PHILIMAR: 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.
PHILIMAR
Largest movements
- Cash +€38,656
up €38,656 (+17.6%), from €219,168 to €257,824
mainly Depreciation (+€41,439) and Receivables within one year (+€23,510)
- Tangible fixed assets -€33,856
down €33,856 (-11.9%), from €284,809 to €250,953
of which Land and buildings: -€30,463
- Receivables within one year -€23,510
down €23,510 (-32.5%), from €72,351 to €48,841
- Deferred charges and accrued income +€20,240
new in 2025: €20,240
- Profit (loss) carried forward +€15,149
up €15,149 (+30.7%), from €49,273 to €64,422
- Other debts -€8,188
down €8,188 (-3.2%), from €252,538 to €244,350
- Accrued charges and deferred income -€7,073
no longer reported in 2025 (was €7,073)
- Gross operating margin +€4,488
up €4,488 (+7.5%), from €59,458 to €63,947
- Taxes +€1,542
up €1,542 (+39.5%), from €3,902 to €5,445
- Depreciation -€1,192
down €1,192 (-2.8%), from €42,631 to €41,439
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 | €576,353 | €577,883 | +€1,530 | +0.3% |
| Fixed assets | 21/28 | €284,834 | €250,978 | -€33,856 | -11.9% |
| Tangible fixed assets | 22/27 | €284,809 | €250,953 | -€33,856 | -11.9% |
| Land and buildings | 22 | €256,903 | €226,440 | -€30,463 | -11.9% |
| Plant, machinery and equipment | 23 | €27,906 | €24,513 | -€3,393 | -12.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €291,519 | €326,905 | +€35,386 | +12.1% |
| Amounts receivable within one year | 40/41 | €72,351 | €48,841 | -€23,510 | -32.5% |
| Trade receivables | 40 | €72,351 | €48,841 | -€23,510 | -32.5% |
| Cash at bank and in hand | 54/58 | €219,168 | €257,824 | +€38,656 | +17.6% |
| Deferred charges and accrued income | 490/1 | - | €20,240 | +€20,240 | |
| Total equity and liabilities | 10/49 | €576,353 | €577,883 | +€1,530 | +0.3% |
| Equity | 10/15 | €305,108 | €320,257 | +€15,149 | +5.0% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €119,494 | €119,494 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,571 | €13,571 | = | 0.0% |
| Legal reserve | 130 | €13,571 | €13,571 | = | 0.0% |
| Distributable reserves | 133 | €105,922 | €105,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,273 | €64,422 | +€15,149 | +30.7% |
| Amounts payable | 17/49 | €271,245 | €257,626 | -€13,619 | -5.0% |
| Amounts payable after more than one year | 17 | €7,437 | €7,437 | = | 0.0% |
| Other amounts payable | 178/9 | €7,437 | €7,437 | = | 0.0% |
| Amounts payable within one year | 42/48 | €256,735 | €250,189 | -€6,547 | -2.5% |
| Trade debts | 44 | €306 | €415 | +€109 | +35.6% |
| Suppliers | 440/4 | €306 | €415 | +€109 | +35.6% |
| Taxes, remuneration and social security | 45 | €3,891 | €5,423 | +€1,532 | +39.4% |
| Taxes | 450/3 | €3,891 | €5,423 | +€1,532 | +39.4% |
| Other amounts payable | 47/48 | €252,538 | €244,350 | -€8,188 | -3.2% |
| Accrued charges and deferred income | 492/3 | €7,073 | - | -€7,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,631 | €41,439 | -€1,192 | -2.8% |
| Other operating charges | 640/8 | €1,707 | €1,779 | +€72 | +4.2% |
| Gross operating margin | 9900 | €59,458 | €63,947 | +€4,488 | +7.5% |
| Operating profit (loss) | 9901 | €15,120 | €20,728 | +€5,608 | +37.1% |
| Financial income | 75/76B | €58 | €72 | +€15 | +25.3% |
| Recurring financial income | 75 | €58 | €72 | +€15 | +25.3% |
| Financial charges | 65/66B | €327 | €207 | -€121 | -36.9% |
| Recurring financial charges | 65 | €327 | €207 | -€121 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €14,851 | €20,594 | +€5,743 | +38.7% |
| Income taxes | 67/77 | €3,902 | €5,445 | +€1,542 | +39.5% |
| Profit (loss) for the period | 9904 | €10,948 | €15,149 | +€4,201 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,948 | €15,149 | +€4,201 | +38.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.