Philec.net: 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.
Philec.net
Largest movements
- Current investments +€68,751
up €68,751 (+36.7%), from €187,540 to €256,291
- Receivables within one year -€19,049
down €19,049 (-88.5%), from €21,532 to €2,483
of which Trade receivables: -€18,205
- Cash -€6,812
down €6,812 (-20.5%), from €33,224 to €26,412
mainly Current investments (-€68,751) and Tax, wage and social debts (-€15,383)
- Tangible fixed assets -€6,074
down €6,074 (-50.2%), from €12,098 to €6,024
- Profit (loss) carried forward +€41,149
up €41,149 (+22.4%), from €183,382 to €224,530
- Tax, wage and social debts -€15,383
down €15,383 (-30.9%), from €49,733 to €34,349
of which Taxes: -€16,523
- Accrued charges and deferred income +€10,172
up €10,172 (+55.2%), from €18,413 to €28,586
- Gross operating margin -€42,803
down €42,803 (-41.1%), from €104,082 to €61,279
- Taxes -€8,364
down €8,364 (-40.2%), from €20,783 to €12,419
- Financial charges +€1,259
up €1,259 (+354.3%), from €355 to €1,615
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 | €255,296 | €292,086 | +€36,790 | +14.4% |
| Fixed assets | 21/28 | €12,408 | €6,334 | -€6,074 | -49.0% |
| Tangible fixed assets | 22/27 | €12,098 | €6,024 | -€6,074 | -50.2% |
| Furniture and vehicles | 24 | €12,098 | €6,024 | -€6,074 | -50.2% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €242,888 | €285,752 | +€42,864 | +17.6% |
| Amounts receivable within one year | 40/41 | €21,532 | €2,483 | -€19,049 | -88.5% |
| Trade receivables | 40 | €19,671 | €1,466 | -€18,205 | -92.5% |
| Other amounts receivable | 41 | €1,861 | €1,017 | -€844 | -45.4% |
| Current investments | 50/53 | €187,540 | €256,291 | +€68,751 | +36.7% |
| Cash at bank and in hand | 54/58 | €33,224 | €26,412 | -€6,812 | -20.5% |
| Deferred charges and accrued income | 490/1 | €592 | €566 | -€26 | -4.4% |
| Total equity and liabilities | 10/49 | €255,296 | €292,086 | +€36,790 | +14.4% |
| Equity | 10/15 | €184,382 | €225,530 | +€41,149 | +22.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,382 | €224,530 | +€41,149 | +22.4% |
| Amounts payable | 17/49 | €70,914 | €66,556 | -€4,359 | -6.1% |
| Amounts payable within one year | 42/48 | €52,501 | €37,970 | -€14,531 | -27.7% |
| Trade debts | 44 | €1,774 | €3,104 | +€1,330 | +75.0% |
| Suppliers | 440/4 | €1,774 | €3,104 | +€1,330 | +75.0% |
| Taxes, remuneration and social security | 45 | €49,733 | €34,349 | -€15,383 | -30.9% |
| Taxes | 450/3 | €49,733 | €33,209 | -€16,523 | -33.2% |
| Remuneration and social security | 454/9 | - | €1,140 | +€1,140 | |
| Other amounts payable | 47/48 | €994 | €517 | -€478 | -48.1% |
| Accrued charges and deferred income | 492/3 | €18,413 | €28,586 | +€10,172 | +55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,074 | €6,074 | = | 0.0% |
| Other operating charges | 640/8 | €37 | €108 | +€71 | +192.0% |
| Gross operating margin | 9900 | €104,082 | €61,279 | -€42,803 | -41.1% |
| Operating profit (loss) | 9901 | €97,971 | €55,097 | -€42,874 | -43.8% |
| Financial income | 75/76B | €197 | €85 | -€112 | -56.8% |
| Recurring financial income | 75 | €197 | €85 | -€112 | -56.8% |
| Financial charges | 65/66B | €355 | €1,615 | +€1,259 | +354.3% |
| Recurring financial charges | 65 | €355 | €1,615 | +€1,259 | +354.3% |
| Profit (loss) for the period before taxes | 9903 | €97,812 | €53,567 | -€44,245 | -45.2% |
| Income taxes | 67/77 | €20,783 | €12,419 | -€8,364 | -40.2% |
| Profit (loss) for the period | 9904 | €77,030 | €41,149 | -€35,881 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,030 | €41,149 | -€35,881 | -46.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.