PHILIPPOT CHARLES: 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.
PHILIPPOT CHARLES
Largest movements
- Tangible fixed assets -€52,134
down €52,134 (-8.7%), from €597,061 to €544,927
- Cash -€9,618
down €9,618 (-5.8%), from €165,045 to €155,427
mainly Contributions, distributions and other (-€118,000) and Debts after one year (-€34,176)
- Profit (loss) carried forward -€63,491
down €63,491 (-32.2%), from €197,223 to €133,731
- Other debts +€46,439
up €46,439 (+55.3%), from €83,943 to €130,382
- Debts after one year -€34,176
down €34,176 (-9.2%), from €372,747 to €338,571
- Gross operating margin -€50,565
down €50,565 (-18.2%), from €277,297 to €226,732
- Taxes -€14,775
down €14,775 (-48.8%), from €30,283 to €15,508
- Staff costs +€12,666
up €12,666 (+16.4%), from €77,237 to €89,903
- Depreciation -€3,241
down €3,241 (-5.5%), from €59,123 to €55,883
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 | €771,976 | €713,802 | -€58,174 | -7.5% |
| Fixed assets | 21/28 | €600,355 | €547,398 | -€52,956 | -8.8% |
| Intangible fixed assets | 21 | €2,954 | €2,132 | -€822 | -27.8% |
| Tangible fixed assets | 22/27 | €597,061 | €544,927 | -€52,134 | -8.7% |
| Land and buildings | 22 | €449,095 | €429,210 | -€19,885 | -4.4% |
| Plant, machinery and equipment | 23 | €116,948 | €95,707 | -€21,241 | -18.2% |
| Furniture and vehicles | 24 | €31,018 | €20,010 | -€11,008 | -35.5% |
| Financial fixed assets | 28 | €339 | €339 | = | 0.0% |
| Current assets | 29/58 | €171,622 | €166,404 | -€5,218 | -3.0% |
| Amounts receivable within one year | 40/41 | €1,219 | €5,395 | +€4,176 | +343% |
| Trade receivables | 40 | €897 | €903 | +€6 | +0.7% |
| Other amounts receivable | 41 | €322 | €4,492 | +€4,170 | +1,297% |
| Cash at bank and in hand | 54/58 | €165,045 | €155,427 | -€9,618 | -5.8% |
| Deferred charges and accrued income | 490/1 | €5,359 | €5,582 | +€224 | +4.2% |
| Total equity and liabilities | 10/49 | €771,976 | €713,802 | -€58,174 | -7.5% |
| Equity | 10/15 | €217,683 | €154,191 | -€63,491 | -29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,223 | €133,731 | -€63,491 | -32.2% |
| Amounts payable | 17/49 | €554,294 | €559,611 | +€5,317 | +1.0% |
| Amounts payable after more than one year | 17 | €372,747 | €338,571 | -€34,176 | -9.2% |
| Financial debts | 170/4 | €372,747 | €338,571 | -€34,176 | -9.2% |
| Amounts payable within one year | 42/48 | €181,547 | €221,040 | +€39,493 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €41,402 | €34,176 | -€7,226 | -17.5% |
| Financial debts | 43 | - | €50 | +€50 | |
| Credit institutions | 430/8 | - | €50 | +€50 | |
| Trade debts | 44 | €32,888 | €35,746 | +€2,858 | +8.7% |
| Suppliers | 440/4 | €32,888 | €35,746 | +€2,858 | +8.7% |
| Taxes, remuneration and social security | 45 | €23,314 | €20,687 | -€2,628 | -11.3% |
| Taxes | 450/3 | €12,346 | €4,386 | -€7,959 | -64.5% |
| Remuneration and social security | 454/9 | €10,968 | €16,300 | +€5,332 | +48.6% |
| Other amounts payable | 47/48 | €83,943 | €130,382 | +€46,439 | +55.3% |
| Remuneration, social security and pensions | 62 | €77,237 | €89,903 | +€12,666 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,123 | €55,883 | -€3,241 | -5.5% |
| Other operating charges | 640/8 | €2,209 | €2,256 | +€47 | +2.1% |
| Gross operating margin | 9900 | €277,297 | €226,732 | -€50,565 | -18.2% |
| Operating profit (loss) | 9901 | €138,728 | €78,690 | -€60,037 | -43.3% |
| Financial income | 75/76B | €0 | €1 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +200% |
| Financial charges | 65/66B | €9,822 | €8,674 | -€1,147 | -11.7% |
| Recurring financial charges | 65 | €9,822 | €8,674 | -€1,147 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €128,906 | €70,017 | -€58,889 | -45.7% |
| Income taxes | 67/77 | €30,283 | €15,508 | -€14,775 | -48.8% |
| Profit (loss) for the period | 9904 | €98,623 | €54,509 | -€44,114 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,623 | €54,509 | -€44,114 | -44.7% |
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 27 October 2026 via checked.be.