PHILWOODDESIGN: what changed
What changed
PHILWOODDESIGN
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€1,710
2024 · -€43,199+€41,489
Equity
€267,290
2024 · €269,000-€1,710
Cash
€192,142
2024 · €186,013+€6,129
Balance sheet total
€417,036
2024 · €397,211+€19,825
Largest movements
Assets
- Receivables within one year +€27,082
up €27,082 (+36.6%), from €74,016 to €101,098
of which Trade receivables: +€45,013
- Tangible fixed assets -€13,535
down €13,535 (-37.1%), from €36,483 to €22,947
of which Furniture and vehicles: -€12,368
- Cash +€6,129
up €6,129 (+3.3%), from €186,013 to €192,142
mainly Depreciation (+€13,535) and Trade debts (+€11,907)
Equity and liabilities
- Trade debts +€11,907
up €11,907 (+28.7%), from €41,425 to €53,332
- Other debts +€9,829
new in 2025: €9,829
Income statement
- Gross operating margin +€45,850
up €45,850, from -€25,838 to €20,012
- Financial charges +€3,084
up €3,084 (+129%), from €2,399 to €5,483
- Other operating charges +€1,597
up €1,597 (+110%), from €1,447 to €3,045
- Financial income +€1,304
up €1,304 (+59,794%), from €2 to €1,306
- Taxes +€906
up €906 (+1,560%), from €58 to €964
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.
Result 2024
-€43,199
Gross operating margin
+€45,850
Depreciation
-€76
Other operating charges
-€1,597
Financial income
+€1,304
Financial charges
-€3,084
Taxes
-€906
Result 2025
-€1,710
raises the resultlowers the result
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.
From operations
+€6,129
Investment
€0
Financing
€0
Cash 2024
€186,013
From operations (derived)
+€6,129
Net result for the year
-€1,710
Depreciation
+€13,535
Receivables within one year
-€27,082
Deferred charges and accrued income
-€150
Trade debts
+€11,907
Tax, wage and social debts
-€202
Other debts
+€9,829
Cash 2025
€192,142
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,211 | €417,036 | +€19,825 | +5.0% |
| Fixed assets | 21/28 | €36,483 | €22,947 | -€13,535 | -37.1% |
| Tangible fixed assets | 22/27 | €36,483 | €22,947 | -€13,535 | -37.1% |
| Plant, machinery and equipment | 23 | €4,203 | €3,036 | -€1,168 | -27.8% |
| Furniture and vehicles | 24 | €32,279 | €19,911 | -€12,368 | -38.3% |
| Current assets | 29/58 | €360,728 | €394,089 | +€33,360 | +9.2% |
| Amounts receivable after more than one year | 29 | €99,966 | €99,966 | = | 0.0% |
| Other amounts receivable | 291 | €99,966 | €99,966 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,016 | €101,098 | +€27,082 | +36.6% |
| Trade receivables | 40 | €47,979 | €92,992 | +€45,013 | +93.8% |
| Other amounts receivable | 41 | €26,038 | €8,106 | -€17,932 | -68.9% |
| Cash at bank and in hand | 54/58 | €186,013 | €192,142 | +€6,129 | +3.3% |
| Deferred charges and accrued income | 490/1 | €733 | €882 | +€150 | +20.4% |
| Total equity and liabilities | 10/49 | €397,211 | €417,036 | +€19,825 | +5.0% |
| Equity | 10/15 | €269,000 | €267,290 | -€1,710 | -0.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €299,799 | €299,799 | = | 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% |
| Tax-exempt reserves | 132 | €257,218 | €257,218 | = | 0.0% |
| Distributable reserves | 133 | €40,721 | €40,721 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,199 | -€44,909 | -€1,710 | -4.0% |
| Provisions and deferred taxes | 16 | €85,739 | €85,739 | = | 0.0% |
| Deferred taxes | 168 | €85,739 | €85,739 | = | 0.0% |
| Amounts payable | 17/49 | €42,471 | €64,006 | +€21,534 | +50.7% |
| Amounts payable within one year | 42/48 | €42,471 | €64,006 | +€21,534 | +50.7% |
| Trade debts | 44 | €41,425 | €53,332 | +€11,907 | +28.7% |
| Suppliers | 440/4 | €41,425 | €53,332 | +€11,907 | +28.7% |
| Taxes, remuneration and social security | 45 | €1,047 | €845 | -€202 | -19.3% |
| Taxes | 450/3 | €320 | €118 | -€202 | -63.1% |
| Remuneration and social security | 454/9 | €727 | €727 | = | 0.0% |
| Other amounts payable | 47/48 | - | €9,829 | +€9,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,459 | €13,535 | +€76 | +0.6% |
| Other operating charges | 640/8 | €1,447 | €3,045 | +€1,597 | +110% |
| Gross operating margin | 9900 | -€25,838 | €20,012 | +€45,850 | |
| Operating profit (loss) | 9901 | -€40,744 | €3,432 | +€44,176 | |
| Financial income | 75/76B | €2 | €1,306 | +€1,304 | +59,794% |
| Recurring financial income | 75 | €2 | €1,306 | +€1,304 | +59,794% |
| Financial charges | 65/66B | €2,399 | €5,483 | +€3,084 | +129% |
| Recurring financial charges | 65 | €2,399 | €5,483 | +€3,084 | +129% |
| Profit (loss) for the period before taxes | 9903 | -€43,141 | -€746 | +€42,395 | +98.3% |
| Income taxes | 67/77 | €58 | €964 | +€906 | +1,560% |
| Profit (loss) for the period | 9904 | -€43,199 | -€1,710 | +€41,489 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,199 | -€1,710 | +€41,489 | +96.0% |
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Calculation and sources
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 4 November 2026 via checked.be.