PHILTOM: what changed
Two fiscal 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.
PHILTOM
Largest movements
- Tangible fixed assets -€55,265
down €55,265 (-3.3%), from €1.7m to €1.6m
- Receivables within one year -€47,462
no longer reported in 2015 (was €47,462)
- Current investments +€24,061
up €24,061 (+23.1%), from €103,972 to €128,033
- Reserves -€45,206
down €45,206 (-3.8%), from €1.2m to €1.2m
- Debts -€41,747
down €41,747 (-9.6%), from €434,530 to €392,783
of which Debts after one year: -€24,539
- Gross operating margin +€12,512
up €12,512 (+57.5%), from €21,776 to €34,288
- Taxes +€897
up €897 (+168.4%), from €532 to €1,429
From the 2014 result to the 2015 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.
Cash bridge derived
Derived from the 2014 and 2015 balance sheets and the 2015 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2014 | 2015 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,821,530 | €1,732,194 | -€89,337 | -4.9% |
| Fixed assets | 21/28 | €1,651,548 | €1,596,283 | -€55,265 | -3.3% |
| Tangible fixed assets | 22/27 | €1,651,548 | €1,596,283 | -€55,265 | -3.3% |
| Current assets | 29/58 | €169,982 | €135,910 | -€34,072 | -20.0% |
| Amounts receivable within one year | 40/41 | €47,462 | - | -€47,462 | |
| Current investments | 50/53 | €103,972 | €128,033 | +€24,061 | +23.1% |
| Cash at bank and in hand | 54/58 | €18,548 | €7,877 | -€10,671 | -57.5% |
| Total equity and liabilities | 10/49 | €1,821,530 | €1,732,194 | -€89,337 | -4.9% |
| Equity | 10/15 | €1,324,051 | €1,278,845 | -€45,206 | -3.4% |
| Contributions | 10/11 | €126,452 | €126,452 | = | 0.0% |
| Reserves | 13 | €1,197,599 | €1,152,393 | -€45,206 | -3.8% |
| Provisions and deferred taxes | 16 | €62,950 | €60,566 | -€2,384 | -3.8% |
| Amounts payable | 17/49 | €434,530 | €392,783 | -€41,747 | -9.6% |
| Amounts payable after more than one year | 17 | €390,550 | €366,011 | -€24,539 | -6.3% |
| Amounts payable within one year | 42/48 | €43,269 | €26,061 | -€17,208 | -39.8% |
| Trade debts | 44 | €21 | €21 | +€0 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,265 | €55,265 | = | 0.0% |
| Gross operating margin | 9900 | €21,776 | €34,288 | +€12,512 | +57.5% |
| Operating profit (loss) | 9901 | -€40,554 | -€28,187 | +€12,367 | +30.5% |
| Recurring financial income | 75 | €2,474 | €1,715 | -€759 | -30.7% |
| Recurring financial charges | 65 | €20,792 | €19,689 | -€1,103 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€58,872 | -€46,160 | +€12,712 | +21.6% |
| Income taxes | 67/77 | €532 | €1,429 | +€897 | +168.4% |
| Profit (loss) for the period | 9904 | -€57,021 | -€45,206 | +€11,815 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,861 | -€38,046 | +€11,815 | +23.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2014 and 31 December 2015. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.