PHIL - TRADE: 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.
PHIL - TRADE
Largest movements
- Cash -€119,624
down €119,624 (-34.3%), from €348,935 to €229,312
mainly Tax, wage and social debts (-€178,085) and Net result for the year (-€51,317)
- Current investments -€87,385
down €87,385 (-10.7%), from €817,402 to €730,017
- Tangible fixed assets -€32,068
down €32,068 (-6.0%), from €531,261 to €499,192
of which Land and buildings: -€19,812
- Tax, wage and social debts -€178,085
down €178,085 (-100.0%), from €178,085 to €0
- Reserves -€51,317
down €51,317 (-4.5%), from €1.1m to €1.1m
- Financial charges +€75,344
up €75,344 (+354.5%), from €21,253 to €96,598
- Financial income -€8,591
down €8,591 (-10.1%), from €85,471 to €76,880
- Taxes -€5,416
down €5,416 (-34.9%), from €15,530 to €10,114
- Gross operating margin +€1,108
up €1,108 (+7.9%), from €13,999 to €15,107
- Depreciation +€234
up €234 (+0.7%), from €31,834 to €32,068
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 | €1,699,691 | €1,466,509 | -€233,182 | -13.7% |
| Fixed assets | 21/28 | €531,261 | €499,192 | -€32,068 | -6.0% |
| Tangible fixed assets | 22/27 | €531,261 | €499,192 | -€32,068 | -6.0% |
| Land and buildings | 22 | €514,496 | €494,684 | -€19,812 | -3.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €16,765 | €4,508 | -€12,256 | -73.1% |
| Current assets | 29/58 | €1,168,430 | €967,317 | -€201,113 | -17.2% |
| Amounts receivable within one year | 40/41 | €165 | €5,846 | +€5,681 | +3438.6% |
| Trade receivables | 40 | €165 | - | -€165 | |
| Other amounts receivable | 41 | - | €5,846 | +€5,846 | |
| Current investments | 50/53 | €817,402 | €730,017 | -€87,385 | -10.7% |
| Cash at bank and in hand | 54/58 | €348,935 | €229,312 | -€119,624 | -34.3% |
| Deferred charges and accrued income | 490/1 | €1,928 | €2,142 | +€215 | +11.1% |
| Total equity and liabilities | 10/49 | €1,699,691 | €1,466,509 | -€233,182 | -13.7% |
| Equity | 10/15 | €1,155,687 | €1,104,370 | -€51,317 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,137,087 | €1,085,770 | -€51,317 | -4.5% |
| Distributable reserves | 133 | €1,137,087 | €1,085,770 | -€51,317 | -4.5% |
| Amounts payable | 17/49 | €544,004 | €362,139 | -€181,865 | -33.4% |
| Amounts payable within one year | 42/48 | €544,004 | €362,139 | -€181,865 | -33.4% |
| Taxes, remuneration and social security | 45 | €178,085 | €0 | -€178,085 | -100.0% |
| Taxes | 450/3 | €178,085 | €0 | -€178,085 | -100.0% |
| Other amounts payable | 47/48 | €365,919 | €362,139 | -€3,780 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,834 | €32,068 | +€234 | +0.7% |
| Other operating charges | 640/8 | €4,387 | €4,524 | +€137 | +3.1% |
| Gross operating margin | 9900 | €13,999 | €15,107 | +€1,108 | +7.9% |
| Operating profit (loss) | 9901 | -€22,222 | -€21,485 | +€737 | +3.3% |
| Financial income | 75/76B | €85,471 | €76,880 | -€8,591 | -10.1% |
| Recurring financial income | 75 | €85,471 | €76,880 | -€8,591 | -10.1% |
| Financial charges | 65/66B | €21,253 | €96,598 | +€75,344 | +354.5% |
| Recurring financial charges | 65 | €21,253 | €96,598 | +€75,344 | +354.5% |
| Profit (loss) for the period before taxes | 9903 | €41,995 | -€41,203 | -€83,198 | |
| Income taxes | 67/77 | €15,530 | €10,114 | -€5,416 | -34.9% |
| Profit (loss) for the period | 9904 | €26,465 | -€51,317 | -€77,782 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,465 | -€51,317 | -€77,782 |
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 5 October 2026 via checked.be.