Philco: 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.
Philco
Largest movements
- Tangible fixed assets -€142,733
down €142,733 (-9.5%), from €1.5m to €1.4m
of which Land and buildings: -€135,182
- Profit (loss) carried forward -€245,043
down €245,043 (-20.8%), from -€1.2m to -€1.4m
- Current portion of long-term debt +€102,000
up €102,000 (+4.0%), from €2.5m to €2.6m
- Depreciation +€15,737
up €15,737 (+12.3%), from €128,235 to €143,971
- Other operating charges +€8,797
up €8,797 (+93.5%), from €9,409 to €18,206
- Gross operating margin +€8,012
up €8,012 (+27.2%), from €29,443 to €37,454
- Financial charges +€2,128
up €2,128 (+4.2%), from €50,360 to €52,487
- Staff costs +€922
up €922 (+1.4%), from €67,211 to €68,133
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 | €1,520,778 | €1,376,475 | -€144,303 | -9.5% |
| Fixed assets | 21/28 | €1,508,577 | €1,365,845 | -€142,733 | -9.5% |
| Tangible fixed assets | 22/27 | €1,508,577 | €1,365,845 | -€142,733 | -9.5% |
| Land and buildings | 22 | €1,489,583 | €1,354,401 | -€135,182 | -9.1% |
| Furniture and vehicles | 24 | €18,994 | €11,444 | -€7,551 | -39.8% |
| Current assets | 29/58 | €12,200 | €10,630 | -€1,570 | -12.9% |
| Amounts receivable within one year | 40/41 | €1,729 | €1,663 | -€66 | -3.8% |
| Other amounts receivable | 41 | €1,729 | €1,663 | -€66 | -3.8% |
| Cash at bank and in hand | 54/58 | €9,972 | €8,384 | -€1,588 | -15.9% |
| Deferred charges and accrued income | 490/1 | €500 | €583 | +€83 | +16.7% |
| Total equity and liabilities | 10/49 | €1,520,778 | €1,376,475 | -€144,303 | -9.5% |
| Equity | 10/15 | -€1,091,876 | -€1,336,918 | -€245,043 | -22.4% |
| Contributions | 10/11 | €66,931 | €66,931 | = | 0.0% |
| Capital | 10 | €66,931 | €66,931 | = | 0.0% |
| Issued capital | 100 | €66,931 | €66,931 | = | 0.0% |
| Reserves | 13 | €19,088 | €19,088 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,088 | €19,088 | = | 0.0% |
| Legal reserve | 130 | €19,088 | €19,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,177,895 | -€1,422,937 | -€245,043 | -20.8% |
| Amounts payable | 17/49 | €2,612,653 | €2,713,393 | +€100,740 | +3.9% |
| Amounts payable after more than one year | 17 | €20,530 | €20,010 | -€520 | -2.5% |
| Other amounts payable | 178/9 | €20,530 | €20,010 | -€520 | -2.5% |
| Amounts payable within one year | 42/48 | €2,540,314 | €2,640,242 | +€99,928 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €2,530,984 | €2,632,984 | +€102,000 | +4.0% |
| Trade debts | 44 | €3,104 | €2,079 | -€1,024 | -33.0% |
| Suppliers | 440/4 | €3,104 | €2,079 | -€1,024 | -33.0% |
| Taxes, remuneration and social security | 45 | €6,227 | €5,179 | -€1,048 | -16.8% |
| Remuneration and social security | 454/9 | €6,227 | €5,179 | -€1,048 | -16.8% |
| Accrued charges and deferred income | 492/3 | €51,809 | €53,141 | +€1,332 | +2.6% |
| Remuneration, social security and pensions | 62 | €67,211 | €68,133 | +€922 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,235 | €143,971 | +€15,737 | +12.3% |
| Other operating charges | 640/8 | €9,409 | €18,206 | +€8,797 | +93.5% |
| Non-recurring operating charges | 66A | €9,898 | - | -€9,898 | |
| Gross operating margin | 9900 | €29,443 | €37,454 | +€8,012 | +27.2% |
| Operating profit (loss) | 9901 | -€185,309 | -€192,855 | -€7,546 | -4.1% |
| Financial charges | 65/66B | €50,360 | €52,487 | +€2,128 | +4.2% |
| Recurring financial charges | 65 | €50,360 | €52,487 | +€2,128 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€235,669 | -€245,343 | -€9,674 | -4.1% |
| Income taxes | 67/77 | -€523 | -€300 | +€223 | +42.6% |
| Profit (loss) for the period | 9904 | -€235,146 | -€245,043 | -€9,896 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€235,146 | -€245,043 | -€9,896 | -4.2% |
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 8 October 2026 via checked.be.