Philbatimo: 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.
Philbatimo
Largest movements
- Tangible fixed assets -€9,818
down €9,818 (-12.8%), from €76,703 to €66,885
of which Land and buildings: -€9,401
- Receivables within one year +€6,634
up €6,634 (+50.9%), from €13,024 to €19,658
of which Trade receivables: +€6,634
- Profit (loss) carried forward -€8,296
down €8,296 (-8.6%), from €96,961 to €88,666
- Trade debts +€3,557
up €3,557 (+79.2%), from €4,494 to €8,051
- Other operating charges +€5,875
up €5,875 (+491.8%), from €1,195 to €7,070
- Gross operating margin +€4,606
up €4,606 (+71.6%), from €6,429 to €11,035
- Depreciation -€355
down €355 (-3.5%), from €10,173 to €9,818
- Financial charges -€352
down €352 (-12.6%), from €2,796 to €2,443
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,128 | €217,964 | -€3,164 | -1.4% |
| Fixed assets | 21/28 | €76,703 | €66,885 | -€9,818 | -12.8% |
| Tangible fixed assets | 22/27 | €76,703 | €66,885 | -€9,818 | -12.8% |
| Land and buildings | 22 | €76,286 | €66,885 | -€9,401 | -12.3% |
| Furniture and vehicles | 24 | €417 | - | -€417 | |
| Current assets | 29/58 | €144,425 | €151,079 | +€6,654 | +4.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €31,374 | €31,374 | = | 0.0% |
| Stocks | 30/36 | €31,374 | €31,374 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,024 | €19,658 | +€6,634 | +50.9% |
| Trade receivables | 40 | €10,655 | €17,288 | +€6,634 | +62.3% |
| Other amounts receivable | 41 | €2,370 | €2,370 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6 | - | -€6 | |
| Deferred charges and accrued income | 490/1 | €22 | €47 | +€25 | +115.9% |
| Total equity and liabilities | 10/49 | €221,128 | €217,964 | -€3,164 | -1.4% |
| Equity | 10/15 | €165,133 | €156,837 | -€8,296 | -5.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,198 | €6,198 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | €6,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,961 | €88,666 | -€8,296 | -8.6% |
| Amounts payable | 17/49 | €55,996 | €61,127 | +€5,132 | +9.2% |
| Amounts payable within one year | 42/48 | €55,996 | €61,127 | +€5,132 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €1,387 | €1,036 | -€351 | -25.3% |
| Financial debts | 43 | €10,456 | €10,940 | +€484 | +4.6% |
| Credit institutions | 430/8 | €10,456 | €10,940 | +€484 | +4.6% |
| Trade debts | 44 | €4,494 | €8,051 | +€3,557 | +79.2% |
| Suppliers | 440/4 | €4,494 | €8,051 | +€3,557 | +79.2% |
| Advances received on contracts in progress | 46 | €25,112 | €25,112 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €410 | €1,851 | +€1,441 | +351.3% |
| Taxes | 450/3 | €410 | €1,851 | +€1,441 | +351.3% |
| Other amounts payable | 47/48 | €14,138 | €14,138 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,173 | €9,818 | -€355 | -3.5% |
| Other operating charges | 640/8 | €1,195 | €7,070 | +€5,875 | +491.8% |
| Gross operating margin | 9900 | €6,429 | €11,035 | +€4,606 | +71.6% |
| Operating profit (loss) | 9901 | -€4,938 | -€5,852 | -€914 | -18.5% |
| Financial charges | 65/66B | €2,796 | €2,443 | -€352 | -12.6% |
| Recurring financial charges | 65 | €2,796 | €2,443 | -€352 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,734 | -€8,296 | -€562 | -7.3% |
| Profit (loss) for the period | 9904 | -€7,734 | -€8,296 | -€562 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,734 | -€8,296 | -€562 | -7.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.