Armelle Philippe: 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.
Armelle Philippe
Largest movements
- Tangible fixed assets -€14,766
down €14,766 (-12.5%), from €117,902 to €103,135
- Cash +€6,734
up €6,734 (+79.4%), from €8,477 to €15,212
mainly Depreciation (+€14,766) and Net result for the year (+€4,776)
- Debts after one year -€12,180
down €12,180 (-15.9%), from €76,658 to €64,478
- Reserves +€4,700
up €4,700 (+19.7%), from €23,900 to €28,600
- Gross operating margin +€9,519
up €9,519 (+62.4%), from €15,266 to €24,786
- Depreciation -€1,623
down €1,623 (-9.9%), from €16,390 to €14,766
- Other operating charges -€1,419
down €1,419 (-34.7%), from €4,095 to €2,676
- Taxes +€854
new in 2024: €854
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,319 | €144,395 | -€7,925 | -5.2% |
| Fixed assets | 21/28 | €118,702 | €103,935 | -€14,766 | -12.4% |
| Tangible fixed assets | 22/27 | €117,902 | €103,135 | -€14,766 | -12.5% |
| Land and buildings | 22 | €117,902 | €103,135 | -€14,766 | -12.5% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €33,617 | €40,459 | +€6,842 | +20.4% |
| Amounts receivable after more than one year | 29 | €17,808 | €17,808 | = | 0.0% |
| Other amounts receivable | 291 | €17,808 | €17,808 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,332 | €7,440 | +€107 | +1.5% |
| Trade receivables | 40 | €866 | €1,500 | +€634 | +73.2% |
| Other amounts receivable | 41 | €6,466 | €5,940 | -€526 | -8.1% |
| Cash at bank and in hand | 54/58 | €8,477 | €15,212 | +€6,734 | +79.4% |
| Total equity and liabilities | 10/49 | €152,319 | €144,395 | -€7,925 | -5.2% |
| Equity | 10/15 | €61,829 | €66,604 | +€4,776 | +7.7% |
| Reserves | 13 | €23,900 | €28,600 | +€4,700 | +19.7% |
| Distributable reserves | 133 | €23,900 | €28,600 | +€4,700 | +19.7% |
| Profit (loss) carried forward | 14 | €37,929 | €38,004 | +€76 | +0.2% |
| Amounts payable | 17/49 | €90,491 | €77,790 | -€12,700 | -14.0% |
| Amounts payable after more than one year | 17 | €76,658 | €64,478 | -€12,180 | -15.9% |
| Financial debts | 170/4 | €76,658 | €64,478 | -€12,180 | -15.9% |
| Amounts payable within one year | 42/48 | €13,304 | €13,312 | +€8 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €11,880 | €12,180 | +€300 | +2.5% |
| Trade debts | 44 | €1,393 | €412 | -€981 | -70.4% |
| Suppliers | 440/4 | €1,393 | €412 | -€981 | -70.4% |
| Taxes, remuneration and social security | 45 | €31 | €720 | +€689 | +2235.4% |
| Taxes | 450/3 | €31 | €720 | +€689 | +2235.4% |
| Accrued charges and deferred income | 492/3 | €528 | - | -€528 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,390 | €14,766 | -€1,623 | -9.9% |
| Other operating charges | 640/8 | €4,095 | €2,676 | -€1,419 | -34.7% |
| Gross operating margin | 9900 | €15,266 | €24,786 | +€9,519 | +62.4% |
| Operating profit (loss) | 9901 | -€5,218 | €7,344 | +€12,562 | |
| Financial income | 75/76B | €672 | €794 | +€122 | +18.2% |
| Recurring financial income | 75 | €672 | €794 | +€122 | +18.2% |
| Financial charges | 65/66B | €2,417 | €2,508 | +€91 | +3.8% |
| Recurring financial charges | 65 | €2,417 | €2,508 | +€91 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,963 | €5,629 | +€12,592 | |
| Income taxes | 67/77 | - | €854 | +€854 | |
| Profit (loss) for the period | 9904 | -€6,963 | €4,776 | +€11,739 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,963 | €4,776 | +€11,739 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.