PHIMA IMMO: 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.
PHIMA IMMO
Largest movements
- Tangible fixed assets -€30,824
down €30,824 (-2.7%), from €1.1m to €1.1m
of which Land and buildings: -€29,387
- Cash +€21,389
up €21,389 (+262%), from €8,160 to €29,549
mainly Current portion of long-term debt (+€412,665) and Net result for the year (+€132,318)
- Receivables within one year -€13,347
down €13,347 (-19.2%), from €69,458 to €56,111
- Debts after one year -€498,730
down €498,730 (-84.5%), from €590,049 to €91,319
- Current portion of long-term debt +€412,665
up €412,665 (+401%), from €103,000 to €515,665
- Profit (loss) carried forward +€132,319
up €132,319 (+2,536%), from €5,218 to €137,537
- Other debts -€60,331
down €60,331 (-59.6%), from €101,269 to €40,938
- Gross operating margin +€26,787
up €26,787 (+13.6%), from €196,859 to €223,646
- Financial charges -€14,688
down €14,688 (-33.7%), from €43,536 to €28,848
- Other operating charges +€4,917
up €4,917 (+18.4%), from €26,740 to €31,657
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 | €1,213,325 | €1,190,543 | -€22,782 | -1.9% |
| Fixed assets | 21/28 | €1,135,707 | €1,104,883 | -€30,824 | -2.7% |
| Tangible fixed assets | 22/27 | €1,134,481 | €1,103,657 | -€30,824 | -2.7% |
| Land and buildings | 22 | €1,123,407 | €1,094,020 | -€29,387 | -2.6% |
| Plant, machinery and equipment | 23 | €11,074 | €9,637 | -€1,437 | -13.0% |
| Financial fixed assets | 28 | €1,226 | €1,226 | = | 0.0% |
| Current assets | 29/58 | €77,618 | €85,660 | +€8,042 | +10.4% |
| Amounts receivable within one year | 40/41 | €69,458 | €56,111 | -€13,347 | -19.2% |
| Trade receivables | 40 | €69,458 | €56,111 | -€13,347 | -19.2% |
| Cash at bank and in hand | 54/58 | €8,160 | €29,549 | +€21,389 | +262% |
| Total equity and liabilities | 10/49 | €1,213,325 | €1,190,543 | -€22,782 | -1.9% |
| Equity | 10/15 | €183,818 | €316,137 | +€132,319 | +72.0% |
| Contributions | 10/11 | €178,600 | €178,600 | = | 0.0% |
| Capital | 10 | €178,600 | €178,600 | = | 0.0% |
| Issued capital | 100 | €178,600 | €178,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,218 | €137,537 | +€132,319 | +2,536% |
| Amounts payable | 17/49 | €1,029,507 | €874,406 | -€155,101 | -15.1% |
| Amounts payable after more than one year | 17 | €590,049 | €91,319 | -€498,730 | -84.5% |
| Financial debts | 170/4 | €590,049 | €91,319 | -€498,730 | -84.5% |
| Amounts payable within one year | 42/48 | €439,458 | €783,087 | +€343,629 | +78.2% |
| Current portion of amounts payable after more than one year | 42 | €103,000 | €515,665 | +€412,665 | +401% |
| Trade debts | 44 | €235,189 | €226,484 | -€8,705 | -3.7% |
| Suppliers | 440/4 | €235,189 | €226,484 | -€8,705 | -3.7% |
| Other amounts payable | 47/48 | €101,269 | €40,938 | -€60,331 | -59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,821 | €30,824 | +€3 | 0.0% |
| Other operating charges | 640/8 | €26,740 | €31,657 | +€4,917 | +18.4% |
| Gross operating margin | 9900 | €196,859 | €223,646 | +€26,787 | +13.6% |
| Operating profit (loss) | 9901 | €139,298 | €161,165 | +€21,867 | +15.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €43,536 | €28,848 | -€14,688 | -33.7% |
| Recurring financial charges | 65 | €43,536 | €28,848 | -€14,688 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €95,762 | €132,318 | +€36,556 | +38.2% |
| Profit (loss) for the period | 9904 | €95,762 | €132,318 | +€36,556 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,762 | €132,318 | +€36,556 | +38.2% |
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.