PHILON: 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.
PHILON
Largest movements
- Cash -€6,593
down €6,593 (-8.5%), from €78,014 to €71,421
mainly Net result for the year (-€23,035) and Investment in fixed assets (net) (-€3,624)
- Financial fixed assets +€3,624
up €3,624 (+10.6%), from €34,180 to €37,804
- Profit (loss) carried forward -€23,035
down €23,035 (-29.4%), from -€78,446 to -€101,481
- Other debts +€16,000
up €16,000 (+11.2%), from €142,937 to €158,937
- Revaluation surpluses +€3,624
up €3,624 (+21.2%), from €17,081 to €20,704
- Gross operating margin -€2,623
down €2,623 (-13.4%), from -€19,611 to -€22,235
- Financial charges +€259
up €259 (+143.2%), from €181 to €440
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 | €114,283 | €110,900 | -€3,383 | -3.0% |
| Fixed assets | 21/28 | €34,601 | €37,804 | +€3,203 | +9.3% |
| Tangible fixed assets | 22/27 | €421 | - | -€421 | |
| Furniture and vehicles | 24 | €421 | - | -€421 | |
| Financial fixed assets | 28 | €34,180 | €37,804 | +€3,624 | +10.6% |
| Current assets | 29/58 | €79,682 | €73,096 | -€6,586 | -8.3% |
| Current investments | 50/53 | €1,669 | €1,676 | +€7 | +0.4% |
| Cash at bank and in hand | 54/58 | €78,014 | €71,421 | -€6,593 | -8.5% |
| Total equity and liabilities | 10/49 | €114,283 | €110,900 | -€3,383 | -3.0% |
| Equity | 10/15 | -€29,836 | -€49,247 | -€19,411 | -65.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €17,081 | €20,704 | +€3,624 | +21.2% |
| Reserves | 13 | €12,937 | €12,937 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,078 | €11,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,446 | -€101,481 | -€23,035 | -29.4% |
| Amounts payable | 17/49 | €144,119 | €160,147 | +€16,028 | +11.1% |
| Amounts payable within one year | 42/48 | €144,119 | €160,147 | +€16,028 | +11.1% |
| Trade debts | 44 | €1,182 | €1,210 | +€28 | +2.4% |
| Suppliers | 440/4 | €1,182 | €1,210 | +€28 | +2.4% |
| Other amounts payable | 47/48 | €142,937 | €158,937 | +€16,000 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €453 | €421 | -€32 | -7.1% |
| Other operating charges | 640/8 | €679 | €697 | +€18 | +2.6% |
| Gross operating margin | 9900 | -€19,611 | -€22,235 | -€2,623 | -13.4% |
| Operating profit (loss) | 9901 | -€20,744 | -€23,352 | -€2,609 | -12.6% |
| Financial income | 75/76B | €839 | €757 | -€82 | -9.7% |
| Recurring financial income | 75 | €839 | €757 | -€82 | -9.7% |
| Financial charges | 65/66B | €181 | €440 | +€259 | +143.2% |
| Recurring financial charges | 65 | €181 | €440 | +€259 | +143.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,086 | -€23,035 | -€2,949 | -14.7% |
| Profit (loss) for the period | 9904 | -€20,086 | -€23,035 | -€2,949 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,086 | -€23,035 | -€2,949 | -14.7% |
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 4 October 2026 via checked.be.