PHILIPPE DEOME: 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 DEOME
Largest movements
- Cash +€119,526
up €119,526 (+80.4%), from €148,677 to €268,203
mainly Current investments (+€110,000) and Net result for the year (+€75,118)
- Current investments -€110,000
down €110,000 (-68.8%), from €159,950 to €49,950
- Receivables within one year +€47,022
up €47,022 (+46.1%), from €102,078 to €149,100
of which Other amounts receivable: +€30,723
- Tangible fixed assets -€7,308
down €7,308 (-25.6%), from €28,534 to €21,227
of which Furniture and vehicles: -€7,308
- Reserves +€46,128
up €46,128 (+12.4%), from €370,542 to €416,671
of which Distributable reserves: +€46,128
- Provisions -€47,950
down €47,950 (-96.0%), from €49,950 to €2,000
- Taxes +€6,753
up €6,753 (+24.5%), from €27,571 to €34,324
- Financial income +€2,195
up €2,195 (+3526.1%), from €62 to €2,257
- Gross operating margin -€1,386
down €1,386 (-1.2%), from €119,310 to €117,924
- Financial charges -€1,215
down €1,215 (-83.0%), from €1,464 to €250
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 | €441,169 | €490,309 | +€49,140 | +11.1% |
| Fixed assets | 21/28 | €28,534 | €21,227 | -€7,308 | -25.6% |
| Tangible fixed assets | 22/27 | €28,534 | €21,227 | -€7,308 | -25.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €28,534 | €21,227 | -€7,308 | -25.6% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €412,635 | €469,083 | +€56,447 | +13.7% |
| Amounts receivable within one year | 40/41 | €102,078 | €149,100 | +€47,022 | +46.1% |
| Trade receivables | 40 | €94,631 | €110,929 | +€16,298 | +17.2% |
| Other amounts receivable | 41 | €7,448 | €38,171 | +€30,723 | +412.5% |
| Current investments | 50/53 | €159,950 | €49,950 | -€110,000 | -68.8% |
| Cash at bank and in hand | 54/58 | €148,677 | €268,203 | +€119,526 | +80.4% |
| Deferred charges and accrued income | 490/1 | €1,930 | €1,830 | -€100 | -5.2% |
| Total equity and liabilities | 10/49 | €441,169 | €490,309 | +€49,140 | +11.1% |
| Equity | 10/15 | €384,004 | €430,132 | +€46,128 | +12.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €370,542 | €416,671 | +€46,128 | +12.4% |
| Tax-exempt reserves | 132 | €3,152 | €3,152 | = | 0.0% |
| Distributable reserves | 133 | €367,391 | €413,519 | +€46,128 | +12.6% |
| Profit (loss) carried forward | 14 | €1,062 | €1,062 | = | 0.0% |
| Provisions and deferred taxes | 16 | €49,950 | €51,950 | +€2,000 | +4.0% |
| Provisions for liabilities and charges | 160/5 | €49,950 | €51,950 | +€2,000 | +4.0% |
| Environmental obligations | 163 | €49,950 | €51,950 | +€2,000 | +4.0% |
| Amounts payable | 17/49 | €7,215 | €8,227 | +€1,012 | +14.0% |
| Amounts payable within one year | 42/48 | €7,129 | €8,154 | +€1,025 | +14.4% |
| Financial debts | 43 | €413 | €20 | -€393 | -95.2% |
| Credit institutions | 430/8 | €413 | €20 | -€393 | -95.2% |
| Trade debts | 44 | €1,316 | €3,834 | +€2,518 | +191.4% |
| Suppliers | 440/4 | €1,316 | €3,834 | +€2,518 | +191.4% |
| Taxes, remuneration and social security | 45 | €4,300 | €4,300 | = | 0.0% |
| Taxes | 450/3 | €4,300 | €4,300 | = | 0.0% |
| Other amounts payable | 47/48 | €1,101 | €0 | -€1,101 | -100.0% |
| Accrued charges and deferred income | 492/3 | €86 | €73 | -€13 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,313 | €7,308 | +€995 | +15.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €49,950 | €2,000 | -€47,950 | -96.0% |
| Other operating charges | 640/8 | €2,074 | €1,027 | -€1,046 | -50.5% |
| Non-recurring operating charges | 66A | €709 | €156 | -€553 | -78.1% |
| Gross operating margin | 9900 | €119,310 | €117,924 | -€1,386 | -1.2% |
| Operating profit (loss) | 9901 | €60,265 | €107,434 | +€47,169 | +78.3% |
| Financial income | 75/76B | €62 | €2,257 | +€2,195 | +3526.1% |
| Recurring financial income | 75 | €62 | €2,257 | +€2,195 | +3526.1% |
| Financial charges | 65/66B | €1,464 | €250 | -€1,215 | -83.0% |
| Recurring financial charges | 65 | €1,464 | €250 | -€1,215 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | €58,863 | €109,442 | +€50,579 | +85.9% |
| Income taxes | 67/77 | €27,571 | €34,324 | +€6,753 | +24.5% |
| Profit (loss) for the period | 9904 | €31,292 | €75,118 | +€43,826 | +140.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,292 | €75,118 | +€43,826 | +140.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.