Philippe DAIX: 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.
What changed
Philippe DAIX
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€64,559
2024 · €39,519+€25,040
Equity
€452,436
2024 · €387,877+€64,559
Cash
€150
2024 · €401-€251
Balance sheet total
€539,599
2024 · €503,479+€36,120
Largest movements
Assets
- Receivables within one year +€46,848
up €46,848 (+10.1%), from €463,712 to €510,560
of which Other amounts receivable: +€34,773
- Tangible fixed assets -€9,250
down €9,250 (-32.8%), from €28,225 to €18,974
of which Furniture and vehicles: -€7,215
Equity and liabilities
- Profit (loss) carried forward +€64,559
up €64,559 (+21.3%), from €303,617 to €368,176
- Trade debts -€20,900
down €20,900 (-29.8%), from €70,082 to €49,182
of which Suppliers: -€20,900
Income statement
- Staff costs -€18,673
down €18,673 (-42.0%), from €44,415 to €25,742
- Gross operating margin +€8,430
up €8,430 (+9.4%), from €89,570 to €98,001
- Taxes +€8,402
up €8,402 (+69.5%), from €12,096 to €20,497
- Financial income +€5,289
up €5,289 (+23.5%), from €22,483 to €27,772
of which Financial income: +€5,289
- Other operating charges -€1,683
down €1,683 (-39.7%), from €4,242 to €2,560
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.
Result 2024
€39,519
Gross operating margin
+€8,430
Staff costs
+€18,673
Depreciation
-€570
Other operating charges
+€1,683
Financial income
+€5,289
Financial charges
-€64
Taxes
-€8,402
Result 2025
€64,559
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.
From operations
+€4,811
Investment
-€401
Financing
-€4,660
Cash 2024
€401
From operations (derived)
+€4,811
Net result for the year
+€64,559
Depreciation
+€9,652
Stocks and contracts
+€1,529
Receivables within one year
-€46,848
Deferred charges and accrued income
-€302
Trade debts
-€20,900
Tax, wage and social debts
-€2,428
Accrued charges and deferred income
-€451
Investment (derived)
-€401
Investment in fixed assets (net)
-€401
Financing
-€4,660
Current portion of long-term debt
-€733
Short-term financial debts
-€3,927
Cash 2025
€150
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €503,479 | €539,599 | +€36,120 | +7.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €28,225 | €18,974 | -€9,250 | -32.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €28,225 | €18,974 | -€9,250 | -32.8% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €16,295 | €14,752 | -€1,543 | -9.5% |
| Furniture and vehicles | 24 | €9,962 | €2,746 | -€7,215 | -72.4% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €1,968 | €1,476 | -€492 | -25.0% |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €475,254 | €520,625 | +€45,370 | +9.5% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €10,525 | €8,996 | -€1,529 | -14.5% |
| Stocks | 30/36 | €10,525 | €8,996 | -€1,529 | -14.5% |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €463,712 | €510,560 | +€46,848 | +10.1% |
| Trade receivables | 40 | €34,776 | €46,851 | +€12,075 | +34.7% |
| Other amounts receivable | 41 | €428,936 | €463,709 | +€34,773 | +8.1% |
| Cash at bank and in hand | 54/58 | €401 | €150 | -€251 | -62.6% |
| Deferred charges and accrued income | 490/1 | €616 | €918 | +€302 | +49.1% |
| Total equity and liabilities | 10/49 | €503,479 | €539,599 | +€36,120 | +7.2% |
| Equity | 10/15 | €387,877 | €452,436 | +€64,559 | +16.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Uncalled capital | 101 | €0 | €0 | = | |
| Contributions outside capital | 11 | €0 | €0 | = | |
| Share premium | 1100/10 | €0 | €0 | = | |
| Other | 1109/19 | €0 | €0 | = | |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €22,260 | €22,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €11,060 | €11,060 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,617 | €368,176 | +€64,559 | +21.3% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €115,602 | €87,163 | -€28,439 | -24.6% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €114,852 | €86,864 | -€27,988 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €733 | - | -€733 | |
| Financial debts | 43 | €3,927 | €0 | -€3,927 | -100.0% |
| Credit institutions | 430/8 | €3,927 | - | -€3,927 | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €70,082 | €49,182 | -€20,900 | -29.8% |
| Suppliers | 440/4 | €70,082 | €49,182 | -€20,900 | -29.8% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €40,110 | €37,683 | -€2,428 | -6.1% |
| Taxes | 450/3 | €37,185 | €37,683 | +€497 | +1.3% |
| Remuneration and social security | 454/9 | €2,925 | - | -€2,925 | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €750 | €299 | -€451 | -60.1% |
| Non-recurring operating income | 76A | €14,617 | €1,406 | -€13,211 | -90.4% |
| Remuneration, social security and pensions | 62 | €44,415 | €25,742 | -€18,673 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,082 | €9,652 | +€570 | +6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €4,242 | €2,560 | -€1,683 | -39.7% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €89,570 | €98,001 | +€8,430 | +9.4% |
| Operating profit (loss) | 9901 | €31,831 | €60,047 | +€28,216 | +88.6% |
| Financial income | 75/76B | €22,483 | €27,772 | +€5,289 | +23.5% |
| Recurring financial income | 75 | €22,483 | €27,772 | +€5,289 | +23.5% |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €2,700 | €2,763 | +€64 | +2.4% |
| Recurring financial charges | 65 | €2,700 | €2,763 | +€64 | +2.4% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €51,615 | €85,056 | +€33,441 | +64.8% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Transfer to deferred taxes | 680 | €0 | €0 | = | |
| Income taxes | 67/77 | €12,096 | €20,497 | +€8,402 | +69.5% |
| Profit (loss) for the period | 9904 | €39,519 | €64,559 | +€25,040 | +63.4% |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | = | |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €39,519 | €64,559 | +€25,040 | +63.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.