PHILOVINS: 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.
PHILOVINS
Largest movements
- Tangible fixed assets -€18,319
down €18,319 (-33.3%), from €54,943 to €36,624
of which Furniture and vehicles: -€11,390
- Cash +€4,867
up €4,867 (+107%), from €4,538 to €9,405
mainly Other debts (+€28,408) and Depreciation (+€18,319)
- Stocks and contracts -€4,399
down €4,399 (-46.9%), from €9,372 to €4,973
- Receivables within one year +€2,576
up €2,576 (+289%), from €890 to €3,466
- Profit (loss) carried forward -€50,871
down €50,871 (-84.0%), from -€60,551 to -€111,422
- Other debts +€28,408
up €28,408 (+33.2%), from €85,606 to €114,014
- Trade debts +€17,628
up €17,628 (+165%), from €10,696 to €28,324
- Debts after one year -€5,181
no longer reported in 2025 (was €5,181)
- Current portion of long-term debt -€5,058
down €5,058 (-49.4%), from €10,239 to €5,181
- Gross operating margin -€33,816
down €33,816 (-22.8%), from €148,099 to €114,283
- Staff costs -€10,305
down €10,305 (-6.7%), from €153,032 to €142,726
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 | €70,128 | €54,479 | -€15,650 | -22.3% |
| Fixed assets | 21/28 | €54,943 | €36,624 | -€18,319 | -33.3% |
| Tangible fixed assets | 22/27 | €54,943 | €36,624 | -€18,319 | -33.3% |
| Furniture and vehicles | 24 | €12,533 | €1,143 | -€11,390 | -90.9% |
| Other tangible fixed assets | 26 | €42,411 | €35,481 | -€6,930 | -16.3% |
| Current assets | 29/58 | €15,185 | €17,855 | +€2,670 | +17.6% |
| Stocks and contracts in progress | 3 | €9,372 | €4,973 | -€4,399 | -46.9% |
| Stocks | 30/36 | €9,372 | €4,973 | -€4,399 | -46.9% |
| Amounts receivable within one year | 40/41 | €890 | €3,466 | +€2,576 | +289% |
| Trade receivables | 40 | €890 | €3,466 | +€2,576 | +289% |
| Cash at bank and in hand | 54/58 | €4,538 | €9,405 | +€4,867 | +107% |
| Deferred charges and accrued income | 490/1 | €385 | €10 | -€374 | -97.3% |
| Total equity and liabilities | 10/49 | €70,128 | €54,479 | -€15,650 | -22.3% |
| Equity | 10/15 | -€55,551 | -€106,422 | -€50,871 | -91.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,551 | -€111,422 | -€50,871 | -84.0% |
| Amounts payable | 17/49 | €125,679 | €160,900 | +€35,221 | +28.0% |
| Amounts payable after more than one year | 17 | €5,181 | - | -€5,181 | |
| Financial debts | 170/4 | €5,181 | - | -€5,181 | |
| Amounts payable within one year | 42/48 | €118,324 | €158,736 | +€40,412 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €10,239 | €5,181 | -€5,058 | -49.4% |
| Trade debts | 44 | €10,696 | €28,324 | +€17,628 | +165% |
| Suppliers | 440/4 | €10,696 | €28,324 | +€17,628 | +165% |
| Taxes, remuneration and social security | 45 | €11,783 | €11,217 | -€566 | -4.8% |
| Taxes | 450/3 | €9,301 | €6,488 | -€2,812 | -30.2% |
| Remuneration and social security | 454/9 | €2,482 | €4,728 | +€2,246 | +90.5% |
| Other amounts payable | 47/48 | €85,606 | €114,014 | +€28,408 | +33.2% |
| Accrued charges and deferred income | 492/3 | €2,174 | €2,165 | -€9 | -0.4% |
| Remuneration, social security and pensions | 62 | €153,032 | €142,726 | -€10,305 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,028 | €18,319 | -€708 | -3.7% |
| Other operating charges | 640/8 | €2,802 | €1,910 | -€892 | -31.8% |
| Gross operating margin | 9900 | €148,099 | €114,283 | -€33,816 | -22.8% |
| Operating profit (loss) | 9901 | -€26,762 | -€48,673 | -€21,911 | -81.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,526 | €2,198 | -€1,328 | -37.7% |
| Recurring financial charges | 65 | €3,526 | €2,198 | -€1,328 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | -€30,288 | -€50,871 | -€20,583 | -68.0% |
| Profit (loss) for the period | 9904 | -€30,288 | -€50,871 | -€20,583 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,288 | -€50,871 | -€20,583 | -68.0% |
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 14 October 2026 via checked.be.