Phage: what changed
Phage
Largest movements
- Intangible fixed assets -€20,717
down €20,717 (-49.7%), from €41,702 to €20,986
- Cash -€16,297
down €16,297 (-43.9%), from €37,101 to €20,804
mainly Trade debts (-€26,684) and Net result for the year (-€18,266)
- Current investments +€13,179
up €13,179 (+87.9%), from €15,000 to €28,179
- Stocks and contracts +€6,089
up €6,089 (+53.2%), from €11,443 to €17,532
- Receivables within one year -€4,256
down €4,256 (-14.3%), from €29,732 to €25,476
of which Trade receivables: -€4,328
- Trade debts -€26,684
down €26,684 (-46.6%), from €57,254 to €30,571
- Profit (loss) carried forward -€18,266
down €18,266 (-25.0%), from -€72,998 to -€91,264
- Tax, wage and social debts +€13,655
up €13,655 (+32.7%), from €41,755 to €55,410
of which Remuneration and social security: +€14,243
- Other debts +€6,414
up €6,414 (+5.5%), from €117,444 to €123,858
- Gross operating margin +€78,960
up €78,960 (+31.5%), from €250,484 to €329,444
- Staff costs +€58,311
up €58,311 (+23.2%), from €251,614 to €309,925
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,456 | €123,574 | -€24,882 | -16.8% |
| Fixed assets | 21/28 | €55,180 | €31,583 | -€23,597 | -42.8% |
| Intangible fixed assets | 21 | €41,702 | €20,986 | -€20,717 | -49.7% |
| Tangible fixed assets | 22/27 | €12,776 | €9,482 | -€3,294 | -25.8% |
| Plant, machinery and equipment | 23 | €11,162 | €7,302 | -€3,860 | -34.6% |
| Furniture and vehicles | 24 | €1,614 | €2,180 | +€566 | +35.1% |
| Financial fixed assets | 28 | €702 | €1,115 | +€413 | +58.9% |
| Current assets | 29/58 | €93,276 | €91,991 | -€1,285 | -1.4% |
| Stocks and contracts in progress | 3 | €11,443 | €17,532 | +€6,089 | +53.2% |
| Stocks | 30/36 | €11,443 | €17,532 | +€6,089 | +53.2% |
| Amounts receivable within one year | 40/41 | €29,732 | €25,476 | -€4,256 | -14.3% |
| Trade receivables | 40 | €29,732 | €25,404 | -€4,328 | -14.6% |
| Other amounts receivable | 41 | - | €73 | +€73 | |
| Current investments | 50/53 | €15,000 | €28,179 | +€13,179 | +87.9% |
| Cash at bank and in hand | 54/58 | €37,101 | €20,804 | -€16,297 | -43.9% |
| Total equity and liabilities | 10/49 | €148,456 | €123,574 | -€24,882 | -16.8% |
| Equity | 10/15 | -€67,998 | -€86,264 | -€18,266 | -26.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,998 | -€91,264 | -€18,266 | -25.0% |
| Amounts payable | 17/49 | €216,454 | €209,838 | -€6,615 | -3.1% |
| Amounts payable within one year | 42/48 | €216,454 | €209,838 | -€6,615 | -3.1% |
| Trade debts | 44 | €57,254 | €30,571 | -€26,684 | -46.6% |
| Suppliers | 440/4 | €57,254 | €30,571 | -€26,684 | -46.6% |
| Taxes, remuneration and social security | 45 | €41,755 | €55,410 | +€13,655 | +32.7% |
| Taxes | 450/3 | €11,934 | €11,346 | -€589 | -4.9% |
| Remuneration and social security | 454/9 | €29,821 | €44,064 | +€14,243 | +47.8% |
| Other amounts payable | 47/48 | €117,444 | €123,858 | +€6,414 | +5.5% |
| Non-recurring operating income | 76A | €648 | €14,403 | +€13,755 | +2,122% |
| Remuneration, social security and pensions | 62 | €251,614 | €309,925 | +€58,311 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,591 | €27,270 | +€1,679 | +6.6% |
| Other operating charges | 640/8 | €285 | €332 | +€47 | +16.5% |
| Gross operating margin | 9900 | €250,484 | €329,444 | +€78,960 | +31.5% |
| Operating profit (loss) | 9901 | -€27,006 | -€8,083 | +€18,923 | +70.1% |
| Financial income | 75/76B | €13 | €139 | +€126 | +940% |
| Recurring financial income | 75 | €13 | €139 | +€126 | +940% |
| Financial charges | 65/66B | €12,912 | €10,304 | -€2,608 | -20.2% |
| Recurring financial charges | 65 | €12,912 | €10,304 | -€2,608 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,904 | -€18,248 | +€21,656 | +54.3% |
| Income taxes | 67/77 | - | €18 | +€18 | |
| Profit (loss) for the period | 9904 | -€39,904 | -€18,266 | +€21,638 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,904 | -€18,266 | +€21,638 | +54.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.