DERICK 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.
DERICK PHILIPPE
Largest movements
- Cash +€18,809
up €18,809 (+40.0%), from €46,988 to €65,797
mainly Advances received (+€12,243) and Net result for the year (+€9,724)
- Receivables within one year +€7,615
up €7,615 (+36.1%), from €21,098 to €28,713
of which Trade receivables: +€8,768
- Tangible fixed assets -€7,579
down €7,579 (-16.7%), from €45,475 to €37,896
- Stocks and contracts -€2,339
down €2,339 (-66.8%), from €3,500 to €1,161
- Advances received +€12,243
new in 2025: €12,243
- Reserves +€9,700
up €9,700 (+23.7%), from €40,860 to €50,560
of which Distributable reserves: +€11,560
- Debts after one year -€6,174
down €6,174 (-49.3%), from €12,533 to €6,359
- Tax, wage and social debts +€4,005
up €4,005 (+96.1%), from €4,166 to €8,171
of which Taxes: +€4,305
- Other debts -€3,284
down €3,284 (-38.9%), from €8,448 to €5,164
- Gross operating margin +€13,415
up €13,415 (+144%), from €9,287 to €22,702
- Taxes +€3,824
up €3,824 (+913%), from €419 to €4,243
- Financial charges -€1,448
down €1,448 (-67.6%), from €2,140 to €693
- Financial income -€1,441
down €1,441 (-96.1%), from €1,499 to €58
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 | €117,196 | €133,702 | +€16,506 | +14.1% |
| Fixed assets | 21/28 | €45,610 | €38,031 | -€7,579 | -16.6% |
| Tangible fixed assets | 22/27 | €45,475 | €37,896 | -€7,579 | -16.7% |
| Furniture and vehicles | 24 | €45,475 | €37,896 | -€7,579 | -16.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €71,586 | €95,671 | +€24,085 | +33.6% |
| Stocks and contracts in progress | 3 | €3,500 | €1,161 | -€2,339 | -66.8% |
| Stocks | 30/36 | €3,500 | €1,161 | -€2,339 | -66.8% |
| Amounts receivable within one year | 40/41 | €21,098 | €28,713 | +€7,615 | +36.1% |
| Trade receivables | 40 | €19,945 | €28,713 | +€8,768 | +44.0% |
| Other amounts receivable | 41 | €1,153 | - | -€1,153 | |
| Cash at bank and in hand | 54/58 | €46,988 | €65,797 | +€18,809 | +40.0% |
| Total equity and liabilities | 10/49 | €117,196 | €133,702 | +€16,506 | +14.1% |
| Equity | 10/15 | €75,260 | €84,984 | +€9,724 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,860 | €50,560 | +€9,700 | +23.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €39,000 | €50,560 | +€11,560 | +29.6% |
| Profit (loss) carried forward | 14 | €15,800 | €15,824 | +€24 | +0.1% |
| Amounts payable | 17/49 | €41,936 | €48,718 | +€6,782 | +16.2% |
| Amounts payable after more than one year | 17 | €12,533 | €6,359 | -€6,174 | -49.3% |
| Financial debts | 170/4 | €12,533 | €6,359 | -€6,174 | -49.3% |
| Amounts payable within one year | 42/48 | €29,403 | €42,360 | +€12,956 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €5,995 | €6,174 | +€179 | +3.0% |
| Trade debts | 44 | €10,795 | €10,608 | -€188 | -1.7% |
| Suppliers | 440/4 | €10,795 | €10,608 | -€188 | -1.7% |
| Advances received on contracts in progress | 46 | - | €12,243 | +€12,243 | |
| Taxes, remuneration and social security | 45 | €4,166 | €8,171 | +€4,005 | +96.1% |
| Taxes | 450/3 | €1,866 | €6,171 | +€4,305 | +231% |
| Remuneration and social security | 454/9 | €2,300 | €2,000 | -€300 | -13.0% |
| Other amounts payable | 47/48 | €8,448 | €5,164 | -€3,284 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,579 | €7,579 | = | 0.0% |
| Other operating charges | 640/8 | €451 | €521 | +€70 | +15.6% |
| Gross operating margin | 9900 | €9,287 | €22,702 | +€13,415 | +144% |
| Operating profit (loss) | 9901 | €1,257 | €14,601 | +€13,345 | +1,062% |
| Financial income | 75/76B | €1,499 | €58 | -€1,441 | -96.1% |
| Recurring financial income | 75 | €1,499 | €58 | -€1,441 | -96.1% |
| Financial charges | 65/66B | €2,140 | €693 | -€1,448 | -67.6% |
| Recurring financial charges | 65 | €2,140 | €693 | -€1,448 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €615 | €13,967 | +€13,352 | +2,171% |
| Income taxes | 67/77 | €419 | €4,243 | +€3,824 | +913% |
| Profit (loss) for the period | 9904 | €196 | €9,724 | +€9,527 | +4,859% |
| Profit (loss) for the period to be appropriated | 9905 | €196 | €9,724 | +€9,527 | +4,859% |
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 13 October 2026 via checked.be.