PHILBIDACEL: 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.
PHILBIDACEL
Largest movements
- Cash +€450,564
up €450,564 (+429%), from €104,976 to €555,540
mainly Current investments (+€450,000) and Receivables within one year (+€5,409)
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€124,876
down €124,876 (-94.4%), from €132,342 to €7,466
- Financial charges -€14,432
down €14,432 (-99.3%), from €14,540 to €109
of which Financial charges: -€11,269
- Taxes -€6,844
no longer reported in 2025 (was €6,844)
- Gross operating margin -€964
down €964 (-66.0%), from -€1,460 to -€2,424
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.
Derived cash bridge
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 | €1,550,463 | €1,540,760 | -€9,703 | -0.6% |
| Fixed assets | 21/28 | €97,847 | €92,677 | -€5,170 | -5.3% |
| Tangible fixed assets | 22/27 | €94,847 | €89,677 | -€5,170 | -5.5% |
| Land and buildings | 22 | €91,219 | €87,258 | -€3,961 | -4.3% |
| Furniture and vehicles | 24 | €3,628 | €2,419 | -€1,209 | -33.3% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €1,452,616 | €1,448,083 | -€4,533 | -0.3% |
| Amounts receivable within one year | 40/41 | €893,042 | €887,633 | -€5,409 | -0.6% |
| Other amounts receivable | 41 | €893,042 | €887,633 | -€5,409 | -0.6% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €104,976 | €555,540 | +€450,564 | +429% |
| Deferred charges and accrued income | 490/1 | €4,598 | €4,910 | +€312 | +6.8% |
| Total equity and liabilities | 10/49 | €1,550,463 | €1,540,760 | -€9,703 | -0.6% |
| Equity | 10/15 | €1,499,092 | €1,498,469 | -€623 | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,437,592 | €1,437,592 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,431,442 | €1,431,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€623 | -€623 | |
| Amounts payable | 17/49 | €51,371 | €42,291 | -€9,080 | -17.7% |
| Amounts payable within one year | 42/48 | €51,245 | €42,141 | -€9,103 | -17.8% |
| Trade debts | 44 | €2,530 | €998 | -€1,532 | -60.5% |
| Suppliers | 440/4 | €2,530 | €998 | -€1,532 | -60.5% |
| Taxes, remuneration and social security | 45 | €6,844 | €4,272 | -€2,572 | -37.6% |
| Taxes | 450/3 | €6,844 | €4,272 | -€2,572 | -37.6% |
| Other amounts payable | 47/48 | €41,870 | €36,870 | -€5,000 | -11.9% |
| Accrued charges and deferred income | 492/3 | €126 | €150 | +€24 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,170 | €5,170 | -€0 | 0.0% |
| Other operating charges | 640/8 | €375 | €386 | +€12 | +3.1% |
| Gross operating margin | 9900 | -€1,460 | -€2,424 | -€964 | -66.0% |
| Operating profit (loss) | 9901 | -€7,005 | -€7,981 | -€976 | -13.9% |
| Financial income | 75/76B | €132,342 | €7,466 | -€124,876 | -94.4% |
| Recurring financial income | 75 | €132,342 | €7,466 | -€124,876 | -94.4% |
| Financial charges | 65/66B | €14,540 | €109 | -€14,432 | -99.3% |
| Recurring financial charges | 65 | €11,378 | €109 | -€11,269 | -99.0% |
| Non-recurring financial charges | 66B | €3,163 | - | -€3,163 | |
| Profit (loss) for the period before taxes | 9903 | €110,797 | -€623 | -€111,420 | |
| Income taxes | 67/77 | €6,844 | - | -€6,844 | |
| Profit (loss) for the period | 9904 | €103,953 | -€623 | -€104,576 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,953 | -€623 | -€104,576 |
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 23 October 2026 via checked.be.