DEMO PHLIP: 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.
DEMO PHLIP
Largest movements
- Cash +€50,098
up €50,098 (+11.3%), from €442,892 to €492,991
mainly Net result for the year (+€33,794) and Depreciation (+€22,574)
- Tangible fixed assets -€13,114
down €13,114 (-4.7%), from €278,630 to €265,515
of which Land and buildings: -€12,139
- Reserves +€33,794
up €33,794 (+2,416%), from €1,399 to €35,192
of which Distributable reserves: +€31,944
- Tax, wage and social debts +€12,886
up €12,886 (+173%), from €7,461 to €20,347
- Gross operating margin +€34,180
up €34,180 (+71.8%), from €47,630 to €81,811
- Taxes +€11,769
up €11,769 (+243%), from €4,839 to €16,608
- Depreciation +€1,262
up €1,262 (+5.9%), from €21,313 to €22,574
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 | €724,107 | €762,968 | +€38,861 | +5.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €278,630 | €265,515 | -€13,114 | -4.7% |
| Tangible fixed assets | 22/27 | €278,630 | €265,515 | -€13,114 | -4.7% |
| Land and buildings | 22 | €264,703 | €252,564 | -€12,139 | -4.6% |
| Plant, machinery and equipment | 23 | €9,686 | €9,761 | +€75 | +0.8% |
| Furniture and vehicles | 24 | €4,241 | €3,190 | -€1,051 | -24.8% |
| Current assets | 29/58 | €445,477 | €497,453 | +€51,975 | +11.7% |
| Amounts receivable within one year | 40/41 | - | €1,070 | +€1,070 | |
| Other amounts receivable | 41 | - | €1,070 | +€1,070 | |
| Cash at bank and in hand | 54/58 | €442,892 | €492,991 | +€50,098 | +11.3% |
| Deferred charges and accrued income | 490/1 | €2,585 | €3,393 | +€807 | +31.2% |
| Total equity and liabilities | 10/49 | €724,107 | €762,968 | +€38,861 | +5.4% |
| Equity | 10/15 | €706,048 | €739,841 | +€33,794 | +4.8% |
| Contributions | 10/11 | €416,880 | €416,880 | = | 0.0% |
| Capital | 10 | €416,880 | €416,880 | = | 0.0% |
| Issued capital | 100 | €416,880 | €416,880 | = | 0.0% |
| Reserves | 13 | €1,399 | €35,192 | +€33,794 | +2,416% |
| Non-distributable reserves | 130/1 | €1,399 | €3,248 | +€1,849 | +132% |
| Legal reserve | 130 | €1,399 | €3,248 | +€1,849 | +132% |
| Distributable reserves | 133 | - | €31,944 | +€31,944 | |
| Profit (loss) carried forward | 14 | €287,769 | €287,769 | = | 0.0% |
| Amounts payable | 17/49 | €18,059 | €23,127 | +€5,067 | +28.1% |
| Amounts payable within one year | 42/48 | €18,059 | €23,127 | +€5,067 | +28.1% |
| Trade debts | 44 | €6,898 | €109 | -€6,788 | -98.4% |
| Suppliers | 440/4 | €6,898 | €109 | -€6,788 | -98.4% |
| Taxes, remuneration and social security | 45 | €7,461 | €20,347 | +€12,886 | +173% |
| Taxes | 450/3 | €7,461 | €20,347 | +€12,886 | +173% |
| Other amounts payable | 47/48 | €3,701 | €2,671 | -€1,030 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,313 | €22,574 | +€1,262 | +5.9% |
| Other operating charges | 640/8 | €10,145 | €10,633 | +€488 | +4.8% |
| Gross operating margin | 9900 | €47,630 | €81,811 | +€34,180 | +71.8% |
| Operating profit (loss) | 9901 | €16,173 | €48,603 | +€32,430 | +201% |
| Financial income | 75/76B | €1,828 | €1,844 | +€16 | +0.9% |
| Recurring financial income | 75 | €1,828 | €1,844 | +€16 | +0.9% |
| Financial charges | 65/66B | €63 | €46 | -€17 | -27.4% |
| Recurring financial charges | 65 | €63 | €46 | -€17 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €17,938 | €50,402 | +€32,464 | +181% |
| Income taxes | 67/77 | €4,839 | €16,608 | +€11,769 | +243% |
| Profit (loss) for the period | 9904 | €13,099 | €33,794 | +€20,694 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €13,099 | €33,794 | +€20,694 | +158% |
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 25 October 2026 via checked.be.