PHILCO DESIGN: what changed
PHILCO DESIGN
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+533%), from €318,627 to €2.0m
of which Land and buildings: +€1.7m
- Cash -€136,585
down €136,585 (-72.0%), from €189,810 to €53,225
mainly Investment in fixed assets (net) (-€1.8m) and Contributions, distributions and other (-€134,552)
- Receivables within one year +€97,395
up €97,395 (+40.3%), from €241,711 to €339,106
of which Trade receivables: +€85,198
- Stocks and contracts -€30,050
down €30,050 (-15.5%), from €193,300 to €163,250
of which Contracts in progress: -€20,250
- Debts after one year +€1.7m
up €1.7m (+1,301%), from €129,587 to €1.8m
- Reserves -€101,174
down €101,174 (-30.2%), from €334,504 to €233,330
of which Distributable reserves: -€101,174
- Other debts +€71,719
up €71,719 (+43.4%), from €165,069 to €236,788
- Gross operating margin +€55,346
up €55,346 (+7.8%), from €707,864 to €763,210
- Staff costs +€42,662
up €42,662 (+8.1%), from €525,032 to €567,694
- Depreciation +€35,127
up €35,127 (+63.2%), from €55,596 to €90,723
- Financial charges +€19,123
up €19,123 (+85.0%), from €22,511 to €41,634
- Taxes -€14,996
down €14,996 (-42.5%), from €35,276 to €20,279
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €946,848 | €2,573,700 | +€1.6m | +172% |
| Fixed assets | 21/28 | €318,799 | €2,016,233 | +€1.7m | +532% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €318,627 | €2,016,062 | +€1.7m | +533% |
| Land and buildings | 22 | €127,704 | €1,862,932 | +€1.7m | +1,359% |
| Plant, machinery and equipment | 23 | €156,674 | €133,930 | -€22,744 | -14.5% |
| Furniture and vehicles | 24 | €34,249 | €19,200 | -€15,049 | -43.9% |
| Financial fixed assets | 28 | €172 | €172 | = | 0.0% |
| Current assets | 29/58 | €628,049 | €557,467 | -€70,582 | -11.2% |
| Stocks and contracts in progress | 3 | €193,300 | €163,250 | -€30,050 | -15.5% |
| Stocks | 30/36 | €108,300 | €98,500 | -€9,800 | -9.0% |
| Contracts in progress | 37 | €85,000 | €64,750 | -€20,250 | -23.8% |
| Amounts receivable within one year | 40/41 | €241,711 | €339,106 | +€97,395 | +40.3% |
| Trade receivables | 40 | €180,459 | €265,657 | +€85,198 | +47.2% |
| Other amounts receivable | 41 | €61,252 | €73,449 | +€12,197 | +19.9% |
| Cash at bank and in hand | 54/58 | €189,810 | €53,225 | -€136,585 | -72.0% |
| Deferred charges and accrued income | 490/1 | €3,228 | €1,885 | -€1,343 | -41.6% |
| Total equity and liabilities | 10/49 | €946,848 | €2,573,700 | +€1.6m | +172% |
| Equity | 10/15 | €354,504 | €253,330 | -€101,174 | -28.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €334,504 | €233,330 | -€101,174 | -30.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €332,504 | €231,330 | -€101,174 | -30.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €592,343 | €2,320,370 | +€1.7m | +292% |
| Amounts payable after more than one year | 17 | €129,587 | €1,815,105 | +€1.7m | +1,301% |
| Financial debts | 170/4 | €129,587 | €1,815,105 | +€1.7m | +1,301% |
| Amounts payable within one year | 42/48 | €462,756 | €505,266 | +€42,509 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €114,167 | €96,500 | -€17,666 | -15.5% |
| Financial debts | 43 | €2,576 | €1,729 | -€847 | -32.9% |
| Credit institutions | 430/8 | €2,576 | €1,729 | -€847 | -32.9% |
| Trade debts | 44 | €119,020 | €113,040 | -€5,979 | -5.0% |
| Suppliers | 440/4 | €119,020 | €113,040 | -€5,979 | -5.0% |
| Taxes, remuneration and social security | 45 | €61,924 | €57,207 | -€4,717 | -7.6% |
| Taxes | 450/3 | €17,904 | €11,334 | -€6,570 | -36.7% |
| Remuneration and social security | 454/9 | €44,020 | €45,873 | +€1,853 | +4.2% |
| Other amounts payable | 47/48 | €165,069 | €236,788 | +€71,719 | +43.4% |
| Non-recurring operating income | 76A | €99 | €0 | -€99 | -100% |
| Remuneration, social security and pensions | 62 | €525,032 | €567,694 | +€42,662 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,596 | €90,723 | +€35,127 | +63.2% |
| Other operating charges | 640/8 | €5,911 | €18,542 | +€12,631 | +214% |
| Non-recurring operating charges | 66A | €4,534 | €284 | -€4,251 | -93.7% |
| Gross operating margin | 9900 | €707,864 | €763,210 | +€55,346 | +7.8% |
| Operating profit (loss) | 9901 | €116,791 | €85,967 | -€30,824 | -26.4% |
| Financial income | 75/76B | €10,364 | €9,324 | -€1,040 | -10.0% |
| Recurring financial income | 75 | €10,364 | €9,324 | -€1,040 | -10.0% |
| Financial charges | 65/66B | €22,511 | €41,634 | +€19,123 | +85.0% |
| Recurring financial charges | 65 | €22,511 | €41,634 | +€19,123 | +85.0% |
| Profit (loss) for the period before taxes | 9903 | €104,644 | €53,657 | -€50,987 | -48.7% |
| Income taxes | 67/77 | €35,276 | €20,279 | -€14,996 | -42.5% |
| Profit (loss) for the period | 9904 | €69,368 | €33,377 | -€35,990 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,368 | €33,377 | -€35,990 | -51.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.