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
- Cash +€56,622
up €56,622 (+52.5%), from €107,840 to €164,462
mainly Net result for the year (+€44,955) and Receivables within one year (+€9,409)
- Receivables within one year -€9,409
down €9,409 (-29.5%), from €31,921 to €22,512
of which Trade receivables: -€19,842
- Tangible fixed assets -€7,306
down €7,306 (-53.8%), from €13,571 to €6,265
- Reserves +€44,955
up €44,955 (+37.1%), from €121,288 to €166,243
- Debts after one year -€5,659
down €5,659 (-100.0%), from €5,659 to €0
- Gross operating margin -€2,295
down €2,295 (-2.8%), from €80,669 to €78,374
- Taxes -€1,171
down €1,171 (-4.6%), from €25,691 to €24,519
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 | €153,428 | €193,338 | +€39,910 | +26.0% |
| Fixed assets | 21/28 | €13,571 | €6,265 | -€7,306 | -53.8% |
| Tangible fixed assets | 22/27 | €13,571 | €6,265 | -€7,306 | -53.8% |
| Furniture and vehicles | 24 | €13,571 | €6,265 | -€7,306 | -53.8% |
| Current assets | 29/58 | €139,858 | €187,073 | +€47,216 | +33.8% |
| Amounts receivable within one year | 40/41 | €31,921 | €22,512 | -€9,409 | -29.5% |
| Trade receivables | 40 | €30,949 | €11,108 | -€19,842 | -64.1% |
| Other amounts receivable | 41 | €972 | €11,404 | +€10,432 | +1073.2% |
| Cash at bank and in hand | 54/58 | €107,840 | €164,462 | +€56,622 | +52.5% |
| Deferred charges and accrued income | 490/1 | €96 | €99 | +€3 | +3.1% |
| Total equity and liabilities | 10/49 | €153,428 | €193,338 | +€39,910 | +26.0% |
| Equity | 10/15 | €127,795 | €172,750 | +€44,955 | +35.2% |
| Contributions | 10/11 | €6,507 | €6,507 | = | 0.0% |
| Reserves | 13 | €121,288 | €166,243 | +€44,955 | +37.1% |
| Distributable reserves | 133 | €121,288 | €166,243 | +€44,955 | +37.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €25,633 | €20,588 | -€5,045 | -19.7% |
| Amounts payable after more than one year | 17 | €5,659 | €0 | -€5,659 | -100.0% |
| Financial debts | 170/4 | €5,659 | €0 | -€5,659 | -100.0% |
| Amounts payable within one year | 42/48 | €19,974 | €20,588 | +€614 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €6,711 | €5,659 | -€1,052 | -15.7% |
| Trade debts | 44 | €536 | €507 | -€28 | -5.3% |
| Suppliers | 440/4 | €536 | €507 | -€28 | -5.3% |
| Taxes, remuneration and social security | 45 | €12,728 | €14,422 | +€1,694 | +13.3% |
| Taxes | 450/3 | €12,728 | €14,422 | +€1,694 | +13.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,306 | €7,306 | = | 0.0% |
| Other operating charges | 640/8 | €1,548 | €998 | -€550 | -35.5% |
| Gross operating margin | 9900 | €80,669 | €78,374 | -€2,295 | -2.8% |
| Operating profit (loss) | 9901 | €71,815 | €70,071 | -€1,745 | -2.4% |
| Financial income | 75/76B | €4 | €3 | -€0 | -8.3% |
| Recurring financial income | 75 | €4 | €3 | -€0 | -8.3% |
| Financial charges | 65/66B | €699 | €599 | -€100 | -14.3% |
| Recurring financial charges | 65 | €699 | €599 | -€100 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €71,119 | €69,474 | -€1,645 | -2.3% |
| Income taxes | 67/77 | €25,691 | €24,519 | -€1,171 | -4.6% |
| Profit (loss) for the period | 9904 | €45,429 | €44,955 | -€474 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,429 | €44,955 | -€474 | -1.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.