PHYMAC: 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.
PHYMAC
Largest movements
- Current investments +€75,000
up €75,000 (+37.5%), from €200,000 to €275,000
- Receivables within one year -€27,638
down €27,638 (-88.2%), from €31,337 to €3,699
of which Trade receivables: -€17,061
- Cash -€22,762
down €22,762 (-55.3%), from €41,151 to €18,389
mainly Current investments (-€75,000) and Tax, wage and social debts (-€9,589)
- Tangible fixed assets -€3,335
down €3,335 (-24.6%), from €13,533 to €10,197
of which Other tangible fixed assets: -€3,733
- Reserves +€34,537
up €34,537 (+13.7%), from €251,865 to €286,401
- Tax, wage and social debts -€9,589
down €9,589 (-66.7%), from €14,372 to €4,783
of which Taxes: -€7,789
- Gross operating margin -€86,664
down €86,664 (-60.5%), from €143,362 to €56,698
- Taxes -€22,234
down €22,234 (-56.6%), from €39,307 to €17,073
- Financial charges -€11,171
down €11,171 (-95.9%), from €11,649 to €478
- Financial income +€2,568
up €2,568 (+217.5%), from €1,181 to €3,749
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 | €286,021 | €307,285 | +€21,264 | +7.4% |
| Fixed assets | 21/28 | €13,533 | €10,197 | -€3,335 | -24.6% |
| Tangible fixed assets | 22/27 | €13,533 | €10,197 | -€3,335 | -24.6% |
| Land and buildings | 22 | €1,112 | €953 | -€159 | -14.3% |
| Plant, machinery and equipment | 23 | - | €2,068 | +€2,068 | |
| Furniture and vehicles | 24 | €4,955 | €3,444 | -€1,511 | -30.5% |
| Other tangible fixed assets | 26 | €7,466 | €3,733 | -€3,733 | -50.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €272,488 | €297,088 | +€24,600 | +9.0% |
| Amounts receivable within one year | 40/41 | €31,337 | €3,699 | -€27,638 | -88.2% |
| Trade receivables | 40 | €17,061 | €0 | -€17,061 | -100.0% |
| Other amounts receivable | 41 | €14,276 | €3,699 | -€10,577 | -74.1% |
| Current investments | 50/53 | €200,000 | €275,000 | +€75,000 | +37.5% |
| Cash at bank and in hand | 54/58 | €41,151 | €18,389 | -€22,762 | -55.3% |
| Total equity and liabilities | 10/49 | €286,021 | €307,285 | +€21,264 | +7.4% |
| Equity | 10/15 | €258,065 | €292,601 | +€34,537 | +13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €251,865 | €286,401 | +€34,537 | +13.7% |
| Distributable reserves | 133 | €251,865 | €286,401 | +€34,537 | +13.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,956 | €14,684 | -€13,272 | -47.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €25,449 | €14,684 | -€10,765 | -42.3% |
| Trade debts | 44 | €10,077 | €8,902 | -€1,176 | -11.7% |
| Suppliers | 440/4 | €10,077 | €8,902 | -€1,176 | -11.7% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,372 | €4,783 | -€9,589 | -66.7% |
| Taxes | 450/3 | €12,572 | €4,783 | -€7,789 | -62.0% |
| Remuneration and social security | 454/9 | €1,800 | €0 | -€1,800 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,507 | €0 | -€2,507 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,226 | €5,687 | +€461 | +8.8% |
| Other operating charges | 640/8 | €1,538 | €2,672 | +€1,134 | +73.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €143,362 | €56,698 | -€86,664 | -60.5% |
| Operating profit (loss) | 9901 | €136,598 | €48,339 | -€88,259 | -64.6% |
| Financial income | 75/76B | €1,181 | €3,749 | +€2,568 | +217.5% |
| Recurring financial income | 75 | €1,181 | €3,749 | +€2,568 | +217.5% |
| Financial charges | 65/66B | €11,649 | €478 | -€11,171 | -95.9% |
| Recurring financial charges | 65 | €11,649 | €478 | -€11,171 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | €126,130 | €51,610 | -€74,520 | -59.1% |
| Income taxes | 67/77 | €39,307 | €17,073 | -€22,234 | -56.6% |
| Profit (loss) for the period | 9904 | €86,823 | €34,537 | -€52,287 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,823 | €34,537 | -€52,287 | -60.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.