Vitrerie Philippe: 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.
Vitrerie Philippe
Largest movements
- Cash +€322,737
up €322,737 (+107%), from €302,042 to €624,779
mainly Current investments (+€300,000) and Other debts (+€166,430)
- Current investments -€300,000
down €300,000 (-85.7%), from €350,000 to €50,000
- Receivables within one year -€92,353
down €92,353 (-36.1%), from €255,960 to €163,607
of which Trade receivables: -€87,038
- Tangible fixed assets +€14,369
up €14,369 (+8.5%), from €169,374 to €183,744
of which Land and buildings: +€50,775
- Reserves -€178,000
down €178,000 (-27.1%), from €657,877 to €479,877
of which Distributable reserves: -€178,000
- Other debts +€166,430
up €166,430 (+94,563%), from €176 to €166,606
- Profit (loss) carried forward -€30,648
down €30,648 (-40.4%), from €75,928 to €45,280
- Tax, wage and social debts -€13,808
down €13,808 (-32.8%), from €42,127 to €28,319
of which Taxes: -€10,783
- Gross operating margin -€110,376
down €110,376 (-24.6%), from €448,008 to €337,631
- Taxes -€27,522
down €27,522 (-98.4%), from €27,977 to €455
- Depreciation +€25,878
up €25,878 (+222%), from €11,645 to €37,523
- Staff costs -€13,852
down €13,852 (-4.1%), from €334,034 to €320,182
- Other operating charges -€5,913
down €5,913 (-42.2%), from €14,017 to €8,104
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 | €1,125,458 | €1,075,834 | -€49,624 | -4.4% |
| Fixed assets | 21/28 | €169,374 | €183,744 | +€14,369 | +8.5% |
| Tangible fixed assets | 22/27 | €169,374 | €183,744 | +€14,369 | +8.5% |
| Land and buildings | 22 | - | €50,775 | +€50,775 | |
| Furniture and vehicles | 24 | €169,374 | €132,969 | -€36,406 | -21.5% |
| Current assets | 29/58 | €956,084 | €892,091 | -€63,993 | -6.7% |
| Stocks and contracts in progress | 3 | €42,846 | €42,457 | -€390 | -0.9% |
| Stocks | 30/36 | €42,846 | €42,457 | -€390 | -0.9% |
| Amounts receivable within one year | 40/41 | €255,960 | €163,607 | -€92,353 | -36.1% |
| Trade receivables | 40 | €229,242 | €142,204 | -€87,038 | -38.0% |
| Other amounts receivable | 41 | €26,718 | €21,403 | -€5,315 | -19.9% |
| Current investments | 50/53 | €350,000 | €50,000 | -€300,000 | -85.7% |
| Cash at bank and in hand | 54/58 | €302,042 | €624,779 | +€322,737 | +107% |
| Deferred charges and accrued income | 490/1 | €5,236 | €11,248 | +€6,012 | +115% |
| Total equity and liabilities | 10/49 | €1,125,458 | €1,075,834 | -€49,624 | -4.4% |
| Equity | 10/15 | €944,698 | €736,050 | -€208,648 | -22.1% |
| Contributions | 10/11 | €210,894 | €210,894 | = | 0.0% |
| Capital | 10 | €210,894 | €210,894 | = | 0.0% |
| Issued capital | 100 | €210,894 | €210,894 | = | 0.0% |
| Reserves | 13 | €657,877 | €479,877 | -€178,000 | -27.1% |
| Non-distributable reserves | 130/1 | €74,789 | €74,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Own shares acquired | 1312 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €583,088 | €405,088 | -€178,000 | -30.5% |
| Profit (loss) carried forward | 14 | €75,928 | €45,280 | -€30,648 | -40.4% |
| Amounts payable | 17/49 | €180,760 | €339,784 | +€159,024 | +88.0% |
| Amounts payable after more than one year | 17 | €98,961 | €100,507 | +€1,546 | +1.6% |
| Financial debts | 170/4 | €98,961 | €100,507 | +€1,546 | +1.6% |
| Amounts payable within one year | 42/48 | €81,446 | €238,745 | +€157,299 | +193% |
| Current portion of amounts payable after more than one year | 42 | €29,279 | €37,846 | +€8,567 | +29.3% |
| Trade debts | 44 | €9,865 | €5,975 | -€3,890 | -39.4% |
| Suppliers | 440/4 | €9,865 | €5,975 | -€3,890 | -39.4% |
| Taxes, remuneration and social security | 45 | €42,127 | €28,319 | -€13,808 | -32.8% |
| Taxes | 450/3 | €22,353 | €11,570 | -€10,783 | -48.2% |
| Remuneration and social security | 454/9 | €19,773 | €16,749 | -€3,024 | -15.3% |
| Other amounts payable | 47/48 | €176 | €166,606 | +€166,430 | +94,563% |
| Accrued charges and deferred income | 492/3 | €352 | €531 | +€179 | +50.9% |
| Non-recurring operating income | 76A | €40,688 | €200 | -€40,488 | -99.5% |
| Remuneration, social security and pensions | 62 | €334,034 | €320,182 | -€13,852 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,645 | €37,523 | +€25,878 | +222% |
| Other operating charges | 640/8 | €14,017 | €8,104 | -€5,913 | -42.2% |
| Non-recurring operating charges | 66A | €1,236 | €7,144 | +€5,908 | +478% |
| Gross operating margin | 9900 | €448,008 | €337,631 | -€110,376 | -24.6% |
| Operating profit (loss) | 9901 | €87,076 | -€35,322 | -€122,398 | |
| Financial income | 75/76B | €14,339 | €12,365 | -€1,973 | -13.8% |
| Recurring financial income | 75 | €14,339 | €12,365 | -€1,973 | -13.8% |
| Financial charges | 65/66B | €4,964 | €7,236 | +€2,272 | +45.8% |
| Recurring financial charges | 65 | €4,964 | €7,236 | +€2,272 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €96,451 | -€30,192 | -€126,643 | |
| Income taxes | 67/77 | €27,977 | €455 | -€27,522 | -98.4% |
| Profit (loss) for the period | 9904 | €68,473 | -€30,648 | -€99,121 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,473 | -€30,648 | -€99,121 |
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 20 October 2026 via checked.be.