PHILOUSTIC: 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.
PHILOUSTIC
Largest movements
- Tangible fixed assets -€57,137
down €57,137 (-10.5%), from €545,088 to €487,951
of which Plant, machinery and equipment: -€43,122
- Receivables within one year -€11,574
down €11,574 (-93.2%), from €12,422 to €848
of which Trade receivables: -€11,566
- Other debts -€27,887
down €27,887 (-7.1%), from €395,331 to €367,444
- Profit (loss) carried forward -€26,006
down €26,006 (-120%), from -€21,584 to -€47,590
- Debts after one year -€19,666
down €19,666 (-14.1%), from €139,305 to €119,639
- Gross operating margin -€14,932
down €14,932 (-30.8%), from €48,413 to €33,481
- Other operating charges -€5,077
down €5,077 (-62.3%), from €8,149 to €3,072
- Financial income -€1,410
down €1,410 (-82.5%), from €1,710 to €300
- Depreciation -€803
down €803 (-1.5%), from €54,203 to €53,400
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 | €560,553 | €489,700 | -€70,853 | -12.6% |
| Fixed assets | 21/28 | €545,088 | €487,951 | -€57,137 | -10.5% |
| Tangible fixed assets | 22/27 | €545,088 | €487,951 | -€57,137 | -10.5% |
| Land and buildings | 22 | €265,260 | €251,245 | -€14,015 | -5.3% |
| Plant, machinery and equipment | 23 | €279,828 | €236,706 | -€43,122 | -15.4% |
| Current assets | 29/58 | €15,465 | €1,749 | -€13,716 | -88.7% |
| Amounts receivable within one year | 40/41 | €12,422 | €848 | -€11,574 | -93.2% |
| Trade receivables | 40 | €12,312 | €746 | -€11,566 | -93.9% |
| Other amounts receivable | 41 | €110 | €102 | -€8 | -7.3% |
| Cash at bank and in hand | 54/58 | €2,344 | €171 | -€2,173 | -92.7% |
| Deferred charges and accrued income | 490/1 | €699 | €730 | +€31 | +4.4% |
| Total equity and liabilities | 10/49 | €560,553 | €489,700 | -€70,853 | -12.6% |
| Equity | 10/15 | -€3,034 | -€29,040 | -€26,006 | -857% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,584 | -€47,590 | -€26,006 | -120% |
| Amounts payable | 17/49 | €563,587 | €518,740 | -€44,847 | -8.0% |
| Amounts payable after more than one year | 17 | €139,305 | €119,639 | -€19,666 | -14.1% |
| Financial debts | 170/4 | €139,305 | €119,639 | -€19,666 | -14.1% |
| Amounts payable within one year | 42/48 | €424,282 | €399,101 | -€25,181 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €19,667 | €19,667 | = | 0.0% |
| Trade debts | 44 | €8,785 | €8,844 | +€59 | +0.7% |
| Suppliers | 440/4 | €8,785 | €8,844 | +€59 | +0.7% |
| Taxes, remuneration and social security | 45 | €499 | €3,146 | +€2,647 | +530% |
| Taxes | 450/3 | €499 | €3,146 | +€2,647 | +530% |
| Other amounts payable | 47/48 | €395,331 | €367,444 | -€27,887 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,203 | €53,400 | -€803 | -1.5% |
| Other operating charges | 640/8 | €8,149 | €3,072 | -€5,077 | -62.3% |
| Gross operating margin | 9900 | €48,413 | €33,481 | -€14,932 | -30.8% |
| Operating profit (loss) | 9901 | -€13,939 | -€22,991 | -€9,052 | -64.9% |
| Financial income | 75/76B | €1,710 | €300 | -€1,410 | -82.5% |
| Recurring financial income | 75 | €1,710 | €300 | -€1,410 | -82.5% |
| Financial charges | 65/66B | €3,738 | €3,315 | -€423 | -11.3% |
| Recurring financial charges | 65 | €3,738 | €3,315 | -€423 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,967 | -€26,006 | -€10,039 | -62.9% |
| Profit (loss) for the period | 9904 | -€15,967 | -€26,006 | -€10,039 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,967 | -€26,006 | -€10,039 | -62.9% |
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 26 October 2026 via checked.be.