PHILING & Co: 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.
PHILING & Co
Largest movements
- Receivables within one year +€6,959
up €6,959 (+32.7%), from €21,265 to €28,224
of which Other amounts receivable: +€12,139
- Cash -€4,906
down €4,906 (-38.3%), from €12,820 to €7,915
mainly Receivables within one year (-€6,959) and Deferred charges and accrued income (-€849)
- Deferred charges and accrued income +€849
up €849 (+81.0%), from €1,048 to €1,897
- Tangible fixed assets -€718
down €718 (-59.3%), from €1,211 to €493
of which Plant, machinery and equipment: -€675
- Reserves +€1,828
up €1,828 (+14.9%), from €12,258 to €14,086
of which Distributable reserves: +€1,828
- Tax, wage and social debts +€511
up €511 (+12.5%), from €4,101 to €4,611
- Gross operating margin -€12,861
down €12,861 (-76.0%), from €16,915 to €4,054
- Taxes -€3,712
down €3,712 (-68.4%), from €5,428 to €1,716
- Other operating charges -€925
down €925 (-93.8%), from €987 to €62
- Financial charges +€855
up €855 (+431.1%), from €198 to €1,053
- Financial income +€830
up €830 (+168.9%), from €492 to €1,322
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,344 | €38,528 | +€2,184 | +6.0% |
| Fixed assets | 21/28 | €1,211 | €493 | -€718 | -59.3% |
| Tangible fixed assets | 22/27 | €1,211 | €493 | -€718 | -59.3% |
| Plant, machinery and equipment | 23 | €1,168 | €493 | -€675 | -57.8% |
| Furniture and vehicles | 24 | €43 | - | -€43 | |
| Current assets | 29/58 | €35,133 | €38,035 | +€2,902 | +8.3% |
| Amounts receivable within one year | 40/41 | €21,265 | €28,224 | +€6,959 | +32.7% |
| Trade receivables | 40 | €5,875 | €694 | -€5,180 | -88.2% |
| Other amounts receivable | 41 | €15,390 | €27,529 | +€12,139 | +78.9% |
| Cash at bank and in hand | 54/58 | €12,820 | €7,915 | -€4,906 | -38.3% |
| Deferred charges and accrued income | 490/1 | €1,048 | €1,897 | +€849 | +81.0% |
| Total equity and liabilities | 10/49 | €36,344 | €38,528 | +€2,184 | +6.0% |
| Equity | 10/15 | €29,839 | €31,667 | +€1,828 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €12,258 | €14,086 | +€1,828 | +14.9% |
| Non-distributable reserves | 130/1 | €632 | €632 | = | 0.0% |
| Legal reserve | 130 | - | €632 | +€632 | |
| Reserves not available under the articles | 1311 | €632 | - | -€632 | |
| Distributable reserves | 133 | €11,627 | €13,454 | +€1,828 | +15.7% |
| Profit (loss) carried forward | 14 | €11,381 | €11,381 | = | 0.0% |
| Amounts payable | 17/49 | €6,505 | €6,862 | +€356 | +5.5% |
| Amounts payable within one year | 42/48 | €6,505 | €6,862 | +€356 | +5.5% |
| Trade debts | 44 | €2,405 | €2,250 | -€154 | -6.4% |
| Suppliers | 440/4 | €2,405 | €2,250 | -€154 | -6.4% |
| Taxes, remuneration and social security | 45 | €4,101 | €4,611 | +€511 | +12.5% |
| Taxes | 450/3 | €4,101 | €4,611 | +€511 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €774 | €718 | -€56 | -7.2% |
| Other operating charges | 640/8 | €987 | €62 | -€925 | -93.8% |
| Gross operating margin | 9900 | €16,915 | €4,054 | -€12,861 | -76.0% |
| Operating profit (loss) | 9901 | €15,155 | €3,275 | -€11,880 | -78.4% |
| Financial income | 75/76B | €492 | €1,322 | +€830 | +168.9% |
| Recurring financial income | 75 | €492 | €1,322 | +€830 | +168.9% |
| Financial charges | 65/66B | €198 | €1,053 | +€855 | +431.1% |
| Recurring financial charges | 65 | €198 | €1,053 | +€855 | +431.1% |
| Profit (loss) for the period before taxes | 9903 | €15,448 | €3,543 | -€11,905 | -77.1% |
| Income taxes | 67/77 | €5,428 | €1,716 | -€3,712 | -68.4% |
| Profit (loss) for the period | 9904 | €10,021 | €1,828 | -€8,193 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,021 | €1,828 | -€8,193 | -81.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.