PHILDO: 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.
PHILDO
Largest movements
- Cash -€66,208
down €66,208 (-52.0%), from €127,292 to €61,084
mainly Receivables within one year (-€62,747) and Tax, wage and social debts (-€5,741)
- Receivables within one year +€62,747
up €62,747 (+22.1%), from €284,130 to €346,877
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€4,473
down €4,473 (-48.0%), from -€9,320 to -€13,792
- Depreciation -€4,335
no longer reported in 2025 (was €4,335)
- Financial income -€3,422
down €3,422 (-15.6%), from €21,915 to €18,493
- Taxes -€435
down €435 (-97.9%), from €445 to €9
- Other operating charges -€222
down €222 (-4.9%), from €4,484 to €4,262
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 | €623,827 | €620,365 | -€3,462 | -0.6% |
| Fixed assets | 21/28 | €42,405 | €42,405 | = | 0.0% |
| Tangible fixed assets | 22/27 | €42,405 | €42,405 | = | 0.0% |
| Land and buildings | 22 | €42,405 | €42,405 | = | 0.0% |
| Current assets | 29/58 | €581,422 | €577,961 | -€3,462 | -0.6% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Other amounts receivable | 291 | €170,000 | €170,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €284,130 | €346,877 | +€62,747 | +22.1% |
| Other amounts receivable | 41 | €284,130 | €346,877 | +€62,747 | +22.1% |
| Cash at bank and in hand | 54/58 | €127,292 | €61,084 | -€66,208 | -52.0% |
| Total equity and liabilities | 10/49 | €623,827 | €620,365 | -€3,462 | -0.6% |
| Equity | 10/15 | €611,881 | €611,609 | -€272 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,386 | €13,386 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,386 | €13,386 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,386 | €13,386 | = | 0.0% |
| Profit (loss) carried forward | 14 | €579,895 | €579,623 | -€272 | 0.0% |
| Amounts payable | 17/49 | €11,946 | €8,756 | -€3,189 | -26.7% |
| Amounts payable within one year | 42/48 | €11,421 | €8,214 | -€3,207 | -28.1% |
| Trade debts | 44 | €4,793 | €7,327 | +€2,534 | +52.9% |
| Suppliers | 440/4 | €4,793 | €7,327 | +€2,534 | +52.9% |
| Taxes, remuneration and social security | 45 | €6,628 | €888 | -€5,741 | -86.6% |
| Taxes | 450/3 | €6,628 | €888 | -€5,741 | -86.6% |
| Accrued charges and deferred income | 492/3 | €525 | €542 | +€17 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,335 | - | -€4,335 | |
| Other operating charges | 640/8 | €4,484 | €4,262 | -€222 | -4.9% |
| Gross operating margin | 9900 | -€9,320 | -€13,792 | -€4,473 | -48.0% |
| Operating profit (loss) | 9901 | -€18,139 | -€18,055 | +€84 | +0.5% |
| Financial income | 75/76B | €21,915 | €18,493 | -€3,422 | -15.6% |
| Recurring financial income | 75 | €21,915 | €18,493 | -€3,422 | -15.6% |
| Financial charges | 65/66B | €805 | €701 | -€104 | -13.0% |
| Recurring financial charges | 65 | €805 | €701 | -€104 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €2,971 | -€263 | -€3,233 | |
| Income taxes | 67/77 | €445 | €9 | -€435 | -97.9% |
| Profit (loss) for the period | 9904 | €2,526 | -€272 | -€2,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,526 | -€272 | -€2,798 |
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 9 October 2026 via checked.be.