PHILEMON _ W: 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.
What changed
PHILEMON _ W
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€114,104
2024 · -€174,570+€60,466
Equity
€960,292
2024 · €1.1m-€114,104
Cash
€17,568
2024 · €8,101+€9,467
Balance sheet total
€4.4m
2024 · €4.4m-€4,362
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€114,104
down €114,104 (-124%), from -€92,359 to -€206,463
- Debts after one year +€63,127
up €63,127 (+4.7%), from €1.3m to €1.4m
of which Financial debts: +€65,127
Income statement
- Gross operating margin +€47,289
up €47,289 (+34.8%), from €135,978 to €183,267
- Depreciation -€27,265
down €27,265 (-11.8%), from €230,292 to €203,027
- Other operating charges +€14,278
up €14,278 (+18.3%), from €78,190 to €92,468
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.
Result 2024
-€174,570
Gross operating margin
+€47,289
Depreciation
+€27,265
Other operating charges
-€14,278
Financial income
-€0
Financial charges
-€742
Taxes
+€931
Result 2025
-€114,104
raises the resultlowers the result
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.
From operations
+€74,099
Investment
-€165,841
Financing
+€101,209
Cash 2024
€8,101
From operations (derived)
+€74,099
Net result for the year
-€114,104
Depreciation
+€203,027
Receivables within one year
-€23,146
Deferred charges and accrued income
-€211
Trade debts
+€40,068
Tax, wage and social debts
-€1,743
Other debts
-€29,792
Investment (derived)
-€165,841
Investment in fixed assets (net)
-€165,841
Financing
+€101,209
Debts after one year
+€63,127
Current portion of long-term debt
+€38,082
Cash 2025
€17,568
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,398,079 | €4,393,718 | -€4,362 | -0.1% |
| Fixed assets | 21/28 | €4,359,172 | €4,321,987 | -€37,185 | -0.9% |
| Tangible fixed assets | 22/27 | €4,358,572 | €4,321,386 | -€37,185 | -0.9% |
| Land and buildings | 22 | €4,228,361 | €4,048,428 | -€179,933 | -4.3% |
| Plant, machinery and equipment | 23 | €61,284 | €48,982 | -€12,302 | -20.1% |
| Furniture and vehicles | 24 | €64,663 | €106,244 | +€41,581 | +64.3% |
| Leasing and similar rights | 25 | €4,264 | €117,733 | +€113,469 | +2,661% |
| Financial fixed assets | 28 | €601 | €601 | = | 0.0% |
| Current assets | 29/58 | €38,907 | €71,731 | +€32,824 | +84.4% |
| Amounts receivable within one year | 40/41 | €17,717 | €40,863 | +€23,146 | +131% |
| Trade receivables | 40 | €15,595 | €13,723 | -€1,872 | -12.0% |
| Other amounts receivable | 41 | €2,122 | €27,139 | +€25,018 | +1,179% |
| Cash at bank and in hand | 54/58 | €8,101 | €17,568 | +€9,467 | +117% |
| Deferred charges and accrued income | 490/1 | €13,088 | €13,300 | +€211 | +1.6% |
| Total equity and liabilities | 10/49 | €4,398,079 | €4,393,718 | -€4,362 | -0.1% |
| Equity | 10/15 | €1,074,396 | €960,292 | -€114,104 | -10.6% |
| Contributions | 10/11 | €839,550 | €839,550 | = | 0.0% |
| Reserves | 13 | €327,205 | €327,205 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €308,455 | €308,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,359 | -€206,463 | -€114,104 | -124% |
| Amounts payable | 17/49 | €3,323,683 | €3,433,425 | +€109,742 | +3.3% |
| Amounts payable after more than one year | 17 | €1,335,000 | €1,398,127 | +€63,127 | +4.7% |
| Financial debts | 170/4 | - | €65,127 | +€65,127 | |
| Other amounts payable | 178/9 | €1,335,000 | €1,333,000 | -€2,000 | -0.1% |
| Amounts payable within one year | 42/48 | €1,988,683 | €2,035,298 | +€46,615 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €3,069 | €41,151 | +€38,082 | +1,241% |
| Trade debts | 44 | €177,664 | €217,731 | +€40,068 | +22.6% |
| Suppliers | 440/4 | €177,664 | €217,731 | +€40,068 | +22.6% |
| Taxes, remuneration and social security | 45 | €16,275 | €14,533 | -€1,743 | -10.7% |
| Taxes | 450/3 | €16,275 | €14,533 | -€1,743 | -10.7% |
| Other amounts payable | 47/48 | €1,791,675 | €1,761,883 | -€29,792 | -1.7% |
| Non-recurring operating income | 76A | - | €25,987 | +€25,987 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,292 | €203,027 | -€27,265 | -11.8% |
| Other operating charges | 640/8 | €78,190 | €92,468 | +€14,278 | +18.3% |
| Gross operating margin | 9900 | €135,978 | €183,267 | +€47,289 | +34.8% |
| Operating profit (loss) | 9901 | -€172,505 | -€112,228 | +€60,277 | +34.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,134 | €1,876 | +€742 | +65.4% |
| Recurring financial charges | 65 | €1,134 | €1,876 | +€742 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | -€173,639 | -€114,104 | +€59,535 | +34.3% |
| Income taxes | 67/77 | €931 | - | -€931 | |
| Profit (loss) for the period | 9904 | -€174,570 | -€114,104 | +€60,466 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€174,570 | -€114,104 | +€60,466 | +34.6% |
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 16 October 2026 via checked.be.