Phil & C°: 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.
Phil & C°
Largest movements
- Tangible fixed assets -€16,429
down €16,429 (-56.7%), from €28,989 to €12,560
of which Furniture and vehicles: -€17,621
- Profit (loss) carried forward -€12,660
down €12,660 (-38.1%), from -€33,268 to -€45,928
- Short-term financial debts -€3,500
down €3,500 (-1.8%), from €191,500 to €188,000
- Depreciation +€10,031
up €10,031 (+125%), from €8,000 to €18,031
- Financial charges -€1,885
down €1,885 (-14.2%), from €13,243 to €11,359
- Financial income -€1,193
down €1,193 (-4.1%), from €29,135 to €27,942
- Gross operating margin -€1,132
down €1,132 (-12.0%), from -€9,451 to -€10,583
- Taxes +€182
up €182, from -€72 to €109
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 | €345,008 | €329,091 | -€15,918 | -4.6% |
| Fixed assets | 21/28 | €28,989 | €12,560 | -€16,429 | -56.7% |
| Tangible fixed assets | 22/27 | €28,989 | €12,560 | -€16,429 | -56.7% |
| Plant, machinery and equipment | 23 | €1,089 | €2,281 | +€1,192 | +109% |
| Furniture and vehicles | 24 | €27,900 | €10,279 | -€17,621 | -63.2% |
| Current assets | 29/58 | €316,019 | €316,531 | +€512 | +0.2% |
| Amounts receivable within one year | 40/41 | €309,137 | €309,858 | +€721 | +0.2% |
| Trade receivables | 40 | €1,130 | €1,851 | +€721 | +63.8% |
| Other amounts receivable | 41 | €308,006 | €308,006 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,883 | €6,673 | -€209 | -3.0% |
| Total equity and liabilities | 10/49 | €345,008 | €329,091 | -€15,918 | -4.6% |
| Equity | 10/15 | €77,724 | €65,064 | -€12,660 | -16.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,992 | €10,992 | = | 0.0% |
| Distributable reserves | 133 | €10,992 | €10,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,268 | -€45,928 | -€12,660 | -38.1% |
| Amounts payable | 17/49 | €267,284 | €264,026 | -€3,258 | -1.2% |
| Amounts payable within one year | 42/48 | €267,284 | €264,026 | -€3,258 | -1.2% |
| Financial debts | 43 | €191,500 | €188,000 | -€3,500 | -1.8% |
| Credit institutions | 430/8 | €191,500 | €188,000 | -€3,500 | -1.8% |
| Trade debts | 44 | €7,532 | €9,850 | +€2,318 | +30.8% |
| Suppliers | 440/4 | €7,532 | €9,850 | +€2,318 | +30.8% |
| Taxes, remuneration and social security | 45 | €3,400 | €3,014 | -€386 | -11.3% |
| Taxes | 450/3 | €895 | €510 | -€386 | -43.1% |
| Remuneration and social security | 454/9 | €2,504 | €2,504 | = | 0.0% |
| Other amounts payable | 47/48 | €64,853 | €63,163 | -€1,690 | -2.6% |
| Non-recurring operating income | 76A | €414 | - | -€414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,000 | €18,031 | +€10,031 | +125% |
| Other operating charges | 640/8 | €655 | €520 | -€136 | -20.7% |
| Gross operating margin | 9900 | -€9,451 | -€10,583 | -€1,132 | -12.0% |
| Operating profit (loss) | 9901 | -€18,106 | -€29,133 | -€11,027 | -60.9% |
| Financial income | 75/76B | €29,135 | €27,942 | -€1,193 | -4.1% |
| Recurring financial income | 75 | €29,135 | €27,942 | -€1,193 | -4.1% |
| Financial charges | 65/66B | €13,243 | €11,359 | -€1,885 | -14.2% |
| Recurring financial charges | 65 | €13,243 | €11,359 | -€1,885 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,215 | -€12,550 | -€10,335 | -467% |
| Income taxes | 67/77 | -€72 | €109 | +€182 | |
| Profit (loss) for the period | 9904 | -€2,143 | -€12,660 | -€10,517 | -491% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,143 | -€12,660 | -€10,517 | -491% |
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 14 October 2026 via checked.be.