PHYX: 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.
PHYX
Largest movements
- Cash +€13,558
up €13,558 (+14.9%), from €91,265 to €104,823
mainly Net result for the year (+€15,252) and Other debts (+€4,158)
- Receivables within one year +€4,543
up €4,543 (+19.1%), from €23,827 to €28,370
of which Other amounts receivable: +€15,159
- Reserves +€15,252
up €15,252 (+21.9%), from €69,596 to €84,848
of which Distributable reserves: +€17,112
- Other debts +€4,158
up €4,158 (+11.6%), from €35,985 to €40,143
- Trade debts -€1,698
down €1,698 (-36.8%), from €4,609 to €2,911
- Gross operating margin -€13,749
down €13,749 (-33.5%), from €41,084 to €27,335
- Taxes -€5,654
down €5,654 (-43.8%), from €12,900 to €7,246
- Depreciation +€1,222
up €1,222 (+77.4%), from €1,578 to €2,800
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.
Derived cash bridge
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 | €123,863 | €142,967 | +€19,104 | +15.4% |
| Fixed assets | 21/28 | €8,693 | €9,696 | +€1,003 | +11.5% |
| Tangible fixed assets | 22/27 | €8,693 | €9,696 | +€1,003 | +11.5% |
| Plant, machinery and equipment | 23 | €4,115 | €2,539 | -€1,576 | -38.3% |
| Furniture and vehicles | 24 | €4,578 | €3,542 | -€1,036 | -22.6% |
| Other tangible fixed assets | 26 | - | €3,615 | +€3,615 | |
| Current assets | 29/58 | €115,170 | €133,271 | +€18,101 | +15.7% |
| Amounts receivable within one year | 40/41 | €23,827 | €28,370 | +€4,543 | +19.1% |
| Trade receivables | 40 | €22,932 | €12,316 | -€10,616 | -46.3% |
| Other amounts receivable | 41 | €895 | €16,054 | +€15,159 | +1,694% |
| Cash at bank and in hand | 54/58 | €91,265 | €104,823 | +€13,558 | +14.9% |
| Deferred charges and accrued income | 490/1 | €78 | €78 | -€0 | -0.1% |
| Total equity and liabilities | 10/49 | €123,863 | €142,967 | +€19,104 | +15.4% |
| Equity | 10/15 | €75,796 | €91,048 | +€15,252 | +20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,596 | €84,848 | +€15,252 | +21.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €67,736 | €84,848 | +€17,112 | +25.3% |
| Amounts payable | 17/49 | €48,067 | €51,919 | +€3,852 | +8.0% |
| Amounts payable within one year | 42/48 | €46,538 | €50,113 | +€3,575 | +7.7% |
| Trade debts | 44 | €4,609 | €2,911 | -€1,698 | -36.8% |
| Suppliers | 440/4 | €4,609 | €2,911 | -€1,698 | -36.8% |
| Taxes, remuneration and social security | 45 | €5,944 | €7,059 | +€1,115 | +18.8% |
| Taxes | 450/3 | €5,944 | €7,059 | +€1,115 | +18.8% |
| Other amounts payable | 47/48 | €35,985 | €40,143 | +€4,158 | +11.6% |
| Accrued charges and deferred income | 492/3 | €1,529 | €1,806 | +€277 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,578 | €2,800 | +€1,222 | +77.4% |
| Other operating charges | 640/8 | €109 | €120 | +€11 | +10.1% |
| Gross operating margin | 9900 | €41,084 | €27,335 | -€13,749 | -33.5% |
| Operating profit (loss) | 9901 | €39,397 | €24,415 | -€14,982 | -38.0% |
| Financial income | 75/76B | - | €150 | +€150 | |
| Recurring financial income | 75 | - | €150 | +€150 | |
| Financial charges | 65/66B | €1,778 | €2,067 | +€289 | +16.2% |
| Recurring financial charges | 65 | €1,778 | €2,067 | +€289 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €37,618 | €22,498 | -€15,120 | -40.2% |
| Income taxes | 67/77 | €12,900 | €7,246 | -€5,654 | -43.8% |
| Profit (loss) for the period | 9904 | €24,719 | €15,252 | -€9,467 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,719 | €15,252 | -€9,467 | -38.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.