Ruben Philips: 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.
Ruben Philips
Largest movements
- Cash +€37,394
up €37,394 (+94.7%), from €39,473 to €76,867
mainly Net result for the year (+€47,707) and Tax, wage and social debts (+€11,468)
- Receivables within one year +€27,817
up €27,817 (+1,086%), from €2,561 to €30,378
of which Trade receivables: +€27,586
- Deferred charges and accrued income -€7,151
down €7,151 (-86.6%), from €8,255 to €1,104
- Reserves +€34,324
up €34,324 (+219%), from €15,676 to €50,000
- Profit (loss) carried forward +€13,383
new in 2025: €13,383
- Tax, wage and social debts +€11,468
up €11,468 (+92.3%), from €12,421 to €23,889
- Other debts -€11,396
down €11,396 (-94.9%), from €12,009 to €613
- Accrued charges and deferred income +€6,375
up €6,375 (+57.6%), from €11,067 to €17,442
- Gross operating margin +€39,035
up €39,035 (+133%), from €29,440 to €68,475
- Taxes +€12,223
up €12,223 (+193%), from €6,322 to €18,545
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 | €55,233 | €111,386 | +€56,153 | +102% |
| Fixed assets | 21/28 | €4,944 | €3,037 | -€1,907 | -38.6% |
| Intangible fixed assets | 21 | €1,870 | €988 | -€882 | -47.2% |
| Tangible fixed assets | 22/27 | €2,339 | €1,314 | -€1,025 | -43.8% |
| Plant, machinery and equipment | 23 | €1,137 | €738 | -€399 | -35.1% |
| Furniture and vehicles | 24 | €1,202 | €576 | -€626 | -52.1% |
| Financial fixed assets | 28 | €735 | €735 | = | 0.0% |
| Current assets | 29/58 | €50,289 | €108,349 | +€58,060 | +115% |
| Amounts receivable within one year | 40/41 | €2,561 | €30,378 | +€27,817 | +1,086% |
| Trade receivables | 40 | €2,561 | €30,147 | +€27,586 | +1,077% |
| Other amounts receivable | 41 | - | €231 | +€231 | |
| Cash at bank and in hand | 54/58 | €39,473 | €76,867 | +€37,394 | +94.7% |
| Deferred charges and accrued income | 490/1 | €8,255 | €1,104 | -€7,151 | -86.6% |
| Total equity and liabilities | 10/49 | €55,233 | €111,386 | +€56,153 | +102% |
| Equity | 10/15 | €18,176 | €65,883 | +€47,707 | +262% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €15,676 | €50,000 | +€34,324 | +219% |
| Distributable reserves | 133 | €15,676 | €50,000 | +€34,324 | +219% |
| Profit (loss) carried forward | 14 | - | €13,383 | +€13,383 | |
| Amounts payable | 17/49 | €37,057 | €45,503 | +€8,446 | +22.8% |
| Amounts payable within one year | 42/48 | €25,990 | €28,061 | +€2,071 | +8.0% |
| Trade debts | 44 | €1,560 | €3,559 | +€1,999 | +128% |
| Suppliers | 440/4 | €1,560 | €3,559 | +€1,999 | +128% |
| Taxes, remuneration and social security | 45 | €12,421 | €23,889 | +€11,468 | +92.3% |
| Taxes | 450/3 | €12,421 | €23,889 | +€11,468 | +92.3% |
| Other amounts payable | 47/48 | €12,009 | €613 | -€11,396 | -94.9% |
| Accrued charges and deferred income | 492/3 | €11,067 | €17,442 | +€6,375 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,450 | €1,908 | +€458 | +31.6% |
| Other operating charges | 640/8 | €253 | €215 | -€38 | -15.0% |
| Gross operating margin | 9900 | €29,440 | €68,475 | +€39,035 | +133% |
| Operating profit (loss) | 9901 | €27,737 | €66,352 | +€38,615 | +139% |
| Financial income | 75/76B | €113 | €30 | -€83 | -73.5% |
| Recurring financial income | 75 | €113 | €30 | -€83 | -73.5% |
| Financial charges | 65/66B | €759 | €130 | -€629 | -82.9% |
| Recurring financial charges | 65 | €759 | €130 | -€629 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €27,091 | €66,252 | +€39,161 | +145% |
| Income taxes | 67/77 | €6,322 | €18,545 | +€12,223 | +193% |
| Profit (loss) for the period | 9904 | €20,769 | €47,707 | +€26,938 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €20,769 | €47,707 | +€26,938 | +130% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.