FILIPM: what changed
Two fiscal 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.
FILIPM
Largest movements
- Receivables within one year -€24,702
down €24,702 (-66.4%), from €37,189 to €12,487
of which Other amounts receivable: -€24,395
- Receivables after one year -€18,500
no longer reported in 2025 (was €18,500)
- Cash -€11,806
down €11,806 (-27.5%), from €42,872 to €31,066
mainly Contributions, distributions and other (-€100,998) and Investment in fixed assets (net) (-€16,347)
- Tangible fixed assets +€2,528
up €2,528 (+11.7%), from €21,574 to €24,101
of which Furniture and vehicles: +€2,871
- Reserves -€60,171
down €60,171 (-59.6%), from €100,998 to €40,827
- Other debts +€20,129
new in 2025: €20,129
- Tax, wage and social debts -€9,637
down €9,637 (-52.0%), from €18,523 to €8,885
- Trade debts -€3,002
down €3,002 (-79.4%), from €3,781 to €780
- Gross operating margin +€16,668
up €16,668 (+31.9%), from €52,171 to €68,839
- Depreciation +€6,986
up €6,986 (+102.2%), from €6,833 to €13,819
- Other operating charges +€3,352
up €3,352 (+476.0%), from €704 to €4,056
- Financial charges -€1,592
down €1,592 (-69.4%), from €2,295 to €703
- Taxes +€1,391
up €1,391 (+15.1%), from €9,187 to €10,577
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 | €125,302 | €72,822 | -€52,480 | -41.9% |
| Fixed assets | 21/28 | €21,574 | €24,101 | +€2,528 | +11.7% |
| Tangible fixed assets | 22/27 | €21,574 | €24,101 | +€2,528 | +11.7% |
| Plant, machinery and equipment | 23 | €691 | €348 | -€343 | -49.7% |
| Furniture and vehicles | 24 | €20,883 | €23,754 | +€2,871 | +13.7% |
| Current assets | 29/58 | €103,728 | €48,720 | -€55,008 | -53.0% |
| Amounts receivable after more than one year | 29 | €18,500 | - | -€18,500 | |
| Other amounts receivable | 291 | €18,500 | - | -€18,500 | |
| Stocks and contracts in progress | 3 | €5,168 | €5,168 | = | 0.0% |
| Stocks | 30/36 | €5,168 | €5,168 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,189 | €12,487 | -€24,702 | -66.4% |
| Trade receivables | 40 | €11,650 | €11,344 | -€307 | -2.6% |
| Other amounts receivable | 41 | €25,539 | €1,143 | -€24,395 | -95.5% |
| Cash at bank and in hand | 54/58 | €42,872 | €31,066 | -€11,806 | -27.5% |
| Total equity and liabilities | 10/49 | €125,302 | €72,822 | -€52,480 | -41.9% |
| Equity | 10/15 | €102,998 | €42,827 | -€60,171 | -58.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €100,998 | €40,827 | -€60,171 | -59.6% |
| Distributable reserves | 133 | €100,998 | €40,827 | -€60,171 | -59.6% |
| Amounts payable | 17/49 | €22,304 | €29,994 | +€7,690 | +34.5% |
| Amounts payable within one year | 42/48 | €22,304 | €29,794 | +€7,490 | +33.6% |
| Trade debts | 44 | €3,781 | €780 | -€3,002 | -79.4% |
| Suppliers | 440/4 | €3,781 | €780 | -€3,002 | -79.4% |
| Taxes, remuneration and social security | 45 | €18,523 | €8,885 | -€9,637 | -52.0% |
| Taxes | 450/3 | €18,523 | €8,885 | -€9,637 | -52.0% |
| Other amounts payable | 47/48 | - | €20,129 | +€20,129 | |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,833 | €13,819 | +€6,986 | +102.2% |
| Other operating charges | 640/8 | €704 | €4,056 | +€3,352 | +476.0% |
| Gross operating margin | 9900 | €52,171 | €68,839 | +€16,668 | +31.9% |
| Operating profit (loss) | 9901 | €44,634 | €50,963 | +€6,329 | +14.2% |
| Financial income | 75/76B | €1,380 | €1,144 | -€236 | -17.1% |
| Recurring financial income | 75 | €1,380 | €1,144 | -€236 | -17.1% |
| Financial charges | 65/66B | €2,295 | €703 | -€1,592 | -69.4% |
| Recurring financial charges | 65 | €2,295 | €703 | -€1,592 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €43,719 | €51,405 | +€7,686 | +17.6% |
| Income taxes | 67/77 | €9,187 | €10,577 | +€1,391 | +15.1% |
| Profit (loss) for the period | 9904 | €34,532 | €40,827 | +€6,295 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,532 | €40,827 | +€6,295 | +18.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.