FILIP DE MAN: 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.
FILIP DE MAN
Largest movements
- Current investments +€109,180
up €109,180 (+16.1%), from €677,042 to €786,222
- Cash +€61,564
up €61,564 (+56.9%), from €108,128 to €169,692
mainly Net result for the year (+€155,045) and Tax, wage and social debts (+€14,473)
- Reserves +€155,045
up €155,045 (+19.1%), from €812,630 to €967,676
- Tax, wage and social debts +€14,473
up €14,473 (+326%), from €4,436 to €18,910
- Gross operating margin +€22,828
up €22,828 (+12.0%), from €190,721 to €213,550
- Financial income +€20,765
up €20,765 (+689%), from €3,016 to €23,780
- Taxes +€15,493
up €15,493 (+28.0%), from €55,341 to €70,834
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 | €831,107 | €1,001,221 | +€170,114 | +20.5% |
| Fixed assets | 21/28 | €45,880 | €36,076 | -€9,804 | -21.4% |
| Tangible fixed assets | 22/27 | €45,880 | €36,076 | -€9,804 | -21.4% |
| Plant, machinery and equipment | 23 | - | €1,149 | +€1,149 | |
| Furniture and vehicles | 24 | €45,880 | €34,926 | -€10,954 | -23.9% |
| Current assets | 29/58 | €785,227 | €965,145 | +€179,918 | +22.9% |
| Amounts receivable within one year | 40/41 | €57 | €8,493 | +€8,436 | +14,866% |
| Other amounts receivable | 41 | €57 | €8,493 | +€8,436 | +14,866% |
| Current investments | 50/53 | €677,042 | €786,222 | +€109,180 | +16.1% |
| Cash at bank and in hand | 54/58 | €108,128 | €169,692 | +€61,564 | +56.9% |
| Deferred charges and accrued income | 490/1 | - | €738 | +€738 | |
| Total equity and liabilities | 10/49 | €831,107 | €1,001,221 | +€170,114 | +20.5% |
| Equity | 10/15 | €825,030 | €980,076 | +€155,045 | +18.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €812,630 | €967,676 | +€155,045 | +19.1% |
| Distributable reserves | 133 | €812,630 | €967,676 | +€155,045 | +19.1% |
| Amounts payable | 17/49 | €6,077 | €21,145 | +€15,068 | +248% |
| Amounts payable within one year | 42/48 | €6,077 | €21,145 | +€15,068 | +248% |
| Trade debts | 44 | €1,641 | €2,235 | +€595 | +36.3% |
| Suppliers | 440/4 | €1,641 | €2,235 | +€595 | +36.3% |
| Taxes, remuneration and social security | 45 | €4,436 | €18,910 | +€14,473 | +326% |
| Taxes | 450/3 | €4,436 | €18,910 | +€14,473 | +326% |
| Non-recurring operating income | 76A | €16,000 | €0 | -€16,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,889 | €10,978 | +€2,090 | +23.5% |
| Other operating charges | 640/8 | €451 | €400 | -€51 | -11.4% |
| Gross operating margin | 9900 | €190,721 | €213,550 | +€22,828 | +12.0% |
| Operating profit (loss) | 9901 | €181,382 | €202,171 | +€20,790 | +11.5% |
| Financial income | 75/76B | €3,016 | €23,780 | +€20,765 | +689% |
| Recurring financial income | 75 | €3,016 | €23,780 | +€20,765 | +689% |
| Financial charges | 65/66B | - | €72 | +€72 | |
| Recurring financial charges | 65 | - | €72 | +€72 | |
| Profit (loss) for the period before taxes | 9903 | €184,397 | €225,880 | +€41,482 | +22.5% |
| Income taxes | 67/77 | €55,341 | €70,834 | +€15,493 | +28.0% |
| Profit (loss) for the period | 9904 | €129,056 | €155,045 | +€25,989 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €129,056 | €155,045 | +€25,989 | +20.1% |
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 22 October 2026 via checked.be.