ELKE PHILIPPETH: 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.
ELKE PHILIPPETH
Largest movements
- Receivables within one year +€19,200
up €19,200 (+66.6%), from €28,848 to €48,048
- Cash -€9,533
down €9,533 (-58.6%), from €16,261 to €6,728
mainly Contributions, distributions and other (-€22,805) and Receivables within one year (-€19,200)
- Other debts +€13,296
up €13,296 (+172%), from €7,729 to €21,025
- Reserves -€2,342
down €2,342 (-8.5%), from €27,450 to €25,107
- Tax, wage and social debts -€1,292
down €1,292 (-77.3%), from €1,671 to €380
- Gross operating margin +€18,392
up €18,392 (+235%), from €7,832 to €26,224
- Taxes +€3,181
up €3,181 (+163%), from €1,947 to €5,128
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 | €45,861 | €55,545 | +€9,684 | +21.1% |
| Current assets | 29/58 | €45,861 | €55,545 | +€9,684 | +21.1% |
| Amounts receivable within one year | 40/41 | €28,848 | €48,048 | +€19,200 | +66.6% |
| Other amounts receivable | 41 | €28,848 | €48,048 | +€19,200 | +66.6% |
| Cash at bank and in hand | 54/58 | €16,261 | €6,728 | -€9,533 | -58.6% |
| Deferred charges and accrued income | 490/1 | €752 | €769 | +€17 | +2.2% |
| Total equity and liabilities | 10/49 | €45,861 | €55,545 | +€9,684 | +21.1% |
| Equity | 10/15 | €33,650 | €31,307 | -€2,342 | -7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,450 | €25,107 | -€2,342 | -8.5% |
| Distributable reserves | 133 | €27,450 | €25,107 | -€2,342 | -8.5% |
| Amounts payable | 17/49 | €12,211 | €24,237 | +€12,026 | +98.5% |
| Amounts payable within one year | 42/48 | €12,021 | €24,237 | +€12,216 | +102% |
| Trade debts | 44 | €2,621 | €2,832 | +€212 | +8.1% |
| Suppliers | 440/4 | €2,621 | €2,832 | +€212 | +8.1% |
| Taxes, remuneration and social security | 45 | €1,671 | €380 | -€1,292 | -77.3% |
| Taxes | 450/3 | €1,671 | €380 | -€1,292 | -77.3% |
| Other amounts payable | 47/48 | €7,729 | €21,025 | +€13,296 | +172% |
| Accrued charges and deferred income | 492/3 | €190 | - | -€190 | |
| Other operating charges | 640/8 | €502 | €573 | +€71 | +14.1% |
| Gross operating margin | 9900 | €7,832 | €26,224 | +€18,392 | +235% |
| Operating profit (loss) | 9901 | €7,330 | €25,651 | +€18,322 | +250% |
| Financial charges | 65/66B | €220 | €60 | -€160 | -72.7% |
| Recurring financial charges | 65 | €220 | €60 | -€160 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €7,110 | €25,591 | +€18,481 | +260% |
| Income taxes | 67/77 | €1,947 | €5,128 | +€3,181 | +163% |
| Profit (loss) for the period | 9904 | €5,162 | €20,463 | +€15,300 | +296% |
| Profit (loss) for the period to be appropriated | 9905 | €5,162 | €20,463 | +€15,300 | +296% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.