PHILEAU: 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.
PHILEAU
Largest movements
- Tangible fixed assets -€2,524
down €2,524 (-27.4%), from €9,202 to €6,678
- Receivables within one year -€1,405
down €1,405 (-67.4%), from €2,084 to €679
of which Trade receivables: -€1,054
- Cash +€1,229
up €1,229 (+361%), from €340 to €1,569
mainly Depreciation (+€2,524) and Other debts (+€1,706)
- Deferred charges and accrued income +€713
up €713 (+407%), from €175 to €888
- Trade debts -€2,530
no longer reported in 2025 (was €2,530)
- Other debts +€1,706
up €1,706 (+15.3%), from €11,165 to €12,871
- Profit (loss) carried forward -€1,230
down €1,230 (-4.2%), from -€29,329 to -€30,559
- Gross operating margin +€3,544
up €3,544, from -€1,134 to €2,410
- Other operating charges +€51
up €51 (+6.6%), from €778 to €829
- Financial charges +€47
up €47 (+19.5%), from €241 to €288
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 | €11,826 | €9,839 | -€1,987 | -16.8% |
| Fixed assets | 21/28 | €9,227 | €6,703 | -€2,524 | -27.4% |
| Tangible fixed assets | 22/27 | €9,202 | €6,678 | -€2,524 | -27.4% |
| Furniture and vehicles | 24 | €9,202 | €6,678 | -€2,524 | -27.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €2,599 | €3,136 | +€537 | +20.7% |
| Amounts receivable within one year | 40/41 | €2,084 | €679 | -€1,405 | -67.4% |
| Trade receivables | 40 | €1,733 | €679 | -€1,054 | -60.8% |
| Other amounts receivable | 41 | €351 | - | -€351 | |
| Cash at bank and in hand | 54/58 | €340 | €1,569 | +€1,229 | +361% |
| Deferred charges and accrued income | 490/1 | €175 | €888 | +€713 | +407% |
| Total equity and liabilities | 10/49 | €11,826 | €9,839 | -€1,987 | -16.8% |
| Equity | 10/15 | -€1,869 | -€3,099 | -€1,230 | -65.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,860 | €8,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,329 | -€30,559 | -€1,230 | -4.2% |
| Amounts payable | 17/49 | €13,695 | €12,938 | -€757 | -5.5% |
| Amounts payable within one year | 42/48 | €13,695 | €12,938 | -€757 | -5.5% |
| Trade debts | 44 | €2,530 | - | -€2,530 | |
| Suppliers | 440/4 | €2,530 | - | -€2,530 | |
| Taxes, remuneration and social security | 45 | - | €67 | +€67 | |
| Taxes | 450/3 | - | €67 | +€67 | |
| Other amounts payable | 47/48 | €11,165 | €12,871 | +€1,706 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,523 | €2,524 | +€1 | 0.0% |
| Other operating charges | 640/8 | €778 | €829 | +€51 | +6.6% |
| Gross operating margin | 9900 | -€1,134 | €2,410 | +€3,544 | |
| Operating profit (loss) | 9901 | -€4,435 | -€943 | +€3,492 | +78.7% |
| Financial charges | 65/66B | €241 | €288 | +€47 | +19.5% |
| Recurring financial charges | 65 | €241 | €288 | +€47 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,676 | -€1,231 | +€3,445 | +73.7% |
| Profit (loss) for the period | 9904 | -€4,676 | -€1,231 | +€3,445 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,676 | -€1,231 | +€3,445 | +73.7% |
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 17 October 2026 via checked.be.