Philot: 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.
Philot
Largest movements
- Cash +€177,841
up €177,841 (+61.8%), from €287,915 to €465,756
mainly Net result for the year (+€410,719) and Receivables within one year (+€137,887)
- Receivables within one year -€137,887
down €137,887 (-46.9%), from €293,708 to €155,820
of which Trade receivables: -€238,090
- Profit (loss) carried forward +€410,719
up €410,719 (+62.7%), from €655,494 to €1.1m
- Debts after one year -€314,534
down €314,534 (-10.7%), from €2.9m to €2.6m
- Gross operating margin -€463,158
down €463,158 (-47.7%), from €971,029 to €507,871
- Taxes -€95,933
down €95,933 (-48.8%), from €196,530 to €100,597
- Financial charges -€74,568
down €74,568 (-44.8%), from €166,438 to €91,870
- Financial income +€46,958
up €46,958 (+92.6%), from €50,708 to €97,666
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 | €4,235,203 | €4,281,239 | +€46,036 | +1.1% |
| Fixed assets | 21/28 | €3,652,152 | €3,659,662 | +€7,511 | +0.2% |
| Tangible fixed assets | 22/27 | €2,152 | €9,662 | +€7,511 | +349% |
| Plant, machinery and equipment | 23 | €2,152 | €1,499 | -€653 | -30.3% |
| Furniture and vehicles | 24 | - | €865 | +€865 | |
| Other tangible fixed assets | 26 | - | €7,298 | +€7,298 | |
| Financial fixed assets | 28 | €3,650,000 | €3,650,000 | = | 0.0% |
| Current assets | 29/58 | €583,051 | €621,576 | +€38,526 | +6.6% |
| Amounts receivable within one year | 40/41 | €293,708 | €155,820 | -€137,887 | -46.9% |
| Trade receivables | 40 | €242,000 | €3,910 | -€238,090 | -98.4% |
| Other amounts receivable | 41 | €51,708 | €151,910 | +€100,203 | +194% |
| Cash at bank and in hand | 54/58 | €287,915 | €465,756 | +€177,841 | +61.8% |
| Deferred charges and accrued income | 490/1 | €1,428 | - | -€1,428 | |
| Total equity and liabilities | 10/49 | €4,235,203 | €4,281,239 | +€46,036 | +1.1% |
| Equity | 10/15 | €707,494 | €1,118,213 | +€410,719 | +58.1% |
| Contributions | 10/11 | €52,000 | €52,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €655,494 | €1,066,213 | +€410,719 | +62.7% |
| Amounts payable | 17/49 | €3,527,708 | €3,163,026 | -€364,683 | -10.3% |
| Amounts payable after more than one year | 17 | €2,933,495 | €2,618,961 | -€314,534 | -10.7% |
| Financial debts | 170/4 | €2,933,495 | €2,618,961 | -€314,534 | -10.7% |
| Amounts payable within one year | 42/48 | €594,213 | €544,065 | -€50,148 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €303,094 | €314,534 | +€11,441 | +3.8% |
| Trade debts | 44 | €430 | €2,638 | +€2,208 | +514% |
| Suppliers | 440/4 | €430 | €2,638 | +€2,208 | +514% |
| Taxes, remuneration and social security | 45 | €265,507 | €223,712 | -€41,796 | -15.7% |
| Taxes | 450/3 | €265,507 | €223,712 | -€41,796 | -15.7% |
| Other amounts payable | 47/48 | €25,183 | €3,181 | -€22,002 | -87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,112 | €1,258 | +€146 | +13.2% |
| Other operating charges | 640/8 | €2,162 | €1,093 | -€1,069 | -49.4% |
| Gross operating margin | 9900 | €971,029 | €507,871 | -€463,158 | -47.7% |
| Operating profit (loss) | 9901 | €967,755 | €505,520 | -€462,235 | -47.8% |
| Financial income | 75/76B | €50,708 | €97,666 | +€46,958 | +92.6% |
| Recurring financial income | 75 | €50,708 | €97,666 | +€46,958 | +92.6% |
| Financial charges | 65/66B | €166,438 | €91,870 | -€74,568 | -44.8% |
| Recurring financial charges | 65 | €166,438 | €91,870 | -€74,568 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €852,024 | €511,316 | -€340,709 | -40.0% |
| Income taxes | 67/77 | €196,530 | €100,597 | -€95,933 | -48.8% |
| Profit (loss) for the period | 9904 | €655,494 | €410,719 | -€244,775 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €655,494 | €410,719 | -€244,775 | -37.3% |
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 22 October 2026 via checked.be.