PHILONASO: 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.
PHILONASO
Largest movements
- Cash +€61,544
up €61,544 (+28.5%), from €215,874 to €277,418
mainly Net result for the year (+€66,678) and Depreciation (+€24,339)
- Tangible fixed assets -€22,465
down €22,465 (-10.3%), from €218,408 to €195,943
of which Land and buildings: -€11,996
- Receivables within one year +€10,154
up €10,154 (+23.3%), from €43,671 to €53,825
of which Other amounts receivable: +€10,267
- Reserves +€65,000
up €65,000 (+3,250%), from €2,000 to €67,000
of which Distributable reserves: +€65,000
- Debts after one year -€30,029
down €30,029 (-22.5%), from €133,189 to €103,160
- Tax, wage and social debts +€13,849
up €13,849 (+245%), from €5,658 to €19,507
of which Taxes: +€13,246
- Gross operating margin -€13,495
down €13,495 (-7.5%), from €179,328 to €165,833
- Staff costs +€10,600
up €10,600 (+39.2%), from €27,031 to €37,631
- Taxes +€4,683
up €4,683 (+15.0%), from €31,298 to €35,981
- Financial income +€4,318
up €4,318 (+187%), from €2,310 to €6,628
- Other operating charges -€2,616
down €2,616 (-62.6%), from €4,176 to €1,561
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €645,297 | €696,024 | +€50,727 | +7.9% |
| Fixed assets | 21/28 | €218,408 | €195,943 | -€22,465 | -10.3% |
| Tangible fixed assets | 22/27 | €218,408 | €195,943 | -€22,465 | -10.3% |
| Land and buildings | 22 | €188,479 | €176,483 | -€11,996 | -6.4% |
| Plant, machinery and equipment | 23 | €8,664 | €6,829 | -€1,835 | -21.2% |
| Furniture and vehicles | 24 | €21,265 | €12,632 | -€8,633 | -40.6% |
| Current assets | 29/58 | €426,889 | €500,081 | +€73,192 | +17.1% |
| Stocks and contracts in progress | 3 | €19,844 | €19,613 | -€231 | -1.2% |
| Stocks | 30/36 | €19,844 | €19,613 | -€231 | -1.2% |
| Amounts receivable within one year | 40/41 | €43,671 | €53,825 | +€10,154 | +23.3% |
| Trade receivables | 40 | €208 | €95 | -€113 | -54.3% |
| Other amounts receivable | 41 | €43,463 | €53,730 | +€10,267 | +23.6% |
| Current investments | 50/53 | €147,500 | €147,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €215,874 | €277,418 | +€61,544 | +28.5% |
| Deferred charges and accrued income | 490/1 | - | €1,726 | +€1,726 | |
| Total equity and liabilities | 10/49 | €645,297 | €696,024 | +€50,727 | +7.9% |
| Equity | 10/15 | €469,969 | €536,648 | +€66,678 | +14.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | €67,000 | +€65,000 | +3,250% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | - | €65,000 | +€65,000 | |
| Profit (loss) carried forward | 14 | €447,969 | €449,648 | +€1,678 | +0.4% |
| Amounts payable | 17/49 | €175,328 | €159,376 | -€15,951 | -9.1% |
| Amounts payable after more than one year | 17 | €133,189 | €103,160 | -€30,029 | -22.5% |
| Financial debts | 170/4 | €133,189 | €103,160 | -€30,029 | -22.5% |
| Amounts payable within one year | 42/48 | €42,138 | €56,216 | +€14,078 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €30,871 | €30,029 | -€842 | -2.7% |
| Trade debts | 44 | €5,610 | €6,680 | +€1,070 | +19.1% |
| Suppliers | 440/4 | €5,610 | €6,680 | +€1,070 | +19.1% |
| Taxes, remuneration and social security | 45 | €5,658 | €19,507 | +€13,849 | +245% |
| Taxes | 450/3 | €3,836 | €17,081 | +€13,246 | +345% |
| Remuneration and social security | 454/9 | €1,822 | €2,426 | +€604 | +33.1% |
| Remuneration, social security and pensions | 62 | €27,031 | €37,631 | +€10,600 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,974 | €24,339 | -€634 | -2.5% |
| Other operating charges | 640/8 | €4,176 | €1,561 | -€2,616 | -62.6% |
| Gross operating margin | 9900 | €179,328 | €165,833 | -€13,495 | -7.5% |
| Operating profit (loss) | 9901 | €123,148 | €102,303 | -€20,845 | -16.9% |
| Financial income | 75/76B | €2,310 | €6,628 | +€4,318 | +187% |
| Recurring financial income | 75 | €2,310 | €6,628 | +€4,318 | +187% |
| Financial charges | 65/66B | €6,995 | €6,272 | -€723 | -10.3% |
| Recurring financial charges | 65 | €6,995 | €6,272 | -€723 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €118,463 | €102,659 | -€15,803 | -13.3% |
| Income taxes | 67/77 | €31,298 | €35,981 | +€4,683 | +15.0% |
| Profit (loss) for the period | 9904 | €87,165 | €66,678 | -€20,486 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,165 | €66,678 | -€20,486 | -23.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.