Philippe Loos: 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 Loos
Largest movements
- Receivables within one year +€140,880
up €140,880 (+91.3%), from €154,360 to €295,240
of which Trade receivables: +€142,175
- Current investments -€70,000
down €70,000 (-100%), from €70,000 to €0
- Cash +€3,965
up €3,965 (+93.7%), from €4,232 to €8,197
mainly Net result for the year (+€146,632) and Other debts (+€96,746)
- Other debts +€96,746
up €96,746 (+238%), from €40,666 to €137,413
- Reserves -€28,368
down €28,368 (-14.9%), from €190,825 to €162,457
- Tax, wage and social debts +€4,099
up €4,099 (+89.7%), from €4,569 to €8,668
of which Remuneration and social security: +€3,234
- Gross operating margin +€97,114
up €97,114 (+99.5%), from €97,562 to €194,676
- Taxes +€24,472
up €24,472 (+130%), from €18,809 to €43,281
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 | €236,783 | €310,429 | +€73,646 | +31.1% |
| Fixed assets | 21/28 | €7,221 | €5,045 | -€2,176 | -30.1% |
| Tangible fixed assets | 22/27 | €7,221 | €5,045 | -€2,176 | -30.1% |
| Furniture and vehicles | 24 | €7,221 | €5,045 | -€2,176 | -30.1% |
| Current assets | 29/58 | €229,562 | €305,385 | +€75,822 | +33.0% |
| Amounts receivable within one year | 40/41 | €154,360 | €295,240 | +€140,880 | +91.3% |
| Trade receivables | 40 | €153,065 | €295,240 | +€142,175 | +92.9% |
| Other amounts receivable | 41 | €1,295 | €0 | -€1,295 | -100% |
| Current investments | 50/53 | €70,000 | €0 | -€70,000 | -100% |
| Cash at bank and in hand | 54/58 | €4,232 | €8,197 | +€3,965 | +93.7% |
| Deferred charges and accrued income | 490/1 | €970 | €1,947 | +€978 | +101% |
| Total equity and liabilities | 10/49 | €236,783 | €310,429 | +€73,646 | +31.1% |
| Equity | 10/15 | €191,325 | €162,957 | -€28,368 | -14.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €190,825 | €162,457 | -€28,368 | -14.9% |
| Distributable reserves | 133 | €190,825 | €162,457 | -€28,368 | -14.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €45,458 | €147,472 | +€102,014 | +224% |
| Amounts payable within one year | 42/48 | €45,458 | €147,472 | +€102,014 | +224% |
| Trade debts | 44 | €223 | €1,392 | +€1,168 | +523% |
| Suppliers | 440/4 | €223 | €1,392 | +€1,168 | +523% |
| Taxes, remuneration and social security | 45 | €4,569 | €8,668 | +€4,099 | +89.7% |
| Taxes | 450/3 | €4,569 | €5,435 | +€866 | +19.0% |
| Remuneration and social security | 454/9 | - | €3,234 | +€3,234 | |
| Other amounts payable | 47/48 | €40,666 | €137,413 | +€96,746 | +238% |
| Non-recurring operating income | 76A | €3,713 | €0 | -€3,713 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,176 | €2,176 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,118 | €803 | -€316 | -28.2% |
| Gross operating margin | 9900 | €97,562 | €194,676 | +€97,114 | +99.5% |
| Operating profit (loss) | 9901 | €94,267 | €191,697 | +€97,430 | +103% |
| Financial income | 75/76B | €365 | €642 | +€277 | +75.7% |
| Recurring financial income | 75 | €365 | €642 | +€277 | +75.7% |
| Financial charges | 65/66B | €1,625 | €2,426 | +€801 | +49.3% |
| Recurring financial charges | 65 | €1,625 | €2,426 | +€801 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €93,007 | €189,913 | +€96,906 | +104% |
| Income taxes | 67/77 | €18,809 | €43,281 | +€24,472 | +130% |
| Profit (loss) for the period | 9904 | €74,198 | €146,632 | +€72,434 | +97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,198 | €146,632 | +€72,434 | +97.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.