PHILIPPE REMY: 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 REMY
Largest movements
- Tangible fixed assets -€1,788
no longer reported in 2025 (was €1,788)
- Cash +€762
up €762 (+1.5%), from €50,403 to €51,165
mainly Other debts (+€4,127) and Depreciation (+€1,788)
- Other debts +€4,127
up €4,127 (+29.1%), from €14,178 to €18,305
- Trade debts -€3,291
no longer reported in 2025 (was €3,291)
- Profit (loss) carried forward -€1,862
down €1,862 (-4.9%), from -€37,996 to -€39,858
- Financial charges -€7,435
down €7,435 (-99.0%), from €7,509 to €74
- Depreciation -€1,513
down €1,513 (-45.8%), from €3,301 to €1,788
- Gross operating margin -€906
no longer reported in 2025 (was €906)
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 | €52,191 | €51,165 | -€1,026 | -2.0% |
| Fixed assets | 21/28 | €1,788 | - | -€1,788 | |
| Tangible fixed assets | 22/27 | €1,788 | - | -€1,788 | |
| Furniture and vehicles | 24 | €1,788 | - | -€1,788 | |
| Current assets | 29/58 | €50,403 | €51,165 | +€762 | +1.5% |
| Cash at bank and in hand | 54/58 | €50,403 | €51,165 | +€762 | +1.5% |
| Total equity and liabilities | 10/49 | €52,191 | €51,165 | -€1,026 | -2.0% |
| Equity | 10/15 | -€15,278 | -€17,140 | -€1,862 | -12.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,818 | €1,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,996 | -€39,858 | -€1,862 | -4.9% |
| Amounts payable | 17/49 | €67,469 | €68,305 | +€836 | +1.2% |
| Amounts payable within one year | 42/48 | €67,469 | €68,305 | +€836 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €3,291 | - | -€3,291 | |
| Suppliers | 440/4 | €3,291 | - | -€3,291 | |
| Other amounts payable | 47/48 | €14,178 | €18,305 | +€4,127 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,301 | €1,788 | -€1,513 | -45.8% |
| Gross operating margin | 9900 | €906 | - | -€906 | |
| Operating profit (loss) | 9901 | -€2,395 | -€1,788 | +€607 | +25.3% |
| Financial charges | 65/66B | €7,509 | €74 | -€7,435 | -99.0% |
| Recurring financial charges | 65 | €7,509 | €74 | -€7,435 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,904 | -€1,862 | +€8,042 | +81.2% |
| Profit (loss) for the period | 9904 | -€9,904 | -€1,862 | +€8,042 | +81.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,904 | -€1,862 | +€8,042 | +81.2% |
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 28 October 2026 via checked.be.