TOITURES PHILIPPE POLIS: 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.
TOITURES PHILIPPE POLIS
Largest movements
- Receivables within one year -€22,569
down €22,569 (-61.6%), from €36,614 to €14,045
of which Other amounts receivable: -€13,212
- Cash +€17,283
up €17,283 (+22.8%), from €75,870 to €93,153
mainly Receivables within one year (+€22,569) and Net result for the year (+€18,300)
- Tangible fixed assets -€13,480
down €13,480 (-22.1%), from €61,050 to €47,570
of which Furniture and vehicles: -€12,532
- Stocks and contracts +€5,439
up €5,439 (+37.4%), from €14,538 to €19,977
- Deferred charges and accrued income -€1,998
down €1,998 (-19.8%), from €10,068 to €8,070
- Debts after one year -€23,852
down €23,852 (-84.9%), from €28,080 to €4,227
- Other debts +€12,885
up €12,885 (+469%), from €2,745 to €15,631
- Trade debts -€7,673
down €7,673 (-42.6%), from €18,028 to €10,355
- Reserves +€2,669
up €2,669 (+4.3%), from €62,468 to €65,137
of which Distributable reserves: +€2,669
- Gross operating margin +€41,866
up €41,866 (+31.3%), from €133,677 to €175,544
- Taxes +€10,314
up €10,314 (+1,462%), from €705 to €11,019
- Staff costs +€3,540
up €3,540 (+2.8%), from €125,585 to €129,126
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 | €198,214 | €182,888 | -€15,326 | -7.7% |
| Fixed assets | 21/28 | €61,125 | €47,644 | -€13,480 | -22.1% |
| Tangible fixed assets | 22/27 | €61,050 | €47,570 | -€13,480 | -22.1% |
| Plant, machinery and equipment | 23 | €7,354 | €6,406 | -€949 | -12.9% |
| Furniture and vehicles | 24 | €53,696 | €41,165 | -€12,532 | -23.3% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €137,089 | €135,244 | -€1,846 | -1.3% |
| Stocks and contracts in progress | 3 | €14,538 | €19,977 | +€5,439 | +37.4% |
| Stocks | 30/36 | €14,538 | €19,977 | +€5,439 | +37.4% |
| Amounts receivable within one year | 40/41 | €36,614 | €14,045 | -€22,569 | -61.6% |
| Trade receivables | 40 | €17,185 | €7,828 | -€9,357 | -54.4% |
| Other amounts receivable | 41 | €19,429 | €6,217 | -€13,212 | -68.0% |
| Cash at bank and in hand | 54/58 | €75,870 | €93,153 | +€17,283 | +22.8% |
| Deferred charges and accrued income | 490/1 | €10,068 | €8,070 | -€1,998 | -19.8% |
| Total equity and liabilities | 10/49 | €198,214 | €182,888 | -€15,326 | -7.7% |
| Equity | 10/15 | €115,561 | €118,230 | +€2,669 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,468 | €65,137 | +€2,669 | +4.3% |
| 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 | €60,608 | €63,277 | +€2,669 | +4.4% |
| Profit (loss) carried forward | 14 | €34,493 | €34,493 | = | 0.0% |
| Amounts payable | 17/49 | €82,653 | €64,658 | -€17,995 | -21.8% |
| Amounts payable after more than one year | 17 | €28,080 | €4,227 | -€23,852 | -84.9% |
| Financial debts | 170/4 | €28,080 | €4,227 | -€23,852 | -84.9% |
| Amounts payable within one year | 42/48 | €54,573 | €60,430 | +€5,857 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €23,015 | €23,852 | +€837 | +3.6% |
| Trade debts | 44 | €18,028 | €10,355 | -€7,673 | -42.6% |
| Suppliers | 440/4 | €18,028 | €10,355 | -€7,673 | -42.6% |
| Taxes, remuneration and social security | 45 | €10,785 | €10,593 | -€192 | -1.8% |
| Taxes | 450/3 | €7,109 | €8,573 | +€1,464 | +20.6% |
| Remuneration and social security | 454/9 | €3,675 | €2,020 | -€1,656 | -45.0% |
| Other amounts payable | 47/48 | €2,745 | €15,631 | +€12,885 | +469% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €125,585 | €129,126 | +€3,540 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,697 | €15,436 | +€739 | +5.0% |
| Other operating charges | 640/8 | €2,136 | €1,517 | -€620 | -29.0% |
| Gross operating margin | 9900 | €133,677 | €175,544 | +€41,866 | +31.3% |
| Operating profit (loss) | 9901 | -€8,742 | €29,465 | +€38,207 | |
| Financial income | 75/76B | €2,177 | €1,694 | -€484 | -22.2% |
| Recurring financial income | 75 | €2,177 | €1,694 | -€484 | -22.2% |
| Financial charges | 65/66B | €2,363 | €1,840 | -€523 | -22.1% |
| Recurring financial charges | 65 | €2,363 | €1,840 | -€523 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,927 | €29,319 | +€38,247 | |
| Income taxes | 67/77 | €705 | €11,019 | +€10,314 | +1,462% |
| Profit (loss) for the period | 9904 | -€9,633 | €18,300 | +€27,933 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,633 | €18,300 | +€27,933 |
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 19 October 2026 via checked.be.