PHILANN: 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.
PHILANN
Largest movements
- Receivables within one year -€151,659
down €151,659 (-91.0%), from €166,723 to €15,064
of which Other amounts receivable: -€151,659
- Cash -€107,805
down €107,805 (-34.4%), from €313,743 to €205,937
mainly Net result for the year (-€132,433) and Contributions, distributions and other (-€79,800)
- Current investments +€61,401
up €61,401 (+7.7%), from €793,569 to €854,970
- Profit (loss) carried forward -€132,433
down €132,433 (-10.7%), from €1.2m to €1.1m
- Contributions -€79,800
no longer reported in 2025 (was €79,800)
- Financial charges +€158,944
up €158,944 (+42530.1%), from €374 to €159,317
of which Financial charges: +€171,312
- Taxes -€43,222
down €43,222 (-99.8%), from €43,321 to €100
- Gross operating margin -€11,115
down €11,115 (-22.0%), from €50,570 to €39,455
- Financial income +€4,349
up €4,349 (+9.4%), from €46,038 to €50,387
of which Non-recurring financial income: +€14,592
- Staff costs -€3,852
down €3,852 (-6.2%), from €61,879 to €58,027
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 | €1,359,228 | €1,144,418 | -€214,811 | -15.8% |
| Fixed assets | 21/28 | €18,527 | €15,708 | -€2,819 | -15.2% |
| Intangible fixed assets | 21 | €9,500 | €9,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €9,002 | €6,183 | -€2,819 | -31.3% |
| Land and buildings | 22 | €9,002 | €6,183 | -€2,819 | -31.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €1,340,701 | €1,128,710 | -€211,992 | -15.8% |
| Amounts receivable after more than one year | 29 | €31,625 | €18,284 | -€13,341 | -42.2% |
| Other amounts receivable | 291 | €31,625 | €18,284 | -€13,341 | -42.2% |
| Amounts receivable within one year | 40/41 | €166,723 | €15,064 | -€151,659 | -91.0% |
| Trade receivables | 40 | €1,723 | €1,723 | = | 0.0% |
| Other amounts receivable | 41 | €165,000 | €13,341 | -€151,659 | -91.9% |
| Current investments | 50/53 | €793,569 | €854,970 | +€61,401 | +7.7% |
| Cash at bank and in hand | 54/58 | €313,743 | €205,937 | -€107,805 | -34.4% |
| Deferred charges and accrued income | 490/1 | €35,042 | €34,455 | -€587 | -1.7% |
| Total equity and liabilities | 10/49 | €1,359,228 | €1,144,418 | -€214,811 | -15.8% |
| Equity | 10/15 | €1,339,517 | €1,127,284 | -€212,233 | -15.8% |
| Contributions | 10/11 | €79,800 | - | -€79,800 | |
| Capital | 10 | €79,800 | - | -€79,800 | |
| Issued capital | 100 | €92,200 | - | -€92,200 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €23,529 | €23,529 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,029 | €7,029 | = | 0.0% |
| Legal reserve | 130 | €7,029 | €7,029 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,236,188 | €1,103,755 | -€132,433 | -10.7% |
| Amounts payable | 17/49 | €19,711 | €17,134 | -€2,578 | -13.1% |
| Amounts payable within one year | 42/48 | €19,711 | €17,134 | -€2,578 | -13.1% |
| Trade debts | 44 | €7,644 | €5,399 | -€2,246 | -29.4% |
| Suppliers | 440/4 | €7,644 | €5,399 | -€2,246 | -29.4% |
| Taxes, remuneration and social security | 45 | €12,067 | €11,383 | -€684 | -5.7% |
| Taxes | 450/3 | €2,156 | €2,992 | +€836 | +38.8% |
| Remuneration and social security | 454/9 | €9,911 | €8,391 | -€1,520 | -15.3% |
| Other amounts payable | 47/48 | - | €352 | +€352 | |
| Non-recurring operating income | 76A | €25,475 | - | -€25,475 | |
| Remuneration, social security and pensions | 62 | €61,879 | €58,027 | -€3,852 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,168 | €2,819 | +€1,651 | +141.4% |
| Other operating charges | 640/8 | €2,652 | €2,012 | -€641 | -24.2% |
| Gross operating margin | 9900 | €50,570 | €39,455 | -€11,115 | -22.0% |
| Operating profit (loss) | 9901 | -€15,129 | -€23,403 | -€8,274 | -54.7% |
| Financial income | 75/76B | €46,038 | €50,387 | +€4,349 | +9.4% |
| Recurring financial income | 75 | €30,777 | €20,535 | -€10,242 | -33.3% |
| Non-recurring financial income | 76B | €15,261 | €29,852 | +€14,592 | +95.6% |
| Financial charges | 65/66B | €374 | €159,317 | +€158,944 | +42530.1% |
| Recurring financial charges | 65 | €374 | €171,685 | +€171,312 | +45839.5% |
| Non-recurring financial charges | 66B | - | -€12,368 | -€12,368 | |
| Profit (loss) for the period before taxes | 9903 | €30,535 | -€132,333 | -€162,868 | |
| Income taxes | 67/77 | €43,321 | €100 | -€43,222 | -99.8% |
| Profit (loss) for the period | 9904 | -€12,787 | -€132,433 | -€119,646 | -935.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,787 | -€132,433 | -€119,646 | -935.7% |
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 7 October 2026 via checked.be.