PHILIPPE: 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.
PHILIPPE
Largest movements
- Cash +€131,657
up €131,657 (+203.2%), from €64,807 to €196,464
mainly Current investments (+€72,558) and Receivables within one year (+€43,203)
- Current investments -€72,558
down €72,558 (-32.4%), from €223,989 to €151,431
- Receivables within one year -€43,203
down €43,203 (-32.3%), from €133,799 to €90,597
of which Other amounts receivable: -€29,880
- Tangible fixed assets +€21,048
up €21,048 (+194.6%), from €10,818 to €31,865
- Debts after one year +€16,132
new in 2025: €16,132
- Trade debts +€10,513
up €10,513 (+725.7%), from €1,449 to €11,961
- Current portion of long-term debt +€7,105
new in 2025: €7,105
- Short-term financial debts -€7,000
no longer reported in 2025 (was €7,000)
- Other debts +€5,000
new in 2025: €5,000
- Gross operating margin +€22,785
up €22,785 (+93.2%), from €24,450 to €47,235
- Turnover +€22,081
up €22,081 (+11.4%), from €193,572 to €215,653
- Depreciation +€6,321
up €6,321 (+248.9%), from €2,539 to €8,860
- Purchases and services +€5,296
up €5,296 (+3.1%), from €169,122 to €174,418
- Financial charges -€4,624
no longer reported in 2025 (was €4,624)
of which Financial charges: -€4,624
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.
Cash bridge derived
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 | €435,906 | €471,571 | +€35,665 | +8.2% |
| Fixed assets | 21/28 | €10,843 | €31,890 | +€21,048 | +194.1% |
| Tangible fixed assets | 22/27 | €10,818 | €31,865 | +€21,048 | +194.6% |
| Furniture and vehicles | 24 | €10,818 | €31,865 | +€21,048 | +194.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €425,064 | €439,681 | +€14,617 | +3.4% |
| Stocks and contracts in progress | 3 | €1,349 | €1,189 | -€160 | -11.9% |
| Stocks | 30/36 | €1,349 | €1,189 | -€160 | -11.9% |
| Amounts receivable within one year | 40/41 | €133,799 | €90,597 | -€43,203 | -32.3% |
| Trade receivables | 40 | €92,915 | €79,593 | -€13,323 | -14.3% |
| Other amounts receivable | 41 | €40,884 | €11,004 | -€29,880 | -73.1% |
| Current investments | 50/53 | €223,989 | €151,431 | -€72,558 | -32.4% |
| Cash at bank and in hand | 54/58 | €64,807 | €196,464 | +€131,657 | +203.2% |
| Deferred charges and accrued income | 490/1 | €1,119 | - | -€1,119 | |
| Total equity and liabilities | 10/49 | €435,906 | €471,571 | +€35,665 | +8.2% |
| Equity | 10/15 | €425,894 | €427,783 | +€1,889 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €367,922 | €369,597 | +€1,675 | +0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,750 | €30,425 | +€3,675 | +13.7% |
| Distributable reserves | 133 | €339,312 | €337,312 | -€2,000 | -0.6% |
| Profit (loss) carried forward | 14 | €51,772 | €51,986 | +€214 | +0.4% |
| Provisions and deferred taxes | 16 | - | €1,225 | +€1,225 | |
| Deferred taxes | 168 | - | €1,225 | +€1,225 | |
| Amounts payable | 17/49 | €10,012 | €42,563 | +€32,551 | +325.1% |
| Amounts payable after more than one year | 17 | - | €16,132 | +€16,132 | |
| Financial debts | 170/4 | - | €16,132 | +€16,132 | |
| Amounts payable within one year | 42/48 | €10,012 | €26,431 | +€16,419 | +164.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,105 | +€7,105 | |
| Financial debts | 43 | €7,000 | - | -€7,000 | |
| Credit institutions | 430/8 | €7,000 | - | -€7,000 | |
| Trade debts | 44 | €1,449 | €11,961 | +€10,513 | +725.7% |
| Suppliers | 440/4 | €1,449 | €11,961 | +€10,513 | +725.7% |
| Taxes, remuneration and social security | 45 | €1,564 | €2,365 | +€801 | +51.2% |
| Taxes | 450/3 | €1,564 | €2,365 | +€801 | +51.2% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Turnover | 70 | €193,572 | €215,653 | +€22,081 | +11.4% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €169,122 | €174,418 | +€5,296 | +3.1% |
| Remuneration, social security and pensions | 62 | - | €247 | +€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,539 | €8,860 | +€6,321 | +248.9% |
| Other operating charges | 640/8 | €1,506 | €813 | -€693 | -46.0% |
| Gross operating margin | 9900 | €24,450 | €47,235 | +€22,785 | +93.2% |
| Operating profit (loss) | 9901 | €20,405 | €37,315 | +€16,911 | +82.9% |
| Financial income | 75/76B | €8,546 | €9,358 | +€812 | +9.5% |
| Recurring financial income | 75 | €6,399 | €9,358 | +€2,959 | +46.2% |
| Non-recurring financial income | 76B | €2,147 | - | -€2,147 | |
| Financial charges | 65/66B | €4,624 | - | -€4,624 | |
| Recurring financial charges | 65 | €4,624 | - | -€4,624 | |
| Non-recurring financial charges | 66B | €4,624 | - | -€4,624 | |
| Profit (loss) for the period before taxes | 9903 | €24,326 | €46,674 | +€22,347 | +91.9% |
| Transfer from deferred taxes | 780 | - | €275 | +€275 | |
| Transfer to deferred taxes | 680 | - | €1,500 | +€1,500 | |
| Income taxes | 67/77 | €6,929 | €9,560 | +€2,631 | +38.0% |
| Profit (loss) for the period | 9904 | €17,397 | €35,889 | +€18,492 | +106.3% |
| Transfer from tax-exempt reserves | 789 | - | €825 | +€825 | |
| Transfer to tax-exempt reserves | 689 | - | €4,500 | +€4,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,397 | €32,214 | +€14,817 | +85.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.