PHIL-WOOD: 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-WOOD
Largest movements
- Receivables within one year -€46,658
down €46,658 (-69.8%), from €66,800 to €20,142
of which Trade receivables: -€46,256
- Cash +€8,447
up €8,447 (+18.4%), from €46,031 to €54,478
mainly Receivables within one year (+€46,658) and Depreciation (+€10,852)
- Tangible fixed assets +€2,187
up €2,187 (+4.2%), from €52,228 to €54,415
of which Furniture and vehicles: +€3,591
- Trade debts -€14,199
down €14,199 (-98.9%), from €14,351 to €152
- Profit (loss) carried forward -€11,674
down €11,674, from €0 to -€11,674
- Debts after one year -€4,533
down €4,533 (-74.7%), from €6,072 to €1,539
- Accrued charges and deferred income -€3,856
down €3,856 (-100%), from €3,856 to €0
- Tax, wage and social debts -€2,728
down €2,728 (-76.5%), from €3,565 to €837
of which Taxes: -€1,921
- Gross operating margin -€103,583
down €103,583 (-94.5%), from €109,628 to €6,046
- Staff costs -€63,034
down €63,034, from €62,738 to -€297
- Taxes -€10,620
down €10,620 (-98.2%), from €10,820 to €199
- Financial charges -€2,636
down €2,636 (-44.4%), from €5,944 to €3,308
- Depreciation +€2,586
up €2,586 (+31.3%), from €8,266 to €10,852
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 | €169,870 | €132,793 | -€37,077 | -21.8% |
| Fixed assets | 21/28 | €55,551 | €57,715 | +€2,164 | +3.9% |
| Tangible fixed assets | 22/27 | €52,228 | €54,415 | +€2,187 | +4.2% |
| Land and buildings | 22 | €30,481 | €29,076 | -€1,405 | -4.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €21,748 | €25,339 | +€3,591 | +16.5% |
| Financial fixed assets | 28 | €3,323 | €3,300 | -€23 | -0.7% |
| Current assets | 29/58 | €114,319 | €75,078 | -€39,242 | -34.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €66,800 | €20,142 | -€46,658 | -69.8% |
| Trade receivables | 40 | €64,937 | €18,682 | -€46,256 | -71.2% |
| Other amounts receivable | 41 | €1,863 | €1,460 | -€402 | -21.6% |
| Cash at bank and in hand | 54/58 | €46,031 | €54,478 | +€8,447 | +18.4% |
| Deferred charges and accrued income | 490/1 | €1,489 | €458 | -€1,030 | -69.2% |
| Total equity and liabilities | 10/49 | €169,870 | €132,793 | -€37,077 | -21.8% |
| Equity | 10/15 | €141,939 | €130,265 | -€11,674 | -8.2% |
| Reserves | 13 | €141,939 | €141,939 | = | 0.0% |
| Distributable reserves | 133 | €141,939 | €141,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€11,674 | -€11,674 | |
| Amounts payable | 17/49 | €27,931 | €2,528 | -€25,404 | -91.0% |
| Amounts payable after more than one year | 17 | €6,072 | €1,539 | -€4,533 | -74.7% |
| Other amounts payable | 178/9 | €6,072 | €1,539 | -€4,533 | -74.7% |
| Amounts payable within one year | 42/48 | €18,003 | €989 | -€17,014 | -94.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €87 | €0 | -€87 | -100% |
| Credit institutions | 430/8 | €87 | €0 | -€87 | -100% |
| Trade debts | 44 | €14,351 | €152 | -€14,199 | -98.9% |
| Suppliers | 440/4 | €14,351 | €152 | -€14,199 | -98.9% |
| Taxes, remuneration and social security | 45 | €3,565 | €837 | -€2,728 | -76.5% |
| Taxes | 450/3 | €2,758 | €837 | -€1,921 | -69.7% |
| Remuneration and social security | 454/9 | €807 | €0 | -€807 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,856 | €0 | -€3,856 | -100% |
| Non-recurring operating income | 76A | €21,141 | €0 | -€21,141 | -100% |
| Remuneration, social security and pensions | 62 | €62,738 | -€297 | -€63,034 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,266 | €10,852 | +€2,586 | +31.3% |
| Other operating charges | 640/8 | €3,005 | €1,468 | -€1,537 | -51.2% |
| Non-recurring operating charges | 66A | €341 | €2,834 | +€2,494 | +732% |
| Gross operating margin | 9900 | €109,628 | €6,046 | -€103,583 | -94.5% |
| Operating profit (loss) | 9901 | €35,279 | -€8,812 | -€44,091 | |
| Financial income | 75/76B | €610 | €645 | +€35 | +5.8% |
| Recurring financial income | 75 | €610 | €645 | +€35 | +5.8% |
| Financial charges | 65/66B | €5,944 | €3,308 | -€2,636 | -44.4% |
| Recurring financial charges | 65 | €5,944 | €3,308 | -€2,636 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €29,944 | -€11,475 | -€41,419 | |
| Income taxes | 67/77 | €10,820 | €199 | -€10,620 | -98.2% |
| Profit (loss) for the period | 9904 | €19,125 | -€11,674 | -€30,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,125 | -€11,674 | -€30,798 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.