PHILIP GILS: 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.
PHILIP GILS
Largest movements
- Receivables within one year +€35,612
up €35,612 (+24.6%), from €145,033 to €180,645
of which Trade receivables: +€23,783
- Tangible fixed assets -€17,395
down €17,395 (-8.5%), from €203,587 to €186,192
of which Land and buildings: -€11,329
- Cash +€11,506
up €11,506 (+468%), from €2,457 to €13,964
mainly Net result for the year (+€42,127) and Trade debts (+€26,540)
- Reserves +€42,127
up €42,127 (+16.7%), from €251,542 to €293,669
of which Distributable reserves: +€42,127
- Trade debts +€26,540
up €26,540 (+254%), from €10,434 to €36,974
- Debts after one year -€25,234
down €25,234 (-96.6%), from €26,120 to €887
- Accrued charges and deferred income -€8,562
down €8,562 (-85.6%), from €10,000 to €1,438
- Current portion of long-term debt -€5,936
down €5,936 (-19.0%), from €31,169 to €25,234
- Gross operating margin +€48,718
up €48,718 (+189%), from €25,775 to €74,493
- Taxes +€10,939
up €10,939 (+1,199%), from €913 to €11,852
- Financial charges -€1,316
down €1,316 (-27.3%), from €4,815 to €3,499
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,078 | €385,801 | +€29,723 | +8.3% |
| Fixed assets | 21/28 | €203,587 | €186,192 | -€17,395 | -8.5% |
| Tangible fixed assets | 22/27 | €203,587 | €186,192 | -€17,395 | -8.5% |
| Land and buildings | 22 | €181,842 | €170,513 | -€11,329 | -6.2% |
| Plant, machinery and equipment | 23 | €3,960 | €2,157 | -€1,803 | -45.5% |
| Furniture and vehicles | 24 | €17,785 | €13,522 | -€4,264 | -24.0% |
| Current assets | 29/58 | €152,491 | €199,609 | +€47,118 | +30.9% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €145,033 | €180,645 | +€35,612 | +24.6% |
| Trade receivables | 40 | €1,097 | €24,880 | +€23,783 | +2,168% |
| Other amounts receivable | 41 | €143,937 | €155,765 | +€11,829 | +8.2% |
| Cash at bank and in hand | 54/58 | €2,457 | €13,964 | +€11,506 | +468% |
| Total equity and liabilities | 10/49 | €356,078 | €385,801 | +€29,723 | +8.3% |
| Equity | 10/15 | €273,542 | €315,669 | +€42,127 | +15.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €251,542 | €293,669 | +€42,127 | +16.7% |
| Non-distributable reserves | 130/1 | €2,200 | €2,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,200 | €2,200 | = | 0.0% |
| Distributable reserves | 133 | €249,342 | €291,469 | +€42,127 | +16.9% |
| Amounts payable | 17/49 | €82,536 | €70,132 | -€12,404 | -15.0% |
| Amounts payable after more than one year | 17 | €26,120 | €887 | -€25,234 | -96.6% |
| Financial debts | 170/4 | €26,120 | €887 | -€25,234 | -96.6% |
| Amounts payable within one year | 42/48 | €46,415 | €67,807 | +€21,392 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €31,169 | €25,234 | -€5,936 | -19.0% |
| Financial debts | 43 | €147 | - | -€147 | |
| Credit institutions | 430/8 | €147 | - | -€147 | |
| Trade debts | 44 | €10,434 | €36,974 | +€26,540 | +254% |
| Suppliers | 440/4 | €10,434 | €36,974 | +€26,540 | +254% |
| Taxes, remuneration and social security | 45 | €4,665 | €5,600 | +€935 | +20.0% |
| Taxes | 450/3 | €4,665 | €5,600 | +€935 | +20.0% |
| Accrued charges and deferred income | 492/3 | €10,000 | €1,438 | -€8,562 | -85.6% |
| Non-recurring operating income | 76A | €8,500 | - | -€8,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,085 | €17,395 | -€690 | -3.8% |
| Other operating charges | 640/8 | €2,524 | €2,656 | +€132 | +5.2% |
| Gross operating margin | 9900 | €25,775 | €74,493 | +€48,718 | +189% |
| Operating profit (loss) | 9901 | €5,165 | €54,441 | +€49,276 | +954% |
| Financial income | 75/76B | €3,159 | €3,036 | -€123 | -3.9% |
| Recurring financial income | 75 | €3,159 | €3,036 | -€123 | -3.9% |
| Financial charges | 65/66B | €4,815 | €3,499 | -€1,316 | -27.3% |
| Recurring financial charges | 65 | €4,815 | €3,499 | -€1,316 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €3,509 | €53,978 | +€50,470 | +1,438% |
| Income taxes | 67/77 | €913 | €11,852 | +€10,939 | +1,199% |
| Profit (loss) for the period | 9904 | €2,596 | €42,127 | +€39,531 | +1,523% |
| Profit (loss) for the period to be appropriated | 9905 | €2,596 | €42,127 | +€39,531 | +1,523% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.