PHILINCO: 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.
PHILINCO
Largest movements
- Receivables within one year +€9.0m
up €9.0m (+391.9%), from €2.3m to €11.3m
- Current investments +€3.5m
up €3.5m (+18.3%), from €19.1m to €22.6m
- Cash -€2.5m
down €2.5m (-86.9%), from €2.9m to €383,376
mainly Receivables within one year (-€9.0m) and Current investments (-€3.5m)
- Reserves +€11.3m
up €11.3m (+53.2%), from €21.4m to €32.7m
of which Distributable reserves: +€11.3m
- Other debts -€1.9m
down €1.9m (-100.0%), from €1.9m to €0
- Tax, wage and social debts +€508,960
up €508,960 (+134.9%), from €377,371 to €886,330
- Financial income +€7.8m
up €7.8m (+164.9%), from €4.8m to €12.6m
- Taxes +€681,806
up €681,806 (+135.4%), from €503,387 to €1.2m
- Financial charges +€134,750
up €134,750, from -€105,025 to €29,725
- Other operating charges +€6,381
up €6,381 (+58.1%), from €10,973 to €17,354
- Gross operating margin +€1,455
up €1,455 (+94.5%), from -€1,540 to -€85
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 | €35,552,217 | €45,465,310 | +€9.9m | +27.9% |
| Fixed assets | 21/28 | €11,225,850 | €11,225,850 | = | 0.0% |
| Financial fixed assets | 28 | €11,225,850 | €11,225,850 | = | 0.0% |
| Current assets | 29/58 | €24,326,367 | €34,239,460 | +€9.9m | +40.8% |
| Amounts receivable within one year | 40/41 | €2,288,752 | €11,257,974 | +€9.0m | +391.9% |
| Other amounts receivable | 41 | €2,288,752 | €11,257,974 | +€9.0m | +391.9% |
| Current investments | 50/53 | €19,102,914 | €22,598,110 | +€3.5m | +18.3% |
| Cash at bank and in hand | 54/58 | €2,924,084 | €383,376 | -€2.5m | -86.9% |
| Deferred charges and accrued income | 490/1 | €10,617 | €0 | -€10,617 | -100.0% |
| Total equity and liabilities | 10/49 | €35,552,217 | €45,465,310 | +€9.9m | +27.9% |
| Equity | 10/15 | €33,229,009 | €44,578,836 | +€11.3m | +34.2% |
| Contributions | 10/11 | €11,225,850 | €11,225,850 | = | 0.0% |
| Reserves | 13 | €21,350,088 | €32,699,914 | +€11.3m | +53.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €21,350,088 | €32,699,914 | +€11.3m | +53.2% |
| Profit (loss) carried forward | 14 | €653,071 | €653,071 | = | 0.0% |
| Amounts payable | 17/49 | €2,323,208 | €886,474 | -€1.4m | -61.8% |
| Amounts payable within one year | 42/48 | €2,323,208 | €886,474 | -€1.4m | -61.8% |
| Trade debts | 44 | €126 | €144 | +€18 | +14.4% |
| Suppliers | 440/4 | €126 | €144 | +€18 | +14.4% |
| Taxes, remuneration and social security | 45 | €377,371 | €886,330 | +€508,960 | +134.9% |
| Taxes | 450/3 | €377,371 | €886,330 | +€508,960 | +134.9% |
| Other amounts payable | 47/48 | €1,945,711 | €0 | -€1.9m | -100.0% |
| Other operating charges | 640/8 | €10,973 | €17,354 | +€6,381 | +58.1% |
| Gross operating margin | 9900 | -€1,540 | -€85 | +€1,455 | +94.5% |
| Operating profit (loss) | 9901 | -€12,514 | -€17,439 | -€4,925 | -39.4% |
| Financial income | 75/76B | €4,750,263 | €12,582,184 | +€7.8m | +164.9% |
| Recurring financial income | 75 | €4,750,263 | €12,582,184 | +€7.8m | +164.9% |
| Financial charges | 65/66B | -€105,025 | €29,725 | +€134,750 | |
| Recurring financial charges | 65 | -€105,025 | €29,725 | +€134,750 | |
| Profit (loss) for the period before taxes | 9903 | €4,842,774 | €12,535,020 | +€7.7m | +158.8% |
| Income taxes | 67/77 | €503,387 | €1,185,193 | +€681,806 | +135.4% |
| Profit (loss) for the period | 9904 | €4,339,387 | €11,349,827 | +€7.0m | +161.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,339,387 | €11,349,827 | +€7.0m | +161.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.