FILIPAUL: 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.
FILIPAUL
Largest movements
- Receivables within one year -€31,118
down €31,118 (-23.4%), from €132,704 to €101,586
of which Other amounts receivable: -€57,694
- Cash -€4,548
down €4,548 (-35.7%), from €12,755 to €8,207
mainly Other debts (-€51,107) and Trade debts (-€4,546)
- Deferred charges and accrued income +€2,652
new in 2025: €2,652
- Other debts -€51,107
no longer reported in 2025 (was €51,107)
- Profit (loss) carried forward +€15,921
up €15,921 (+36.2%), from €44,042 to €59,963
- Tax, wage and social debts +€6,717
up €6,717 (+520.6%), from €1,290 to €8,007
- Trade debts -€4,546
down €4,546 (-14.5%), from €31,450 to €26,904
- Purchases and services -€68,108
down €68,108 (-37.8%), from €180,251 to €112,144
- Turnover -€61,597
down €61,597 (-31.2%), from €197,704 to €136,107
- Depreciation -€9,879
no longer reported in 2025 (was €9,879)
- Gross operating margin +€6,511
up €6,511 (+37.3%), from €17,453 to €23,964
- Other operating charges -€5,497
down €5,497 (-89.0%), from €6,174 to €677
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 | €146,489 | €113,475 | -€33,014 | -22.5% |
| Fixed assets | 21/28 | €1,030 | €1,030 | = | 0.0% |
| Financial fixed assets | 28 | €1,030 | €1,030 | = | 0.0% |
| Current assets | 29/58 | €145,459 | €112,445 | -€33,014 | -22.7% |
| Amounts receivable within one year | 40/41 | €132,704 | €101,586 | -€31,118 | -23.4% |
| Trade receivables | 40 | €5,782 | €32,357 | +€26,575 | +459.6% |
| Other amounts receivable | 41 | €126,922 | €69,229 | -€57,694 | -45.5% |
| Cash at bank and in hand | 54/58 | €12,755 | €8,207 | -€4,548 | -35.7% |
| Deferred charges and accrued income | 490/1 | - | €2,652 | +€2,652 | |
| Total equity and liabilities | 10/49 | €146,489 | €113,475 | -€33,014 | -22.5% |
| Equity | 10/15 | €62,642 | €78,563 | +€15,921 | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,042 | €59,963 | +€15,921 | +36.2% |
| Amounts payable | 17/49 | €83,847 | €34,911 | -€48,936 | -58.4% |
| Amounts payable within one year | 42/48 | €83,847 | €34,911 | -€48,936 | -58.4% |
| Trade debts | 44 | €31,450 | €26,904 | -€4,546 | -14.5% |
| Suppliers | 440/4 | €31,450 | €26,904 | -€4,546 | -14.5% |
| Taxes, remuneration and social security | 45 | €1,290 | €8,007 | +€6,717 | +520.6% |
| Taxes | 450/3 | €1,290 | €8,007 | +€6,717 | +520.6% |
| Other amounts payable | 47/48 | €51,107 | - | -€51,107 | |
| Turnover | 70 | €197,704 | €136,107 | -€61,597 | -31.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €180,251 | €112,144 | -€68,108 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,879 | - | -€9,879 | |
| Other operating charges | 640/8 | €6,174 | €677 | -€5,497 | -89.0% |
| Gross operating margin | 9900 | €17,453 | €23,964 | +€6,511 | +37.3% |
| Operating profit (loss) | 9901 | €1,400 | €23,287 | +€21,887 | +1563.8% |
| Financial charges | 65/66B | €2,361 | €2,138 | -€223 | -9.4% |
| Recurring financial charges | 65 | €2,361 | €2,138 | -€223 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€962 | €21,148 | +€22,110 | |
| Income taxes | 67/77 | - | €5,227 | +€5,227 | |
| Profit (loss) for the period | 9904 | -€962 | €15,921 | +€16,883 | |
| Profit (loss) for the period to be appropriated | 9905 | -€962 | €15,921 | +€16,883 |
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 12 October 2026 via checked.be.