PHILD: 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.
PHILD
Largest movements
- Tangible fixed assets +€859
new in 2026: €859
- Cash +€80
up €80 (+2.1%), from €3,738 to €3,818
mainly Net result for the year (+€967) and Depreciation (+€264)
- Profit (loss) carried forward +€967
up €967 (+6.4%), from -€15,064 to -€14,097
- Gross operating margin -€311
down €311 (-12.9%), from €2,417 to €2,106
- Depreciation +€264
new in 2026: €264
- Taxes +€91
up €91 (+27.8%), from €327 to €418
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,238 | €5,177 | +€939 | +22.2% |
| Fixed assets | 21/28 | €500 | €1,359 | +€859 | +171.8% |
| Tangible fixed assets | 22/27 | - | €859 | +€859 | |
| Furniture and vehicles | 24 | - | €859 | +€859 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €3,738 | €3,818 | +€80 | +2.1% |
| Cash at bank and in hand | 54/58 | €3,738 | €3,818 | +€80 | +2.1% |
| Total equity and liabilities | 10/49 | €4,238 | €5,177 | +€939 | +22.2% |
| Equity | 10/15 | €3,536 | €4,503 | +€967 | +27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,064 | -€14,097 | +€967 | +6.4% |
| Amounts payable | 17/49 | €702 | €674 | -€28 | -4.0% |
| Amounts payable within one year | 42/48 | €702 | €674 | -€28 | -4.0% |
| Trade debts | 44 | €111 | €86 | -€25 | -22.5% |
| Suppliers | 440/4 | €111 | €86 | -€25 | -22.5% |
| Taxes, remuneration and social security | 45 | €591 | €588 | -€3 | -0.5% |
| Taxes | 450/3 | €591 | €588 | -€3 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €264 | +€264 | |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €2,417 | €2,106 | -€311 | -12.9% |
| Operating profit (loss) | 9901 | €2,030 | €1,442 | -€588 | -29.0% |
| Financial charges | 65/66B | €41 | €57 | +€16 | +39.0% |
| Recurring financial charges | 65 | €41 | €57 | +€16 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €1,989 | €1,385 | -€604 | -30.4% |
| Income taxes | 67/77 | €327 | €418 | +€91 | +27.8% |
| Profit (loss) for the period | 9904 | €1,662 | €967 | -€695 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,662 | €967 | -€695 | -41.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.