PHILIP KUMS: 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 KUMS
Largest movements
- Cash +€13,963
up €13,963 (+30.1%), from €46,374 to €60,338
mainly Depreciation (+€12,129) and Net result for the year (+€6,686)
- Tangible fixed assets -€10,692
down €10,692 (-24.2%), from €44,239 to €33,547
- Deferred charges and accrued income -€3,198
down €3,198 (-58.1%), from €5,509 to €2,311
- Trade debts -€6,947
down €6,947 (-45.1%), from €15,391 to €8,443
- Reserves +€6,500
up €6,500 (+11.1%), from €58,750 to €65,250
of which Distributable reserves: +€6,500
- Tax, wage and social debts +€3,202
new in 2025: €3,202
of which Remuneration and social security: +€2,552
- Accrued charges and deferred income -€1,612
down €1,612 (-45.4%), from €3,550 to €1,938
- Gross operating margin +€9,097
up €9,097 (+63.7%), from €14,291 to €23,387
- Taxes +€2,427
up €2,427 (+349%), from €695 to €3,122
- Financial charges +€369
up €369 (+28.5%), from €1,297 to €1,666
- Depreciation +€237
up €237 (+2.0%), from €11,892 to €12,129
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 | €133,407 | €134,465 | +€1,058 | +0.8% |
| Fixed assets | 21/28 | €44,239 | €33,547 | -€10,692 | -24.2% |
| Tangible fixed assets | 22/27 | €44,239 | €33,547 | -€10,692 | -24.2% |
| Land and buildings | 22 | €16,146 | €12,958 | -€3,188 | -19.7% |
| Plant, machinery and equipment | 23 | €6,188 | €3,838 | -€2,350 | -38.0% |
| Furniture and vehicles | 24 | €21,905 | €16,750 | -€5,154 | -23.5% |
| Current assets | 29/58 | €89,168 | €100,918 | +€11,750 | +13.2% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,285 | €37,270 | +€985 | +2.7% |
| Trade receivables | 40 | €14,666 | €17,302 | +€2,636 | +18.0% |
| Other amounts receivable | 41 | €21,619 | €19,968 | -€1,651 | -7.6% |
| Cash at bank and in hand | 54/58 | €46,374 | €60,338 | +€13,963 | +30.1% |
| Deferred charges and accrued income | 490/1 | €5,509 | €2,311 | -€3,198 | -58.1% |
| Total equity and liabilities | 10/49 | €133,407 | €134,465 | +€1,058 | +0.8% |
| Equity | 10/15 | €111,400 | €118,086 | +€6,686 | +6.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €58,750 | €65,250 | +€6,500 | +11.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €56,250 | €62,750 | +€6,500 | +11.6% |
| Profit (loss) carried forward | 14 | €27,650 | €27,836 | +€186 | +0.7% |
| Amounts payable | 17/49 | €22,007 | €16,379 | -€5,628 | -25.6% |
| Amounts payable within one year | 42/48 | €18,457 | €14,441 | -€4,015 | -21.8% |
| Trade debts | 44 | €15,391 | €8,443 | -€6,947 | -45.1% |
| Suppliers | 440/4 | €15,391 | €8,443 | -€6,947 | -45.1% |
| Taxes, remuneration and social security | 45 | - | €3,202 | +€3,202 | |
| Taxes | 450/3 | - | €650 | +€650 | |
| Remuneration and social security | 454/9 | - | €2,552 | +€2,552 | |
| Other amounts payable | 47/48 | €3,066 | €2,796 | -€270 | -8.8% |
| Accrued charges and deferred income | 492/3 | €3,550 | €1,938 | -€1,612 | -45.4% |
| Non-recurring operating income | 76A | €992 | - | -€992 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,892 | €12,129 | +€237 | +2.0% |
| Other operating charges | 640/8 | €89 | €128 | +€39 | +43.7% |
| Gross operating margin | 9900 | €14,291 | €23,387 | +€9,097 | +63.7% |
| Operating profit (loss) | 9901 | €2,310 | €11,130 | +€8,820 | +382% |
| Financial income | 75/76B | €471 | €344 | -€127 | -26.9% |
| Recurring financial income | 75 | €471 | €344 | -€127 | -26.9% |
| Financial charges | 65/66B | €1,297 | €1,666 | +€369 | +28.5% |
| Recurring financial charges | 65 | €1,297 | €1,666 | +€369 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €1,484 | €9,808 | +€8,324 | +561% |
| Income taxes | 67/77 | €695 | €3,122 | +€2,427 | +349% |
| Profit (loss) for the period | 9904 | €789 | €6,686 | +€5,897 | +747% |
| Profit (loss) for the period to be appropriated | 9905 | €789 | €6,686 | +€5,897 | +747% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.