PHILCOPAR: 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.
PHILCOPAR
Largest movements
- Current investments -€15,411
down €15,411 (-5.9%), from €260,590 to €245,179
- Receivables after one year +€13,917
up €13,917 (+9.1%), from €152,534 to €166,451
- Receivables within one year +€6,767
up €6,767 (+291%), from €2,322 to €9,089
- Reserves +€15,120
up €15,120 (+5.0%), from €300,710 to €315,830
- Other debts -€8,141
down €8,141 (-95.0%), from €8,571 to €430
- Financial income +€22,153
up €22,153 (+171%), from €12,923 to €35,076
- Gross operating margin -€7,356
down €7,356 (-79.2%), from -€9,293 to -€16,649
- Taxes +€1,221
up €1,221 (+420%), from €291 to €1,512
- Financial charges -€289
down €289 (-26.7%), from €1,084 to €795
- Other operating charges +€259
up €259 (+35.7%), from €725 to €984
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 | €418,813 | €421,749 | +€2,936 | +0.7% |
| Current assets | 29/58 | €418,813 | €421,749 | +€2,936 | +0.7% |
| Amounts receivable after more than one year | 29 | €152,534 | €166,451 | +€13,917 | +9.1% |
| Other amounts receivable | 291 | €152,534 | €166,451 | +€13,917 | +9.1% |
| Amounts receivable within one year | 40/41 | €2,322 | €9,089 | +€6,767 | +291% |
| Other amounts receivable | 41 | €2,322 | €9,089 | +€6,767 | +291% |
| Current investments | 50/53 | €260,590 | €245,179 | -€15,411 | -5.9% |
| Cash at bank and in hand | 54/58 | €3,352 | €817 | -€2,535 | -75.6% |
| Deferred charges and accrued income | 490/1 | €15 | €213 | +€198 | +1,320% |
| Total equity and liabilities | 10/49 | €418,813 | €421,749 | +€2,936 | +0.7% |
| Equity | 10/15 | €402,110 | €415,817 | +€13,707 | +3.4% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €300,710 | €315,830 | +€15,120 | +5.0% |
| Distributable reserves | 133 | €300,710 | €315,830 | +€15,120 | +5.0% |
| Profit (loss) carried forward | 14 | €95,195 | €93,782 | -€1,413 | -1.5% |
| Amounts payable | 17/49 | €16,703 | €5,932 | -€10,771 | -64.5% |
| Amounts payable within one year | 42/48 | €16,703 | €5,932 | -€10,771 | -64.5% |
| Financial debts | 43 | €8,132 | €5,502 | -€2,630 | -32.3% |
| Credit institutions | 430/8 | €8,132 | €5,502 | -€2,630 | -32.3% |
| Other amounts payable | 47/48 | €8,571 | €430 | -€8,141 | -95.0% |
| Other operating charges | 640/8 | €725 | €984 | +€259 | +35.7% |
| Gross operating margin | 9900 | -€9,293 | -€16,649 | -€7,356 | -79.2% |
| Operating profit (loss) | 9901 | -€10,018 | -€17,633 | -€7,615 | -76.0% |
| Financial income | 75/76B | €12,923 | €35,076 | +€22,153 | +171% |
| Recurring financial income | 75 | €12,923 | €35,076 | +€22,153 | +171% |
| Financial charges | 65/66B | €1,084 | €795 | -€289 | -26.7% |
| Recurring financial charges | 65 | €1,084 | €795 | -€289 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €1,821 | €16,648 | +€14,827 | +814% |
| Income taxes | 67/77 | €291 | €1,512 | +€1,221 | +420% |
| Profit (loss) for the period | 9904 | €1,530 | €15,136 | +€13,606 | +889% |
| Profit (loss) for the period to be appropriated | 9905 | €1,530 | €15,136 | +€13,606 | +889% |
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 16 October 2026 via checked.be.