PHILENCO: 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.
PHILENCO
Largest movements
- Cash -€13,421
down €13,421 (-18.6%), from €72,347 to €58,926
mainly Investment in fixed assets (net) (-€44,112) and Other debts (-€20,483)
- Receivables within one year -€10,390
down €10,390 (-30.7%), from €33,830 to €23,441
of which Other amounts receivable: -€8,821
- Other debts -€20,483
down €20,483 (-96.9%), from €21,140 to €657
- Profit (loss) carried forward -€19,591
new in 2025: -€19,591
- Debts after one year +€15,144
up €15,144 (+8.8%), from €172,406 to €187,549
- Current portion of long-term debt +€7,027
up €7,027 (+68.6%), from €10,245 to €17,272
- Gross operating margin -€34,307
down €34,307 (-57.1%), from €60,071 to €25,765
- Taxes -€7,276
down €7,276 (-97.1%), from €7,493 to €217
- Depreciation +€4,635
up €4,635 (+13.6%), from €34,168 to €38,803
- Other operating charges +€2,848
up €2,848 (+317.1%), from €898 to €3,747
- Financial income -€695
down €695 (-67.8%), from €1,026 to €331
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 | €642,681 | €623,644 | -€19,037 | -3.0% |
| Fixed assets | 21/28 | €308,004 | €313,314 | +€5,309 | +1.7% |
| Intangible fixed assets | 21 | €995 | €322 | -€672 | -67.6% |
| Tangible fixed assets | 22/27 | €306,660 | €312,641 | +€5,982 | +2.0% |
| Land and buildings | 22 | €271,884 | €252,253 | -€19,630 | -7.2% |
| Plant, machinery and equipment | 23 | €19,226 | €13,413 | -€5,814 | -30.2% |
| Furniture and vehicles | 24 | €15,550 | €13,129 | -€2,420 | -15.6% |
| Leasing and similar rights | 25 | - | €33,846 | +€33,846 | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €334,676 | €310,330 | -€24,346 | -7.3% |
| Stocks and contracts in progress | 3 | €94,234 | €93,962 | -€273 | -0.3% |
| Stocks | 30/36 | €94,234 | €93,962 | -€273 | -0.3% |
| Amounts receivable within one year | 40/41 | €33,830 | €23,441 | -€10,390 | -30.7% |
| Trade receivables | 40 | €19,241 | €17,672 | -€1,568 | -8.2% |
| Other amounts receivable | 41 | €14,590 | €5,768 | -€8,821 | -60.5% |
| Current investments | 50/53 | €130,000 | €130,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €72,347 | €58,926 | -€13,421 | -18.6% |
| Deferred charges and accrued income | 490/1 | €4,264 | €4,002 | -€263 | -6.2% |
| Total equity and liabilities | 10/49 | €642,681 | €623,644 | -€19,037 | -3.0% |
| Equity | 10/15 | €409,010 | €389,419 | -€19,591 | -4.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €408,910 | €408,910 | = | 0.0% |
| Distributable reserves | 133 | €408,910 | €408,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,591 | -€19,591 | |
| Amounts payable | 17/49 | €233,671 | €234,225 | +€554 | +0.2% |
| Amounts payable after more than one year | 17 | €172,406 | €187,549 | +€15,144 | +8.8% |
| Financial debts | 170/4 | €172,406 | €187,549 | +€15,144 | +8.8% |
| Amounts payable within one year | 42/48 | €61,265 | €46,676 | -€14,589 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €10,245 | €17,272 | +€7,027 | +68.6% |
| Trade debts | 44 | €22,267 | €18,747 | -€3,520 | -15.8% |
| Suppliers | 440/4 | €22,267 | €18,747 | -€3,520 | -15.8% |
| Advances received on contracts in progress | 46 | - | €2,031 | +€2,031 | |
| Taxes, remuneration and social security | 45 | €7,612 | €7,969 | +€357 | +4.7% |
| Taxes | 450/3 | €7,612 | €7,969 | +€357 | +4.7% |
| Other amounts payable | 47/48 | €21,140 | €657 | -€20,483 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,168 | €38,803 | +€4,635 | +13.6% |
| Other operating charges | 640/8 | €898 | €3,747 | +€2,848 | +317.1% |
| Gross operating margin | 9900 | €60,071 | €25,765 | -€34,307 | -57.1% |
| Operating profit (loss) | 9901 | €25,005 | -€16,785 | -€41,790 | |
| Financial income | 75/76B | €1,026 | €331 | -€695 | -67.8% |
| Recurring financial income | 75 | €1,026 | €331 | -€695 | -67.8% |
| Financial charges | 65/66B | €2,599 | €2,920 | +€321 | +12.4% |
| Recurring financial charges | 65 | €2,599 | €2,920 | +€321 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €23,432 | -€19,374 | -€42,806 | |
| Income taxes | 67/77 | €7,493 | €217 | -€7,276 | -97.1% |
| Profit (loss) for the period | 9904 | €15,939 | -€19,591 | -€35,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,939 | -€19,591 | -€35,530 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.