PHILIPPART FLORENT: 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 FLORENT
Largest movements
- Intangible fixed assets -€15,987
no longer reported in 2025 (was €15,987)
- Cash +€11,502
up €11,502 (+21.1%), from €54,559 to €66,061
mainly Other debts (+€76,402) and Net result for the year (+€56,394)
- Receivables within one year -€10,582
down €10,582 (-17.2%), from €61,657 to €51,075
of which Other amounts receivable: -€9,160
- Tangible fixed assets +€10,341
up €10,341 (+82.8%), from €12,486 to €22,827
of which Furniture and vehicles: +€8,949
- Other debts +€76,402
new in 2025: €76,402
- Profit (loss) carried forward -€63,606
down €63,606 (-98.3%), from €64,689 to €1,083
- Current portion of long-term debt -€16,826
down €16,826 (-78.2%), from €21,506 to €4,680
- Tax, wage and social debts -€4,503
down €4,503 (-14.3%), from €31,408 to €26,905
of which Remuneration and social security: -€6,034
- Short-term financial debts +€3,846
new in 2025: €3,846
- Financial charges -€55,504
down €55,504 (-91.3%), from €60,793 to €5,289
- Gross operating margin +€19,541
up €19,541 (+10.3%), from €189,127 to €208,668
- Taxes +€14,766
up €14,766 (+2,272%), from €650 to €15,416
- Staff costs -€7,338
down €7,338 (-6.4%), from €115,160 to €107,821
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 | €149,080 | €144,371 | -€4,710 | -3.2% |
| Fixed assets | 21/28 | €28,573 | €22,927 | -€5,646 | -19.8% |
| Intangible fixed assets | 21 | €15,987 | - | -€15,987 | |
| Tangible fixed assets | 22/27 | €12,486 | €22,827 | +€10,341 | +82.8% |
| Plant, machinery and equipment | 23 | €2,764 | €4,156 | +€1,392 | +50.4% |
| Furniture and vehicles | 24 | €9,722 | €18,671 | +€8,949 | +92.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €120,507 | €121,444 | +€936 | +0.8% |
| Amounts receivable within one year | 40/41 | €61,657 | €51,075 | -€10,582 | -17.2% |
| Trade receivables | 40 | €52,496 | €51,075 | -€1,421 | -2.7% |
| Other amounts receivable | 41 | €9,160 | - | -€9,160 | |
| Cash at bank and in hand | 54/58 | €54,559 | €66,061 | +€11,502 | +21.1% |
| Deferred charges and accrued income | 490/1 | €4,292 | €4,307 | +€16 | +0.4% |
| Total equity and liabilities | 10/49 | €149,080 | €144,371 | -€4,710 | -3.2% |
| Equity | 10/15 | €70,889 | €7,283 | -€63,606 | -89.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,689 | €1,083 | -€63,606 | -98.3% |
| Amounts payable | 17/49 | €78,191 | €137,088 | +€58,896 | +75.3% |
| Amounts payable after more than one year | 17 | €7,359 | €4,216 | -€3,144 | -42.7% |
| Financial debts | 170/4 | €7,359 | €4,216 | -€3,144 | -42.7% |
| Amounts payable within one year | 42/48 | €70,824 | €132,520 | +€61,697 | +87.1% |
| Current portion of amounts payable after more than one year | 42 | €21,506 | €4,680 | -€16,826 | -78.2% |
| Financial debts | 43 | - | €3,846 | +€3,846 | |
| Credit institutions | 430/8 | - | €3,846 | +€3,846 | |
| Trade debts | 44 | €17,909 | €20,686 | +€2,778 | +15.5% |
| Suppliers | 440/4 | €17,909 | €20,686 | +€2,778 | +15.5% |
| Taxes, remuneration and social security | 45 | €31,408 | €26,905 | -€4,503 | -14.3% |
| Taxes | 450/3 | €13,868 | €15,399 | +€1,531 | +11.0% |
| Remuneration and social security | 454/9 | €17,541 | €11,506 | -€6,034 | -34.4% |
| Other amounts payable | 47/48 | - | €76,402 | +€76,402 | |
| Accrued charges and deferred income | 492/3 | €9 | €352 | +€343 | +3,999% |
| Remuneration, social security and pensions | 62 | €115,160 | €107,821 | -€7,338 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,355 | €22,853 | -€502 | -2.1% |
| Other operating charges | 640/8 | €1,506 | €982 | -€524 | -34.8% |
| Gross operating margin | 9900 | €189,127 | €208,668 | +€19,541 | +10.3% |
| Operating profit (loss) | 9901 | €49,106 | €77,011 | +€27,905 | +56.8% |
| Financial income | 75/76B | €6 | €87 | +€81 | +1,326% |
| Recurring financial income | 75 | €6 | €87 | +€81 | +1,326% |
| Financial charges | 65/66B | €60,793 | €5,289 | -€55,504 | -91.3% |
| Recurring financial charges | 65 | €60,793 | €5,289 | -€55,504 | -91.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,681 | €71,810 | +€83,491 | |
| Income taxes | 67/77 | €650 | €15,416 | +€14,766 | +2,272% |
| Profit (loss) for the period | 9904 | -€12,331 | €56,394 | +€68,725 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,331 | €56,394 | +€68,725 |
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 28 October 2026 via checked.be.