PHILIPPART CEDRIC: 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.
PHILIPPART CEDRIC
Largest movements
- Cash +€35,759
up €35,759 (+93.4%), from €38,266 to €74,025
mainly Net result for the year (+€39,962) and Depreciation (+€5,825)
- Tangible fixed assets -€5,825
down €5,825 (-49.3%), from €11,827 to €6,002
- Profit (loss) carried forward +€39,962
up €39,962 (+306,226%), from €13 to €39,976
- Other debts -€8,522
down €8,522 (-46.6%), from €18,288 to €9,766
- Tax, wage and social debts -€1,577
down €1,577 (-29.4%), from €5,365 to €3,788
- Gross operating margin +€17,327
up €17,327 (+43.6%), from €39,720 to €57,048
- Taxes +€1,058
up €1,058 (+10.5%), from €10,115 to €11,173
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 | €50,093 | €80,027 | +€29,934 | +59.8% |
| Fixed assets | 21/28 | €11,827 | €6,002 | -€5,825 | -49.3% |
| Tangible fixed assets | 22/27 | €11,827 | €6,002 | -€5,825 | -49.3% |
| Furniture and vehicles | 24 | €11,827 | €6,002 | -€5,825 | -49.3% |
| Current assets | 29/58 | €38,266 | €74,025 | +€35,759 | +93.4% |
| Cash at bank and in hand | 54/58 | €38,266 | €74,025 | +€35,759 | +93.4% |
| Total equity and liabilities | 10/49 | €50,093 | €80,027 | +€29,934 | +59.8% |
| Equity | 10/15 | €25,713 | €65,676 | +€39,962 | +155% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,700 | €23,700 | = | 0.0% |
| Distributable reserves | 133 | €23,700 | €23,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13 | €39,976 | +€39,962 | +306,226% |
| Amounts payable | 17/49 | €24,380 | €14,351 | -€10,028 | -41.1% |
| Amounts payable within one year | 42/48 | €24,380 | €14,351 | -€10,028 | -41.1% |
| Trade debts | 44 | €726 | €797 | +€71 | +9.8% |
| Suppliers | 440/4 | €726 | €797 | +€71 | +9.8% |
| Taxes, remuneration and social security | 45 | €5,365 | €3,788 | -€1,577 | -29.4% |
| Taxes | 450/3 | €5,365 | €3,788 | -€1,577 | -29.4% |
| Other amounts payable | 47/48 | €18,288 | €9,766 | -€8,522 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,825 | €5,825 | -€0 | 0.0% |
| Gross operating margin | 9900 | €39,720 | €57,048 | +€17,327 | +43.6% |
| Operating profit (loss) | 9901 | €33,895 | €51,222 | +€17,327 | +51.1% |
| Financial charges | 65/66B | €67 | €87 | +€20 | +30.1% |
| Recurring financial charges | 65 | €67 | €87 | +€20 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €33,828 | €51,135 | +€17,307 | +51.2% |
| Income taxes | 67/77 | €10,115 | €11,173 | +€1,058 | +10.5% |
| Profit (loss) for the period | 9904 | €23,713 | €39,962 | +€16,249 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,713 | €39,962 | +€16,249 | +68.5% |
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 24 October 2026 via checked.be.