PHIL GEE: 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 GEE
Largest movements
- Receivables within one year -€2,198
down €2,198 (-1.3%), from €173,344 to €171,146
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€780
down €780 (-91.8%), from -€849 to -€1,629
- Financial charges -€59
no longer reported in 2025 (was €59)
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 | €173,391 | €171,179 | -€2,213 | -1.3% |
| Current assets | 29/58 | €173,391 | €171,179 | -€2,213 | -1.3% |
| Amounts receivable within one year | 40/41 | €173,344 | €171,146 | -€2,198 | -1.3% |
| Other amounts receivable | 41 | €173,344 | €171,146 | -€2,198 | -1.3% |
| Cash at bank and in hand | 54/58 | €47 | €32 | -€15 | -31.5% |
| Total equity and liabilities | 10/49 | €173,391 | €171,179 | -€2,213 | -1.3% |
| Equity | 10/15 | €172,735 | €171,106 | -€1,629 | -0.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,859 | €16,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,284 | €135,655 | -€1,629 | -1.2% |
| Amounts payable | 17/49 | €657 | €73 | -€584 | -88.9% |
| Amounts payable within one year | 42/48 | €657 | €73 | -€584 | -88.9% |
| Trade debts | 44 | €657 | €73 | -€584 | -88.9% |
| Suppliers | 440/4 | €657 | €73 | -€584 | -88.9% |
| Gross operating margin | 9900 | -€849 | -€1,629 | -€780 | -91.8% |
| Operating profit (loss) | 9901 | -€849 | -€1,629 | -€780 | -91.8% |
| Financial charges | 65/66B | €59 | - | -€59 | |
| Recurring financial charges | 65 | €59 | - | -€59 | |
| Profit (loss) for the period before taxes | 9903 | -€908 | -€1,629 | -€721 | -79.5% |
| Profit (loss) for the period | 9904 | -€908 | -€1,629 | -€721 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€908 | -€1,629 | -€721 | -79.5% |
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 3 October 2026 via checked.be.