PAELINCK PHILIP: 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.
PAELINCK PHILIP
Largest movements
- Current investments -€129,906
down €129,906 (-8.3%), from €1.6m to €1.4m
- Financial fixed assets +€127,500
new in 2025: €127,500
- Deferred charges and accrued income -€34,315
down €34,315 (-85.9%), from €39,961 to €5,646
- Tangible fixed assets -€26,603
down €26,603 (-8.5%), from €311,999 to €285,396
of which Furniture and vehicles: -€16,380
- Other debts -€291,292
down €291,292 (-26.8%), from €1.1m to €794,884
- Reserves +€178,402
up €178,402 (+15.6%), from €1.1m to €1.3m
- Accrued charges and deferred income +€27,807
up €27,807 (+341%), from €8,143 to €35,950
- Gross operating margin -€191,028
down €191,028 (-28.1%), from €680,507 to €489,479
- Financial income +€52,142
up €52,142 (+107%), from €48,625 to €100,767
- Taxes -€50,673
down €50,673 (-26.5%), from €191,300 to €140,627
- Financial charges +€24,685
up €24,685 (+141%), from €17,497 to €42,182
- Depreciation +€7,974
up €7,974 (+42.8%), from €18,629 to €26,603
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 | €2,414,849 | €2,326,231 | -€88,618 | -3.7% |
| Fixed assets | 21/28 | €311,999 | €412,896 | +€100,897 | +32.3% |
| Tangible fixed assets | 22/27 | €311,999 | €285,396 | -€26,603 | -8.5% |
| Land and buildings | 22 | €233,580 | €224,804 | -€8,776 | -3.8% |
| Plant, machinery and equipment | 23 | €4,558 | €3,111 | -€1,447 | -31.7% |
| Furniture and vehicles | 24 | €73,861 | €57,481 | -€16,380 | -22.2% |
| Financial fixed assets | 28 | - | €127,500 | +€127,500 | |
| Current assets | 29/58 | €2,102,850 | €1,913,335 | -€189,515 | -9.0% |
| Stocks and contracts in progress | 3 | €231,967 | €231,967 | = | 0.0% |
| Stocks | 30/36 | €231,967 | €231,967 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €202,464 | €194,744 | -€7,720 | -3.8% |
| Trade receivables | 40 | €7,090 | - | -€7,090 | |
| Other amounts receivable | 41 | €195,374 | €194,744 | -€630 | -0.3% |
| Current investments | 50/53 | €1,573,672 | €1,443,766 | -€129,906 | -8.3% |
| Cash at bank and in hand | 54/58 | €54,786 | €37,212 | -€17,574 | -32.1% |
| Deferred charges and accrued income | 490/1 | €39,961 | €5,646 | -€34,315 | -85.9% |
| Total equity and liabilities | 10/49 | €2,414,849 | €2,326,231 | -€88,618 | -3.7% |
| Equity | 10/15 | €1,163,661 | €1,342,063 | +€178,402 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,145,061 | €1,323,463 | +€178,402 | +15.6% |
| Distributable reserves | 133 | €1,145,061 | €1,323,463 | +€178,402 | +15.6% |
| Amounts payable | 17/49 | €1,251,188 | €984,168 | -€267,020 | -21.3% |
| Amounts payable after more than one year | 17 | €110,548 | €102,653 | -€7,895 | -7.1% |
| Financial debts | 170/4 | €110,548 | €102,653 | -€7,895 | -7.1% |
| Amounts payable within one year | 42/48 | €1,132,497 | €845,565 | -€286,932 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €7,797 | €7,895 | +€98 | +1.3% |
| Financial debts | 43 | - | €16 | +€16 | |
| Credit institutions | 430/8 | - | €16 | +€16 | |
| Trade debts | 44 | €348 | €4,398 | +€4,050 | +1,164% |
| Suppliers | 440/4 | €348 | €4,398 | +€4,050 | +1,164% |
| Taxes, remuneration and social security | 45 | €38,176 | €38,372 | +€196 | +0.5% |
| Taxes | 450/3 | €38,176 | €38,372 | +€196 | +0.5% |
| Other amounts payable | 47/48 | €1,086,176 | €794,884 | -€291,292 | -26.8% |
| Accrued charges and deferred income | 492/3 | €8,143 | €35,950 | +€27,807 | +341% |
| Non-recurring operating income | 76A | €94,693 | - | -€94,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,629 | €26,603 | +€7,974 | +42.8% |
| Other operating charges | 640/8 | €3,079 | €2,432 | -€647 | -21.0% |
| Gross operating margin | 9900 | €680,507 | €489,479 | -€191,028 | -28.1% |
| Operating profit (loss) | 9901 | €658,799 | €460,444 | -€198,355 | -30.1% |
| Financial income | 75/76B | €48,625 | €100,767 | +€52,142 | +107% |
| Recurring financial income | 75 | €48,625 | €100,767 | +€52,142 | +107% |
| Financial charges | 65/66B | €17,497 | €42,182 | +€24,685 | +141% |
| Recurring financial charges | 65 | €17,497 | €42,182 | +€24,685 | +141% |
| Profit (loss) for the period before taxes | 9903 | €689,927 | €519,029 | -€170,898 | -24.8% |
| Income taxes | 67/77 | €191,300 | €140,627 | -€50,673 | -26.5% |
| Profit (loss) for the period | 9904 | €498,627 | €378,402 | -€120,225 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €498,627 | €378,402 | -€120,225 | -24.1% |
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 28 October 2026 via checked.be.