PHYLEAS: 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.
PHYLEAS
Largest movements
- Receivables within one year -€10,606
down €10,606 (-27.2%), from €39,007 to €28,401
of which Other amounts receivable: -€7,396
- Tangible fixed assets +€7,962
up €7,962 (+327.1%), from €2,434 to €10,396
of which Furniture and vehicles: +€8,620
- Cash -€4,282
down €4,282 (-8.3%), from €51,517 to €47,234
mainly Contributions, distributions and other (-€81,114) and Other debts (-€18,482)
- Other debts -€18,482
down €18,482 (-23.4%), from €78,824 to €60,341
- Tax, wage and social debts +€13,286
up €13,286 (+115.3%), from €11,522 to €24,808
of which Taxes: +€13,286
- Accrued charges and deferred income -€2,192
no longer reported in 2025 (was €2,192)
- Gross operating margin +€10,669
up €10,669 (+10.6%), from €100,278 to €110,947
- Depreciation +€3,927
up €3,927 (+245.0%), from €1,603 to €5,530
- Taxes +€2,545
up €2,545 (+12.3%), from €20,640 to €23,185
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 | €95,754 | €88,935 | -€6,819 | -7.1% |
| Fixed assets | 21/28 | €2,434 | €10,396 | +€7,962 | +327.1% |
| Tangible fixed assets | 22/27 | €2,434 | €10,396 | +€7,962 | +327.1% |
| Furniture and vehicles | 24 | €749 | €9,369 | +€8,620 | +1151.4% |
| Other tangible fixed assets | 26 | €1,685 | €1,027 | -€658 | -39.1% |
| Current assets | 29/58 | €93,320 | €78,539 | -€14,781 | -15.8% |
| Amounts receivable within one year | 40/41 | €39,007 | €28,401 | -€10,606 | -27.2% |
| Trade receivables | 40 | €31,611 | €28,401 | -€3,210 | -10.2% |
| Other amounts receivable | 41 | €7,396 | €0 | -€7,396 | -100.0% |
| Cash at bank and in hand | 54/58 | €51,517 | €47,234 | -€4,282 | -8.3% |
| Deferred charges and accrued income | 490/1 | €2,795 | €2,903 | +€108 | +3.9% |
| Total equity and liabilities | 10/49 | €95,754 | €88,935 | -€6,819 | -7.1% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,754 | €85,935 | -€6,819 | -7.4% |
| Amounts payable within one year | 42/48 | €90,561 | €85,935 | -€4,626 | -5.1% |
| Trade debts | 44 | €215 | €786 | +€571 | +265.4% |
| Suppliers | 440/4 | €215 | €786 | +€571 | +265.4% |
| Taxes, remuneration and social security | 45 | €11,522 | €24,808 | +€13,286 | +115.3% |
| Taxes | 450/3 | €11,522 | €24,808 | +€13,286 | +115.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €78,824 | €60,341 | -€18,482 | -23.4% |
| Accrued charges and deferred income | 492/3 | €2,192 | - | -€2,192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,603 | €5,530 | +€3,927 | +245.0% |
| Other operating charges | 640/8 | €914 | €939 | +€25 | +2.7% |
| Gross operating margin | 9900 | €100,278 | €110,947 | +€10,669 | +10.6% |
| Operating profit (loss) | 9901 | €97,761 | €104,478 | +€6,717 | +6.9% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Financial charges | 65/66B | €647 | €179 | -€468 | -72.4% |
| Recurring financial charges | 65 | €647 | €179 | -€468 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €97,114 | €104,299 | +€7,185 | +7.4% |
| Income taxes | 67/77 | €20,640 | €23,185 | +€2,545 | +12.3% |
| Profit (loss) for the period | 9904 | €76,474 | €81,114 | +€4,640 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,474 | €81,114 | +€4,640 | +6.1% |
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 4 October 2026 via checked.be.