PHILAGODU: 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.
PHILAGODU
Largest movements
- Cash -€2,012
down €2,012 (-2.3%), from €87,121 to €85,109
mainly Contributions, distributions and other (-€53,032) and Tax, wage and social debts (-€4,177)
- Other debts +€50,380
new in 2025: €50,380
- Reserves -€47,495
down €47,495 (-31.1%), from €152,728 to €105,233
- Tax, wage and social debts -€4,177
down €4,177 (-65.1%), from €6,414 to €2,237
- Gross operating margin -€20,087
down €20,087 (-68.2%), from €29,436 to €9,349
- Turnover -€11,884
down €11,884 (-25.5%), from €46,632 to €34,748
- Purchases and services +€8,193
up €8,193 (+47.6%), from €17,219 to €25,413
- Taxes -€5,818
down €5,818 (-66.7%), from €8,718 to €2,900
- Depreciation -€1,311
down €1,311 (-71.5%), from €1,832 to €522
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 | €190,530 | €189,059 | -€1,471 | -0.8% |
| Fixed assets | 21/28 | €522 | €0 | -€522 | -100.0% |
| Tangible fixed assets | 22/27 | €522 | €0 | -€522 | -100.0% |
| Plant, machinery and equipment | 23 | €522 | €0 | -€522 | -100.0% |
| Current assets | 29/58 | €190,008 | €189,059 | -€949 | -0.5% |
| Stocks and contracts in progress | 3 | €27,962 | €27,962 | = | 0.0% |
| Stocks | 30/36 | €27,962 | €27,962 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,926 | €75,989 | +€1,063 | +1.4% |
| Trade receivables | 40 | €315 | €461 | +€146 | +46.5% |
| Other amounts receivable | 41 | €74,611 | €75,528 | +€916 | +1.2% |
| Cash at bank and in hand | 54/58 | €87,121 | €85,109 | -€2,012 | -2.3% |
| Total equity and liabilities | 10/49 | €190,530 | €189,059 | -€1,471 | -0.8% |
| Equity | 10/15 | €183,936 | €136,441 | -€47,495 | -25.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,728 | €105,233 | -€47,495 | -31.1% |
| Distributable reserves | 133 | €152,728 | €105,233 | -€47,495 | -31.1% |
| Profit (loss) carried forward | 14 | €12,608 | €12,608 | = | 0.0% |
| Amounts payable | 17/49 | €6,594 | €52,618 | +€46,024 | +698.0% |
| Amounts payable within one year | 42/48 | €6,594 | €52,618 | +€46,024 | +698.0% |
| Trade debts | 44 | €180 | - | -€180 | |
| Suppliers | 440/4 | €180 | - | -€180 | |
| Taxes, remuneration and social security | 45 | €6,414 | €2,237 | -€4,177 | -65.1% |
| Taxes | 450/3 | €6,414 | €2,237 | -€4,177 | -65.1% |
| Other amounts payable | 47/48 | - | €50,380 | +€50,380 | |
| Turnover | 70 | €46,632 | €34,748 | -€11,884 | -25.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,219 | €25,413 | +€8,193 | +47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,832 | €522 | -€1,311 | -71.5% |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €29,436 | €9,349 | -€20,087 | -68.2% |
| Operating profit (loss) | 9901 | €27,603 | €8,764 | -€18,840 | -68.3% |
| Financial charges | 65/66B | €204 | €327 | +€122 | +59.9% |
| Recurring financial charges | 65 | €204 | €327 | +€122 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €27,399 | €8,437 | -€18,962 | -69.2% |
| Income taxes | 67/77 | €8,718 | €2,900 | -€5,818 | -66.7% |
| Profit (loss) for the period | 9904 | €18,681 | €5,537 | -€13,144 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,681 | €5,537 | -€13,144 | -70.4% |
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 30 September 2026 via checked.be.