PHILIPPAERTS EXPORT: what changed
PHILIPPAERTS EXPORT
Largest movements
- Cash +€365,905
up €365,905 (+1,499%), from €24,406 to €390,311
mainly Receivables within one year (+€361,801) and Stocks and contracts (+€33,000)
- Receivables within one year -€361,801
down €361,801 (-96.2%), from €375,969 to €14,167
of which Other amounts receivable: -€367,851
- Stocks and contracts -€33,000
down €33,000 (-75.9%), from €43,500 to €10,500
- Tangible fixed assets -€5,308
down €5,308 (-46.5%), from €11,417 to €6,108
of which Plant, machinery and equipment: -€3,856
- Profit (loss) carried forward -€29,133
down €29,133 (-39.7%), from -€73,363 to -€102,496
- Financial income -€57,538
down €57,538 (-91.9%), from €62,601 to €5,063
of which Non-recurring financial income: -€54,000
- Gross operating margin -€9,597
down €9,597 (-52.3%), from -€18,338 to -€27,935
- Depreciation -€6,248
down €6,248 (-54.1%), from €11,556 to €5,308
- Financial charges -€2,021
down €2,021 (-95.8%), from €2,108 to €88
- Other operating charges -€1,421
down €1,421 (-62.2%), from €2,286 to €865
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 | €455,291 | €421,087 | -€34,204 | -7.5% |
| Fixed assets | 21/28 | €11,417 | €6,108 | -€5,308 | -46.5% |
| Tangible fixed assets | 22/27 | €11,417 | €6,108 | -€5,308 | -46.5% |
| Land and buildings | 22 | €4,570 | €3,119 | -€1,452 | -31.8% |
| Plant, machinery and equipment | 23 | €6,846 | €2,990 | -€3,856 | -56.3% |
| Current assets | 29/58 | €443,874 | €414,978 | -€28,896 | -6.5% |
| Stocks and contracts in progress | 3 | €43,500 | €10,500 | -€33,000 | -75.9% |
| Stocks | 30/36 | €43,500 | €10,500 | -€33,000 | -75.9% |
| Amounts receivable within one year | 40/41 | €375,969 | €14,167 | -€361,801 | -96.2% |
| Trade receivables | 40 | €2,491 | €8,541 | +€6,050 | +243% |
| Other amounts receivable | 41 | €373,478 | €5,626 | -€367,851 | -98.5% |
| Cash at bank and in hand | 54/58 | €24,406 | €390,311 | +€365,905 | +1,499% |
| Total equity and liabilities | 10/49 | €455,291 | €421,087 | -€34,204 | -7.5% |
| Equity | 10/15 | €426,074 | €396,941 | -€29,133 | -6.8% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €460,837 | €460,837 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,860 | €11,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €430,227 | €430,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,363 | -€102,496 | -€29,133 | -39.7% |
| Amounts payable | 17/49 | €29,217 | €24,146 | -€5,071 | -17.4% |
| Amounts payable within one year | 42/48 | €27,217 | €24,146 | -€3,071 | -11.3% |
| Trade debts | 44 | €2,871 | - | -€2,871 | |
| Suppliers | 440/4 | €2,871 | - | -€2,871 | |
| Taxes, remuneration and social security | 45 | €682 | €482 | -€201 | -29.4% |
| Taxes | 450/3 | €682 | €482 | -€201 | -29.4% |
| Other amounts payable | 47/48 | €23,664 | €23,664 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,556 | €5,308 | -€6,248 | -54.1% |
| Other operating charges | 640/8 | €2,286 | €865 | -€1,421 | -62.2% |
| Gross operating margin | 9900 | -€18,338 | -€27,935 | -€9,597 | -52.3% |
| Operating profit (loss) | 9901 | -€32,180 | -€34,108 | -€1,928 | -6.0% |
| Financial income | 75/76B | €62,601 | €5,063 | -€57,538 | -91.9% |
| Recurring financial income | 75 | €8,601 | €5,063 | -€3,538 | -41.1% |
| Non-recurring financial income | 76B | €54,000 | - | -€54,000 | |
| Financial charges | 65/66B | €2,108 | €88 | -€2,021 | -95.8% |
| Recurring financial charges | 65 | €2,108 | €88 | -€2,021 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €28,313 | -€29,133 | -€57,446 | |
| Profit (loss) for the period | 9904 | €28,313 | -€29,133 | -€57,446 | |
| Transfer from tax-exempt reserves | 789 | €100,000 | - | -€100,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €128,313 | -€29,133 | -€157,446 |
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.