PHILIPPE VANCLOOSTER: 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 VANCLOOSTER
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€65,107
2024 · -€156,895+€91,788
Equity
€2.2m
2024 · €2.2m-€65,107
Cash
€93,507
2024 · €29,804+€63,702
Balance sheet total
€3.3m
2024 · €3.4m-€122,189
Largest movements
Assets
- Tangible fixed assets -€203,565
down €203,565 (-6.0%), from €3.4m to €3.2m
of which Plant, machinery and equipment: -€129,369
- Cash +€63,702
up €63,702 (+214%), from €29,804 to €93,507
mainly Depreciation (+€247,565) and Current portion of long-term debt (+€633)
Equity and liabilities
- Profit (loss) carried forward -€65,107
down €65,107 (-15.2%), from €427,108 to €362,001
Income statement
- Gross operating margin +€113,441
up €113,441 (+87.1%), from €130,217 to €243,658
- Depreciation +€22,570
up €22,570 (+10.0%), from €224,995 to €247,565
- Taxes -€3,939
down €3,939 (-83.5%), from €4,717 to €779
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
-€156,895
Gross operating margin
+€113,441
Depreciation
-€22,570
Other operating charges
-€904
Financial income
-€223
Financial charges
-€1,895
Taxes
+€3,939
Result 2025
-€65,107
raises the resultlowers the result
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.
From operations
+€127,512
Investment
-€43,999
Financing
-€19,810
Cash 2024
€29,804
From operations (derived)
+€127,512
Net result for the year
-€65,107
Depreciation
+€247,565
Receivables within one year
-€17,674
Trade debts
-€4,434
Smaller working-capital items
-€331
Other debts
-€32,508
Investment (derived)
-€43,999
Investment in fixed assets (net)
-€43,999
Financing
-€19,810
Debts after one year
-€20,583
Current portion of long-term debt
+€633
Short-term financial debts
+€141
Cash 2025
€93,507
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,429,582 | €3,307,393 | -€122,189 | -3.6% |
| Fixed assets | 21/28 | €3,388,506 | €3,184,941 | -€203,565 | -6.0% |
| Tangible fixed assets | 22/27 | €3,388,506 | €3,184,941 | -€203,565 | -6.0% |
| Land and buildings | 22 | €2,133,998 | €2,060,531 | -€73,467 | -3.4% |
| Plant, machinery and equipment | 23 | €1,252,627 | €1,123,258 | -€129,369 | -10.3% |
| Furniture and vehicles | 24 | €1,881 | €1,152 | -€729 | -38.7% |
| Current assets | 29/58 | €41,076 | €122,452 | +€81,376 | +198% |
| Amounts receivable within one year | 40/41 | €11,272 | €28,946 | +€17,674 | +157% |
| Trade receivables | 40 | €11,272 | €28,612 | +€17,340 | +154% |
| Other amounts receivable | 41 | €0 | €334 | +€334 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,804 | €93,507 | +€63,702 | +214% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,429,582 | €3,307,393 | -€122,189 | -3.6% |
| Equity | 10/15 | €2,233,548 | €2,168,441 | -€65,107 | -2.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,766,440 | €1,766,440 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €1,762,440 | €1,762,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | €427,108 | €362,001 | -€65,107 | -15.2% |
| Amounts payable | 17/49 | €1,196,034 | €1,138,952 | -€57,082 | -4.8% |
| Amounts payable after more than one year | 17 | €262,830 | €242,246 | -€20,583 | -7.8% |
| Financial debts | 170/4 | €255,720 | €238,906 | -€16,813 | -6.6% |
| Other amounts payable | 178/9 | €7,110 | €3,340 | -€3,770 | -53.0% |
| Amounts payable within one year | 42/48 | €912,053 | €875,624 | -€36,429 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €16,181 | €16,813 | +€633 | +3.9% |
| Financial debts | 43 | €562,052 | €562,193 | +€141 | 0.0% |
| Credit institutions | 430/8 | €562,052 | €562,193 | +€141 | 0.0% |
| Trade debts | 44 | €4,740 | €306 | -€4,434 | -93.5% |
| Suppliers | 440/4 | €4,740 | €306 | -€4,434 | -93.5% |
| Taxes, remuneration and social security | 45 | €8,715 | €8,454 | -€261 | -3.0% |
| Taxes | 450/3 | €8,715 | €8,454 | -€261 | -3.0% |
| Other amounts payable | 47/48 | €320,366 | €287,858 | -€32,508 | -10.1% |
| Accrued charges and deferred income | 492/3 | €21,151 | €21,081 | -€70 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,995 | €247,565 | +€22,570 | +10.0% |
| Other operating charges | 640/8 | €23,390 | €24,293 | +€904 | +3.9% |
| Gross operating margin | 9900 | €130,217 | €243,658 | +€113,441 | +87.1% |
| Operating profit (loss) | 9901 | -€118,168 | -€28,201 | +€89,967 | +76.1% |
| Financial income | 75/76B | €263 | €40 | -€223 | -84.7% |
| Recurring financial income | 75 | €263 | €40 | -€223 | -84.7% |
| Financial charges | 65/66B | €34,273 | €36,168 | +€1,895 | +5.5% |
| Recurring financial charges | 65 | €34,273 | €36,168 | +€1,895 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€152,178 | -€64,328 | +€87,850 | +57.7% |
| Income taxes | 67/77 | €4,717 | €779 | -€3,939 | -83.5% |
| Profit (loss) for the period | 9904 | -€156,895 | -€65,107 | +€91,788 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€156,895 | -€65,107 | +€91,788 | +58.5% |
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 14 October 2026 via checked.be.