PHYLLIPPROJECTS: 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.
PHYLLIPPROJECTS
Largest movements
- Tangible fixed assets -€41,628
down €41,628 (-6.1%), from €681,800 to €640,172
of which Land and buildings: -€32,286
- Receivables within one year -€21,799
down €21,799 (-29.6%), from €73,758 to €51,959
of which Other amounts receivable: -€19,558
- Cash -€8,859
down €8,859 (-100.0%), from €8,859 to €0
mainly Current portion of long-term debt (-€52,336) and Net result for the year (-€34,868)
- Current portion of long-term debt -€52,336
down €52,336 (-87.3%), from €59,938 to €7,602
- Profit (loss) carried forward -€34,868
down €34,868 (-482.8%), from -€7,222 to -€42,090
- Debts after one year +€23,672
up €23,672 (+4.5%), from €522,044 to €545,716
- Trade debts -€22,516
down €22,516 (-32.5%), from €69,364 to €46,847
- Other debts +€13,452
up €13,452 (+37.5%), from €35,842 to €49,294
- Gross operating margin -€54,207
down €54,207 (-67.8%), from €79,984 to €25,777
- Other operating charges -€6,557
down €6,557 (-99.4%), from €6,595 to €38
- Financial charges -€5,806
down €5,806 (-23.4%), from €24,786 to €18,980
- Depreciation +€1,467
up €1,467 (+3.7%), from €40,161 to €41,628
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.
Cash bridge derived
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 | €765,479 | €693,447 | -€72,032 | -9.4% |
| Fixed assets | 21/28 | €681,800 | €640,172 | -€41,628 | -6.1% |
| Tangible fixed assets | 22/27 | €681,800 | €640,172 | -€41,628 | -6.1% |
| Land and buildings | 22 | €645,216 | €612,930 | -€32,286 | -5.0% |
| Furniture and vehicles | 24 | €1,137 | €387 | -€750 | -65.9% |
| Leasing and similar rights | 25 | €35,447 | €26,855 | -€8,592 | -24.2% |
| Current assets | 29/58 | €83,679 | €53,275 | -€30,404 | -36.3% |
| Amounts receivable within one year | 40/41 | €73,758 | €51,959 | -€21,799 | -29.6% |
| Trade receivables | 40 | €44,149 | €41,908 | -€2,241 | -5.1% |
| Other amounts receivable | 41 | €29,609 | €10,051 | -€19,558 | -66.1% |
| Cash at bank and in hand | 54/58 | €8,859 | €0 | -€8,859 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,062 | €1,317 | +€255 | +24.0% |
| Total equity and liabilities | 10/49 | €765,479 | €693,447 | -€72,032 | -9.4% |
| Equity | 10/15 | €77,902 | €43,033 | -€34,868 | -44.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €78,124 | €78,124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €76,124 | €76,124 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,222 | -€42,090 | -€34,868 | -482.8% |
| Amounts payable | 17/49 | €687,578 | €650,414 | -€37,164 | -5.4% |
| Amounts payable after more than one year | 17 | €522,044 | €545,716 | +€23,672 | +4.5% |
| Financial debts | 170/4 | €522,044 | €545,716 | +€23,672 | +4.5% |
| Amounts payable within one year | 42/48 | €165,534 | €104,698 | -€60,836 | -36.8% |
| Current portion of amounts payable after more than one year | 42 | €59,938 | €7,602 | -€52,336 | -87.3% |
| Trade debts | 44 | €69,364 | €46,847 | -€22,516 | -32.5% |
| Suppliers | 440/4 | €69,364 | €46,847 | -€22,516 | -32.5% |
| Taxes, remuneration and social security | 45 | €389 | €954 | +€565 | +145.1% |
| Taxes | 450/3 | €389 | €954 | +€565 | +145.1% |
| Other amounts payable | 47/48 | €35,842 | €49,294 | +€13,452 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,161 | €41,628 | +€1,467 | +3.7% |
| Other operating charges | 640/8 | €6,595 | €38 | -€6,557 | -99.4% |
| Gross operating margin | 9900 | €79,984 | €25,777 | -€54,207 | -67.8% |
| Operating profit (loss) | 9901 | €33,229 | -€15,889 | -€49,118 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €24,786 | €18,980 | -€5,806 | -23.4% |
| Recurring financial charges | 65 | €24,786 | €18,980 | -€5,806 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €8,443 | -€34,868 | -€43,311 | |
| Profit (loss) for the period | 9904 | €8,443 | -€34,868 | -€43,311 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,443 | -€34,868 | -€43,311 |
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 10 October 2026 via checked.be.