PHILHER: 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.
PHILHER
Largest movements
- Receivables within one year -€4,952
down €4,952 (-27.3%), from €18,117 to €13,165
of which Other amounts receivable: -€3,406
- Stocks and contracts -€1,795
down €1,795 (-26.2%), from €6,849 to €5,054
- Profit (loss) carried forward -€4,534
down €4,534 (-250.7%), from -€1,808 to -€6,342
- Short-term financial debts -€2,501
down €2,501 (-90.0%), from €2,778 to €277
- Trade debts +€372
up €372 (+676.6%), from €55 to €427
- Gross operating margin -€3,513
down €3,513, from €292 to -€3,221
- Other operating charges -€444
down €444 (-27.3%), from €1,630 to €1,186
- Financial income -€32
down €32 (-97.7%), from €33 to €1
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 | €24,975 | €18,313 | -€6,662 | -26.7% |
| Current assets | 29/58 | €24,975 | €18,313 | -€6,662 | -26.7% |
| Stocks and contracts in progress | 3 | €6,849 | €5,054 | -€1,795 | -26.2% |
| Stocks | 30/36 | €6,849 | €5,054 | -€1,795 | -26.2% |
| Amounts receivable within one year | 40/41 | €18,117 | €13,165 | -€4,952 | -27.3% |
| Trade receivables | 40 | €2,178 | €632 | -€1,546 | -71.0% |
| Other amounts receivable | 41 | €15,939 | €12,533 | -€3,406 | -21.4% |
| Cash at bank and in hand | 54/58 | €9 | €93 | +€85 | +971.2% |
| Total equity and liabilities | 10/49 | €24,975 | €18,313 | -€6,662 | -26.7% |
| Equity | 10/15 | €22,142 | €17,608 | -€4,534 | -20.5% |
| Contributions | 10/11 | €16,300 | €16,300 | = | 0.0% |
| Reserves | 13 | €7,650 | €7,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €134 | €134 | = | 0.0% |
| Reserves not available under the articles | 1311 | €134 | €134 | = | 0.0% |
| Distributable reserves | 133 | €7,516 | €7,516 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,808 | -€6,342 | -€4,534 | -250.7% |
| Amounts payable | 17/49 | €2,833 | €704 | -€2,128 | -75.1% |
| Amounts payable within one year | 42/48 | €2,833 | €704 | -€2,128 | -75.1% |
| Financial debts | 43 | €2,778 | €277 | -€2,501 | -90.0% |
| Credit institutions | 430/8 | €2,778 | €277 | -€2,501 | -90.0% |
| Trade debts | 44 | €55 | €427 | +€372 | +676.6% |
| Suppliers | 440/4 | €55 | €427 | +€372 | +676.6% |
| Other operating charges | 640/8 | €1,630 | €1,186 | -€444 | -27.3% |
| Gross operating margin | 9900 | €292 | -€3,221 | -€3,513 | |
| Operating profit (loss) | 9901 | -€1,338 | -€4,407 | -€3,068 | -229.2% |
| Financial income | 75/76B | €33 | €1 | -€32 | -97.7% |
| Recurring financial income | 75 | €33 | €1 | -€32 | -97.7% |
| Financial charges | 65/66B | €126 | €128 | +€2 | +1.3% |
| Recurring financial charges | 65 | €126 | €128 | +€2 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,431 | -€4,534 | -€3,102 | -216.7% |
| Profit (loss) for the period | 9904 | -€1,431 | -€4,534 | -€3,102 | -216.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,431 | -€4,534 | -€3,102 | -216.7% |
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 9 October 2026 via checked.be.