PHILIPPE CELIS BUSINESS DEVELOPMENT: 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 CELIS BUSINESS DEVELOPMENT
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€165,248
down €165,248 (-62.1%), from €266,038 to €100,791
mainly Current investments (-€200,000) and Contributions, distributions and other (-€71,429)
- Tangible fixed assets -€10,892
down €10,892 (-26.3%), from €41,367 to €30,475
of which Furniture and vehicles: -€10,539
- Receivables within one year +€7,091
up €7,091 (+36.3%), from €19,512 to €26,603
of which Other amounts receivable: +€3,700
- Reserves +€95,000
up €95,000 (+98.1%), from €96,860 to €191,860
of which Distributable reserves: +€95,000
- Profit (loss) carried forward -€58,954
down €58,954 (-35.8%), from €164,516 to €105,562
- Tax, wage and social debts -€4,739
down €4,739 (-13.4%), from €35,412 to €30,673
- Taxes +€5,068
up €5,068 (+12.3%), from €41,265 to €46,334
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 | €328,010 | €359,902 | +€31,892 | +9.7% |
| Fixed assets | 21/28 | €41,367 | €30,475 | -€10,892 | -26.3% |
| Tangible fixed assets | 22/27 | €41,367 | €30,475 | -€10,892 | -26.3% |
| Plant, machinery and equipment | 23 | €921 | €568 | -€353 | -38.3% |
| Furniture and vehicles | 24 | €40,446 | €29,907 | -€10,539 | -26.1% |
| Current assets | 29/58 | €286,644 | €329,427 | +€42,783 | +14.9% |
| Amounts receivable within one year | 40/41 | €19,512 | €26,603 | +€7,091 | +36.3% |
| Trade receivables | 40 | €19,512 | €22,903 | +€3,391 | +17.4% |
| Other amounts receivable | 41 | - | €3,700 | +€3,700 | |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €266,038 | €100,791 | -€165,248 | -62.1% |
| Deferred charges and accrued income | 490/1 | €1,093 | €2,033 | +€940 | +86.0% |
| Total equity and liabilities | 10/49 | €328,010 | €359,902 | +€31,892 | +9.7% |
| Equity | 10/15 | €261,376 | €297,422 | +€36,046 | +13.8% |
| Reserves | 13 | €96,860 | €191,860 | +€95,000 | +98.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €190,000 | +€95,000 | +100% |
| Profit (loss) carried forward | 14 | €164,516 | €105,562 | -€58,954 | -35.8% |
| Amounts payable | 17/49 | €66,634 | €62,480 | -€4,154 | -6.2% |
| Amounts payable within one year | 42/48 | €66,634 | €62,480 | -€4,154 | -6.2% |
| Trade debts | 44 | €122 | €152 | +€30 | +24.7% |
| Suppliers | 440/4 | €122 | €152 | +€30 | +24.7% |
| Taxes, remuneration and social security | 45 | €35,412 | €30,673 | -€4,739 | -13.4% |
| Taxes | 450/3 | €35,412 | €30,673 | -€4,739 | -13.4% |
| Other amounts payable | 47/48 | €31,100 | €31,654 | +€554 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,223 | €12,544 | -€679 | -5.1% |
| Other operating charges | 640/8 | €679 | €538 | -€142 | -20.9% |
| Gross operating margin | 9900 | €165,494 | €166,907 | +€1,412 | +0.9% |
| Operating profit (loss) | 9901 | €151,592 | €153,825 | +€2,233 | +1.5% |
| Financial income | 75/76B | €2 | €246 | +€245 | +12,941% |
| Recurring financial income | 75 | €2 | €246 | +€245 | +12,941% |
| Financial charges | 65/66B | €239 | €264 | +€25 | +10.5% |
| Recurring financial charges | 65 | €238 | €264 | +€25 | +10.6% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €151,355 | €153,808 | +€2,453 | +1.6% |
| Income taxes | 67/77 | €41,265 | €46,334 | +€5,068 | +12.3% |
| Profit (loss) for the period | 9904 | €110,090 | €107,475 | -€2,615 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €110,090 | €107,475 | -€2,615 | -2.4% |
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 14 October 2026 via checked.be.