28 | €6,115,000 | €6,115,000 | = | 0.0% |
| Financial fixed assets | 28 | €6,115,000 | €6,115,000 | = | 0.0% |
| Current assets | 29/58 | €711,604 | €829,052 | +€117,448 | +16.5% |
| Amounts receivable within one year | 40/41 | €690,708 | €764,305 | +€73,596 | +10.7% |
| Trade receivables | 40 | €378 | €0 | -€378 | -100% |
| Other amounts receivable | 41 | €690,331 | €764,305 | +€73,974 | +10.7% |
| Cash at bank and in hand | 54/58 | €20,778 | €64,312 | +€43,535 | +210% |
| Deferred charges and accrued income | 490/1 | €118 | €435 | +€316 | +267% |
| Total equity and liabilities | 10/49 | €6,826,604 | €6,944,052 | +€117,448 | +1.7% |
| Equity | 10/15 | €877,010 | €1,030,228 | +€153,218 | +17.5% |
| Contributions | 10/11 | €254,939 | €254,939 | = | 0.0% |
| Reserves | 13 | €622,071 | €775,289 | +€153,218 | +24.6% |
| Distributable reserves | 133 | €622,071 | €775,289 | +€153,218 | +24.6% |
| Amounts payable | 17/49 | €5,949,594 | €5,913,824 | -€35,770 | -0.6% |
| Amounts payable after more than one year | 17 | €2,829,826 | €1,940,352 | -€889,474 | -31.4% |
| Financial debts | 170/4 | €2,829,826 | €1,940,352 | -€889,474 | -31.4% |
| Amounts payable within one year | 42/48 | €3,119,768 | €3,944,806 | +€825,038 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €358,594 | €282,683 | -€75,911 | -21.2% |
| Trade debts | 44 | €7,890 | €35,580 | +€27,690 | +351% |
| Suppliers | 440/4 | €7,890 | €35,580 | +€27,690 | +351% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €9,981 | €13,646 | +€3,665 | +36.7% |
| Taxes | 450/3 | €8 | €4,692 | +€4,685 | +62,466% |
| Remuneration and social security | 454/9 | €9,973 | €8,953 | -€1,020 | -10.2% |
| Other amounts payable | 47/48 | €2,743,303 | €3,612,898 | +€869,595 | +31.7% |
| Accrued charges and deferred income | 492/3 | €0 | €28,666 | +€28,666 | |
| Remuneration, social security and pensions | 62 | €69,972 | €66,210 | -€3,763 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,135 | €0 | -€4,135 | -100% |
| Other operating charges | 640/8 | €106 | €89 | -€16 | -15.4% |
| Gross operating margin | 9900 | €73,585 | €350,357 | +€276,772 | +376% |
| Operating profit (loss) | 9901 | -€628 | €284,058 | +€284,686 | |
| Financial income | 75/76B | €491,099 | €14,078 | -€477,021 | -97.1% |
| Recurring financial income | 75 | €491,099 | €14,078 | -€477,021 | -97.1% |
| Financial charges | 65/66B | €702,868 | €144,919 | -€557,949 | -79.4% |
| Recurring financial charges | 65 | €262,868 | €144,919 | -€117,949 | -44.9% |
| Non-recurring financial charges | 66B | €440,000 | €0 | -€440,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€212,397 | €153,218 | +€365,615 | |
| Profit (loss) for the period | 9904 | -€212,397 | €153,218 | +€365,615 | |
| Profit (loss) for the period to be appropriated | 9905 | -€212,397 | €153,218 | +€365,615 |
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.