PHILIPPAERTS IMMO: 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.
PHILIPPAERTS IMMO
Largest movements
- Cash +€17,708
up €17,708 (+8.3%), from €214,448 to €232,157
mainly Net result for the year (+€22,676) and Tax, wage and social debts (+€3,377)
- Receivables within one year +€6,374
up €6,374 (+190%), from €3,357 to €9,731
- Reserves +€22,676
up €22,676 (+6.5%), from €350,256 to €372,932
of which Distributable reserves: +€22,676
- Gross operating margin +€18,217
up €18,217 (+71.4%), from €25,504 to €43,720
- Taxes +€4,971
up €4,971 (+128%), from €3,892 to €8,863
- Financial charges +€1,910
up €1,910, from -€1,778 to €132
- Financial income -€1,718
down €1,718 (-28.3%), from €6,070 to €4,351
- Other operating charges +€488
up €488 (+3.1%), from €15,913 to €16,401
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 | €428,996 | €454,860 | +€25,865 | +6.0% |
| Fixed assets | 21/28 | €140,410 | €140,410 | = | 0.0% |
| Tangible fixed assets | 22/27 | €140,410 | €140,410 | = | 0.0% |
| Land and buildings | 22 | €140,410 | €140,410 | = | 0.0% |
| Current assets | 29/58 | €288,586 | €314,451 | +€25,865 | +9.0% |
| Amounts receivable within one year | 40/41 | €3,357 | €9,731 | +€6,374 | +190% |
| Other amounts receivable | 41 | €3,357 | €9,731 | +€6,374 | +190% |
| Current investments | 50/53 | €62,781 | €62,781 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €214,448 | €232,157 | +€17,708 | +8.3% |
| Deferred charges and accrued income | 490/1 | €8,000 | €9,782 | +€1,782 | +22.3% |
| Total equity and liabilities | 10/49 | €428,996 | €454,860 | +€25,865 | +6.0% |
| Equity | 10/15 | €425,256 | €447,932 | +€22,676 | +5.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €350,256 | €372,932 | +€22,676 | +6.5% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,060 | €10,060 | = | 0.0% |
| Distributable reserves | 133 | €332,697 | €355,373 | +€22,676 | +6.8% |
| Amounts payable | 17/49 | €3,740 | €6,928 | +€3,189 | +85.3% |
| Amounts payable within one year | 42/48 | €3,740 | €6,926 | +€3,186 | +85.2% |
| Trade debts | 44 | €2,092 | €1,901 | -€190 | -9.1% |
| Suppliers | 440/4 | €2,092 | €1,901 | -€190 | -9.1% |
| Taxes, remuneration and social security | 45 | €1,648 | €5,025 | +€3,377 | +205% |
| Taxes | 450/3 | - | €5,025 | +€5,025 | |
| Remuneration and social security | 454/9 | €1,648 | - | -€1,648 | |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Non-recurring operating income | 76A | - | €18,100 | +€18,100 | |
| Other operating charges | 640/8 | €15,913 | €16,401 | +€488 | +3.1% |
| Gross operating margin | 9900 | €25,504 | €43,720 | +€18,217 | +71.4% |
| Operating profit (loss) | 9901 | €9,591 | €27,320 | +€17,729 | +185% |
| Financial income | 75/76B | €6,070 | €4,351 | -€1,718 | -28.3% |
| Recurring financial income | 75 | €6,070 | €4,351 | -€1,718 | -28.3% |
| Financial charges | 65/66B | -€1,778 | €132 | +€1,910 | |
| Recurring financial charges | 65 | -€1,778 | €132 | +€1,910 | |
| Profit (loss) for the period before taxes | 9903 | €17,439 | €31,539 | +€14,100 | +80.9% |
| Income taxes | 67/77 | €3,892 | €8,863 | +€4,971 | +128% |
| Profit (loss) for the period | 9904 | €13,547 | €22,676 | +€9,129 | +67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,547 | €22,676 | +€9,129 | +67.4% |
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 20 October 2026 via checked.be.