Home Philippe: what changed
Two fiscal 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.
Home Philippe
Largest movements
- Tangible fixed assets +€204,549
up €204,549 (+8.3%), from €2.5m to €2.7m
of which Land and buildings: +€134,259
- Receivables within one year -€200,555
down €200,555 (-70.8%), from €283,277 to €82,722
of which Other amounts receivable: -€201,082
- Cash +€162,845
up €162,845 (+18.9%), from €862,998 to €1.0m
mainly Receivables within one year (+€200,555) and Depreciation (+€178,153)
- Current investments -€97,671
down €97,671 (-22.2%), from €439,536 to €341,865
- Accrued charges and deferred income -€171,588
down €171,588 (-93.3%), from €183,948 to €12,360
- Profit (loss) carried forward +€120,367
up €120,367 (+21.1%), from €570,141 to €690,508
- Debts after one year +€61,437
up €61,437 (+8.7%), from €708,202 to €769,639
- Gross operating margin +€194,449
up €194,449 (+7.8%), from €2.5m to €2.7m
- Staff costs +€119,435
up €119,435 (+5.8%), from €2.1m to €2.2m
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 | €4,063,822 | €4,128,537 | +€64,715 | +1.6% |
| Fixed assets | 21/28 | €2,454,589 | €2,659,138 | +€204,549 | +8.3% |
| Tangible fixed assets | 22/27 | €2,454,189 | €2,658,738 | +€204,549 | +8.3% |
| Land and buildings | 22 | €2,378,065 | €2,512,324 | +€134,259 | +5.6% |
| Plant, machinery and equipment | 23 | €61,545 | €63,689 | +€2,144 | +3.5% |
| Furniture and vehicles | 24 | €14,579 | €82,725 | +€68,146 | +467.4% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €1,609,233 | €1,469,399 | -€139,834 | -8.7% |
| Amounts receivable within one year | 40/41 | €283,277 | €82,722 | -€200,555 | -70.8% |
| Trade receivables | 40 | €545 | €1,072 | +€527 | +96.7% |
| Other amounts receivable | 41 | €282,732 | €81,650 | -€201,082 | -71.1% |
| Current investments | 50/53 | €439,536 | €341,865 | -€97,671 | -22.2% |
| Cash at bank and in hand | 54/58 | €862,998 | €1,025,843 | +€162,845 | +18.9% |
| Deferred charges and accrued income | 490/1 | €23,422 | €18,969 | -€4,453 | -19.0% |
| Total equity and liabilities | 10/49 | €4,063,822 | €4,128,537 | +€64,715 | +1.6% |
| Equity | 10/15 | €2,660,760 | €2,828,476 | +€167,716 | +6.3% |
| Contributions | 10/11 | €1,079,882 | €1,119,882 | +€40,000 | +3.7% |
| Capital | 10 | €1,079,882 | €1,119,882 | +€40,000 | +3.7% |
| Reserves | 13 | €551,717 | €551,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | €570,141 | €690,508 | +€120,367 | +21.1% |
| Investment grants | 15 | €459,020 | €466,369 | +€7,349 | +1.6% |
| Amounts payable | 17/49 | €1,403,062 | €1,300,061 | -€103,001 | -7.3% |
| Amounts payable after more than one year | 17 | €708,202 | €769,639 | +€61,437 | +8.7% |
| Financial debts | 170/4 | €708,202 | €769,639 | +€61,437 | +8.7% |
| Amounts payable within one year | 42/48 | €510,912 | €518,062 | +€7,150 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €53,638 | €82,741 | +€29,103 | +54.3% |
| Trade debts | 44 | €31,775 | €43,181 | +€11,406 | +35.9% |
| Suppliers | 440/4 | €31,775 | €43,181 | +€11,406 | +35.9% |
| Taxes, remuneration and social security | 45 | €297,052 | €289,906 | -€7,146 | -2.4% |
| Taxes | 450/3 | €20,750 | €20,950 | +€200 | +1.0% |
| Remuneration and social security | 454/9 | €276,302 | €268,956 | -€7,346 | -2.7% |
| Accrued charges and deferred income | 492/3 | €183,948 | €12,360 | -€171,588 | -93.3% |
| Non-recurring operating income | 76A | €22,200 | €1,300 | -€20,900 | -94.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €358,211 | €357,444 | -€767 | -0.2% |
| Remuneration, social security and pensions | 62 | €2,076,327 | €2,195,762 | +€119,435 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,411 | €178,153 | +€15,742 | +9.7% |
| Other operating charges | 640/8 | €222,934 | €235,082 | +€12,148 | +5.4% |
| Gross operating margin | 9900 | €2,508,501 | €2,702,950 | +€194,449 | +7.8% |
| Operating profit (loss) | 9901 | €46,829 | €93,953 | +€47,124 | +100.6% |
| Financial income | 75/76B | €41,728 | €36,456 | -€5,272 | -12.6% |
| Recurring financial income | 75 | €41,728 | €34,127 | -€7,601 | -18.2% |
| Non-recurring financial income | 76B | - | €2,329 | +€2,329 | |
| Financial charges | 65/66B | €10,591 | €10,041 | -€550 | -5.2% |
| Recurring financial charges | 65 | €10,591 | €10,041 | -€550 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €77,966 | €120,368 | +€42,402 | +54.4% |
| Profit (loss) for the period | 9904 | €77,966 | €120,368 | +€42,402 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,966 | €120,368 | +€42,402 | +54.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.