PHILEOS: 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.
PHILEOS
Largest movements
- Receivables after one year -€20,221
down €20,221 (-11.1%), from €182,683 to €162,462
- Tangible fixed assets -€16,627
down €16,627 (-3.9%), from €421,888 to €405,261
of which Land and buildings: -€14,482
- Receivables within one year -€13,949
down €13,949 (-22.6%), from €61,657 to €47,708
- Debts after one year -€28,495
down €28,495 (-4.7%), from €606,700 to €578,205
- Profit (loss) carried forward -€21,664
down €21,664 (-82.5%), from -€26,247 to -€47,911
- Gross operating margin -€26,225
down €26,225 (-87.4%), from €30,003 to €3,778
- Other operating charges -€1,976
down €1,976 (-81.6%), from €2,421 to €445
- Financial charges -€1,493
down €1,493 (-15.4%), from €9,691 to €8,198
- Depreciation -€1,241
down €1,241 (-6.9%), from €17,869 to €16,628
- Taxes -€899
down €899 (-84.0%), from €1,070 to €171
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 | €669,205 | €618,953 | -€50,252 | -7.5% |
| Fixed assets | 21/28 | €421,888 | €405,261 | -€16,627 | -3.9% |
| Tangible fixed assets | 22/27 | €421,888 | €405,261 | -€16,627 | -3.9% |
| Land and buildings | 22 | €418,315 | €403,833 | -€14,482 | -3.5% |
| Furniture and vehicles | 24 | €3,573 | €1,428 | -€2,145 | -60.0% |
| Current assets | 29/58 | €247,317 | €213,692 | -€33,625 | -13.6% |
| Amounts receivable after more than one year | 29 | €182,683 | €162,462 | -€20,221 | -11.1% |
| Other amounts receivable | 291 | €182,683 | €162,462 | -€20,221 | -11.1% |
| Amounts receivable within one year | 40/41 | €61,657 | €47,708 | -€13,949 | -22.6% |
| Trade receivables | 40 | €61,657 | €47,708 | -€13,949 | -22.6% |
| Cash at bank and in hand | 54/58 | €2,850 | €3,522 | +€672 | +23.6% |
| Deferred charges and accrued income | 490/1 | €127 | - | -€127 | |
| Total equity and liabilities | 10/49 | €669,205 | €618,953 | -€50,252 | -7.5% |
| Equity | 10/15 | -€7,647 | -€29,311 | -€21,664 | -283% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,247 | -€47,911 | -€21,664 | -82.5% |
| Amounts payable | 17/49 | €676,852 | €648,264 | -€28,588 | -4.2% |
| Amounts payable after more than one year | 17 | €606,700 | €578,205 | -€28,495 | -4.7% |
| Financial debts | 170/4 | €606,700 | €578,205 | -€28,495 | -4.7% |
| Amounts payable within one year | 42/48 | €68,139 | €70,059 | +€1,920 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €36,615 | €35,635 | -€980 | -2.7% |
| Trade debts | 44 | €27,941 | €31,560 | +€3,619 | +13.0% |
| Suppliers | 440/4 | €27,941 | €31,560 | +€3,619 | +13.0% |
| Taxes, remuneration and social security | 45 | €3,583 | €2,864 | -€719 | -20.1% |
| Taxes | 450/3 | €3,583 | €2,864 | -€719 | -20.1% |
| Accrued charges and deferred income | 492/3 | €2,013 | - | -€2,013 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,869 | €16,628 | -€1,241 | -6.9% |
| Other operating charges | 640/8 | €2,421 | €445 | -€1,976 | -81.6% |
| Gross operating margin | 9900 | €30,003 | €3,778 | -€26,225 | -87.4% |
| Operating profit (loss) | 9901 | €9,713 | -€13,295 | -€23,008 | |
| Financial charges | 65/66B | €9,691 | €8,198 | -€1,493 | -15.4% |
| Recurring financial charges | 65 | €9,691 | €8,198 | -€1,493 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €22 | -€21,493 | -€21,515 | |
| Income taxes | 67/77 | €1,070 | €171 | -€899 | -84.0% |
| Profit (loss) for the period | 9904 | -€1,048 | -€21,664 | -€20,616 | -1,967% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,048 | -€21,664 | -€20,616 | -1,967% |
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.