Philo & Management: 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.
Philo & Management
Largest movements
- Tangible fixed assets -€55,450
down €55,450 (-4.9%), from €1.1m to €1.1m
- Cash +€32,110
up €32,110 (+15.0%), from €213,445 to €245,555
mainly Depreciation (+€55,450)
- Profit (loss) carried forward -€22,574
down €22,574 (-6.3%), from -€359,331 to -€381,906
- Gross operating margin +€993
up €993 (+2.8%), from €35,214 to €36,207
- Other operating charges -€853
down €853 (-18.5%), from €4,609 to €3,756
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 | €1,419,850 | €1,397,073 | -€22,777 | -1.6% |
| Fixed assets | 21/28 | €1,139,473 | €1,084,022 | -€55,450 | -4.9% |
| Tangible fixed assets | 22/27 | €1,139,473 | €1,084,022 | -€55,450 | -4.9% |
| Land and buildings | 22 | €1,139,473 | €1,084,022 | -€55,450 | -4.9% |
| Current assets | 29/58 | €280,378 | €313,051 | +€32,673 | +11.7% |
| Amounts receivable within one year | 40/41 | €231 | €408 | +€177 | +76.7% |
| Other amounts receivable | 41 | €231 | €408 | +€177 | +76.7% |
| Current investments | 50/53 | €66,702 | €67,088 | +€386 | +0.6% |
| Cash at bank and in hand | 54/58 | €213,445 | €245,555 | +€32,110 | +15.0% |
| Total equity and liabilities | 10/49 | €1,419,850 | €1,397,073 | -€22,777 | -1.6% |
| Equity | 10/15 | -€314,331 | -€336,906 | -€22,574 | -7.2% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Capital | 10 | €45,000 | €45,000 | = | 0.0% |
| Issued capital | 100 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€359,331 | -€381,906 | -€22,574 | -6.3% |
| Amounts payable | 17/49 | €1,734,182 | €1,733,979 | -€203 | 0.0% |
| Amounts payable within one year | 42/48 | €1,734,182 | €1,733,979 | -€203 | 0.0% |
| Trade debts | 44 | €426 | €223 | -€203 | -47.6% |
| Suppliers | 440/4 | €426 | €223 | -€203 | -47.6% |
| Other amounts payable | 47/48 | €1,733,756 | €1,733,756 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,450 | €55,450 | = | 0.0% |
| Other operating charges | 640/8 | €4,609 | €3,756 | -€853 | -18.5% |
| Gross operating margin | 9900 | €35,214 | €36,207 | +€993 | +2.8% |
| Operating profit (loss) | 9901 | -€24,846 | -€23,000 | +€1,846 | +7.4% |
| Financial income | 75/76B | €709 | €590 | -€119 | -16.8% |
| Recurring financial income | 75 | €709 | €590 | -€119 | -16.8% |
| Financial charges | 65/66B | €168 | €164 | -€3 | -2.0% |
| Recurring financial charges | 65 | €168 | €164 | -€3 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,305 | -€22,574 | +€1,730 | +7.1% |
| Profit (loss) for the period | 9904 | -€24,305 | -€22,574 | +€1,730 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,305 | -€22,574 | +€1,730 | +7.1% |
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 10 October 2026 via checked.be.