PHUSYS INTERNATIONAL: what changed
What changed
PHUSYS INTERNATIONAL
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€12,805
2024 · €540+€12,266
Equity
€26,955
2024 · €14,150+€12,805
Cash
€20
2024 · €554-€534
Balance sheet total
€84,308
2024 · €71,535+€12,772
Largest movements
Assets
- Receivables within one year +€9,850
up €9,850 (+22.9%), from €43,064 to €52,914
- Deferred charges and accrued income +€3,456
up €3,456 (+27.0%), from €12,798 to €16,254
Equity and liabilities
- Profit (loss) carried forward +€12,805
up €12,805 (+16.9%), from -€75,851 to -€63,045
- Trade debts +€7,296
up €7,296 (+466%), from €1,565 to €8,860
- Other debts -€3,841
down €3,841 (-8.1%), from €47,346 to €43,505
- Tax, wage and social debts -€3,806
down €3,806 (-47.9%), from €7,948 to €4,142
Income statement
- Financial charges -€11,798
down €11,798 (-95.1%), from €12,403 to €605
- Depreciation -€737
no longer reported in 2025 (was €737)
- Other operating charges +€280
up €280 (+21.3%), from €1,315 to €1,595
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€540
Gross operating margin
+€143
Depreciation
+€737
Other operating charges
-€280
Financial income
-€125
Financial charges
+€11,798
Taxes
-€7
Result 2025
€12,805
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€852
Investment
€0
Financing
+€319
Cash 2024
€554
From operations (derived)
-€852
Net result for the year
+€12,805
Receivables within one year
-€9,850
Deferred charges and accrued income
-€3,456
Trade debts
+€7,296
Tax, wage and social debts
-€3,806
Other debts
-€3,841
Financing
+€319
Short-term financial debts
+€319
Cash 2025
€20
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,535 | €84,308 | +€12,772 | +17.9% |
| Fixed assets | 21/28 | €120 | €120 | = | 0.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €71,415 | €84,188 | +€12,772 | +17.9% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,064 | €52,914 | +€9,850 | +22.9% |
| Trade receivables | 40 | €43,064 | €52,914 | +€9,850 | +22.9% |
| Cash at bank and in hand | 54/58 | €554 | €20 | -€534 | -96.4% |
| Deferred charges and accrued income | 490/1 | €12,798 | €16,254 | +€3,456 | +27.0% |
| Total equity and liabilities | 10/49 | €71,535 | €84,308 | +€12,772 | +17.9% |
| Equity | 10/15 | €14,150 | €26,955 | +€12,805 | +90.5% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,851 | -€63,045 | +€12,805 | +16.9% |
| Amounts payable | 17/49 | €57,386 | €57,353 | -€33 | -0.1% |
| Amounts payable within one year | 42/48 | €57,386 | €57,353 | -€33 | -0.1% |
| Financial debts | 43 | €527 | €845 | +€319 | +60.5% |
| Credit institutions | 430/8 | €527 | €845 | +€319 | +60.5% |
| Trade debts | 44 | €1,565 | €8,860 | +€7,296 | +466% |
| Suppliers | 440/4 | €1,565 | €8,860 | +€7,296 | +466% |
| Taxes, remuneration and social security | 45 | €7,948 | €4,142 | -€3,806 | -47.9% |
| Taxes | 450/3 | €7,948 | €4,142 | -€3,806 | -47.9% |
| Other amounts payable | 47/48 | €47,346 | €43,505 | -€3,841 | -8.1% |
| Non-recurring operating income | 76A | €1,419 | - | -€1,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €737 | - | -€737 | |
| Other operating charges | 640/8 | €1,315 | €1,595 | +€280 | +21.3% |
| Gross operating margin | 9900 | €15,132 | €15,274 | +€143 | +0.9% |
| Operating profit (loss) | 9901 | €13,079 | €13,679 | +€601 | +4.6% |
| Financial income | 75/76B | €217 | €91 | -€125 | -57.9% |
| Recurring financial income | 75 | €217 | €91 | -€125 | -57.9% |
| Financial charges | 65/66B | €12,403 | €605 | -€11,798 | -95.1% |
| Recurring financial charges | 65 | €12,403 | €605 | -€11,798 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €892 | €13,166 | +€12,273 | +1,375% |
| Income taxes | 67/77 | €353 | €360 | +€7 | +2.1% |
| Profit (loss) for the period | 9904 | €540 | €12,805 | +€12,266 | +2,273% |
| Profit (loss) for the period to be appropriated | 9905 | €540 | €12,805 | +€12,266 | +2,273% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.