PHIL CONCEPT: 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 CONCEPT
Largest movements
- Deferred charges and accrued income +€195,721
up €195,721 (+199,552%), from €98 to €195,819
- Financial fixed assets -€175,000
no longer reported in 2025 (was €175,000)
- Cash +€4,679
up €4,679 (+101%), from €4,646 to €9,325
mainly Investment in fixed assets (net) (+€172,838) and Net result for the year (+€45,553)
- Profit (loss) carried forward +€45,553
up €45,553 (+32.4%), from -€140,695 to -€95,142
- Debts after one year -€14,250
down €14,250 (-7.2%), from €198,591 to €184,341
- Other debts -€7,552
down €7,552 (-69.1%), from €10,928 to €3,376
- Financial income +€20,712
up €20,712 (+296,303%), from €7 to €20,719
- Gross operating margin +€11,500
up €11,500 (+67.7%), from €16,977 to €28,477
- Other operating charges -€913
down €913 (-64.7%), from €1,410 to €498
- Depreciation +€671
up €671 (+126%), from €532 to €1,203
- Financial charges -€426
down €426 (-18.0%), from €2,367 to €1,941
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 | €187,077 | €212,362 | +€25,285 | +13.5% |
| Fixed assets | 21/28 | €177,121 | €3,080 | -€174,041 | -98.3% |
| Tangible fixed assets | 22/27 | €2,121 | €3,080 | +€959 | +45.2% |
| Furniture and vehicles | 24 | €2,121 | €3,080 | +€959 | +45.2% |
| Financial fixed assets | 28 | €175,000 | - | -€175,000 | |
| Current assets | 29/58 | €9,956 | €209,281 | +€199,326 | +2,002% |
| Amounts receivable within one year | 40/41 | €5,212 | €4,138 | -€1,073 | -20.6% |
| Trade receivables | 40 | €5,212 | €4,138 | -€1,073 | -20.6% |
| Cash at bank and in hand | 54/58 | €4,646 | €9,325 | +€4,679 | +101% |
| Deferred charges and accrued income | 490/1 | €98 | €195,819 | +€195,721 | +199,552% |
| Total equity and liabilities | 10/49 | €187,077 | €212,362 | +€25,285 | +13.5% |
| Equity | 10/15 | -€40,695 | €4,858 | +€45,553 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,695 | -€95,142 | +€45,553 | +32.4% |
| Amounts payable | 17/49 | €227,772 | €207,503 | -€20,268 | -8.9% |
| Amounts payable after more than one year | 17 | €198,591 | €184,341 | -€14,250 | -7.2% |
| Financial debts | 170/4 | €198,591 | €184,341 | -€14,250 | -7.2% |
| Amounts payable within one year | 42/48 | €29,181 | €23,162 | -€6,019 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €17,076 | €17,162 | +€87 | +0.5% |
| Trade debts | 44 | €133 | €900 | +€767 | +576% |
| Suppliers | 440/4 | €133 | €900 | +€767 | +576% |
| Taxes, remuneration and social security | 45 | €1,044 | €1,724 | +€680 | +65.1% |
| Taxes | 450/3 | €1,044 | €1,724 | +€680 | +65.1% |
| Other amounts payable | 47/48 | €10,928 | €3,376 | -€7,552 | -69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532 | €1,203 | +€671 | +126% |
| Other operating charges | 640/8 | €1,410 | €498 | -€913 | -64.7% |
| Gross operating margin | 9900 | €16,977 | €28,477 | +€11,500 | +67.7% |
| Operating profit (loss) | 9901 | €15,034 | €26,776 | +€11,742 | +78.1% |
| Financial income | 75/76B | €7 | €20,719 | +€20,712 | +296,303% |
| Recurring financial income | 75 | €7 | €20,719 | +€20,712 | +296,303% |
| Financial charges | 65/66B | €2,367 | €1,941 | -€426 | -18.0% |
| Recurring financial charges | 65 | €2,367 | €1,941 | -€426 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €12,674 | €45,553 | +€32,879 | +259% |
| Profit (loss) for the period | 9904 | €12,674 | €45,553 | +€32,879 | +259% |
| Profit (loss) for the period to be appropriated | 9905 | €12,674 | €45,553 | +€32,879 | +259% |
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.