Etablissements 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.
Etablissements PHILIPPE
Largest movements
- Cash +€97,678
up €97,678 (+1,564%), from €6,247 to €103,925
mainly Trade debts (+€58,710) and Net result for the year (+€26,300)
- Receivables within one year -€19,002
down €19,002 (-7.0%), from €271,302 to €252,300
of which Trade receivables: -€23,891
- Trade debts +€58,710
up €58,710 (+31.6%), from €185,586 to €244,296
- Profit (loss) carried forward +€26,300
up €26,300 (+39.7%), from €66,257 to €92,557
- Other debts -€15,418
down €15,418 (-94.3%), from €16,356 to €938
- Tax, wage and social debts +€6,280
up €6,280 (+16.5%), from €38,150 to €44,430
of which Remuneration and social security: +€9,916
- Staff costs +€15,302
up €15,302 (+11.1%), from €138,332 to €153,634
- Other operating charges +€4,703
up €4,703 (+411%), from €1,143 to €5,847
- Taxes -€3,878
down €3,878 (-31.5%), from €12,307 to €8,429
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 | €497,613 | €570,781 | +€73,168 | +14.7% |
| Fixed assets | 21/28 | €21,763 | €20,772 | -€991 | -4.6% |
| Tangible fixed assets | 22/27 | €21,263 | €20,272 | -€991 | -4.7% |
| Land and buildings | 22 | €11,488 | €9,443 | -€2,045 | -17.8% |
| Plant, machinery and equipment | 23 | €2,831 | €1,912 | -€919 | -32.5% |
| Furniture and vehicles | 24 | €6,944 | €8,917 | +€1,972 | +28.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €475,850 | €550,009 | +€74,159 | +15.6% |
| Stocks and contracts in progress | 3 | €195,328 | €192,509 | -€2,819 | -1.4% |
| Stocks | 30/36 | €195,328 | €192,509 | -€2,819 | -1.4% |
| Amounts receivable within one year | 40/41 | €271,302 | €252,300 | -€19,002 | -7.0% |
| Trade receivables | 40 | €271,032 | €247,141 | -€23,891 | -8.8% |
| Other amounts receivable | 41 | €271 | €5,160 | +€4,889 | +1,808% |
| Cash at bank and in hand | 54/58 | €6,247 | €103,925 | +€97,678 | +1,564% |
| Deferred charges and accrued income | 490/1 | €2,972 | €1,274 | -€1,697 | -57.1% |
| Total equity and liabilities | 10/49 | €497,613 | €570,781 | +€73,168 | +14.7% |
| Equity | 10/15 | €249,122 | €275,422 | +€26,300 | +10.6% |
| Contributions | 10/11 | €136,179 | €136,179 | = | 0.0% |
| Revaluation surpluses | 12 | €1,320 | €1,320 | = | 0.0% |
| Reserves | 13 | €45,366 | €45,366 | = | 0.0% |
| Distributable reserves | 133 | €45,366 | €45,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,257 | €92,557 | +€26,300 | +39.7% |
| Amounts payable | 17/49 | €248,491 | €295,359 | +€46,868 | +18.9% |
| Amounts payable after more than one year | 17 | €5,695 | €2,897 | -€2,799 | -49.1% |
| Financial debts | 170/4 | €5,695 | €2,897 | -€2,799 | -49.1% |
| Amounts payable within one year | 42/48 | €242,796 | €292,463 | +€49,667 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €2,704 | €2,799 | +€95 | +3.5% |
| Trade debts | 44 | €185,586 | €244,296 | +€58,710 | +31.6% |
| Suppliers | 440/4 | €185,586 | €244,296 | +€58,710 | +31.6% |
| Taxes, remuneration and social security | 45 | €38,150 | €44,430 | +€6,280 | +16.5% |
| Taxes | 450/3 | €20,578 | €16,943 | -€3,636 | -17.7% |
| Remuneration and social security | 454/9 | €17,572 | €27,488 | +€9,916 | +56.4% |
| Other amounts payable | 47/48 | €16,356 | €938 | -€15,418 | -94.3% |
| Non-recurring operating income | 76A | €7,890 | €5,921 | -€1,969 | -25.0% |
| Remuneration, social security and pensions | 62 | €138,332 | €153,634 | +€15,302 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,859 | €5,635 | +€776 | +16.0% |
| Other operating charges | 640/8 | €1,143 | €5,847 | +€4,703 | +411% |
| Gross operating margin | 9900 | €201,143 | €202,344 | +€1,201 | +0.6% |
| Operating profit (loss) | 9901 | €56,809 | €37,229 | -€19,580 | -34.5% |
| Financial income | 75/76B | €7 | €55 | +€48 | +645% |
| Recurring financial income | 75 | €7 | €55 | +€48 | +645% |
| Financial charges | 65/66B | €2,631 | €2,555 | -€76 | -2.9% |
| Recurring financial charges | 65 | €2,631 | €2,555 | -€76 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €54,186 | €34,729 | -€19,456 | -35.9% |
| Income taxes | 67/77 | €12,307 | €8,429 | -€3,878 | -31.5% |
| Profit (loss) for the period | 9904 | €41,879 | €26,300 | -€15,579 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,879 | €26,300 | -€15,579 | -37.2% |
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 31 October 2026 via checked.be.