PHILIPPE CLAES: what changed
Two fiscal 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 CLAES
Largest movements
- Cash +€52,562
up €52,562 (+505.9%), from €10,391 to €62,953
mainly Net result for the year (+€72,297) and Other debts (+€64,820)
- Receivables within one year +€9,123
up €9,123 (+811.0%), from €1,125 to €10,247
of which Trade receivables: +€6,875
- Tangible fixed assets -€5,486
down €5,486 (-2.3%), from €241,890 to €236,403
of which Land and buildings: -€5,486
- Other debts +€64,820
up €64,820 (+842.1%), from €7,697 to €72,517
- Debts after one year -€7,460
down €7,460 (-5.4%), from €137,708 to €130,248
- Gross operating margin +€47,609
up €47,609 (+82.3%), from €57,830 to €105,439
- Taxes +€8,221
up €8,221 (+49.6%), from €16,588 to €24,808
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 | €253,405 | €309,604 | +€56,199 | +22.2% |
| Fixed assets | 21/28 | €241,890 | €236,403 | -€5,486 | -2.3% |
| Tangible fixed assets | 22/27 | €241,890 | €236,403 | -€5,486 | -2.3% |
| Land and buildings | 22 | €241,890 | €236,403 | -€5,486 | -2.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €11,515 | €73,200 | +€61,685 | +535.7% |
| Amounts receivable within one year | 40/41 | €1,125 | €10,247 | +€9,123 | +811.0% |
| Trade receivables | 40 | €1,125 | €8,000 | +€6,875 | +611.2% |
| Other amounts receivable | 41 | €0 | €2,247 | +€2,247 | |
| Cash at bank and in hand | 54/58 | €10,391 | €62,953 | +€52,562 | +505.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €253,405 | €309,604 | +€56,199 | +22.2% |
| Equity | 10/15 | €88,870 | €88,870 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €88,770 | €88,770 | = | 0.0% |
| Distributable reserves | 133 | €88,770 | €88,770 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €164,535 | €220,734 | +€56,199 | +34.2% |
| Amounts payable after more than one year | 17 | €137,708 | €130,248 | -€7,460 | -5.4% |
| Financial debts | 170/4 | €137,708 | €130,248 | -€7,460 | -5.4% |
| Amounts payable within one year | 42/48 | €25,527 | €88,586 | +€63,059 | +247.0% |
| Current portion of amounts payable after more than one year | 42 | €7,355 | €7,460 | +€105 | +1.4% |
| Trade debts | 44 | €2,457 | €459 | -€1,998 | -81.3% |
| Suppliers | 440/4 | €2,457 | €459 | -€1,998 | -81.3% |
| Taxes, remuneration and social security | 45 | €8,018 | €8,150 | +€131 | +1.6% |
| Taxes | 450/3 | €8,018 | €8,150 | +€131 | +1.6% |
| Other amounts payable | 47/48 | €7,697 | €72,517 | +€64,820 | +842.1% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,900 | +€600 | +46.2% |
| Non-recurring operating income | 76A | - | €7,240 | +€7,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,810 | €5,486 | -€323 | -5.6% |
| Other operating charges | 640/8 | €663 | €597 | -€66 | -10.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €57,830 | €105,439 | +€47,609 | +82.3% |
| Operating profit (loss) | 9901 | €51,358 | €99,356 | +€47,998 | +93.5% |
| Financial charges | 65/66B | €2,309 | €2,250 | -€59 | -2.5% |
| Recurring financial charges | 65 | €2,309 | €2,250 | -€59 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €49,048 | €97,105 | +€48,057 | +98.0% |
| Income taxes | 67/77 | €16,588 | €24,808 | +€8,221 | +49.6% |
| Profit (loss) for the period | 9904 | €32,461 | €72,297 | +€39,836 | +122.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,461 | €72,297 | +€39,836 | +122.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.