PHILIM: 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.
What changed
PHILIM
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€109,045
2024 · -€63,026-€46,018
Equity
-€590,125
2024 · -€481,081-€109,045
Cash
€99,547
2024 · €87,370+€12,177
Balance sheet total
€5.3m
2024 · €5.6m-€287,995
Largest movements
Assets
- Tangible fixed assets -€229,764
down €229,764 (-4.2%), from €5.4m to €5.2m
- Receivables within one year -€71,137
down €71,137 (-79.4%), from €89,638 to €18,502
of which Other amounts receivable: -€36,128
Equity and liabilities
- Profit (loss) carried forward -€109,045
down €109,045 (-10.5%), from -€1.0m to -€1.1m
- Debts after one year -€95,303
down €95,303 (-2.0%), from €4.7m to €4.6m
of which Financial debts: -€409,876
Income statement
- Gross operating margin -€58,072
down €58,072 (-15.6%), from €371,419 to €313,347
- Financial charges -€12,466
down €12,466 (-7.7%), from €162,263 to €149,797
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.
Result 2024
-€63,026
Gross operating margin
-€58,072
Depreciation
-€762
Other operating charges
+€3,120
Financial income
-€2,770
Financial charges
+€12,466
Taxes
+€0
Result 2025
-€109,045
raises the resultlowers the result
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.
From operations
+€135,042
Investment
€0
Financing
-€122,865
Cash 2024
€87,370
From operations (derived)
+€135,042
Net result for the year
-€109,045
Depreciation
+€229,764
Receivables within one year
+€71,137
Deferred charges and accrued income
-€730
Trade debts
-€33,724
Tax, wage and social debts
+€1,612
Accrued charges and deferred income
-€23,973
Financing
-€122,865
Debts after one year
-€95,303
Current portion of long-term debt
-€27,562
Cash 2025
€99,547
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,587,390 | €5,299,395 | -€287,995 | -5.2% |
| Fixed assets | 21/28 | €5,410,058 | €5,180,293 | -€229,764 | -4.2% |
| Tangible fixed assets | 22/27 | €5,410,058 | €5,180,293 | -€229,764 | -4.2% |
| Land and buildings | 22 | €5,410,058 | €5,180,293 | -€229,764 | -4.2% |
| Current assets | 29/58 | €177,332 | €119,101 | -€58,230 | -32.8% |
| Amounts receivable within one year | 40/41 | €89,638 | €18,502 | -€71,137 | -79.4% |
| Trade receivables | 40 | €53,510 | €18,502 | -€35,008 | -65.4% |
| Other amounts receivable | 41 | €36,128 | €0 | -€36,128 | -100% |
| Cash at bank and in hand | 54/58 | €87,370 | €99,547 | +€12,177 | +13.9% |
| Deferred charges and accrued income | 490/1 | €323 | €1,053 | +€730 | +226% |
| Total equity and liabilities | 10/49 | €5,587,390 | €5,299,395 | -€287,995 | -5.2% |
| Equity | 10/15 | -€481,081 | -€590,125 | -€109,045 | -22.7% |
| Contributions | 10/11 | €210,710 | €210,710 | = | 0.0% |
| Capital | 10 | €210,710 | €210,710 | = | 0.0% |
| Issued capital | 100 | €210,710 | €210,710 | = | 0.0% |
| Reserves | 13 | €349,071 | €349,071 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,071 | €21,071 | = | 0.0% |
| Legal reserve | 130 | €21,071 | €21,071 | = | 0.0% |
| Distributable reserves | 133 | €328,000 | €328,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,040,861 | -€1,149,906 | -€109,045 | -10.5% |
| Amounts payable | 17/49 | €6,068,470 | €5,889,520 | -€178,950 | -2.9% |
| Amounts payable after more than one year | 17 | €4,677,524 | €4,582,221 | -€95,303 | -2.0% |
| Financial debts | 170/4 | €2,888,820 | €2,478,944 | -€409,876 | -14.2% |
| Other amounts payable | 178/9 | €1,788,704 | €2,103,277 | +€314,573 | +17.6% |
| Amounts payable within one year | 42/48 | €1,364,695 | €1,305,022 | -€59,673 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €437,438 | €409,876 | -€27,562 | -6.3% |
| Financial debts | 43 | €867,627 | €867,627 | = | 0.0% |
| Credit institutions | 430/8 | €867,627 | €867,627 | = | 0.0% |
| Trade debts | 44 | €46,016 | €12,293 | -€33,724 | -73.3% |
| Suppliers | 440/4 | €46,016 | €12,293 | -€33,724 | -73.3% |
| Taxes, remuneration and social security | 45 | €13,613 | €15,226 | +€1,612 | +11.8% |
| Taxes | 450/3 | €13,613 | €15,226 | +€1,612 | +11.8% |
| Accrued charges and deferred income | 492/3 | €26,251 | €2,278 | -€23,973 | -91.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,002 | €229,764 | +€762 | +0.3% |
| Other operating charges | 640/8 | €45,951 | €42,830 | -€3,120 | -6.8% |
| Gross operating margin | 9900 | €371,419 | €313,347 | -€58,072 | -15.6% |
| Operating profit (loss) | 9901 | €96,466 | €40,752 | -€55,714 | -57.8% |
| Financial income | 75/76B | €2,770 | €0 | -€2,770 | -100% |
| Recurring financial income | 75 | €2,770 | €0 | -€2,770 | -100% |
| Financial charges | 65/66B | €162,263 | €149,797 | -€12,466 | -7.7% |
| Recurring financial charges | 65 | €162,263 | €149,797 | -€12,466 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€63,026 | -€109,045 | -€46,018 | -73.0% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period | 9904 | -€63,026 | -€109,045 | -€46,018 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,026 | -€109,045 | -€46,018 | -73.0% |
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 14 October 2026 via checked.be.