Philinie: 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.
Philinie
Largest movements
- Receivables within one year -€39,209
down €39,209 (-97.6%), from €40,169 to €959
of which Trade receivables: -€38,490
- Cash +€17,968
up €17,968 (+19.3%), from €93,249 to €111,217
mainly Net result for the year (+€39,311) and Receivables within one year (+€39,209)
- Deferred charges and accrued income -€4,060
down €4,060 (-29.2%), from €13,885 to €9,824
- Tangible fixed assets -€3,573
down €3,573 (-17.9%), from €19,960 to €16,387
of which Furniture and vehicles: -€1,876
- Other debts -€16,840
down €16,840 (-26.5%), from €63,520 to €46,680
- Reserves -€7,370
down €7,370 (-4.4%), from €166,310 to €158,940
- Tax, wage and social debts -€6,203
down €6,203 (-26.3%), from €23,544 to €17,341
of which Taxes: -€9,203
- Gross operating margin -€54,217
down €54,217 (-44.9%), from €120,732 to €66,515
- Taxes -€12,965
down €12,965 (-38.6%), from €33,619 to €20,654
- Depreciation +€1,377
up €1,377 (+62.7%), from €2,197 to €3,573
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 | €257,262 | €228,387 | -€28,875 | -11.2% |
| Fixed assets | 21/28 | €109,960 | €106,387 | -€3,573 | -3.2% |
| Tangible fixed assets | 22/27 | €19,960 | €16,387 | -€3,573 | -17.9% |
| Furniture and vehicles | 24 | €9,510 | €7,634 | -€1,876 | -19.7% |
| Other tangible fixed assets | 26 | €10,450 | €8,752 | -€1,698 | -16.2% |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €147,302 | €122,000 | -€25,302 | -17.2% |
| Amounts receivable within one year | 40/41 | €40,169 | €959 | -€39,209 | -97.6% |
| Trade receivables | 40 | €38,490 | €0 | -€38,490 | -100.0% |
| Other amounts receivable | 41 | €1,679 | €959 | -€719 | -42.8% |
| Cash at bank and in hand | 54/58 | €93,249 | €111,217 | +€17,968 | +19.3% |
| Deferred charges and accrued income | 490/1 | €13,885 | €9,824 | -€4,060 | -29.2% |
| Total equity and liabilities | 10/49 | €257,262 | €228,387 | -€28,875 | -11.2% |
| Equity | 10/15 | €167,382 | €160,013 | -€7,369 | -4.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €166,310 | €158,940 | -€7,370 | -4.4% |
| Distributable reserves | 133 | €166,310 | €158,940 | -€7,370 | -4.4% |
| Profit (loss) carried forward | 14 | €72 | €73 | +€1 | +1.0% |
| Amounts payable | 17/49 | €89,881 | €68,375 | -€21,506 | -23.9% |
| Amounts payable within one year | 42/48 | €89,881 | €68,375 | -€21,506 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,816 | €4,353 | +€1,537 | +54.6% |
| Suppliers | 440/4 | €2,816 | €4,353 | +€1,537 | +54.6% |
| Taxes, remuneration and social security | 45 | €23,544 | €17,341 | -€6,203 | -26.3% |
| Taxes | 450/3 | €23,544 | €14,341 | -€9,203 | -39.1% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €63,520 | €46,680 | -€16,840 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,197 | €3,573 | +€1,377 | +62.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €120,732 | €66,515 | -€54,217 | -44.9% |
| Operating profit (loss) | 9901 | €118,148 | €62,542 | -€55,606 | -47.1% |
| Financial income | 75/76B | €167 | €72 | -€96 | -57.1% |
| Recurring financial income | 75 | €167 | €72 | -€96 | -57.1% |
| Financial charges | 65/66B | €2,966 | €2,649 | -€317 | -10.7% |
| Recurring financial charges | 65 | €2,966 | €2,649 | -€317 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €115,349 | €59,965 | -€55,384 | -48.0% |
| Income taxes | 67/77 | €33,619 | €20,654 | -€12,965 | -38.6% |
| Profit (loss) for the period | 9904 | €81,730 | €39,311 | -€42,420 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €81,730 | €39,311 | -€42,420 | -51.9% |
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 5 October 2026 via checked.be.