PHILCA: 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.
PHILCA
Largest movements
- Tangible fixed assets -€10,720
down €10,720 (-6.6%), from €163,480 to €152,760
of which Land and buildings: -€10,720
- Debts after one year -€19,783
down €19,783 (-21.7%), from €91,311 to €71,528
- Profit (loss) carried forward +€9,408
up €9,408 (+60.3%), from €15,599 to €25,007
- Financial charges -€3,669
down €3,669 (-37.3%), from €9,831 to €6,163
- Other operating charges -€2,011
down €2,011 (-39.7%), from €5,063 to €3,052
- Gross operating margin -€1,355
down €1,355 (-4.4%), from €30,695 to €29,340
- Depreciation -€379
down €379 (-3.4%), from €11,099 to €10,720
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 | €241,023 | €230,224 | -€10,799 | -4.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €238,416 | €227,696 | -€10,720 | -4.5% |
| Intangible fixed assets | 21 | €74,331 | €74,331 | = | 0.0% |
| Tangible fixed assets | 22/27 | €163,480 | €152,760 | -€10,720 | -6.6% |
| Land and buildings | 22 | €163,480 | €152,760 | -€10,720 | -6.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €605 | €605 | = | 0.0% |
| Current assets | 29/58 | €2,607 | €2,528 | -€79 | -3.0% |
| Stocks and contracts in progress | 3 | €1,330 | €1,258 | -€72 | -5.4% |
| Stocks | 30/36 | €1,330 | €1,258 | -€72 | -5.4% |
| Amounts receivable within one year | 40/41 | €239 | €124 | -€115 | -48.1% |
| Trade receivables | 40 | €239 | €124 | -€115 | -48.1% |
| Cash at bank and in hand | 54/58 | €410 | €540 | +€130 | +31.6% |
| Deferred charges and accrued income | 490/1 | €627 | €606 | -€22 | -3.5% |
| Total equity and liabilities | 10/49 | €241,023 | €230,224 | -€10,799 | -4.5% |
| Equity | 10/15 | €45,595 | €55,003 | +€9,408 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,396 | €11,396 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €6,396 | €6,396 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,599 | €25,007 | +€9,408 | +60.3% |
| Amounts payable | 17/49 | €195,429 | €175,222 | -€20,207 | -10.3% |
| Amounts payable after more than one year | 17 | €91,311 | €71,528 | -€19,783 | -21.7% |
| Financial debts | 170/4 | €91,311 | €71,528 | -€19,783 | -21.7% |
| Amounts payable within one year | 42/48 | €104,117 | €103,693 | -€424 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €24,604 | €22,956 | -€1,648 | -6.7% |
| Trade debts | 44 | €1,403 | €1,616 | +€212 | +15.1% |
| Suppliers | 440/4 | €1,403 | €1,616 | +€212 | +15.1% |
| Taxes, remuneration and social security | 45 | €2,714 | €1,355 | -€1,359 | -50.1% |
| Taxes | 450/3 | €2,714 | €1,355 | -€1,359 | -50.1% |
| Other amounts payable | 47/48 | €75,395 | €77,767 | +€2,371 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,099 | €10,720 | -€379 | -3.4% |
| Other operating charges | 640/8 | €5,063 | €3,052 | -€2,011 | -39.7% |
| Gross operating margin | 9900 | €30,695 | €29,340 | -€1,355 | -4.4% |
| Operating profit (loss) | 9901 | €14,534 | €15,568 | +€1,035 | +7.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €9,831 | €6,163 | -€3,669 | -37.3% |
| Recurring financial charges | 65 | €9,831 | €6,163 | -€3,669 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €4,702 | €9,408 | +€4,706 | +100.1% |
| Profit (loss) for the period | 9904 | €4,702 | €9,408 | +€4,706 | +100.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,702 | €9,408 | +€4,706 | +100.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.