PHILCON DUE: what changed
Two financial 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 DUE
Largest movements
- Receivables within one year +€73,079
up €73,079 (+182%), from €40,144 to €113,222
of which Other amounts receivable: +€52,426
- Cash +€6,270
up €6,270 (+357%), from €1,755 to €8,026
mainly Net result for the year (+€49,237) and Tax, wage and social debts (+€19,805)
- Tangible fixed assets -€1,780
down €1,780 (-45.4%), from €3,923 to €2,143
- Reserves +€49,237
up €49,237 (+425%), from €11,586 to €60,822
- Tax, wage and social debts +€19,805
up €19,805 (+207%), from €9,579 to €29,384
- Trade debts +€8,894
up €8,894 (+141%), from €6,319 to €15,213
- Gross operating margin +€42,406
up €42,406 (+135%), from €31,428 to €73,834
- Taxes +€4,526
up €4,526 (+30.4%), from €14,869 to €19,395
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.
Derived cash bridge
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 | €46,122 | €124,019 | +€77,897 | +169% |
| Fixed assets | 21/28 | €4,223 | €2,443 | -€1,780 | -42.1% |
| Tangible fixed assets | 22/27 | €3,923 | €2,143 | -€1,780 | -45.4% |
| Furniture and vehicles | 24 | €3,923 | €2,143 | -€1,780 | -45.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €41,899 | €121,576 | +€79,677 | +190% |
| Amounts receivable within one year | 40/41 | €40,144 | €113,222 | +€73,079 | +182% |
| Trade receivables | 40 | €4,970 | €25,622 | +€20,652 | +416% |
| Other amounts receivable | 41 | €35,174 | €87,600 | +€52,426 | +149% |
| Cash at bank and in hand | 54/58 | €1,755 | €8,026 | +€6,270 | +357% |
| Deferred charges and accrued income | 490/1 | - | €328 | +€328 | |
| Total equity and liabilities | 10/49 | €46,122 | €124,019 | +€77,897 | +169% |
| Equity | 10/15 | €30,186 | €79,422 | +€49,237 | +163% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,586 | €60,822 | +€49,237 | +425% |
| Distributable reserves | 133 | €11,586 | €60,822 | +€49,237 | +425% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €15,937 | €44,597 | +€28,660 | +180% |
| Amounts payable within one year | 42/48 | €15,898 | €44,597 | +€28,699 | +181% |
| Trade debts | 44 | €6,319 | €15,213 | +€8,894 | +141% |
| Suppliers | 440/4 | €6,319 | €15,213 | +€8,894 | +141% |
| Taxes, remuneration and social security | 45 | €9,579 | €29,384 | +€19,805 | +207% |
| Taxes | 450/3 | €9,579 | €29,384 | +€19,805 | +207% |
| Accrued charges and deferred income | 492/3 | €39 | €0 | -€39 | -100% |
| Non-recurring operating income | 76A | - | €25,661 | +€25,661 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,521 | €1,780 | +€259 | +17.0% |
| Other operating charges | 640/8 | €2,927 | €3,218 | +€291 | +10.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €31,428 | €73,834 | +€42,406 | +135% |
| Operating profit (loss) | 9901 | €26,980 | €68,836 | +€41,856 | +155% |
| Financial income | 75/76B | €275 | €1 | -€274 | -99.7% |
| Recurring financial income | 75 | €275 | €1 | -€274 | -99.7% |
| Financial charges | 65/66B | €535 | €206 | -€329 | -61.6% |
| Recurring financial charges | 65 | €535 | €206 | -€329 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €26,721 | €68,632 | +€41,911 | +157% |
| Income taxes | 67/77 | €14,869 | €19,395 | +€4,526 | +30.4% |
| Profit (loss) for the period | 9904 | €11,851 | €49,237 | +€37,385 | +315% |
| Profit (loss) for the period to be appropriated | 9905 | €11,851 | €49,237 | +€37,385 | +315% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.