PHILAURY: 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.
PHILAURY
Largest movements
- Tangible fixed assets +€85,690
up €85,690 (+60.4%), from €141,961 to €227,651
of which Other tangible fixed assets: +€50,000
- Receivables after one year -€60,000
no longer reported in 2025 (was €60,000)
- Cash -€55,949
down €55,949 (-47.8%), from €116,947 to €60,998
mainly Investment in fixed assets (net) (-€107,196) and Net result for the year (-€21,797)
- Profit (loss) carried forward -€21,797
down €21,797 (-672.1%), from -€3,243 to -€25,040
- Trade debts -€5,000
no longer reported in 2025 (was €5,000)
- Gross operating margin -€9,586
down €9,586 (-81.2%), from €11,810 to €2,224
- Depreciation +€6,144
up €6,144 (+40.0%), from €15,362 to €21,506
- Other operating charges +€3,238
up €3,238 (+2744.1%), from €118 to €3,356
- Taxes -€944
down €944, from €915 to -€29
- Financial income -€508
down €508 (-36.4%), from €1,396 to €888
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 | €457,001 | €428,500 | -€28,501 | -6.2% |
| Fixed assets | 21/28 | €261,961 | €347,651 | +€85,690 | +32.7% |
| Tangible fixed assets | 22/27 | €141,961 | €227,651 | +€85,690 | +60.4% |
| Land and buildings | 22 | €122,148 | €110,648 | -€11,500 | -9.4% |
| Plant, machinery and equipment | 23 | €19,813 | €30,532 | +€10,719 | +54.1% |
| Furniture and vehicles | 24 | - | €36,471 | +€36,471 | |
| Other tangible fixed assets | 26 | - | €50,000 | +€50,000 | |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €195,040 | €80,849 | -€114,191 | -58.5% |
| Amounts receivable after more than one year | 29 | €60,000 | - | -€60,000 | |
| Trade receivables | 290 | €60,000 | - | -€60,000 | |
| Amounts receivable within one year | 40/41 | €18,093 | €19,851 | +€1,758 | +9.7% |
| Trade receivables | 40 | €18,093 | €19,585 | +€1,492 | +8.2% |
| Other amounts receivable | 41 | - | €266 | +€266 | |
| Cash at bank and in hand | 54/58 | €116,947 | €60,998 | -€55,949 | -47.8% |
| Total equity and liabilities | 10/49 | €457,001 | €428,500 | -€28,501 | -6.2% |
| Equity | 10/15 | €448,266 | €426,469 | -€21,797 | -4.9% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €51,509 | €51,509 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €16,500 | €16,500 | = | 0.0% |
| Legal reserve | 130 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €35,009 | €35,009 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€3,243 | -€25,040 | -€21,797 | -672.1% |
| Amounts payable | 17/49 | €8,735 | €2,031 | -€6,704 | -76.7% |
| Amounts payable within one year | 42/48 | €8,735 | €2,031 | -€6,704 | -76.7% |
| Current portion of amounts payable after more than one year | 42 | €1,780 | - | -€1,780 | |
| Trade debts | 44 | €5,000 | - | -€5,000 | |
| Suppliers | 440/4 | €5,000 | - | -€5,000 | |
| Taxes, remuneration and social security | 45 | €826 | €1,117 | +€291 | +35.3% |
| Taxes | 450/3 | €826 | €1,117 | +€291 | +35.3% |
| Other amounts payable | 47/48 | €1,130 | €914 | -€216 | -19.1% |
| Non-recurring operating income | 76A | €16,241 | - | -€16,241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,362 | €21,506 | +€6,144 | +40.0% |
| Other operating charges | 640/8 | €118 | €3,356 | +€3,238 | +2744.1% |
| Gross operating margin | 9900 | €11,810 | €2,224 | -€9,586 | -81.2% |
| Operating profit (loss) | 9901 | -€3,670 | -€22,638 | -€18,968 | -516.9% |
| Financial income | 75/76B | €1,396 | €888 | -€508 | -36.4% |
| Recurring financial income | 75 | €1,396 | €888 | -€508 | -36.4% |
| Financial charges | 65/66B | €55 | €76 | +€21 | +38.1% |
| Recurring financial charges | 65 | €55 | €76 | +€21 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,328 | -€21,826 | -€19,498 | -837.4% |
| Income taxes | 67/77 | €915 | -€29 | -€944 | |
| Profit (loss) for the period | 9904 | -€3,243 | -€21,797 | -€18,554 | -572.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,243 | -€21,797 | -€18,554 | -572.1% |
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 8 October 2026 via checked.be.