PHILIDAN: what changed
Two fiscal 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.
PHILIDAN
Largest movements
- Cash +€3,598
up €3,598 (+476.8%), from €755 to €4,352
mainly Other debts (+€6,616) and Receivables within one year (+€1,226)
- Receivables within one year -€1,226
down €1,226 (-36.4%), from €3,371 to €2,145
- Tangible fixed assets -€208
no longer reported in 2025 (was €208)
- Other debts +€6,616
up €6,616 (+7.5%), from €87,924 to €94,540
- Short-term financial debts -€3,201
no longer reported in 2025 (was €3,201)
- Profit (loss) carried forward -€2,492
down €2,492 (-1.6%), from -€153,694 to -€156,186
- Tax, wage and social debts +€957
up €957 (+57.2%), from €1,672 to €2,629
- Trade debts +€287
up €287 (+66.4%), from €432 to €718
- Gross operating margin -€8,751
down €8,751, from €6,628 to -€2,122
- Depreciation -€408
down €408 (-66.2%), from €616 to €208
- Financial charges -€359
down €359 (-86.5%), from €415 to €56
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.
Cash bridge derived
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 | €4,535 | €6,701 | +€2,166 | +47.8% |
| Fixed assets | 21/28 | €208 | - | -€208 | |
| Tangible fixed assets | 22/27 | €208 | - | -€208 | |
| Furniture and vehicles | 24 | €208 | - | -€208 | |
| Current assets | 29/58 | €4,327 | €6,701 | +€2,374 | +54.9% |
| Stocks and contracts in progress | 3 | €201 | €204 | +€2 | +1.1% |
| Stocks | 30/36 | €201 | €204 | +€2 | +1.1% |
| Amounts receivable within one year | 40/41 | €3,371 | €2,145 | -€1,226 | -36.4% |
| Trade receivables | 40 | €3,371 | €2,145 | -€1,226 | -36.4% |
| Cash at bank and in hand | 54/58 | €755 | €4,352 | +€3,598 | +476.8% |
| Total equity and liabilities | 10/49 | €4,535 | €6,701 | +€2,166 | +47.8% |
| Equity | 10/15 | -€88,694 | -€91,186 | -€2,492 | -2.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,694 | -€156,186 | -€2,492 | -1.6% |
| Amounts payable | 17/49 | €93,229 | €97,887 | +€4,658 | +5.0% |
| Amounts payable within one year | 42/48 | €93,229 | €97,887 | +€4,658 | +5.0% |
| Financial debts | 43 | €3,201 | - | -€3,201 | |
| Credit institutions | 430/8 | €3,201 | - | -€3,201 | |
| Trade debts | 44 | €432 | €718 | +€287 | +66.4% |
| Suppliers | 440/4 | €432 | €718 | +€287 | +66.4% |
| Taxes, remuneration and social security | 45 | €1,672 | €2,629 | +€957 | +57.2% |
| Taxes | 450/3 | €1,672 | €2,629 | +€957 | +57.2% |
| Other amounts payable | 47/48 | €87,924 | €94,540 | +€6,616 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €616 | €208 | -€408 | -66.2% |
| Other operating charges | 640/8 | €130 | €120 | -€10 | -7.7% |
| Gross operating margin | 9900 | €6,628 | -€2,122 | -€8,751 | |
| Operating profit (loss) | 9901 | €5,882 | -€2,451 | -€8,332 | |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €415 | €56 | -€359 | -86.5% |
| Recurring financial charges | 65 | €415 | €56 | -€359 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €5,467 | -€2,492 | -€7,959 | |
| Profit (loss) for the period | 9904 | €5,467 | -€2,492 | -€7,959 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,467 | -€2,492 | -€7,959 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.