Philippaerts Interieur: 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 Interieur
Largest movements
- Deferred charges and accrued income +€234,831
up €234,831 (+6,862%), from €3,422 to €238,254
- Receivables within one year +€94,080
up €94,080 (+146%), from €64,645 to €158,725
of which Trade receivables: +€92,068
- Tangible fixed assets -€20,910
down €20,910 (-20.6%), from €101,454 to €80,544
of which Plant, machinery and equipment: -€16,354
- Stocks and contracts -€12,416
down €12,416 (-9.9%), from €125,791 to €113,376
- Debts after one year +€214,958
up €214,958 (+245%), from €87,779 to €302,737
of which Financial debts: +€218,458
- Trade debts +€43,854
up €43,854 (+47.5%), from €92,267 to €136,121
- Current portion of long-term debt +€26,378
up €26,378 (+146%), from €18,031 to €44,409
- Accrued charges and deferred income +€17,418
up €17,418 (+375%), from €4,650 to €22,068
- Profit (loss) carried forward -€15,440
new in 2025: -€15,440
- Staff costs +€26,404
up €26,404 (+44.0%), from €60,027 to €86,431
- Gross operating margin -€10,793
down €10,793 (-9.6%), from €112,888 to €102,095
- Other operating charges +€1,649
up €1,649 (+34.1%), from €4,837 to €6,487
- Depreciation -€1,646
down €1,646 (-7.3%), from €22,556 to €20,910
- Taxes -€1,258
down €1,258 (-87.7%), from €1,434 to €176
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 | €317,463 | €609,897 | +€292,435 | +92.1% |
| Fixed assets | 21/28 | €101,454 | €80,544 | -€20,910 | -20.6% |
| Tangible fixed assets | 22/27 | €101,454 | €80,544 | -€20,910 | -20.6% |
| Land and buildings | 22 | €22,306 | €17,845 | -€4,461 | -20.0% |
| Plant, machinery and equipment | 23 | €78,676 | €62,321 | -€16,354 | -20.8% |
| Other tangible fixed assets | 26 | €472 | €378 | -€94 | -20.0% |
| Current assets | 29/58 | €216,009 | €529,354 | +€313,345 | +145% |
| Stocks and contracts in progress | 3 | €125,791 | €113,376 | -€12,416 | -9.9% |
| Stocks | 30/36 | €125,791 | €113,376 | -€12,416 | -9.9% |
| Amounts receivable within one year | 40/41 | €64,645 | €158,725 | +€94,080 | +146% |
| Trade receivables | 40 | €60,589 | €152,657 | +€92,068 | +152% |
| Other amounts receivable | 41 | €4,056 | €6,068 | +€2,012 | +49.6% |
| Cash at bank and in hand | 54/58 | €22,150 | €18,999 | -€3,151 | -14.2% |
| Deferred charges and accrued income | 490/1 | €3,422 | €238,254 | +€234,831 | +6,862% |
| Total equity and liabilities | 10/49 | €317,463 | €609,897 | +€292,435 | +92.1% |
| Equity | 10/15 | €61,892 | €46,453 | -€15,440 | -24.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €392 | €392 | = | 0.0% |
| Non-distributable reserves | 130/1 | €392 | €392 | = | 0.0% |
| Legal reserve | 130 | €392 | €392 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,440 | -€15,440 | |
| Amounts payable | 17/49 | €255,570 | €563,445 | +€307,874 | +120% |
| Amounts payable after more than one year | 17 | €87,779 | €302,737 | +€214,958 | +245% |
| Financial debts | 170/4 | €82,314 | €300,772 | +€218,458 | +265% |
| Trade debts | 175 | €5,465 | €1,965 | -€3,500 | -64.0% |
| Amounts payable within one year | 42/48 | €163,142 | €238,640 | +€75,498 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €18,031 | €44,409 | +€26,378 | +146% |
| Trade debts | 44 | €92,267 | €136,121 | +€43,854 | +47.5% |
| Suppliers | 440/4 | €92,267 | €136,121 | +€43,854 | +47.5% |
| Advances received on contracts in progress | 46 | €30,400 | €33,320 | +€2,920 | +9.6% |
| Taxes, remuneration and social security | 45 | €22,444 | €24,790 | +€2,346 | +10.5% |
| Taxes | 450/3 | €1,910 | €2,086 | +€176 | +9.2% |
| Remuneration and social security | 454/9 | €20,534 | €22,703 | +€2,169 | +10.6% |
| Other amounts payable | 47/48 | €0 | €0 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,650 | €22,068 | +€17,418 | +375% |
| Remuneration, social security and pensions | 62 | €60,027 | €86,431 | +€26,404 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,556 | €20,910 | -€1,646 | -7.3% |
| Other operating charges | 640/8 | €4,837 | €6,487 | +€1,649 | +34.1% |
| Gross operating margin | 9900 | €112,888 | €102,095 | -€10,793 | -9.6% |
| Operating profit (loss) | 9901 | €25,467 | -€11,733 | -€37,200 | |
| Financial income | 75/76B | €1,383 | €167 | -€1,215 | -87.9% |
| Recurring financial income | 75 | €1,383 | €167 | -€1,215 | -87.9% |
| Financial charges | 65/66B | €2,506 | €3,698 | +€1,192 | +47.6% |
| Recurring financial charges | 65 | €2,506 | €3,698 | +€1,192 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €24,344 | -€15,264 | -€39,608 | |
| Income taxes | 67/77 | €1,434 | €176 | -€1,258 | -87.7% |
| Profit (loss) for the period | 9904 | €22,910 | -€15,440 | -€38,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,910 | -€15,440 | -€38,350 |
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 22 October 2026 via checked.be.