PHIL'OPTIC: 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'OPTIC
Largest movements
- Tangible fixed assets +€46,620
up €46,620 (+1,103%), from €4,225 to €50,845
- Receivables within one year +€43,849
up €43,849 (+101%), from €43,548 to €87,397
of which Trade receivables: +€28,146
- Receivables after one year -€18,000
down €18,000 (-25.0%), from €72,000 to €54,000
- Cash +€15,126
up €15,126 (+182%), from €8,316 to €23,442
mainly Net result for the year (+€38,080) and Advances received (+€37,865)
- Advances received +€37,865
up €37,865 (+1,515%), from €2,500 to €40,365
- Debts after one year +€31,054
new in 2025: €31,054
- Reserves +€15,500
up €15,500 (+15.1%), from €102,976 to €118,476
of which Distributable reserves: +€15,500
- Current portion of long-term debt +€5,388
up €5,388 (+153%), from €3,533 to €8,921
- Gross operating margin +€22,166
up €22,166 (+25.7%), from €86,105 to €108,271
- Depreciation -€6,133
down €6,133 (-59.5%), from €10,312 to €4,179
- Taxes +€5,654
up €5,654 (+72.2%), from €7,828 to €13,482
- Staff costs -€1,203
down €1,203 (-2.2%), from €54,086 to €52,884
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 | €129,415 | €218,318 | +€88,903 | +68.7% |
| Fixed assets | 21/28 | €4,225 | €50,845 | +€46,620 | +1,103% |
| Tangible fixed assets | 22/27 | €4,225 | €50,845 | +€46,620 | +1,103% |
| Furniture and vehicles | 24 | €4,225 | €50,845 | +€46,620 | +1,103% |
| Current assets | 29/58 | €125,190 | €167,473 | +€42,283 | +33.8% |
| Amounts receivable after more than one year | 29 | €72,000 | €54,000 | -€18,000 | -25.0% |
| Other amounts receivable | 291 | €72,000 | €54,000 | -€18,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €43,548 | €87,397 | +€43,849 | +101% |
| Trade receivables | 40 | €10,726 | €38,872 | +€28,146 | +262% |
| Other amounts receivable | 41 | €32,822 | €48,525 | +€15,703 | +47.8% |
| Cash at bank and in hand | 54/58 | €8,316 | €23,442 | +€15,126 | +182% |
| Deferred charges and accrued income | 490/1 | €1,326 | €2,635 | +€1,309 | +98.7% |
| Total equity and liabilities | 10/49 | €129,415 | €218,318 | +€88,903 | +68.7% |
| Equity | 10/15 | €109,686 | €125,266 | +€15,580 | +14.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €102,976 | €118,476 | +€15,500 | +15.1% |
| 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 | €101,117 | €116,617 | +€15,500 | +15.3% |
| Profit (loss) carried forward | 14 | €512 | €592 | +€80 | +15.6% |
| Amounts payable | 17/49 | €19,729 | €93,052 | +€73,323 | +372% |
| Amounts payable after more than one year | 17 | - | €31,054 | +€31,054 | |
| Financial debts | 170/4 | - | €31,054 | +€31,054 | |
| Amounts payable within one year | 42/48 | €19,729 | €61,998 | +€42,269 | +214% |
| Current portion of amounts payable after more than one year | 42 | €3,533 | €8,921 | +€5,388 | +153% |
| Trade debts | 44 | €4,789 | €5,166 | +€377 | +7.9% |
| Suppliers | 440/4 | €4,789 | €5,166 | +€377 | +7.9% |
| Advances received on contracts in progress | 46 | €2,500 | €40,365 | +€37,865 | +1,515% |
| Taxes, remuneration and social security | 45 | €8,908 | €7,547 | -€1,361 | -15.3% |
| Taxes | 450/3 | €1,477 | €682 | -€795 | -53.8% |
| Remuneration and social security | 454/9 | €7,430 | €6,865 | -€565 | -7.6% |
| Remuneration, social security and pensions | 62 | €54,086 | €52,884 | -€1,203 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,312 | €4,179 | -€6,133 | -59.5% |
| Other operating charges | 640/8 | €1,221 | €1,725 | +€504 | +41.3% |
| Gross operating margin | 9900 | €86,105 | €108,271 | +€22,166 | +25.7% |
| Operating profit (loss) | 9901 | €20,485 | €49,483 | +€28,998 | +142% |
| Financial income | 75/76B | €2,846 | €3,055 | +€209 | +7.3% |
| Recurring financial income | 75 | €2,846 | €3,055 | +€209 | +7.3% |
| Financial charges | 65/66B | €486 | €976 | +€490 | +101% |
| Recurring financial charges | 65 | €486 | €976 | +€490 | +101% |
| Profit (loss) for the period before taxes | 9903 | €22,845 | €51,562 | +€28,717 | +126% |
| Income taxes | 67/77 | €7,828 | €13,482 | +€5,654 | +72.2% |
| Profit (loss) for the period | 9904 | €15,017 | €38,080 | +€23,063 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €15,017 | €38,080 | +€23,063 | +154% |
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 15 October 2026 via checked.be.