PHIL CAR: 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 CAR
Largest movements
- Cash +€44,017
up €44,017 (+37.8%), from €116,385 to €160,402
mainly Other debts (+€127,391) and Net result for the year (+€69,059)
- Tangible fixed assets +€9,756
up €9,756 (+11.1%), from €87,810 to €97,566
of which Furniture and vehicles: +€11,784
- Intangible fixed assets -€4,000
down €4,000 (-50.0%), from €8,000 to €4,000
- Deferred charges and accrued income -€3,352
down €3,352 (-35.6%), from €9,409 to €6,057
- Other debts +€127,391
up €127,391 (+817.1%), from €15,591 to €142,982
- Reserves -€93,725
down €93,725 (-80.3%), from €116,725 to €23,000
- Debts after one year +€11,902
up €11,902 (+27.0%), from €44,040 to €55,942
- Tax, wage and social debts +€8,247
up €8,247 (+43.5%), from €18,971 to €27,217
of which Taxes: +€7,173
- Trade debts -€7,479
down €7,479 (-70.4%), from €10,620 to €3,141
- Gross operating margin +€41,979
up €41,979 (+20.2%), from €207,829 to €249,808
- Staff costs +€19,863
up €19,863 (+19.3%), from €102,757 to €122,621
- Depreciation +€8,293
up €8,293 (+34.7%), from €23,915 to €32,208
- Taxes +€2,989
up €2,989 (+21.6%), from €13,839 to €16,827
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 | €241,121 | €289,816 | +€48,696 | +20.2% |
| Fixed assets | 21/28 | €99,196 | €104,973 | +€5,777 | +5.8% |
| Intangible fixed assets | 21 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Tangible fixed assets | 22/27 | €87,810 | €97,566 | +€9,756 | +11.1% |
| Plant, machinery and equipment | 23 | €12,429 | €10,401 | -€2,027 | -16.3% |
| Furniture and vehicles | 24 | €75,382 | €87,165 | +€11,784 | +15.6% |
| Financial fixed assets | 28 | €3,386 | €3,406 | +€21 | +0.6% |
| Current assets | 29/58 | €141,925 | €184,843 | +€42,919 | +30.2% |
| Stocks and contracts in progress | 3 | €1,089 | €1,029 | -€61 | -5.6% |
| Stocks | 30/36 | €1,089 | €1,029 | -€61 | -5.6% |
| Amounts receivable within one year | 40/41 | €15,041 | €17,356 | +€2,315 | +15.4% |
| Trade receivables | 40 | €1,630 | €4,536 | +€2,907 | +178.3% |
| Other amounts receivable | 41 | €13,411 | €12,820 | -€591 | -4.4% |
| Cash at bank and in hand | 54/58 | €116,385 | €160,402 | +€44,017 | +37.8% |
| Deferred charges and accrued income | 490/1 | €9,409 | €6,057 | -€3,352 | -35.6% |
| Total equity and liabilities | 10/49 | €241,121 | €289,816 | +€48,696 | +20.2% |
| Equity | 10/15 | €135,325 | €36,384 | -€98,941 | -73.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,725 | €23,000 | -€93,725 | -80.3% |
| Distributable reserves | 133 | €116,725 | €23,000 | -€93,725 | -80.3% |
| Profit (loss) carried forward | 14 | - | -€5,216 | -€5,216 | |
| Amounts payable | 17/49 | €105,795 | €253,432 | +€147,637 | +139.5% |
| Amounts payable after more than one year | 17 | €44,040 | €55,942 | +€11,902 | +27.0% |
| Financial debts | 170/4 | €44,040 | €55,942 | +€11,902 | +27.0% |
| Amounts payable within one year | 42/48 | €61,753 | €197,490 | +€135,738 | +219.8% |
| Current portion of amounts payable after more than one year | 42 | €16,570 | €18,462 | +€1,891 | +11.4% |
| Trade debts | 44 | €10,620 | €3,141 | -€7,479 | -70.4% |
| Suppliers | 440/4 | €10,620 | €3,141 | -€7,479 | -70.4% |
| Advances received on contracts in progress | 46 | - | €5,688 | +€5,688 | |
| Taxes, remuneration and social security | 45 | €18,971 | €27,217 | +€8,247 | +43.5% |
| Taxes | 450/3 | €2,398 | €9,572 | +€7,173 | +299.1% |
| Remuneration and social security | 454/9 | €16,572 | €17,645 | +€1,073 | +6.5% |
| Other amounts payable | 47/48 | €15,591 | €142,982 | +€127,391 | +817.1% |
| Accrued charges and deferred income | 492/3 | €3 | €0 | -€3 | -100.0% |
| Non-recurring operating income | 76A | €1,328 | €644 | -€684 | -51.5% |
| Remuneration, social security and pensions | 62 | €102,757 | €122,621 | +€19,863 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,915 | €32,208 | +€8,293 | +34.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,984 | €0 | +€1,984 | |
| Other operating charges | 640/8 | €4,312 | €5,443 | +€1,132 | +26.2% |
| Gross operating margin | 9900 | €207,829 | €249,808 | +€41,979 | +20.2% |
| Operating profit (loss) | 9901 | €78,828 | €89,535 | +€10,707 | +13.6% |
| Financial income | 75/76B | €23 | €7 | -€16 | -69.1% |
| Recurring financial income | 75 | €23 | €7 | -€16 | -69.1% |
| Financial charges | 65/66B | €2,259 | €3,657 | +€1,397 | +61.8% |
| Recurring financial charges | 65 | €2,259 | €3,657 | +€1,397 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | €76,592 | €85,886 | +€9,294 | +12.1% |
| Income taxes | 67/77 | €13,839 | €16,827 | +€2,989 | +21.6% |
| Profit (loss) for the period | 9904 | €62,753 | €69,059 | +€6,305 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,753 | €69,059 | +€6,305 | +10.0% |
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.