PHILENPROD: 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.
PHILENPROD
Largest movements
- Receivables within one year -€14,241
down €14,241 (-59.2%), from €24,063 to €9,822
of which Trade receivables: -€14,241
- Cash +€4,433
up €4,433 (+5.1%), from €86,853 to €91,286
mainly Receivables within one year (+€14,241) and Net result for the year (+€13,086)
- Other debts -€6,907
down €6,907 (-25.7%), from €26,863 to €19,956
- Profit (loss) carried forward -€1,914
down €1,914 (-3.7%), from €51,737 to €49,823
- Tax, wage and social debts -€1,480
down €1,480 (-10.4%), from €14,290 to €12,810
of which Taxes: -€1,490
- Gross operating margin -€30,440
down €30,440 (-61.9%), from €49,161 to €18,720
- Taxes -€6,203
down €6,203 (-57.4%), from €10,810 to €4,607
- Depreciation -€757
down €757 (-69.3%), from €1,093 to €336
- Other operating charges -€495
down €495 (-55.3%), from €895 to €400
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 | €114,102 | €103,958 | -€10,144 | -8.9% |
| Fixed assets | 21/28 | €585 | €249 | -€336 | -57.4% |
| Tangible fixed assets | 22/27 | €511 | €176 | -€336 | -65.7% |
| Furniture and vehicles | 24 | €511 | €176 | -€336 | -65.7% |
| Financial fixed assets | 28 | €73 | €73 | = | 0.0% |
| Current assets | 29/58 | €113,518 | €103,710 | -€9,808 | -8.6% |
| Amounts receivable within one year | 40/41 | €24,063 | €9,822 | -€14,241 | -59.2% |
| Trade receivables | 40 | €23,954 | €9,713 | -€14,241 | -59.4% |
| Other amounts receivable | 41 | €108 | €108 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,853 | €91,286 | +€4,433 | +5.1% |
| Deferred charges and accrued income | 490/1 | €2,602 | €2,602 | = | 0.0% |
| Total equity and liabilities | 10/49 | €114,102 | €103,958 | -€10,144 | -8.9% |
| Equity | 10/15 | €72,197 | €70,283 | -€1,914 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,737 | €49,823 | -€1,914 | -3.7% |
| Amounts payable | 17/49 | €41,905 | €33,675 | -€8,230 | -19.6% |
| Amounts payable within one year | 42/48 | €41,905 | €33,675 | -€8,230 | -19.6% |
| Trade debts | 44 | €753 | €909 | +€157 | +20.8% |
| Suppliers | 440/4 | €753 | €909 | +€157 | +20.8% |
| Taxes, remuneration and social security | 45 | €14,290 | €12,810 | -€1,480 | -10.4% |
| Taxes | 450/3 | €12,457 | €10,967 | -€1,490 | -12.0% |
| Remuneration and social security | 454/9 | €1,833 | €1,843 | +€10 | +0.5% |
| Other amounts payable | 47/48 | €26,863 | €19,956 | -€6,907 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,093 | €336 | -€757 | -69.3% |
| Other operating charges | 640/8 | €895 | €400 | -€495 | -55.3% |
| Non-recurring operating charges | 66A | - | €129 | +€129 | |
| Gross operating margin | 9900 | €49,161 | €18,720 | -€30,440 | -61.9% |
| Operating profit (loss) | 9901 | €47,173 | €17,856 | -€29,317 | -62.1% |
| Financial charges | 65/66B | €154 | €162 | +€8 | +5.4% |
| Recurring financial charges | 65 | €154 | €162 | +€8 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €47,019 | €17,694 | -€29,325 | -62.4% |
| Income taxes | 67/77 | €10,810 | €4,607 | -€6,203 | -57.4% |
| Profit (loss) for the period | 9904 | €36,209 | €13,086 | -€23,123 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,209 | €13,086 | -€23,123 | -63.9% |
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 5 October 2026 via checked.be.