PHILOMEL: 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.
PHILOMEL
Largest movements
- Tangible fixed assets +€511,905
up €511,905 (+4148340.7%), from €12 to €511,918
of which Land and buildings: +€361,029
- Cash +€22,284
up €22,284 (+150.0%), from €14,852 to €37,136
mainly Debts after one year (+€460,273) and Net result for the year (+€90,864)
- Receivables within one year -€19,818
down €19,818 (-37.6%), from €52,752 to €32,934
of which Trade receivables: -€32,990
- Receivables after one year -€15,056
down €15,056 (-55.3%), from €27,235 to €12,178
- Debts after one year +€460,273
new in 2025: €460,273
- Reserves +€28,364
up €28,364 (+22.6%), from €125,652 to €154,016
- Tax, wage and social debts -€20,314
down €20,314 (-100.0%), from €20,314 to €0
- Other debts +€13,950
new in 2025: €13,950
- Current portion of long-term debt +€9,727
new in 2025: €9,727
- Gross operating margin +€39,037
up €39,037 (+33.8%), from €115,482 to €154,519
- Depreciation +€28,639
up €28,639 (+12102.3%), from €237 to €28,876
- Financial charges +€5,981
up €5,981 (+659.3%), from €907 to €6,888
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 | €152,439 | €653,094 | +€500,655 | +328.4% |
| Fixed assets | 21/28 | €57,600 | €569,506 | +€511,905 | +888.7% |
| Tangible fixed assets | 22/27 | €12 | €511,918 | +€511,905 | +4148340.7% |
| Land and buildings | 22 | - | €361,029 | +€361,029 | |
| Furniture and vehicles | 24 | €12 | €3,025 | +€3,013 | +24413.8% |
| Assets under construction and advance payments | 27 | - | €147,864 | +€147,864 | |
| Financial fixed assets | 28 | €57,588 | €57,588 | = | 0.0% |
| Current assets | 29/58 | €94,838 | €83,588 | -€11,250 | -11.9% |
| Amounts receivable after more than one year | 29 | €27,235 | €12,178 | -€15,056 | -55.3% |
| Other amounts receivable | 291 | €27,235 | €12,178 | -€15,056 | -55.3% |
| Amounts receivable within one year | 40/41 | €52,752 | €32,934 | -€19,818 | -37.6% |
| Trade receivables | 40 | €52,752 | €19,763 | -€32,990 | -62.5% |
| Other amounts receivable | 41 | €0 | €13,172 | +€13,172 | |
| Cash at bank and in hand | 54/58 | €14,852 | €37,136 | +€22,284 | +150.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,340 | +€1,340 | |
| Total equity and liabilities | 10/49 | €152,439 | €653,094 | +€500,655 | +328.4% |
| Equity | 10/15 | €128,652 | €157,016 | +€28,364 | +22.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €125,652 | €154,016 | +€28,364 | +22.6% |
| Distributable reserves | 133 | €125,652 | €154,016 | +€28,364 | +22.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,787 | €496,078 | +€472,291 | +1985.5% |
| Amounts payable after more than one year | 17 | - | €460,273 | +€460,273 | |
| Financial debts | 170/4 | - | €460,273 | +€460,273 | |
| Amounts payable within one year | 42/48 | €23,787 | €35,805 | +€12,018 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,727 | +€9,727 | |
| Financial debts | 43 | €2,034 | €10,231 | +€8,197 | +403.0% |
| Credit institutions | 430/8 | €2,034 | €10,231 | +€8,197 | +403.0% |
| Trade debts | 44 | €1,439 | €1,897 | +€458 | +31.8% |
| Suppliers | 440/4 | €1,439 | €1,897 | +€458 | +31.8% |
| Taxes, remuneration and social security | 45 | €20,314 | €0 | -€20,314 | -100.0% |
| Taxes | 450/3 | €20,314 | €0 | -€20,314 | -100.0% |
| Other amounts payable | 47/48 | - | €13,950 | +€13,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €28,876 | +€28,639 | +12102.3% |
| Other operating charges | 640/8 | €387 | €1,481 | +€1,093 | +282.3% |
| Non-recurring operating charges | 66A | - | €12 | +€12 | |
| Gross operating margin | 9900 | €115,482 | €154,519 | +€39,037 | +33.8% |
| Operating profit (loss) | 9901 | €114,858 | €124,150 | +€9,293 | +8.1% |
| Financial income | 75/76B | €165 | €429 | +€264 | +160.2% |
| Recurring financial income | 75 | €165 | €429 | +€264 | +160.2% |
| Financial charges | 65/66B | €907 | €6,888 | +€5,981 | +659.3% |
| Recurring financial charges | 65 | €907 | €6,888 | +€5,981 | +659.3% |
| Profit (loss) for the period before taxes | 9903 | €114,116 | €117,692 | +€3,576 | +3.1% |
| Income taxes | 67/77 | €25,402 | €26,828 | +€1,426 | +5.6% |
| Profit (loss) for the period | 9904 | €88,714 | €90,864 | +€2,150 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,714 | €90,864 | +€2,150 | +2.4% |
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 8 October 2026 via checked.be.