Philip Laheij: 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 Laheij
Largest movements
- Cash -€36,997
down €36,997 (-47.9%), from €77,317 to €40,320
mainly Trade debts (-€23,846) and Receivables within one year (-€18,952)
- Receivables within one year +€18,952
up €18,952 (+17.0%), from €111,352 to €130,304
of which Other amounts receivable: +€72,182
- Tangible fixed assets -€4,633
down €4,633 (-14.4%), from €32,194 to €27,561
of which Furniture and vehicles: -€3,081
- Trade debts -€23,846
down €23,846 (-73.1%), from €32,626 to €8,780
- Gross operating margin +€3,994
up €3,994 (+32.0%), from €12,489 to €16,483
- Financial income +€1,331
up €1,331 (+97.1%), from €1,371 to €2,702
- Depreciation +€1,301
up €1,301 (+8.7%), from €14,989 to €16,290
- Financial charges -€286
down €286 (-42.4%), from €675 to €389
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 | €223,963 | €201,655 | -€22,308 | -10.0% |
| Fixed assets | 21/28 | €32,194 | €27,561 | -€4,633 | -14.4% |
| Tangible fixed assets | 22/27 | €32,194 | €27,561 | -€4,633 | -14.4% |
| Plant, machinery and equipment | 23 | €0 | €1,424 | +€1,424 | |
| Furniture and vehicles | 24 | €14,043 | €10,962 | -€3,081 | -21.9% |
| Other tangible fixed assets | 26 | €18,151 | €15,175 | -€2,976 | -16.4% |
| Current assets | 29/58 | €191,769 | €174,094 | -€17,675 | -9.2% |
| Amounts receivable within one year | 40/41 | €111,352 | €130,304 | +€18,952 | +17.0% |
| Trade receivables | 40 | €68,100 | €14,870 | -€53,230 | -78.2% |
| Other amounts receivable | 41 | €43,252 | €115,434 | +€72,182 | +167% |
| Cash at bank and in hand | 54/58 | €77,317 | €40,320 | -€36,997 | -47.9% |
| Deferred charges and accrued income | 490/1 | €3,099 | €3,469 | +€370 | +11.9% |
| Total equity and liabilities | 10/49 | €223,963 | €201,655 | -€22,308 | -10.0% |
| Equity | 10/15 | €190,994 | €192,505 | +€1,511 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €322,379 | €322,379 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €322,379 | €322,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,585 | -€136,074 | +€1,511 | +1.1% |
| Amounts payable | 17/49 | €32,969 | €9,150 | -€23,819 | -72.2% |
| Amounts payable within one year | 42/48 | €32,969 | €9,150 | -€23,819 | -72.2% |
| Trade debts | 44 | €32,626 | €8,780 | -€23,846 | -73.1% |
| Suppliers | 440/4 | €32,626 | €8,780 | -€23,846 | -73.1% |
| Taxes, remuneration and social security | 45 | €343 | €370 | +€27 | +7.8% |
| Taxes | 450/3 | €343 | €370 | +€27 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,989 | €16,290 | +€1,301 | +8.7% |
| Other operating charges | 640/8 | €493 | €625 | +€132 | +26.7% |
| Gross operating margin | 9900 | €12,489 | €16,483 | +€3,994 | +32.0% |
| Operating profit (loss) | 9901 | -€2,993 | -€433 | +€2,561 | +85.5% |
| Financial income | 75/76B | €1,371 | €2,702 | +€1,331 | +97.1% |
| Recurring financial income | 75 | €1,371 | €2,702 | +€1,331 | +97.1% |
| Financial charges | 65/66B | €675 | €389 | -€286 | -42.4% |
| Recurring financial charges | 65 | €675 | €389 | -€286 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,297 | €1,881 | +€4,178 | |
| Income taxes | 67/77 | €343 | €370 | +€27 | +7.8% |
| Profit (loss) for the period | 9904 | -€2,640 | €1,511 | +€4,151 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,640 | €1,511 | +€4,151 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.