PHILARUCHE: 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.
PHILARUCHE
Largest movements
- Stocks and contracts +€21,335
up €21,335 (+1066.8%), from €2,000 to €23,335
- Cash -€2,985
down €2,985 (-60.4%), from €4,945 to €1,960
mainly Stocks and contracts (-€21,335) and Trade debts (-€2,683)
- Tangible fixed assets -€1,545
down €1,545 (-11.3%), from €13,630 to €12,085
of which Plant, machinery and equipment: -€2,855
- Receivables within one year -€531
down €531 (-22.1%), from €2,401 to €1,870
of which Other amounts receivable: -€502
- Other debts +€18,608
up €18,608 (+240.2%), from €7,745 to €26,353
- Trade debts -€2,683
down €2,683 (-86.5%), from €3,102 to €419
- Tax, wage and social debts +€727
new in 2025: €727
- Gross operating margin +€4,512
up €4,512 (+976.4%), from €462 to €4,974
- Depreciation +€993
up €993 (+34.2%), from €2,902 to €3,896
- Taxes +€410
up €410 (+82.8%), from €495 to €904
- Other operating charges +€377
new in 2025: €377
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 | €22,976 | €39,251 | +€16,275 | +70.8% |
| Fixed assets | 21/28 | €13,630 | €12,085 | -€1,545 | -11.3% |
| Tangible fixed assets | 22/27 | €13,630 | €12,085 | -€1,545 | -11.3% |
| Land and buildings | 22 | €904 | €671 | -€233 | -25.8% |
| Plant, machinery and equipment | 23 | €12,726 | €9,871 | -€2,855 | -22.4% |
| Furniture and vehicles | 24 | €0 | €1,543 | +€1,543 | |
| Current assets | 29/58 | €9,346 | €27,165 | +€17,820 | +190.7% |
| Stocks and contracts in progress | 3 | €2,000 | €23,335 | +€21,335 | +1066.8% |
| Stocks | 30/36 | €2,000 | €23,335 | +€21,335 | +1066.8% |
| Amounts receivable within one year | 40/41 | €2,401 | €1,870 | -€531 | -22.1% |
| Trade receivables | 40 | €1,502 | €1,474 | -€28 | -1.9% |
| Other amounts receivable | 41 | €898 | €396 | -€502 | -55.9% |
| Cash at bank and in hand | 54/58 | €4,945 | €1,960 | -€2,985 | -60.4% |
| Total equity and liabilities | 10/49 | €22,976 | €39,251 | +€16,275 | +70.8% |
| Equity | 10/15 | €12,129 | €11,752 | -€377 | -3.1% |
| Reserves | 13 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,471 | -€6,848 | -€377 | -5.8% |
| Amounts payable | 17/49 | €10,847 | €27,498 | +€16,651 | +153.5% |
| Amounts payable within one year | 42/48 | €10,847 | €27,498 | +€16,651 | +153.5% |
| Trade debts | 44 | €3,102 | €419 | -€2,683 | -86.5% |
| Suppliers | 440/4 | €3,102 | €419 | -€2,683 | -86.5% |
| Taxes, remuneration and social security | 45 | - | €727 | +€727 | |
| Taxes | 450/3 | - | €727 | +€727 | |
| Other amounts payable | 47/48 | €7,745 | €26,353 | +€18,608 | +240.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,902 | €3,896 | +€993 | +34.2% |
| Other operating charges | 640/8 | - | €377 | +€377 | |
| Gross operating margin | 9900 | €462 | €4,974 | +€4,512 | +976.4% |
| Operating profit (loss) | 9901 | -€2,440 | €701 | +€3,142 | |
| Financial income | 75/76B | €75 | €44 | -€30 | -40.5% |
| Recurring financial income | 75 | €75 | €44 | -€30 | -40.5% |
| Financial charges | 65/66B | €219 | €218 | -€0 | -0.2% |
| Recurring financial charges | 65 | €219 | €218 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,584 | €527 | +€3,112 | |
| Income taxes | 67/77 | €495 | €904 | +€410 | +82.8% |
| Profit (loss) for the period | 9904 | -€3,079 | -€377 | +€2,702 | +87.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,079 | -€377 | +€2,702 | +87.8% |
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 12 October 2026 via checked.be.