CHEZ 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.
CHEZ PHILIPPE
Largest movements
- Receivables within one year -€90,333
down €90,333 (-41.7%), from €216,450 to €126,117
of which Trade receivables: -€99,748
- Tangible fixed assets -€50,357
down €50,357 (-27.4%), from €183,824 to €133,467
of which Plant, machinery and equipment: -€35,498
- Cash +€12,501
up €12,501 (+59.1%), from €21,161 to €33,661
mainly Receivables within one year (+€90,333) and Depreciation (+€53,030)
- Trade debts -€89,221
down €89,221 (-69.5%), from €128,402 to €39,180
of which Suppliers: -€89,221
- Debts after one year -€31,903
down €31,903 (-28.5%), from €112,136 to €80,233
- Profit (loss) carried forward -€22,838
down €22,838 (-27.8%), from €82,160 to €59,322
- Tax, wage and social debts +€22,832
up €22,832 (+39.9%), from €57,243 to €80,075
of which Remuneration and social security: +€29,723
- Current portion of long-term debt -€7,642
down €7,642 (-19.3%), from €39,545 to €31,903
- Gross operating margin +€20,385
up €20,385 (+9.2%), from €221,909 to €242,294
- Staff costs +€17,631
up €17,631 (+9.6%), from €183,613 to €201,243
- Other operating charges +€8,226
up €8,226 (+1130.1%), from €728 to €8,954
- Financial charges +€2,890
up €2,890 (+55.6%), from €5,195 to €8,086
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.
Cash bridge derived
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 | €432,876 | €303,829 | -€129,048 | -29.8% |
| Fixed assets | 21/28 | €183,824 | €133,467 | -€50,357 | -27.4% |
| Tangible fixed assets | 22/27 | €183,824 | €133,467 | -€50,357 | -27.4% |
| Land and buildings | 22 | €28,811 | €26,060 | -€2,750 | -9.5% |
| Plant, machinery and equipment | 23 | €96,727 | €61,229 | -€35,498 | -36.7% |
| Furniture and vehicles | 24 | €88 | €0 | -€88 | -100.0% |
| Leasing and similar rights | 25 | €3,060 | €0 | -€3,060 | -100.0% |
| Other tangible fixed assets | 26 | €55,138 | €46,178 | -€8,960 | -16.3% |
| Current assets | 29/58 | €249,052 | €170,361 | -€78,691 | -31.6% |
| Stocks and contracts in progress | 3 | €11,430 | €10,454 | -€976 | -8.5% |
| Stocks | 30/36 | €11,430 | €10,454 | -€976 | -8.5% |
| Amounts receivable within one year | 40/41 | €216,450 | €126,117 | -€90,333 | -41.7% |
| Trade receivables | 40 | €99,973 | €224 | -€99,748 | -99.8% |
| Other amounts receivable | 41 | €116,477 | €125,892 | +€9,415 | +8.1% |
| Cash at bank and in hand | 54/58 | €21,161 | €33,661 | +€12,501 | +59.1% |
| Deferred charges and accrued income | 490/1 | €12 | €129 | +€117 | +983.1% |
| Total equity and liabilities | 10/49 | €432,876 | €303,829 | -€129,048 | -29.8% |
| Equity | 10/15 | €89,660 | €66,822 | -€22,838 | -25.5% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,160 | €59,322 | -€22,838 | -27.8% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €343,217 | €237,007 | -€106,210 | -30.9% |
| Amounts payable after more than one year | 17 | €112,136 | €80,233 | -€31,903 | -28.5% |
| Financial debts | 170/4 | €112,136 | €80,233 | -€31,903 | -28.5% |
| Amounts payable within one year | 42/48 | €231,081 | €156,774 | -€74,307 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €39,545 | €31,903 | -€7,642 | -19.3% |
| Financial debts | 43 | €0 | €4 | +€4 | |
| Credit institutions | 430/8 | €0 | €4 | +€4 | |
| Trade debts | 44 | €128,402 | €39,180 | -€89,221 | -69.5% |
| Suppliers | 440/4 | €127,979 | €38,758 | -€89,221 | -69.7% |
| Bills of exchange payable | 441 | €422 | €422 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €57,243 | €80,075 | +€22,832 | +39.9% |
| Taxes | 450/3 | €24,227 | €17,337 | -€6,891 | -28.4% |
| Remuneration and social security | 454/9 | €33,015 | €62,738 | +€29,723 | +90.0% |
| Other amounts payable | 47/48 | €5,892 | €5,612 | -€280 | -4.8% |
| Remuneration, social security and pensions | 62 | €183,613 | €201,243 | +€17,631 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,544 | €53,030 | +€486 | +0.9% |
| Other operating charges | 640/8 | €728 | €8,954 | +€8,226 | +1130.1% |
| Gross operating margin | 9900 | €221,909 | €242,294 | +€20,385 | +9.2% |
| Operating profit (loss) | 9901 | -€14,975 | -€20,933 | -€5,957 | -39.8% |
| Financial income | 75/76B | €6,174 | €6,795 | +€621 | +10.1% |
| Recurring financial income | 75 | €6,174 | €6,795 | +€621 | +10.1% |
| Financial charges | 65/66B | €5,195 | €8,086 | +€2,890 | +55.6% |
| Recurring financial charges | 65 | €5,195 | €8,086 | +€2,890 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,997 | -€22,224 | -€8,226 | -58.8% |
| Income taxes | 67/77 | €0 | €176 | +€176 | |
| Profit (loss) for the period | 9904 | -€13,997 | -€22,400 | -€8,403 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,997 | -€22,400 | -€8,403 | -60.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.