PHIL. C.C.: 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.
PHIL. C.C.
Largest movements
- Receivables within one year +€653,341
up €653,341 (+175.3%), from €372,676 to €1.0m
of which Other amounts receivable: +€651,709
- Cash -€652,190
down €652,190 (-95.2%), from €685,302 to €33,111
mainly Receivables within one year (-€653,341) and Provisions (-€282,910)
- Tangible fixed assets -€23,572
down €23,572 (-15.4%), from €153,302 to €129,730
of which Land and buildings: -€13,513
- Profit (loss) carried forward +€898,662
up €898,662, from -€135,602 to €763,060
- Reserves -€848,730
down €848,730 (-93.9%), from €904,199 to €55,470
of which Tax-exempt reserves: -€848,730
- Provisions -€282,910
no longer reported in 2024 (was €282,910)
- Tax, wage and social debts +€264,943
up €264,943 (+11012.8%), from €2,406 to €267,349
- Debts after one year -€26,228
no longer reported in 2024 (was €26,228)
- Gross operating margin -€1.1m
down €1.1m (-94.1%), from €1.2m to €69,199
- Write-downs -€60,000
no longer reported in 2024 (was €60,000)
- Depreciation -€44,351
down €44,351 (-64.2%), from €69,097 to €24,746
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,211,420 | €1,189,989 | -€21,431 | -1.8% |
| Fixed assets | 21/28 | €153,442 | €129,870 | -€23,572 | -15.4% |
| Tangible fixed assets | 22/27 | €153,302 | €129,730 | -€23,572 | -15.4% |
| Land and buildings | 22 | €120,720 | €107,207 | -€13,513 | -11.2% |
| Furniture and vehicles | 24 | - | €1,089 | +€1,089 | |
| Other tangible fixed assets | 26 | €32,582 | €21,434 | -€11,148 | -34.2% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €1,057,978 | €1,060,119 | +€2,141 | +0.2% |
| Amounts receivable within one year | 40/41 | €372,676 | €1,026,018 | +€653,341 | +175.3% |
| Trade receivables | 40 | €14,682 | €16,314 | +€1,632 | +11.1% |
| Other amounts receivable | 41 | €357,995 | €1,009,704 | +€651,709 | +182.0% |
| Cash at bank and in hand | 54/58 | €685,302 | €33,111 | -€652,190 | -95.2% |
| Deferred charges and accrued income | 490/1 | - | €990 | +€990 | |
| Total equity and liabilities | 10/49 | €1,211,420 | €1,189,989 | -€21,431 | -1.8% |
| Equity | 10/15 | €843,098 | €893,030 | +€49,933 | +5.9% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Capital | 10 | €74,500 | €74,500 | = | 0.0% |
| Issued capital | 100 | €74,500 | €74,500 | = | 0.0% |
| Reserves | 13 | €904,199 | €55,470 | -€848,730 | -93.9% |
| Non-distributable reserves | 130/1 | €7,570 | €7,570 | = | 0.0% |
| Legal reserve | 130 | €7,570 | €7,570 | = | 0.0% |
| Tax-exempt reserves | 132 | €848,730 | - | -€848,730 | |
| Distributable reserves | 133 | €47,900 | €47,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,602 | €763,060 | +€898,662 | |
| Provisions and deferred taxes | 16 | €282,910 | - | -€282,910 | |
| Deferred taxes | 168 | €282,910 | - | -€282,910 | |
| Amounts payable | 17/49 | €85,413 | €296,959 | +€211,546 | +247.7% |
| Amounts payable after more than one year | 17 | €26,228 | - | -€26,228 | |
| Financial debts | 170/4 | €26,228 | - | -€26,228 | |
| Amounts payable within one year | 42/48 | €59,185 | €295,760 | +€236,575 | +399.7% |
| Current portion of amounts payable after more than one year | 42 | €44,429 | €26,228 | -€18,201 | -41.0% |
| Trade debts | 44 | €12,351 | €2,184 | -€10,167 | -82.3% |
| Suppliers | 440/4 | €12,351 | €2,184 | -€10,167 | -82.3% |
| Taxes, remuneration and social security | 45 | €2,406 | €267,349 | +€264,943 | +11012.8% |
| Taxes | 450/3 | €2,406 | €267,349 | +€264,943 | +11012.8% |
| Accrued charges and deferred income | 492/3 | - | €1,199 | +€1,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,097 | €24,746 | -€44,351 | -64.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €60,000 | - | -€60,000 | |
| Other operating charges | 640/8 | €21,812 | €10,236 | -€11,576 | -53.1% |
| Gross operating margin | 9900 | €1,180,551 | €69,199 | -€1.1m | -94.1% |
| Operating profit (loss) | 9901 | €1,029,642 | €34,217 | -€995,424 | -96.7% |
| Financial charges | 65/66B | €1,774 | €1,194 | -€580 | -32.7% |
| Recurring financial charges | 65 | €1,774 | €1,194 | -€580 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €1,027,868 | €33,023 | -€994,845 | -96.8% |
| Transfer to deferred taxes | 680 | €282,910 | - | -€282,910 | |
| Profit (loss) for the period | 9904 | €744,958 | €33,023 | -€711,935 | -95.6% |
| Transfer to tax-exempt reserves | 689 | €848,730 | - | -€848,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103,772 | €33,023 | +€136,794 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.