PHILPS PIETER: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
PHILPS PIETER
Largest movements
- Cash +€13,487
up €13,487 (+11,642%), from €116 to €13,603
mainly Net result for the year (+€18,820) and Trade debts (+€8,146)
- Tangible fixed assets -€6,788
down €6,788 (-60.0%), from €11,308 to €4,520
of which Furniture and vehicles: -€6,168
- Profit (loss) carried forward +€18,820
up €18,820 (+38.7%), from -€48,619 to -€29,799
- Tax, wage and social debts -€15,179
down €15,179 (-83.4%), from €18,205 to €3,026
of which Remuneration and social security: -€12,600
- Trade debts +€8,146
up €8,146 (+108%), from €7,544 to €15,690
- Debts after one year -€2,500
no longer reported in 2025 (was €2,500)
- Current portion of long-term debt -€2,132
down €2,132 (-46.0%), from €4,632 to €2,500
- Gross operating margin +€55,641
up €55,641, from -€23,785 to €31,856
- Taxes +€2,991
new in 2025: €2,991
- Other operating charges +€2,919
up €2,919 (+207%), from €1,410 to €4,330
- Financial income +€1,588
up €1,588 (+512,332%), from €0 to €1,589
- Financial charges -€554
down €554 (-51.8%), from €1,071 to €516
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,048 | €63,201 | +€7,154 | +12.8% |
| Fixed assets | 21/28 | €11,799 | €5,011 | -€6,788 | -57.5% |
| Tangible fixed assets | 22/27 | €11,308 | €4,520 | -€6,788 | -60.0% |
| Plant, machinery and equipment | 23 | €1,342 | €721 | -€620 | -46.2% |
| Furniture and vehicles | 24 | €9,966 | €3,798 | -€6,168 | -61.9% |
| Financial fixed assets | 28 | €491 | €491 | = | 0.0% |
| Current assets | 29/58 | €44,249 | €58,191 | +€13,941 | +31.5% |
| Amounts receivable within one year | 40/41 | €44,133 | €44,588 | +€455 | +1.0% |
| Trade receivables | 40 | €594 | €3,045 | +€2,451 | +412% |
| Other amounts receivable | 41 | €43,539 | €41,543 | -€1,996 | -4.6% |
| Cash at bank and in hand | 54/58 | €116 | €13,603 | +€13,487 | +11,642% |
| Total equity and liabilities | 10/49 | €56,048 | €63,201 | +€7,154 | +12.8% |
| Equity | 10/15 | €23,166 | €41,986 | +€18,820 | +81.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €59,385 | €59,385 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,525 | €57,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,619 | -€29,799 | +€18,820 | +38.7% |
| Amounts payable | 17/49 | €32,882 | €21,216 | -€11,666 | -35.5% |
| Amounts payable after more than one year | 17 | €2,500 | - | -€2,500 | |
| Financial debts | 170/4 | €2,500 | - | -€2,500 | |
| Amounts payable within one year | 42/48 | €30,382 | €21,216 | -€9,166 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €4,632 | €2,500 | -€2,132 | -46.0% |
| Trade debts | 44 | €7,544 | €15,690 | +€8,146 | +108% |
| Suppliers | 440/4 | €7,544 | €15,690 | +€8,146 | +108% |
| Taxes, remuneration and social security | 45 | €18,205 | €3,026 | -€15,179 | -83.4% |
| Taxes | 450/3 | €5,605 | €3,026 | -€2,579 | -46.0% |
| Remuneration and social security | 454/9 | €12,600 | - | -€12,600 | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,253 | €6,788 | -€465 | -6.4% |
| Other operating charges | 640/8 | €1,410 | €4,330 | +€2,919 | +207% |
| Gross operating margin | 9900 | -€23,785 | €31,856 | +€55,641 | |
| Operating profit (loss) | 9901 | -€32,448 | €20,738 | +€53,187 | |
| Financial income | 75/76B | €0 | €1,589 | +€1,588 | +512,332% |
| Recurring financial income | 75 | €0 | €1,589 | +€1,588 | +512,332% |
| Financial charges | 65/66B | €1,071 | €516 | -€554 | -51.8% |
| Recurring financial charges | 65 | €1,071 | €516 | -€554 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,519 | €21,811 | +€55,329 | |
| Income taxes | 67/77 | - | €2,991 | +€2,991 | |
| Profit (loss) for the period | 9904 | -€33,519 | €18,820 | +€52,338 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,519 | €18,820 | +€52,338 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.