PHILEXIM: 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.
PHILEXIM
Largest movements
- Tangible fixed assets -€8,302
down €8,302 (-29.9%), from €27,740 to €19,438
of which Furniture and vehicles: -€4,807
- Profit (loss) carried forward -€8,398
down €8,398 (-3.5%), from €237,868 to €229,470
- Financial charges -€30,149
down €30,149 (-97.4%), from €30,964 to €815
- Gross operating margin -€18,894
down €18,894 (-21.4%), from €88,173 to €69,279
- Taxes +€8,701
up €8,701 (+46.2%), from €18,852 to €27,553
- Depreciation -€4,593
down €4,593 (-29.4%), from €15,643 to €11,050
- Financial income -€3,935
down €3,935 (-45.0%), from €8,744 to €4,809
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 | €774,321 | €765,362 | -€8,959 | -1.2% |
| Fixed assets | 21/28 | €392,740 | €384,438 | -€8,302 | -2.1% |
| Intangible fixed assets | 21 | €365,000 | €365,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €27,740 | €19,438 | -€8,302 | -29.9% |
| Plant, machinery and equipment | 23 | €12,672 | €9,177 | -€3,495 | -27.6% |
| Furniture and vehicles | 24 | €15,068 | €10,261 | -€4,807 | -31.9% |
| Current assets | 29/58 | €381,581 | €380,924 | -€657 | -0.2% |
| Amounts receivable within one year | 40/41 | €6,177 | €4,849 | -€1,328 | -21.5% |
| Trade receivables | 40 | €6,177 | €4,849 | -€1,328 | -21.5% |
| Cash at bank and in hand | 54/58 | €372,796 | €373,778 | +€981 | +0.3% |
| Deferred charges and accrued income | 490/1 | €2,607 | €2,297 | -€310 | -11.9% |
| Total equity and liabilities | 10/49 | €774,321 | €765,362 | -€8,959 | -1.2% |
| Equity | 10/15 | €753,229 | €742,281 | -€10,948 | -1.5% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €507,161 | €504,611 | -€2,550 | -0.5% |
| Tax-exempt reserves | 132 | €8,302 | €8,302 | = | 0.0% |
| Distributable reserves | 133 | €498,859 | €496,309 | -€2,550 | -0.5% |
| Profit (loss) carried forward | 14 | €237,868 | €229,470 | -€8,398 | -3.5% |
| Amounts payable | 17/49 | €21,092 | €23,081 | +€1,989 | +9.4% |
| Amounts payable within one year | 42/48 | €21,092 | €23,081 | +€1,989 | +9.4% |
| Trade debts | 44 | €3,655 | €1,850 | -€1,805 | -49.4% |
| Suppliers | 440/4 | €3,655 | €1,850 | -€1,805 | -49.4% |
| Taxes, remuneration and social security | 45 | €7,084 | €8,830 | +€1,747 | +24.7% |
| Taxes | 450/3 | €7,084 | €8,830 | +€1,747 | +24.7% |
| Other amounts payable | 47/48 | €10,353 | €12,400 | +€2,047 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,643 | €11,050 | -€4,593 | -29.4% |
| Other operating charges | 640/8 | €1,110 | €1,118 | +€7 | +0.7% |
| Gross operating margin | 9900 | €88,173 | €69,279 | -€18,894 | -21.4% |
| Operating profit (loss) | 9901 | €71,420 | €57,111 | -€14,309 | -20.0% |
| Financial income | 75/76B | €8,744 | €4,809 | -€3,935 | -45.0% |
| Recurring financial income | 75 | €8,744 | €4,809 | -€3,935 | -45.0% |
| Financial charges | 65/66B | €30,964 | €815 | -€30,149 | -97.4% |
| Recurring financial charges | 65 | €30,964 | €815 | -€30,149 | -97.4% |
| Profit (loss) for the period before taxes | 9903 | €49,199 | €61,105 | +€11,906 | +24.2% |
| Income taxes | 67/77 | €18,852 | €27,553 | +€8,701 | +46.2% |
| Profit (loss) for the period | 9904 | €30,348 | €33,552 | +€3,205 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,348 | €33,552 | +€3,205 | +10.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.