PHILCOTRANS: 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.
What changed
PHILCOTRANS
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€152,750
2024 · €87,227+€65,523
Equity
€496,042
2024 · €493,293+€2,750
Cash
€428,002
2024 · €190,172+€237,830
Balance sheet total
€1.1m
2024 · €974,801+€119,965
Largest movements
Assets
- Cash +€237,830
up €237,830 (+125.1%), from €190,172 to €428,002
mainly Net result for the year (+€152,750) and Receivables within one year (+€114,852)
- Receivables within one year -€114,852
down €114,852 (-14.8%), from €777,745 to €662,893
of which Trade receivables: -€122,486
Equity and liabilities
- Other debts +€65,255
up €65,255 (+76.8%), from €85,000 to €150,255
- Trade debts +€47,946
up €47,946 (+21.7%), from €221,072 to €269,018
Income statement
- Turnover +€451,696
up €451,696 (+11.3%), from €4.0m to €4.5m
- Services and other goods +€436,637
up €436,637 (+28.0%), from €1.6m to €2.0m
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.
Result 2024
€87,227
Turnover
+€451,696
Other operating income
+€13,960
Goods and materials
-€17,453
Services and other goods
-€436,637
Staff costs
+€42,851
Depreciation
+€4,362
Other operating charges
+€3,116
Other operating items
+€1,500
Financial income
-€135
Financial charges
+€1,085
Taxes
+€1,177
Result 2025
€152,750
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.
From operations
+€388,010
Investment
€0
Financing
-€150,180
Cash 2024
€190,172
From operations (derived)
+€388,010
Net result for the year
+€152,750
Depreciation
+€3,974
Receivables within one year
+€114,852
Deferred charges and accrued income
-€961
Trade debts
+€47,946
Tax, wage and social debts
+€4,684
Other debts
+€65,255
Accrued charges and deferred income
-€490
Financing
-€150,180
Short-term financial debts
-€180
Contributions, distributions and other
-€150,000
Cash 2025
€428,002
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €974,801 | €1,094,766 | +€119,965 | +12.3% |
| Fixed assets | 21/28 | €3,974 | - | -€3,974 | |
| Tangible fixed assets | 22/27 | €3,974 | - | -€3,974 | |
| Furniture and vehicles | 24 | €3,974 | - | -€3,974 | |
| Current assets | 29/58 | €970,827 | €1,094,766 | +€123,939 | +12.8% |
| Amounts receivable within one year | 40/41 | €777,745 | €662,893 | -€114,852 | -14.8% |
| Trade receivables | 40 | €643,138 | €520,651 | -€122,486 | -19.0% |
| Other amounts receivable | 41 | €134,607 | €142,242 | +€7,634 | +5.7% |
| Cash at bank and in hand | 54/58 | €190,172 | €428,002 | +€237,830 | +125.1% |
| Deferred charges and accrued income | 490/1 | €2,910 | €3,871 | +€961 | +33.0% |
| Total equity and liabilities | 10/49 | €974,801 | €1,094,766 | +€119,965 | +12.3% |
| Equity | 10/15 | €493,293 | €496,042 | +€2,750 | +0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €427,200 | €427,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Distributable reserves | 133 | €420,000 | €420,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,093 | €6,842 | +€2,750 | +67.2% |
| Amounts payable | 17/49 | €481,508 | €598,723 | +€117,216 | +24.3% |
| Amounts payable within one year | 42/48 | €480,994 | €598,699 | +€117,705 | +24.5% |
| Financial debts | 43 | €33,799 | €33,620 | -€180 | -0.5% |
| Credit institutions | 430/8 | €33,799 | €33,620 | -€180 | -0.5% |
| Trade debts | 44 | €221,072 | €269,018 | +€47,946 | +21.7% |
| Suppliers | 440/4 | €221,072 | €269,018 | +€47,946 | +21.7% |
| Taxes, remuneration and social security | 45 | €141,123 | €145,807 | +€4,684 | +3.3% |
| Remuneration and social security | 454/9 | €141,123 | €145,807 | +€4,684 | +3.3% |
| Other amounts payable | 47/48 | €85,000 | €150,255 | +€65,255 | +76.8% |
| Accrued charges and deferred income | 492/3 | €514 | €24 | -€490 | -95.3% |
| Operating income | 70/76A | €4,016,282 | €4,483,438 | +€467,156 | +11.6% |
| Turnover | 70 | €4,004,641 | €4,456,337 | +€451,696 | +11.3% |
| Other operating income | 74 | €11,640 | €25,601 | +€13,960 | +119.9% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Operating charges | 60/66A | €3,861,400 | €4,265,161 | +€403,761 | +10.5% |
| Goods for resale, raw materials and consumables | 60 | €391,585 | €409,038 | +€17,453 | +4.5% |
| Purchases | 600/8 | €391,585 | €409,038 | +€17,453 | +4.5% |
| Services and other goods | 61 | €1,559,414 | €1,996,052 | +€436,637 | +28.0% |
| Remuneration, social security and pensions | 62 | €1,893,373 | €1,850,522 | -€42,851 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,336 | €3,974 | -€4,362 | -52.3% |
| Other operating charges | 640/8 | €8,691 | €5,575 | -€3,116 | -35.8% |
| Operating profit (loss) | 9901 | €154,882 | €218,278 | +€63,395 | +40.9% |
| Financial income | 75/76B | €135 | €0 | -€135 | -100.0% |
| Recurring financial income | 75 | €135 | €0 | -€135 | -100.0% |
| Other financial income | 752/9 | €135 | €0 | -€135 | -100.0% |
| Financial charges | 65/66B | €4,719 | €3,634 | -€1,085 | -23.0% |
| Recurring financial charges | 65 | €4,719 | €3,634 | -€1,085 | -23.0% |
| Debt charges | 650 | €2,238 | €1,515 | -€723 | -32.3% |
| Other financial charges | 652/9 | €2,481 | €2,119 | -€363 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €150,298 | €214,643 | +€64,346 | +42.8% |
| Income taxes | 67/77 | €63,071 | €61,894 | -€1,177 | -1.9% |
| Taxes | 670/3 | €63,071 | €70,000 | +€6,929 | +11.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €8,106 | +€8,106 | |
| Profit (loss) for the period | 9904 | €87,227 | €152,750 | +€65,523 | +75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,227 | €152,750 | +€65,523 | +75.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.