PHYOS: 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.
PHYOS
Largest movements
- Stocks and contracts -€70,750
down €70,750 (-6.3%), from €1.1m to €1.1m
- Tangible fixed assets -€60,122
down €60,122 (-14.8%), from €406,043 to €345,921
of which Furniture and vehicles: -€33,512
- Receivables within one year -€32,624
down €32,624 (-58.6%), from €55,697 to €23,073
of which Trade receivables: -€21,697
- Debts after one year -€153,868
down €153,868 (-29.9%), from €514,506 to €360,638
- Short-term financial debts -€132,300
down €132,300 (-19.5%), from €677,600 to €545,300
- Current portion of long-term debt +€129,193
up €129,193 (+161.1%), from €80,191 to €209,384
- Trade debts +€87,072
up €87,072 (+1166.1%), from €7,467 to €94,539
- Other debts -€36,567
down €36,567 (-22.9%), from €160,000 to €123,433
- Gross operating margin +€61,511
up €61,511 (+244.1%), from €25,195 to €86,706
- Financial charges +€28,903
up €28,903 (+56.2%), from €51,435 to €80,338
- Depreciation -€19,232
down €19,232 (-40.7%), from €47,310 to €28,078
- Other operating charges +€1,713
up €1,713 (+44.3%), from €3,863 to €5,576
- Financial income -€973
down €973 (-92.2%), from €1,055 to €82
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,591,130 | €1,430,260 | -€160,870 | -10.1% |
| Fixed assets | 21/28 | €406,043 | €345,921 | -€60,122 | -14.8% |
| Tangible fixed assets | 22/27 | €406,043 | €345,921 | -€60,122 | -14.8% |
| Land and buildings | 22 | €153,683 | €141,663 | -€12,020 | -7.8% |
| Furniture and vehicles | 24 | €33,512 | - | -€33,512 | |
| Leasing and similar rights | 25 | €218,848 | €204,258 | -€14,590 | -6.7% |
| Current assets | 29/58 | €1,185,087 | €1,084,339 | -€100,748 | -8.5% |
| Stocks and contracts in progress | 3 | €1,128,583 | €1,057,833 | -€70,750 | -6.3% |
| Stocks | 30/36 | €1,128,583 | €1,057,833 | -€70,750 | -6.3% |
| Amounts receivable within one year | 40/41 | €55,697 | €23,073 | -€32,624 | -58.6% |
| Trade receivables | 40 | €21,697 | - | -€21,697 | |
| Other amounts receivable | 41 | €34,000 | €23,073 | -€10,927 | -32.1% |
| Cash at bank and in hand | 54/58 | €807 | €407 | -€400 | -49.6% |
| Deferred charges and accrued income | 490/1 | - | €3,026 | +€3,026 | |
| Total equity and liabilities | 10/49 | €1,591,130 | €1,430,260 | -€160,870 | -10.1% |
| Equity | 10/15 | €123,871 | €89,925 | -€33,946 | -27.4% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €160,043 | €151,860 | -€8,183 | -5.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,183 | - | -€8,183 | |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,872 | -€74,635 | -€25,763 | -52.7% |
| Provisions and deferred taxes | 16 | €2,046 | - | -€2,046 | |
| Deferred taxes | 168 | €2,046 | - | -€2,046 | |
| Amounts payable | 17/49 | €1,465,213 | €1,340,335 | -€124,878 | -8.5% |
| Amounts payable after more than one year | 17 | €514,506 | €360,638 | -€153,868 | -29.9% |
| Financial debts | 170/4 | €514,506 | €360,638 | -€153,868 | -29.9% |
| Amounts payable within one year | 42/48 | €936,182 | €973,069 | +€36,887 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €80,191 | €209,384 | +€129,193 | +161.1% |
| Financial debts | 43 | €677,600 | €545,300 | -€132,300 | -19.5% |
| Credit institutions | 430/8 | €677,600 | €545,300 | -€132,300 | -19.5% |
| Trade debts | 44 | €7,467 | €94,539 | +€87,072 | +1166.1% |
| Suppliers | 440/4 | €7,467 | €94,539 | +€87,072 | +1166.1% |
| Taxes, remuneration and social security | 45 | €10,924 | €413 | -€10,511 | -96.2% |
| Taxes | 450/3 | €10,924 | €413 | -€10,511 | -96.2% |
| Other amounts payable | 47/48 | €160,000 | €123,433 | -€36,567 | -22.9% |
| Accrued charges and deferred income | 492/3 | €14,525 | €6,628 | -€7,897 | -54.4% |
| Non-recurring operating income | 76A | - | €18,906 | +€18,906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,310 | €28,078 | -€19,232 | -40.7% |
| Other operating charges | 640/8 | €3,863 | €5,576 | +€1,713 | +44.3% |
| Non-recurring operating charges | 66A | - | €8,648 | +€8,648 | |
| Gross operating margin | 9900 | €25,195 | €86,706 | +€61,511 | +244.1% |
| Operating profit (loss) | 9901 | -€25,978 | €44,404 | +€70,382 | |
| Financial income | 75/76B | €1,055 | €82 | -€973 | -92.2% |
| Recurring financial income | 75 | €1,055 | €82 | -€973 | -92.2% |
| Financial charges | 65/66B | €51,435 | €80,338 | +€28,903 | +56.2% |
| Recurring financial charges | 65 | €51,435 | €80,338 | +€28,903 | +56.2% |
| Profit (loss) for the period before taxes | 9903 | -€76,358 | -€35,852 | +€40,506 | +53.0% |
| Transfer from deferred taxes | 780 | €1,172 | €2,046 | +€874 | +74.6% |
| Income taxes | 67/77 | €273 | €140 | -€133 | -48.7% |
| Profit (loss) for the period | 9904 | -€75,459 | -€33,946 | +€41,513 | +55.0% |
| Transfer from tax-exempt reserves | 789 | €4,686 | €8,183 | +€3,497 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,773 | -€25,763 | +€45,010 | +63.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.