Alain Philips: 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.
Alain Philips
Largest movements
- Cash -€13,057
down €13,057 (-65.6%), from €19,917 to €6,859
mainly Trade debts (-€11,727) and Tax, wage and social debts (-€5,030)
- Receivables within one year +€4,659
up €4,659 (+3.3%), from €139,510 to €144,170
of which Other amounts receivable: +€3,242
- Tangible fixed assets -€3,882
down €3,882 (-51.4%), from €7,545 to €3,664
of which Furniture and vehicles: -€3,622
- Receivables after one year -€3,000
down €3,000 (-39.4%), from €7,609 to €4,609
- Trade debts -€11,727
down €11,727 (-86.7%), from €13,520 to €1,793
- Reserves +€7,472
up €7,472 (+187%), from €4,001 to €11,473
of which Distributable reserves: +€7,472
- Tax, wage and social debts -€5,030
down €5,030 (-40.1%), from €12,546 to €7,517
- Short-term financial debts -€3,096
down €3,096 (-81.0%), from €3,823 to €727
- Purchases and services -€107,752
no longer reported in 2025 (was €107,752)
- Gross operating margin -€10,660
down €10,660 (-38.6%), from €27,585 to €16,924
- Staff costs -€2,008
no longer reported in 2025 (was €2,008)
- Taxes -€1,506
down €1,506 (-32.3%), from €4,668 to €3,161
- Financial income +€451
up €451 (+4,469%), from €10 to €461
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 | €183,266 | €169,232 | -€14,035 | -7.7% |
| Fixed assets | 21/28 | €7,710 | €3,829 | -€3,882 | -50.3% |
| Tangible fixed assets | 22/27 | €7,545 | €3,664 | -€3,882 | -51.4% |
| Plant, machinery and equipment | 23 | €1,127 | €867 | -€260 | -23.1% |
| Furniture and vehicles | 24 | €6,418 | €2,797 | -€3,622 | -56.4% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €175,556 | €165,403 | -€10,153 | -5.8% |
| Amounts receivable after more than one year | 29 | €7,609 | €4,609 | -€3,000 | -39.4% |
| Other amounts receivable | 291 | €7,609 | €4,609 | -€3,000 | -39.4% |
| Stocks and contracts in progress | 3 | €8,520 | €9,765 | +€1,245 | +14.6% |
| Stocks | 30/36 | €8,520 | €9,765 | +€1,245 | +14.6% |
| Amounts receivable within one year | 40/41 | €139,510 | €144,170 | +€4,659 | +3.3% |
| Trade receivables | 40 | €11,490 | €12,908 | +€1,417 | +12.3% |
| Other amounts receivable | 41 | €128,020 | €131,262 | +€3,242 | +2.5% |
| Cash at bank and in hand | 54/58 | €19,917 | €6,859 | -€13,057 | -65.6% |
| Total equity and liabilities | 10/49 | €183,266 | €169,232 | -€14,035 | -7.7% |
| Equity | 10/15 | €151,277 | €158,749 | +€7,472 | +4.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,001 | €11,473 | +€7,472 | +187% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,142 | €9,614 | +€7,472 | +349% |
| Profit (loss) carried forward | 14 | €128,684 | €128,684 | = | 0.0% |
| Provisions and deferred taxes | 16 | €446 | €446 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €446 | €446 | = | 0.0% |
| Pensions and similar obligations | 160 | €446 | €446 | = | 0.0% |
| Amounts payable | 17/49 | €31,543 | €10,037 | -€21,506 | -68.2% |
| Amounts payable after more than one year | 17 | €1,654 | - | -€1,654 | |
| Financial debts | 170/4 | €1,654 | - | -€1,654 | |
| Amounts payable within one year | 42/48 | €29,889 | €10,037 | -€19,853 | -66.4% |
| Financial debts | 43 | €3,823 | €727 | -€3,096 | -81.0% |
| Credit institutions | 430/8 | €3,823 | €727 | -€3,096 | -81.0% |
| Trade debts | 44 | €13,520 | €1,793 | -€11,727 | -86.7% |
| Suppliers | 440/4 | €13,520 | €1,793 | -€11,727 | -86.7% |
| Taxes, remuneration and social security | 45 | €12,546 | €7,517 | -€5,030 | -40.1% |
| Taxes | 450/3 | €12,546 | €7,517 | -€5,030 | -40.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €107,752 | - | -€107,752 | |
| Remuneration, social security and pensions | 62 | €2,008 | - | -€2,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,625 | €5,947 | +€322 | +5.7% |
| Other operating charges | 640/8 | €447 | €358 | -€90 | -20.0% |
| Gross operating margin | 9900 | €27,585 | €16,924 | -€10,660 | -38.6% |
| Operating profit (loss) | 9901 | €19,504 | €10,620 | -€8,884 | -45.6% |
| Financial income | 75/76B | €10 | €461 | +€451 | +4,469% |
| Recurring financial income | 75 | €10 | €461 | +€451 | +4,469% |
| Financial charges | 65/66B | €359 | €447 | +€88 | +24.5% |
| Recurring financial charges | 65 | €359 | €447 | +€88 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €19,155 | €10,633 | -€8,522 | -44.5% |
| Income taxes | 67/77 | €4,668 | €3,161 | -€1,506 | -32.3% |
| Profit (loss) for the period | 9904 | €14,487 | €7,472 | -€7,015 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,487 | €7,472 | -€7,015 | -48.4% |
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 16 October 2026 via checked.be.