PHILEXP: what changed
PHILEXP
Largest movements
- Receivables within one year -€9,984
down €9,984 (-38.0%), from €26,245 to €16,261
- Cash +€1,908
up €1,908 (+783%), from €244 to €2,152
mainly Receivables within one year (+€9,984) and Deferred charges and accrued income (+€1,582)
- Deferred charges and accrued income -€1,582
down €1,582 (-63.6%), from €2,488 to €906
- Formation expenses -€408
down €408 (-57.1%), from €714 to €306
- Profit (loss) carried forward -€7,079
down €7,079 (-45.5%), from €15,544 to €8,465
- Tax, wage and social debts -€2,674
down €2,674 (-24.5%), from €10,935 to €8,260
- Trade debts -€313
down €313 (-43.9%), from €712 to €399
- Gross operating margin -€26,682
down €26,682, from €20,874 to -€5,808
- Taxes -€6,845
down €6,845, from €6,323 to -€522
- Financial income -€1,582
down €1,582 (-63.6%), from €2,488 to €906
- Other operating charges -€302
down €302 (-37.8%), from €798 to €497
- Financial charges +€222
up €222 (+119%), from €186 to €408
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,690 | €19,624 | -€10,066 | -33.9% |
| Formation expenses | 20 | €714 | €306 | -€408 | -57.1% |
| Current assets | 29/58 | €28,977 | €19,318 | -€9,658 | -33.3% |
| Amounts receivable within one year | 40/41 | €26,245 | €16,261 | -€9,984 | -38.0% |
| Other amounts receivable | 41 | €26,245 | €16,261 | -€9,984 | -38.0% |
| Cash at bank and in hand | 54/58 | €244 | €2,152 | +€1,908 | +783% |
| Deferred charges and accrued income | 490/1 | €2,488 | €906 | -€1,582 | -63.6% |
| Total equity and liabilities | 10/49 | €29,690 | €19,624 | -€10,066 | -33.9% |
| Equity | 10/15 | €18,044 | €10,965 | -€7,079 | -39.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,544 | €8,465 | -€7,079 | -45.5% |
| Amounts payable | 17/49 | €11,647 | €8,660 | -€2,987 | -25.6% |
| Amounts payable within one year | 42/48 | €11,647 | €8,660 | -€2,987 | -25.6% |
| Trade debts | 44 | €712 | €399 | -€313 | -43.9% |
| Suppliers | 440/4 | €712 | €399 | -€313 | -43.9% |
| Taxes, remuneration and social security | 45 | €10,935 | €8,260 | -€2,674 | -24.5% |
| Taxes | 450/3 | €10,935 | €8,260 | -€2,674 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510 | €408 | -€102 | -20.0% |
| Other operating charges | 640/8 | €798 | €497 | -€302 | -37.8% |
| Non-recurring operating charges | 66A | - | €1,386 | +€1,386 | |
| Gross operating margin | 9900 | €20,874 | -€5,808 | -€26,682 | |
| Operating profit (loss) | 9901 | €19,566 | -€8,099 | -€27,665 | |
| Financial income | 75/76B | €2,488 | €906 | -€1,582 | -63.6% |
| Recurring financial income | 75 | €2,488 | €906 | -€1,582 | -63.6% |
| Financial charges | 65/66B | €186 | €408 | +€222 | +119% |
| Recurring financial charges | 65 | €186 | €408 | +€222 | +119% |
| Profit (loss) for the period before taxes | 9903 | €21,867 | -€7,601 | -€29,468 | |
| Income taxes | 67/77 | €6,323 | -€522 | -€6,845 | |
| Profit (loss) for the period | 9904 | €15,544 | -€7,079 | -€22,623 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,544 | -€7,079 | -€22,623 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.