PHILOKALIA 2: 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.
PHILOKALIA 2
Largest movements
- Receivables within one year -€136,289
down €136,289 (-84.9%), from €160,484 to €24,195
of which Other amounts receivable: -€138,790
- Tangible fixed assets +€25,378
up €25,378 (+177%), from €14,376 to €39,754
of which Furniture and vehicles: +€26,007
- Cash +€18,892
up €18,892 (+42.7%), from €44,193 to €63,085
mainly Receivables within one year (+€136,289) and Trade debts (+€24,894)
- Intangible fixed assets -€11,432
down €11,432 (-25.2%), from €45,395 to €33,963
- Profit (loss) carried forward -€147,882
down €147,882, from €97,280 to -€50,602
- Trade debts +€24,894
up €24,894 (+56.5%), from €44,024 to €68,918
- Tax, wage and social debts +€11,395
up €11,395 (+28.5%), from €39,914 to €51,309
of which Taxes: +€11,010
- Other debts +€8,852
up €8,852 (+7.9%), from €112,447 to €121,299
- Staff costs +€97,864
up €97,864 (+64.9%), from €150,715 to €248,579
- Gross operating margin +€72,979
up €72,979 (+34.2%), from €213,130 to €286,109
- Other operating charges +€15,299
up €15,299 (+901%), from €1,698 to €16,997
- Taxes -€4,682
down €4,682 (-45.2%), from €10,351 to €5,669
- Depreciation +€3,988
up €3,988 (+27.8%), from €14,355 to €18,343
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 | €297,665 | €194,924 | -€102,741 | -34.5% |
| Fixed assets | 21/28 | €60,830 | €74,776 | +€13,946 | +22.9% |
| Intangible fixed assets | 21 | €45,395 | €33,963 | -€11,432 | -25.2% |
| Tangible fixed assets | 22/27 | €14,376 | €39,754 | +€25,378 | +177% |
| Plant, machinery and equipment | 23 | €3,887 | €3,258 | -€629 | -16.2% |
| Furniture and vehicles | 24 | €10,489 | €36,496 | +€26,007 | +248% |
| Financial fixed assets | 28 | €1,059 | €1,059 | = | 0.0% |
| Current assets | 29/58 | €236,835 | €120,148 | -€116,687 | -49.3% |
| Stocks and contracts in progress | 3 | €32,158 | €32,868 | +€710 | +2.2% |
| Stocks | 30/36 | €32,158 | €32,868 | +€710 | +2.2% |
| Amounts receivable within one year | 40/41 | €160,484 | €24,195 | -€136,289 | -84.9% |
| Trade receivables | 40 | - | €2,501 | +€2,501 | |
| Other amounts receivable | 41 | €160,484 | €21,694 | -€138,790 | -86.5% |
| Cash at bank and in hand | 54/58 | €44,193 | €63,085 | +€18,892 | +42.7% |
| Total equity and liabilities | 10/49 | €297,665 | €194,924 | -€102,741 | -34.5% |
| Equity | 10/15 | €101,280 | -€46,602 | -€147,882 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,280 | -€50,602 | -€147,882 | |
| Amounts payable | 17/49 | €196,385 | €241,526 | +€45,141 | +23.0% |
| Amounts payable within one year | 42/48 | €196,385 | €241,526 | +€45,141 | +23.0% |
| Trade debts | 44 | €44,024 | €68,918 | +€24,894 | +56.5% |
| Suppliers | 440/4 | €44,024 | €68,918 | +€24,894 | +56.5% |
| Taxes, remuneration and social security | 45 | €39,914 | €51,309 | +€11,395 | +28.5% |
| Taxes | 450/3 | €27,231 | €38,241 | +€11,010 | +40.4% |
| Remuneration and social security | 454/9 | €12,683 | €13,068 | +€385 | +3.0% |
| Other amounts payable | 47/48 | €112,447 | €121,299 | +€8,852 | +7.9% |
| Remuneration, social security and pensions | 62 | €150,715 | €248,579 | +€97,864 | +64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,355 | €18,343 | +€3,988 | +27.8% |
| Other operating charges | 640/8 | €1,698 | €16,997 | +€15,299 | +901% |
| Non-recurring operating charges | 66A | - | €132,740 | +€132,740 | |
| Gross operating margin | 9900 | €213,130 | €286,109 | +€72,979 | +34.2% |
| Operating profit (loss) | 9901 | €46,362 | -€130,550 | -€176,912 | |
| Financial charges | 65/66B | €8,546 | €11,663 | +€3,117 | +36.5% |
| Recurring financial charges | 65 | €8,546 | €11,663 | +€3,117 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €37,816 | -€142,213 | -€180,029 | |
| Income taxes | 67/77 | €10,351 | €5,669 | -€4,682 | -45.2% |
| Profit (loss) for the period | 9904 | €27,465 | -€147,882 | -€175,347 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,465 | -€147,882 | -€175,347 |
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 24 October 2026 via checked.be.