PHILCON: 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.
PHILCON
Largest movements
- Tangible fixed assets -€49,116
down €49,116 (-18.9%), from €259,352 to €210,236
of which Furniture and vehicles: -€29,553
- Cash -€31,882
down €31,882 (-94.6%), from €33,715 to €1,833
mainly Other debts (-€42,317) and Debts after one year (-€21,601)
- Other debts -€42,317
down €42,317 (-13.4%), from €316,383 to €274,066
- Debts after one year -€21,601
down €21,601 (-13.9%), from €155,301 to €133,700
- Profit (loss) carried forward -€11,669
down €11,669 (-204.4%), from -€5,709 to -€17,378
- Staff costs -€34,675
down €34,675 (-54.4%), from €63,757 to €29,082
- Gross operating margin -€27,608
down €27,608 (-26.9%), from €102,702 to €75,095
- Depreciation +€16,309
up €16,309 (+49.7%), from €32,808 to €49,116
- Taxes +€1,749
up €1,749 (+648.6%), from €270 to €2,019
- Other operating charges +€1,187
up €1,187 (+42.5%), from €2,793 to €3,980
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 | €932,363 | €848,935 | -€83,428 | -8.9% |
| Fixed assets | 21/28 | €871,888 | €822,772 | -€49,116 | -5.6% |
| Tangible fixed assets | 22/27 | €259,352 | €210,236 | -€49,116 | -18.9% |
| Land and buildings | 22 | €179,378 | €159,815 | -€19,563 | -10.9% |
| Furniture and vehicles | 24 | €30,254 | €701 | -€29,553 | -97.7% |
| Leasing and similar rights | 25 | €49,720 | €49,720 | = | 0.0% |
| Financial fixed assets | 28 | €612,536 | €612,536 | = | 0.0% |
| Current assets | 29/58 | €60,475 | €26,163 | -€34,312 | -56.7% |
| Amounts receivable within one year | 40/41 | €26,411 | €24,330 | -€2,081 | -7.9% |
| Trade receivables | 40 | €25,724 | €24,330 | -€1,394 | -5.4% |
| Other amounts receivable | 41 | €687 | - | -€687 | |
| Cash at bank and in hand | 54/58 | €33,715 | €1,833 | -€31,882 | -94.6% |
| Deferred charges and accrued income | 490/1 | €349 | - | -€349 | |
| Total equity and liabilities | 10/49 | €932,363 | €848,935 | -€83,428 | -8.9% |
| Equity | 10/15 | €422,791 | €411,122 | -€11,669 | -2.8% |
| Contributions | 10/11 | €245,000 | €245,000 | = | 0.0% |
| Reserves | 13 | €183,500 | €183,500 | = | 0.0% |
| Distributable reserves | 133 | €183,500 | €183,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,709 | -€17,378 | -€11,669 | -204.4% |
| Amounts payable | 17/49 | €509,573 | €437,813 | -€71,759 | -14.1% |
| Amounts payable after more than one year | 17 | €155,301 | €133,700 | -€21,601 | -13.9% |
| Financial debts | 170/4 | €155,301 | €133,700 | -€21,601 | -13.9% |
| Amounts payable within one year | 42/48 | €354,271 | €304,113 | -€50,158 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €21,323 | €22,042 | +€719 | +3.4% |
| Trade debts | 44 | €8,259 | €3,369 | -€4,890 | -59.2% |
| Suppliers | 440/4 | €8,259 | €3,369 | -€4,890 | -59.2% |
| Taxes, remuneration and social security | 45 | €8,307 | €4,638 | -€3,669 | -44.2% |
| Taxes | 450/3 | €1,923 | €1,691 | -€232 | -12.1% |
| Remuneration and social security | 454/9 | €6,384 | €2,947 | -€3,437 | -53.8% |
| Other amounts payable | 47/48 | €316,383 | €274,066 | -€42,317 | -13.4% |
| Non-recurring operating income | 76A | €4,824 | €30,296 | +€25,473 | +528.1% |
| Remuneration, social security and pensions | 62 | €63,757 | €29,082 | -€34,675 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,808 | €49,116 | +€16,309 | +49.7% |
| Other operating charges | 640/8 | €2,793 | €3,980 | +€1,187 | +42.5% |
| Gross operating margin | 9900 | €102,702 | €75,095 | -€27,608 | -26.9% |
| Operating profit (loss) | 9901 | €3,344 | -€7,084 | -€10,428 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,405 | €2,566 | -€839 | -24.6% |
| Recurring financial charges | 65 | €3,405 | €2,566 | -€839 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | -€61 | -€9,650 | -€9,589 | -15774.3% |
| Income taxes | 67/77 | €270 | €2,019 | +€1,749 | +648.6% |
| Profit (loss) for the period | 9904 | -€330 | -€11,669 | -€11,338 | -3431.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€330 | -€11,669 | -€11,338 | -3431.0% |
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 30 September 2026 via checked.be.