Philip Wittmann: 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 Wittmann
Largest movements
- Cash -€14,771
down €14,771 (-76.4%), from €19,334 to €4,563
mainly Advances received (-€10,533) and Receivables within one year (-€6,270)
- Receivables within one year +€6,270
up €6,270 (+842%), from €745 to €7,015
of which Trade receivables: +€6,618
- Tangible fixed assets +€2,741
up €2,741 (+486%), from €564 to €3,305
- Stocks and contracts -€300
down €300 (-9.1%), from €3,300 to €3,000
- Deferred charges and accrued income +€290
up €290 (+64.9%), from €446 to €736
- Advances received -€10,533
no longer reported in 2025 (was €10,533)
- Trade debts +€5,914
up €5,914 (+1,274%), from €464 to €6,378
- Other debts -€3,183
down €3,183 (-60.8%), from €5,237 to €2,054
- Tax, wage and social debts +€2,428
new in 2025: €2,428
- Profit (loss) carried forward -€397
down €397 (-6.8%), from -€5,844 to -€6,241
- Gross operating margin -€931
down €931 (-57.3%), from €1,625 to €694
- Depreciation +€167
up €167 (+46.2%), from €362 to €529
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 | €24,390 | €18,619 | -€5,771 | -23.7% |
| Fixed assets | 21/28 | €564 | €3,305 | +€2,741 | +486% |
| Tangible fixed assets | 22/27 | €564 | €3,305 | +€2,741 | +486% |
| Furniture and vehicles | 24 | €564 | €3,305 | +€2,741 | +486% |
| Current assets | 29/58 | €23,826 | €15,314 | -€8,512 | -35.7% |
| Stocks and contracts in progress | 3 | €3,300 | €3,000 | -€300 | -9.1% |
| Stocks | 30/36 | €3,300 | €3,000 | -€300 | -9.1% |
| Amounts receivable within one year | 40/41 | €745 | €7,015 | +€6,270 | +842% |
| Trade receivables | 40 | - | €6,618 | +€6,618 | |
| Other amounts receivable | 41 | €745 | €397 | -€348 | -46.7% |
| Cash at bank and in hand | 54/58 | €19,334 | €4,563 | -€14,771 | -76.4% |
| Deferred charges and accrued income | 490/1 | €446 | €736 | +€290 | +64.9% |
| Total equity and liabilities | 10/49 | €24,390 | €18,619 | -€5,771 | -23.7% |
| Equity | 10/15 | €8,156 | €7,759 | -€397 | -4.9% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,844 | -€6,241 | -€397 | -6.8% |
| Amounts payable | 17/49 | €16,234 | €10,860 | -€5,374 | -33.1% |
| Amounts payable within one year | 42/48 | €16,234 | €10,860 | -€5,374 | -33.1% |
| Trade debts | 44 | €464 | €6,378 | +€5,914 | +1,274% |
| Suppliers | 440/4 | €464 | €6,378 | +€5,914 | +1,274% |
| Advances received on contracts in progress | 46 | €10,533 | - | -€10,533 | |
| Taxes, remuneration and social security | 45 | - | €2,428 | +€2,428 | |
| Taxes | 450/3 | - | €2,428 | +€2,428 | |
| Other amounts payable | 47/48 | €5,237 | €2,054 | -€3,183 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €529 | +€167 | +46.2% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.1% |
| Gross operating margin | 9900 | €1,625 | €694 | -€931 | -57.3% |
| Operating profit (loss) | 9901 | €812 | -€300 | -€1,112 | |
| Financial charges | 65/66B | €102 | €97 | -€5 | -5.3% |
| Recurring financial charges | 65 | €102 | €97 | -€5 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €709 | -€397 | -€1,106 | |
| Profit (loss) for the period | 9904 | €709 | -€397 | -€1,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €709 | -€397 | -€1,106 |
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 21 October 2026 via checked.be.