PHYBELCO: 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.
PHYBELCO
Largest movements
- Cash +€593,662
up €593,662 (+66.1%), from €898,672 to €1.5m
mainly Other debts (+€760,239) and Net result for the year (+€756,954)
- Receivables within one year -€449,930
down €449,930 (-29.0%), from €1.6m to €1.1m
of which Trade receivables: -€455,169
- Tangible fixed assets +€399,179
up €399,179 (+460.8%), from €86,619 to €485,798
of which Land and buildings: +€311,273
- Other debts +€760,239
up €760,239 (+760.2%), from €100,000 to €860,239
- Profit (loss) carried forward -€608,033
down €608,033 (-57.5%), from €1.1m to €450,121
- Debts after one year +€251,421
up €251,421 (+1644.7%), from €15,287 to €266,708
- Tax, wage and social debts +€133,737
up €133,737 (+98.4%), from €135,960 to €269,696
of which Taxes: +€129,932
- Trade debts -€131,709
down €131,709 (-9.0%), from €1.5m to €1.3m
- Staff costs +€45,546
up €45,546 (+19.7%), from €230,932 to €276,478
- Gross operating margin -€42,389
down €42,389 (-2.8%), from €1.5m to €1.5m
- Taxes -€30,188
down €30,188 (-10.7%), from €283,058 to €252,871
- Other operating charges +€16,566
up €16,566 (+33.4%), from €49,641 to €66,207
- Depreciation +€15,902
up €15,902 (+18.6%), from €85,450 to €101,352
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 | €3,013,307 | €3,506,705 | +€493,398 | +16.4% |
| Fixed assets | 21/28 | €181,939 | €553,998 | +€372,059 | +204.5% |
| Intangible fixed assets | 21 | €91,955 | €65,435 | -€26,519 | -28.8% |
| Tangible fixed assets | 22/27 | €86,619 | €485,798 | +€399,179 | +460.8% |
| Land and buildings | 22 | - | €311,273 | +€311,273 | |
| Plant, machinery and equipment | 23 | €25,133 | €19,001 | -€6,132 | -24.4% |
| Furniture and vehicles | 24 | €61,486 | €155,523 | +€94,037 | +152.9% |
| Financial fixed assets | 28 | €3,365 | €2,765 | -€600 | -17.8% |
| Current assets | 29/58 | €2,831,369 | €2,952,707 | +€121,339 | +4.3% |
| Stocks and contracts in progress | 3 | €364,613 | €344,987 | -€19,626 | -5.4% |
| Stocks | 30/36 | €364,613 | €344,987 | -€19,626 | -5.4% |
| Amounts receivable within one year | 40/41 | €1,552,282 | €1,102,351 | -€449,930 | -29.0% |
| Trade receivables | 40 | €1,552,282 | €1,097,113 | -€455,169 | -29.3% |
| Other amounts receivable | 41 | - | €5,239 | +€5,239 | |
| Cash at bank and in hand | 54/58 | €898,672 | €1,492,334 | +€593,662 | +66.1% |
| Deferred charges and accrued income | 490/1 | €15,802 | €13,034 | -€2,768 | -17.5% |
| Total equity and liabilities | 10/49 | €3,013,307 | €3,506,705 | +€493,398 | +16.4% |
| Equity | 10/15 | €1,146,154 | €538,121 | -€608,033 | -53.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,058,154 | €450,121 | -€608,033 | -57.5% |
| Amounts payable | 17/49 | €1,867,154 | €2,968,584 | +€1.1m | +59.0% |
| Amounts payable after more than one year | 17 | €15,287 | €266,708 | +€251,421 | +1644.7% |
| Financial debts | 170/4 | €15,287 | €266,708 | +€251,421 | +1644.7% |
| Amounts payable within one year | 42/48 | €1,782,190 | €2,594,686 | +€812,496 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €79,512 | €129,741 | +€50,230 | +63.2% |
| Trade debts | 44 | €1,466,718 | €1,335,009 | -€131,709 | -9.0% |
| Suppliers | 440/4 | €1,466,718 | €1,335,009 | -€131,709 | -9.0% |
| Taxes, remuneration and social security | 45 | €135,960 | €269,696 | +€133,737 | +98.4% |
| Taxes | 450/3 | €96,375 | €226,308 | +€129,932 | +134.8% |
| Remuneration and social security | 454/9 | €39,584 | €43,389 | +€3,804 | +9.6% |
| Other amounts payable | 47/48 | €100,000 | €860,239 | +€760,239 | +760.2% |
| Accrued charges and deferred income | 492/3 | €69,677 | €107,190 | +€37,513 | +53.8% |
| Remuneration, social security and pensions | 62 | €230,932 | €276,478 | +€45,546 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,450 | €101,352 | +€15,902 | +18.6% |
| Other operating charges | 640/8 | €49,641 | €66,207 | +€16,566 | +33.4% |
| Gross operating margin | 9900 | €1,514,641 | €1,472,251 | -€42,389 | -2.8% |
| Operating profit (loss) | 9901 | €1,148,617 | €1,028,214 | -€120,404 | -10.5% |
| Financial income | 75/76B | €8,076 | €5,760 | -€2,316 | -28.7% |
| Recurring financial income | 75 | €8,076 | €5,752 | -€2,324 | -28.8% |
| Non-recurring financial income | 76B | - | €8 | +€8 | |
| Financial charges | 65/66B | €26,217 | €24,149 | -€2,068 | -7.9% |
| Recurring financial charges | 65 | €21,003 | €18,823 | -€2,179 | -10.4% |
| Non-recurring financial charges | 66B | €5,214 | €5,326 | +€111 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €1,130,476 | €1,009,825 | -€120,651 | -10.7% |
| Income taxes | 67/77 | €283,058 | €252,871 | -€30,188 | -10.7% |
| Profit (loss) for the period | 9904 | €847,418 | €756,954 | -€90,463 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €847,418 | €756,954 | -€90,463 | -10.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.