Philemon: 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.
Philemon
Largest movements
- Cash -€320,809
down €320,809 (-67.2%), from €477,577 to €156,767
mainly Current investments (-€307,000) and Debts after one year (-€73,903)
- Current investments +€307,000
new in 2024: €307,000
- Deferred charges and accrued income +€68,173
up €68,173 (+123.2%), from €55,353 to €123,526
- Tangible fixed assets -€28,418
down €28,418 (-11.2%), from €254,745 to €226,327
of which Land and buildings: -€26,809
- Reserves +€109,628
up €109,628 (+16.3%), from €673,068 to €782,695
- Debts after one year -€73,903
no longer reported in 2024 (was €73,903)
- Current portion of long-term debt -€19,149
no longer reported in 2024 (was €19,149)
- Tax, wage and social debts +€15,080
up €15,080 (+650.0%), from €2,320 to €17,400
of which Taxes: +€14,792
- Gross operating margin +€53,155
up €53,155 (+21.7%), from €245,501 to €298,656
- Taxes +€16,135
up €16,135 (+25.3%), from €63,657 to €79,792
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €790,124 | €815,413 | +€25,289 | +3.2% |
| Fixed assets | 21/28 | €254,745 | €226,327 | -€28,418 | -11.2% |
| Tangible fixed assets | 22/27 | €254,745 | €226,327 | -€28,418 | -11.2% |
| Land and buildings | 22 | €236,162 | €209,353 | -€26,809 | -11.4% |
| Plant, machinery and equipment | 23 | €1,563 | €1,557 | -€6 | -0.4% |
| Furniture and vehicles | 24 | €311 | €156 | -€156 | -50.0% |
| Other tangible fixed assets | 26 | €16,708 | €15,261 | -€1,447 | -8.7% |
| Current assets | 29/58 | €535,379 | €589,087 | +€53,707 | +10.0% |
| Amounts receivable within one year | 40/41 | €2,449 | €1,793 | -€657 | -26.8% |
| Trade receivables | 40 | - | €1,311 | +€1,311 | |
| Other amounts receivable | 41 | €2,449 | €482 | -€1,967 | -80.3% |
| Current investments | 50/53 | - | €307,000 | +€307,000 | |
| Cash at bank and in hand | 54/58 | €477,577 | €156,767 | -€320,809 | -67.2% |
| Deferred charges and accrued income | 490/1 | €55,353 | €123,526 | +€68,173 | +123.2% |
| Total equity and liabilities | 10/49 | €790,124 | €815,413 | +€25,289 | +3.2% |
| Equity | 10/15 | €687,328 | €796,955 | +€109,628 | +15.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €673,068 | €782,695 | +€109,628 | +16.3% |
| Distributable reserves | 133 | €673,068 | €782,695 | +€109,628 | +16.3% |
| Amounts payable | 17/49 | €102,797 | €18,458 | -€84,339 | -82.0% |
| Amounts payable after more than one year | 17 | €73,903 | - | -€73,903 | |
| Financial debts | 170/4 | €73,903 | - | -€73,903 | |
| Amounts payable within one year | 42/48 | €28,024 | €18,458 | -€9,566 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €19,149 | - | -€19,149 | |
| Trade debts | 44 | €6,556 | €1,058 | -€5,497 | -83.9% |
| Suppliers | 440/4 | €6,556 | €1,058 | -€5,497 | -83.9% |
| Taxes, remuneration and social security | 45 | €2,320 | €17,400 | +€15,080 | +650.0% |
| Taxes | 450/3 | - | €14,792 | +€14,792 | |
| Remuneration and social security | 454/9 | €2,320 | €2,608 | +€288 | +12.4% |
| Accrued charges and deferred income | 492/3 | €870 | - | -€870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,389 | €29,698 | +€1,309 | +4.6% |
| Other operating charges | 640/8 | €2,401 | €2,744 | +€344 | +14.3% |
| Gross operating margin | 9900 | €245,501 | €298,656 | +€53,155 | +21.7% |
| Operating profit (loss) | 9901 | €214,712 | €266,214 | +€51,502 | +24.0% |
| Financial income | 75/76B | €163 | €48 | -€114 | -70.3% |
| Recurring financial income | 75 | €163 | €48 | -€114 | -70.3% |
| Financial charges | 65/66B | €3,504 | €3,528 | +€24 | +0.7% |
| Recurring financial charges | 65 | €3,504 | €3,528 | +€24 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €211,370 | €262,735 | +€51,364 | +24.3% |
| Income taxes | 67/77 | €63,657 | €79,792 | +€16,135 | +25.3% |
| Profit (loss) for the period | 9904 | €147,713 | €182,943 | +€35,230 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €147,713 | €182,943 | +€35,230 | +23.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.