PETER PHILIPS: 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.
PETER PHILIPS
Largest movements
- Cash +€17,761
up €17,761 (+68.5%), from €25,937 to €43,699
mainly Net result for the year (+€17,816) and Depreciation (+€10,750)
- Tangible fixed assets -€10,750
down €10,750 (-20.8%), from €51,723 to €40,973
- Reserves +€17,000
up €17,000 (+100.0%), from €17,000 to €34,000
- Debts after one year -€9,258
down €9,258 (-24.7%), from €37,523 to €28,265
- Tax, wage and social debts -€1,500
down €1,500 (-30.9%), from €4,857 to €3,357
of which Remuneration and social security: -€1,500
- Other debts -€1,206
down €1,206 (-35.6%), from €3,391 to €2,185
- Trade debts +€992
up €992 (+143.6%), from €691 to €1,682
- Depreciation +€8,723
up €8,723 (+430.4%), from €2,027 to €10,750
- Gross operating margin +€8,321
up €8,321 (+28.9%), from €28,820 to €37,141
- Financial charges +€1,084
up €1,084 (+176.3%), from €615 to €1,698
- Taxes -€542
down €542 (-7.4%), from €7,357 to €6,815
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 | €77,661 | €84,857 | +€7,197 | +9.3% |
| Fixed assets | 21/28 | €51,723 | €40,973 | -€10,750 | -20.8% |
| Tangible fixed assets | 22/27 | €51,723 | €40,973 | -€10,750 | -20.8% |
| Furniture and vehicles | 24 | €51,723 | €40,973 | -€10,750 | -20.8% |
| Current assets | 29/58 | €25,937 | €43,884 | +€17,947 | +69.2% |
| Amounts receivable within one year | 40/41 | - | €185 | +€185 | |
| Other amounts receivable | 41 | - | €185 | +€185 | |
| Cash at bank and in hand | 54/58 | €25,937 | €43,699 | +€17,761 | +68.5% |
| Total equity and liabilities | 10/49 | €77,661 | €84,857 | +€7,197 | +9.3% |
| Equity | 10/15 | €22,294 | €40,110 | +€17,816 | +79.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €34,000 | +€17,000 | +100.0% |
| Distributable reserves | 133 | €17,000 | €34,000 | +€17,000 | +100.0% |
| Profit (loss) carried forward | 14 | €294 | €1,110 | +€816 | +278.0% |
| Amounts payable | 17/49 | €55,367 | €44,747 | -€10,620 | -19.2% |
| Amounts payable after more than one year | 17 | €37,523 | €28,265 | -€9,258 | -24.7% |
| Financial debts | 170/4 | €37,523 | €28,265 | -€9,258 | -24.7% |
| Amounts payable within one year | 42/48 | €17,844 | €16,482 | -€1,362 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €8,906 | €9,258 | +€352 | +4.0% |
| Trade debts | 44 | €691 | €1,682 | +€992 | +143.6% |
| Suppliers | 440/4 | €691 | €1,682 | +€992 | +143.6% |
| Taxes, remuneration and social security | 45 | €4,857 | €3,357 | -€1,500 | -30.9% |
| Taxes | 450/3 | €2,357 | €2,357 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,500 | €1,000 | -€1,500 | -60.0% |
| Other amounts payable | 47/48 | €3,391 | €2,185 | -€1,206 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,027 | €10,750 | +€8,723 | +430.4% |
| Other operating charges | 640/8 | €319 | €62 | -€257 | -80.6% |
| Non-recurring operating charges | 66A | €1,210 | - | -€1,210 | |
| Gross operating margin | 9900 | €28,820 | €37,141 | +€8,321 | +28.9% |
| Operating profit (loss) | 9901 | €25,265 | €26,329 | +€1,065 | +4.2% |
| Financial charges | 65/66B | €615 | €1,698 | +€1,084 | +176.3% |
| Recurring financial charges | 65 | €615 | €1,698 | +€1,084 | +176.3% |
| Profit (loss) for the period before taxes | 9903 | €24,650 | €24,631 | -€19 | -0.1% |
| Income taxes | 67/77 | €7,357 | €6,815 | -€542 | -7.4% |
| Profit (loss) for the period | 9904 | €17,294 | €17,816 | +€523 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,294 | €17,816 | +€523 | +3.0% |
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 8 October 2026 via checked.be.