PHILIPPART: 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.
PHILIPPART
Largest movements
- Tangible fixed assets -€51,022
down €51,022 (-26.3%), from €193,842 to €142,820
of which Plant, machinery and equipment: -€47,420
- Receivables within one year +€9,199
up €9,199 (+5.5%), from €167,576 to €176,776
of which Trade receivables: +€6,757
- Stocks and contracts -€4,554
down €4,554 (-29.6%), from €15,372 to €10,819
- Accrued charges and deferred income -€35,000
no longer reported in 2024 (was €35,000)
- Tax, wage and social debts +€16,822
up €16,822 (+158%), from €10,660 to €27,482
of which Taxes: +€13,527
- Profit (loss) carried forward -€16,436
down €16,436 (-252%), from -€6,517 to -€22,954
- Short-term financial debts -€13,056
no longer reported in 2024 (was €13,056)
- Contributions +€13,014
up €13,014 (+10.0%), from €130,144 to €143,159
- Staff costs +€46,267
up €46,267 (+38.8%), from €119,328 to €165,595
- Gross operating margin +€36,867
up €36,867 (+19.5%), from €189,518 to €226,384
- Financial charges +€6,074
up €6,074 (+89.5%), from €6,786 to €12,859
- Taxes +€5,932
up €5,932 (+2,047%), from €290 to €6,222
- Other operating charges +€2,924
up €2,924 (+28.2%), from €10,385 to €13,309
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €389,311 | €344,058 | -€45,252 | -11.6% |
| Fixed assets | 21/28 | €197,277 | €144,938 | -€52,339 | -26.5% |
| Intangible fixed assets | 21 | €2,635 | €1,317 | -€1,317 | -50.0% |
| Tangible fixed assets | 22/27 | €193,842 | €142,820 | -€51,022 | -26.3% |
| Land and buildings | 22 | €18,128 | €16,890 | -€1,237 | -6.8% |
| Plant, machinery and equipment | 23 | €168,590 | €121,170 | -€47,420 | -28.1% |
| Furniture and vehicles | 24 | €7,125 | €4,760 | -€2,364 | -33.2% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €192,034 | €199,121 | +€7,087 | +3.7% |
| Stocks and contracts in progress | 3 | €15,372 | €10,819 | -€4,554 | -29.6% |
| Stocks | 30/36 | €15,372 | €10,819 | -€4,554 | -29.6% |
| Amounts receivable within one year | 40/41 | €167,576 | €176,776 | +€9,199 | +5.5% |
| Trade receivables | 40 | €20,000 | €26,757 | +€6,757 | +33.8% |
| Other amounts receivable | 41 | €147,576 | €150,019 | +€2,443 | +1.7% |
| Cash at bank and in hand | 54/58 | €5,399 | €6,493 | +€1,095 | +20.3% |
| Deferred charges and accrued income | 490/1 | €3,687 | €5,033 | +€1,346 | +36.5% |
| Total equity and liabilities | 10/49 | €389,311 | €344,058 | -€45,252 | -11.6% |
| Equity | 10/15 | €216,653 | €200,217 | -€16,436 | -7.6% |
| Contributions | 10/11 | €130,144 | €143,159 | +€13,014 | +10.0% |
| Reserves | 13 | €93,027 | €80,012 | -€13,014 | -14.0% |
| Non-distributable reserves | 130/1 | €19,898 | €6,884 | -€13,014 | -65.4% |
| Reserves not available under the articles | 1311 | €13,014 | - | -€13,014 | |
| Other | 1319 | €6,884 | €6,884 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,239 | €1,239 | = | 0.0% |
| Distributable reserves | 133 | €71,889 | €71,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,517 | -€22,954 | -€16,436 | -252% |
| Amounts payable | 17/49 | €172,657 | €143,841 | -€28,816 | -16.7% |
| Amounts payable after more than one year | 17 | €87,665 | €87,293 | -€372 | -0.4% |
| Financial debts | 170/4 | €87,665 | €87,293 | -€372 | -0.4% |
| Amounts payable within one year | 42/48 | €49,992 | €56,548 | +€6,556 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €22,032 | €22,482 | +€450 | +2.0% |
| Financial debts | 43 | €13,056 | - | -€13,056 | |
| Credit institutions | 430/8 | €13,056 | - | -€13,056 | |
| Trade debts | 44 | €4,244 | €6,584 | +€2,340 | +55.1% |
| Suppliers | 440/4 | €4,244 | €6,584 | +€2,340 | +55.1% |
| Taxes, remuneration and social security | 45 | €10,660 | €27,482 | +€16,822 | +158% |
| Taxes | 450/3 | €1,359 | €14,885 | +€13,527 | +995% |
| Remuneration and social security | 454/9 | €9,301 | €12,596 | +€3,295 | +35.4% |
| Accrued charges and deferred income | 492/3 | €35,000 | - | -€35,000 | |
| Remuneration, social security and pensions | 62 | €119,328 | €165,595 | +€46,267 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,465 | €52,856 | +€391 | +0.7% |
| Other operating charges | 640/8 | €10,385 | €13,309 | +€2,924 | +28.2% |
| Gross operating margin | 9900 | €189,518 | €226,384 | +€36,867 | +19.5% |
| Operating profit (loss) | 9901 | €7,341 | -€5,375 | -€12,715 | |
| Financial income | 75/76B | €6,954 | €8,020 | +€1,065 | +15.3% |
| Recurring financial income | 75 | €6,954 | €8,020 | +€1,065 | +15.3% |
| Financial charges | 65/66B | €6,786 | €12,859 | +€6,074 | +89.5% |
| Recurring financial charges | 65 | €6,786 | €12,859 | +€6,074 | +89.5% |
| Profit (loss) for the period before taxes | 9903 | €7,509 | -€10,214 | -€17,724 | |
| Income taxes | 67/77 | €290 | €6,222 | +€5,932 | +2,047% |
| Profit (loss) for the period | 9904 | €7,220 | -€16,436 | -€23,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,220 | -€16,436 | -€23,656 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.