PHILERIC: 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.
PHILERIC
Largest movements
- Cash +€22,406
up €22,406 (+42.1%), from €53,188 to €75,594
mainly Net result for the year (+€18,266) and Current portion of long-term debt (+€8,000)
- Tangible fixed assets +€1,982
new in 2025: €1,982
- Receivables within one year -€1,690
down €1,690 (-4.2%), from €40,655 to €38,965
- Reserves +€18,266
up €18,266 (+28.1%), from €64,976 to €83,242
- Current portion of long-term debt +€8,000
new in 2025: €8,000
- Short-term financial debts -€8,000
no longer reported in 2025 (was €8,000)
- Tax, wage and social debts +€2,619
up €2,619 (+75.0%), from €3,490 to €6,109
of which Remuneration and social security: +€1,689
- Trade debts +€2,064
up €2,064 (+1,153%), from €179 to €2,243
- Gross operating margin +€28,878
up €28,878 (+50.5%), from €57,215 to €86,093
- Staff costs +€11,675
up €11,675 (+28.6%), from €40,807 to €52,482
- Taxes +€9,923
up €9,923 (+2,276%), from €436 to €10,359
- Depreciation +€981
up €981 (+244%), from €402 to €1,383
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 | €95,245 | €118,194 | +€22,949 | +24.1% |
| Fixed assets | 21/28 | €50 | €2,032 | +€1,982 | +3,964% |
| Tangible fixed assets | 22/27 | - | €1,982 | +€1,982 | |
| Furniture and vehicles | 24 | - | €1,982 | +€1,982 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €95,195 | €116,162 | +€20,967 | +22.0% |
| Stocks and contracts in progress | 3 | €1,352 | €1,390 | +€38 | +2.8% |
| Stocks | 30/36 | €1,352 | €1,390 | +€38 | +2.8% |
| Amounts receivable within one year | 40/41 | €40,655 | €38,965 | -€1,690 | -4.2% |
| Other amounts receivable | 41 | €40,655 | €38,965 | -€1,690 | -4.2% |
| Cash at bank and in hand | 54/58 | €53,188 | €75,594 | +€22,406 | +42.1% |
| Deferred charges and accrued income | 490/1 | - | €213 | +€213 | |
| Total equity and liabilities | 10/49 | €95,245 | €118,194 | +€22,949 | +24.1% |
| Equity | 10/15 | €83,576 | €101,842 | +€18,266 | +21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,976 | €83,242 | +€18,266 | +28.1% |
| Distributable reserves | 133 | €64,976 | €83,242 | +€18,266 | +28.1% |
| Amounts payable | 17/49 | €11,669 | €16,352 | +€4,683 | +40.1% |
| Amounts payable within one year | 42/48 | €11,669 | €16,352 | +€4,683 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,000 | +€8,000 | |
| Financial debts | 43 | €8,000 | - | -€8,000 | |
| Credit institutions | 430/8 | €8,000 | - | -€8,000 | |
| Trade debts | 44 | €179 | €2,243 | +€2,064 | +1,153% |
| Suppliers | 440/4 | €179 | €2,243 | +€2,064 | +1,153% |
| Taxes, remuneration and social security | 45 | €3,490 | €6,109 | +€2,619 | +75.0% |
| Taxes | 450/3 | €1,228 | €2,158 | +€930 | +75.7% |
| Remuneration and social security | 454/9 | €2,262 | €3,951 | +€1,689 | +74.7% |
| Remuneration, social security and pensions | 62 | €40,807 | €52,482 | +€11,675 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €402 | €1,383 | +€981 | +244% |
| Other operating charges | 640/8 | €1,011 | €474 | -€537 | -53.1% |
| Gross operating margin | 9900 | €57,215 | €86,093 | +€28,878 | +50.5% |
| Operating profit (loss) | 9901 | €14,995 | €31,754 | +€16,759 | +112% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €2,302 | €3,129 | +€827 | +35.9% |
| Recurring financial charges | 65 | €2,302 | €3,129 | +€827 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €12,712 | €28,625 | +€15,913 | +125% |
| Income taxes | 67/77 | €436 | €10,359 | +€9,923 | +2,276% |
| Profit (loss) for the period | 9904 | €12,276 | €18,266 | +€5,990 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,276 | €18,266 | +€5,990 | +48.8% |
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.