PHISIMMO: 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.
PHISIMMO
Largest movements
- Cash +€7,666
up €7,666 (+67.6%), from €11,344 to €19,010
mainly Depreciation (+€4,555) and Net result for the year (+€2,408)
- Tangible fixed assets -€5,283
down €5,283 (-17.1%), from €30,888 to €25,605
of which Land and buildings: -€3,350
- Profit (loss) carried forward +€2,408
up €2,408 (+7.7%), from €31,447 to €33,856
- Gross operating margin +€763
up €763 (+7.8%), from €9,758 to €10,521
- Other operating charges +€541
up €541 (+24.4%), from €2,214 to €2,755
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 | €42,610 | €45,093 | +€2,484 | +5.8% |
| Fixed assets | 21/28 | €30,888 | €25,605 | -€5,283 | -17.1% |
| Tangible fixed assets | 22/27 | €30,888 | €25,605 | -€5,283 | -17.1% |
| Land and buildings | 22 | €26,874 | €23,524 | -€3,350 | -12.5% |
| Plant, machinery and equipment | 23 | €1,405 | €940 | -€465 | -33.1% |
| Furniture and vehicles | 24 | €2,609 | €1,141 | -€1,468 | -56.3% |
| Current assets | 29/58 | €11,722 | €19,488 | +€7,766 | +66.3% |
| Cash at bank and in hand | 54/58 | €11,344 | €19,010 | +€7,666 | +67.6% |
| Deferred charges and accrued income | 490/1 | €378 | €478 | +€100 | +26.5% |
| Total equity and liabilities | 10/49 | €42,610 | €45,093 | +€2,484 | +5.8% |
| Equity | 10/15 | €41,882 | €44,291 | +€2,408 | +5.8% |
| Contributions | 10/11 | €9,486 | €9,486 | = | 0.0% |
| Reserves | 13 | €949 | €949 | = | 0.0% |
| Distributable reserves | 133 | €949 | €949 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,447 | €33,856 | +€2,408 | +7.7% |
| Amounts payable | 17/49 | €727 | €803 | +€75 | +10.4% |
| Amounts payable within one year | 42/48 | €727 | €803 | +€75 | +10.4% |
| Taxes, remuneration and social security | 45 | €727 | €803 | +€75 | +10.4% |
| Taxes | 450/3 | €727 | €803 | +€75 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,549 | €4,555 | +€6 | +0.1% |
| Other operating charges | 640/8 | €2,214 | €2,755 | +€541 | +24.4% |
| Gross operating margin | 9900 | €9,758 | €10,521 | +€763 | +7.8% |
| Operating profit (loss) | 9901 | €2,994 | €3,211 | +€217 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €2,994 | €3,211 | +€217 | +7.2% |
| Income taxes | 67/77 | €727 | €803 | +€75 | +10.4% |
| Profit (loss) for the period | 9904 | €2,267 | €2,408 | +€141 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,267 | €2,408 | +€141 | +6.2% |
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 26 October 2026 via checked.be.