PHIL-IT: 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-IT
Largest movements
- Receivables within one year +€100,864
up €100,864 (+324.4%), from €31,096 to €131,960
of which Trade receivables: +€108,961
- Tangible fixed assets +€20,415
up €20,415 (+214.1%), from €9,536 to €29,951
of which Leasing and similar rights: +€22,995
- Financial fixed assets +€9,240
up €9,240 (+103.5%), from €8,928 to €18,168
- Cash +€6,603
up €6,603 (+20.3%), from €32,582 to €39,186
mainly Net result for the year (+€105,177) and Tax, wage and social debts (+€23,637)
- Reserves +€82,000
up €82,000 (+120.6%), from €68,000 to €150,000
- Tax, wage and social debts +€23,637
up €23,637 (+960.7%), from €2,460 to €26,097
- Debts after one year +€18,460
new in 2025: €18,460
- Profit (loss) carried forward +€10,034
up €10,034 (+472.0%), from €2,126 to €12,160
- Current portion of long-term debt +€4,527
new in 2025: €4,527
- Gross operating margin +€129,309
up €129,309 (+1555.9%), from €8,311 to €137,619
- Taxes +€23,167
up €23,167 (+16604.5%), from €140 to €23,306
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 | €83,368 | €221,476 | +€138,108 | +165.7% |
| Fixed assets | 21/28 | €18,464 | €48,119 | +€29,655 | +160.6% |
| Tangible fixed assets | 22/27 | €9,536 | €29,951 | +€20,415 | +214.1% |
| Plant, machinery and equipment | 23 | €3,537 | €3,106 | -€430 | -12.2% |
| Furniture and vehicles | 24 | €5,999 | €3,850 | -€2,149 | -35.8% |
| Leasing and similar rights | 25 | - | €22,995 | +€22,995 | |
| Financial fixed assets | 28 | €8,928 | €18,168 | +€9,240 | +103.5% |
| Current assets | 29/58 | €64,904 | €173,357 | +€108,453 | +167.1% |
| Amounts receivable within one year | 40/41 | €31,096 | €131,960 | +€100,864 | +324.4% |
| Trade receivables | 40 | €22,999 | €131,960 | +€108,961 | +473.8% |
| Other amounts receivable | 41 | €8,097 | - | -€8,097 | |
| Cash at bank and in hand | 54/58 | €32,582 | €39,186 | +€6,603 | +20.3% |
| Deferred charges and accrued income | 490/1 | €1,225 | €2,211 | +€986 | +80.5% |
| Total equity and liabilities | 10/49 | €83,368 | €221,476 | +€138,108 | +165.7% |
| Equity | 10/15 | €76,484 | €168,518 | +€92,034 | +120.3% |
| Contributions | 10/11 | €6,358 | €6,358 | = | 0.0% |
| Reserves | 13 | €68,000 | €150,000 | +€82,000 | +120.6% |
| Distributable reserves | 133 | €68,000 | €150,000 | +€82,000 | +120.6% |
| Profit (loss) carried forward | 14 | €2,126 | €12,160 | +€10,034 | +472.0% |
| Amounts payable | 17/49 | €6,884 | €52,958 | +€46,074 | +669.3% |
| Amounts payable after more than one year | 17 | - | €18,460 | +€18,460 | |
| Financial debts | 170/4 | - | €18,460 | +€18,460 | |
| Amounts payable within one year | 42/48 | €6,884 | €34,498 | +€27,614 | +401.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,527 | +€4,527 | |
| Trade debts | 44 | €4,423 | €2,458 | -€1,966 | -44.4% |
| Suppliers | 440/4 | €4,423 | €2,458 | -€1,966 | -44.4% |
| Taxes, remuneration and social security | 45 | €2,460 | €26,097 | +€23,637 | +960.7% |
| Taxes | 450/3 | €2,460 | €26,097 | +€23,637 | +960.7% |
| Other amounts payable | 47/48 | - | €1,416 | +€1,416 | |
| Non-recurring operating income | 76A | - | €39,240 | +€39,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,681 | €6,405 | +€724 | +12.7% |
| Other operating charges | 640/8 | €810 | €2,180 | +€1,370 | +169.1% |
| Gross operating margin | 9900 | €8,311 | €137,619 | +€129,309 | +1555.9% |
| Operating profit (loss) | 9901 | €1,820 | €129,035 | +€127,215 | +6990.8% |
| Financial income | 75/76B | €26 | €6 | -€20 | -75.4% |
| Recurring financial income | 75 | €26 | €6 | -€20 | -75.4% |
| Financial charges | 65/66B | €195 | €558 | +€363 | +185.9% |
| Recurring financial charges | 65 | €195 | €558 | +€363 | +185.9% |
| Profit (loss) for the period before taxes | 9903 | €1,651 | €128,483 | +€126,832 | +7682.7% |
| Income taxes | 67/77 | €140 | €23,306 | +€23,167 | +16604.5% |
| Profit (loss) for the period | 9904 | €1,511 | €105,177 | +€103,666 | +6859.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,511 | €105,177 | +€103,666 | +6859.1% |
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 9 October 2026 via checked.be.