PHILIPPOT: 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.
PHILIPPOT
Largest movements
- Tangible fixed assets -€10,311
down €10,311 (-6.0%), from €173,206 to €162,895
of which Land and buildings: -€6,781
- Cash +€6,142
up €6,142 (+9.1%), from €67,273 to €73,415
mainly Depreciation (+€10,311) and Net result for the year (+€9,288)
- Debts after one year -€10,055
down €10,055 (-8.5%), from €117,896 to €107,841
- Profit (loss) carried forward +€9,288
up €9,288 (+11.8%), from €78,822 to €88,110
- Gross operating margin -€11,981
down €11,981 (-17.5%), from €68,398 to €56,416
- Staff costs -€11,190
down €11,190 (-35.0%), from €31,942 to €20,751
- Taxes +€8,068
up €8,068 (+408.2%), from €1,976 to €10,044
- Other operating charges +€1,484
up €1,484 (+59.5%), from €2,494 to €3,977
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 | €254,201 | €252,168 | -€2,033 | -0.8% |
| Fixed assets | 21/28 | €173,400 | €163,089 | -€10,311 | -5.9% |
| Tangible fixed assets | 22/27 | €173,206 | €162,895 | -€10,311 | -6.0% |
| Land and buildings | 22 | €154,656 | €147,875 | -€6,781 | -4.4% |
| Plant, machinery and equipment | 23 | €14,383 | €12,703 | -€1,680 | -11.7% |
| Furniture and vehicles | 24 | €4,167 | €2,317 | -€1,849 | -44.4% |
| Financial fixed assets | 28 | €194 | €194 | = | 0.0% |
| Current assets | 29/58 | €80,801 | €89,079 | +€8,278 | +10.2% |
| Amounts receivable within one year | 40/41 | €12,814 | €14,988 | +€2,174 | +17.0% |
| Trade receivables | 40 | €10,543 | €14,988 | +€4,446 | +42.2% |
| Other amounts receivable | 41 | €2,271 | - | -€2,271 | |
| Cash at bank and in hand | 54/58 | €67,273 | €73,415 | +€6,142 | +9.1% |
| Deferred charges and accrued income | 490/1 | €715 | €676 | -€39 | -5.5% |
| Total equity and liabilities | 10/49 | €254,201 | €252,168 | -€2,033 | -0.8% |
| Equity | 10/15 | €86,882 | €96,170 | +€9,288 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,822 | €88,110 | +€9,288 | +11.8% |
| Amounts payable | 17/49 | €167,318 | €155,998 | -€11,320 | -6.8% |
| Amounts payable after more than one year | 17 | €117,896 | €107,841 | -€10,055 | -8.5% |
| Financial debts | 170/4 | €117,896 | €107,841 | -€10,055 | -8.5% |
| Amounts payable within one year | 42/48 | €49,423 | €48,157 | -€1,266 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €9,913 | €10,055 | +€142 | +1.4% |
| Financial debts | 43 | €20,006 | €19,971 | -€35 | -0.2% |
| Credit institutions | 430/8 | €20,006 | €19,971 | -€35 | -0.2% |
| Trade debts | 44 | €5,228 | €5,510 | +€282 | +5.4% |
| Suppliers | 440/4 | €5,228 | €5,510 | +€282 | +5.4% |
| Taxes, remuneration and social security | 45 | €14,276 | €12,622 | -€1,655 | -11.6% |
| Taxes | 450/3 | €10,428 | €10,508 | +€80 | +0.8% |
| Remuneration and social security | 454/9 | €3,848 | €2,114 | -€1,734 | -45.1% |
| Remuneration, social security and pensions | 62 | €31,942 | €20,751 | -€11,190 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,958 | €10,311 | +€352 | +3.5% |
| Other operating charges | 640/8 | €2,494 | €3,977 | +€1,484 | +59.5% |
| Gross operating margin | 9900 | €68,398 | €56,416 | -€11,981 | -17.5% |
| Operating profit (loss) | 9901 | €24,004 | €21,377 | -€2,627 | -10.9% |
| Financial charges | 65/66B | €2,056 | €2,045 | -€11 | -0.5% |
| Recurring financial charges | 65 | €2,056 | €2,045 | -€11 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €21,948 | €19,332 | -€2,616 | -11.9% |
| Income taxes | 67/77 | €1,976 | €10,044 | +€8,068 | +408.2% |
| Profit (loss) for the period | 9904 | €19,971 | €9,288 | -€10,683 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,971 | €9,288 | -€10,683 | -53.5% |
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 2 October 2026 via checked.be.