PHILIP KLEMM: what changed
PHILIP KLEMM
Largest movements
- Current investments +€50,000
up €50,000 (+16.7%), from €300,000 to €350,000
- Cash +€34,676
up €34,676 (+60.9%), from €56,966 to €91,642
mainly Net result for the year (+€42,925) and Depreciation (+€19,348)
- Tangible fixed assets -€19,348
down €19,348 (-16.4%), from €117,631 to €98,283
- Receivables within one year -€14,264
down €14,264 (-42.6%), from €33,506 to €19,243
of which Trade receivables: -€16,389
- Reserves +€42,925
up €42,925 (+9.2%), from €464,265 to €507,191
of which Tax-exempt reserves: +€42,925
- Other debts +€10,470
up €10,470 (+52.4%), from €19,987 to €30,457
- Gross operating margin +€38,764
up €38,764 (+84.9%), from €45,655 to €84,419
- Taxes +€10,720
up €10,720 (+105%), from €10,209 to €20,929
- Financial income -€5,778
down €5,778 (-63.4%), from €9,117 to €3,340
- Depreciation -€1,285
down €1,285 (-6.2%), from €20,633 to €19,348
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 | €509,218 | €560,674 | +€51,456 | +10.1% |
| Fixed assets | 21/28 | €117,631 | €98,283 | -€19,348 | -16.4% |
| Tangible fixed assets | 22/27 | €117,631 | €98,283 | -€19,348 | -16.4% |
| Land and buildings | 22 | €117,631 | €98,283 | -€19,348 | -16.4% |
| Current assets | 29/58 | €391,587 | €462,391 | +€70,804 | +18.1% |
| Amounts receivable within one year | 40/41 | €33,506 | €19,243 | -€14,264 | -42.6% |
| Trade receivables | 40 | €29,060 | €12,671 | -€16,389 | -56.4% |
| Other amounts receivable | 41 | €4,446 | €6,571 | +€2,125 | +47.8% |
| Current investments | 50/53 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Cash at bank and in hand | 54/58 | €56,966 | €91,642 | +€34,676 | +60.9% |
| Deferred charges and accrued income | 490/1 | €1,115 | €1,507 | +€392 | +35.2% |
| Total equity and liabilities | 10/49 | €509,218 | €560,674 | +€51,456 | +10.1% |
| Equity | 10/15 | €481,448 | €523,540 | +€42,092 | +8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €464,265 | €507,191 | +€42,925 | +9.2% |
| Tax-exempt reserves | 132 | €462,405 | €505,331 | +€42,925 | +9.3% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,783 | €3,950 | -€833 | -17.4% |
| Amounts payable | 17/49 | €27,770 | €37,134 | +€9,364 | +33.7% |
| Amounts payable within one year | 42/48 | €24,454 | €35,408 | +€10,954 | +44.8% |
| Trade debts | 44 | €2,164 | €2,862 | +€698 | +32.3% |
| Suppliers | 440/4 | €2,164 | €2,862 | +€698 | +32.3% |
| Taxes, remuneration and social security | 45 | €2,303 | €2,089 | -€214 | -9.3% |
| Taxes | 450/3 | €2,303 | €2,089 | -€214 | -9.3% |
| Other amounts payable | 47/48 | €19,987 | €30,457 | +€10,470 | +52.4% |
| Accrued charges and deferred income | 492/3 | €3,316 | €1,726 | -€1,590 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,633 | €19,348 | -€1,285 | -6.2% |
| Other operating charges | 640/8 | €2,543 | €2,758 | +€215 | +8.5% |
| Gross operating margin | 9900 | €45,655 | €84,419 | +€38,764 | +84.9% |
| Operating profit (loss) | 9901 | €22,478 | €62,312 | +€39,834 | +177% |
| Financial income | 75/76B | €9,117 | €3,340 | -€5,778 | -63.4% |
| Recurring financial income | 75 | €9,117 | €3,340 | -€5,778 | -63.4% |
| Financial charges | 65/66B | €1,618 | €1,798 | +€180 | +11.1% |
| Recurring financial charges | 65 | €1,618 | €1,798 | +€180 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €29,978 | €63,854 | +€33,877 | +113% |
| Income taxes | 67/77 | €10,209 | €20,929 | +€10,720 | +105% |
| Profit (loss) for the period | 9904 | €19,769 | €42,925 | +€23,157 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €19,769 | €42,925 | +€23,157 | +117% |
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 8 November 2026 via checked.be.