PHILIPPART SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year +€15,219
up €15,219 (+21.8%), from €69,942 to €85,161
of which Other amounts receivable: +€16,131
- Cash +€10,255
up €10,255 (+226%), from €4,533 to €14,788
mainly Net result for the year (+€35,199) and Other debts (+€9,920)
- Tangible fixed assets +€8,920
up €8,920 (+414%), from €2,154 to €11,074
of which Plant, machinery and equipment: +€8,018
- Other debts +€9,920
up €9,920 (+49.6%), from €20,000 to €29,920
- Accrued charges and deferred income -€9,705
no longer reported in 2025 (was €9,705)
- Tax, wage and social debts +€8,681
up €8,681 (+58.3%), from €14,893 to €23,574
- Advances received +€8,590
up €8,590 (+144%), from €5,976 to €14,566
- Current portion of long-term debt +€8,058
up €8,058 (+143%), from €5,619 to €13,677
- Gross operating margin +€11,924
up €11,924 (+29.4%), from €40,557 to €52,481
- Taxes +€2,008
up €2,008 (+18.2%), from €11,034 to €13,042
- Depreciation +€1,307
up €1,307 (+107%), from €1,222 to €2,529
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.
Derived cash bridge
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 | €79,137 | €113,901 | +€34,764 | +43.9% |
| Fixed assets | 21/28 | €2,154 | €11,074 | +€8,920 | +414% |
| Tangible fixed assets | 22/27 | €2,154 | €11,074 | +€8,920 | +414% |
| Plant, machinery and equipment | 23 | €2,082 | €10,100 | +€8,018 | +385% |
| Furniture and vehicles | 24 | €72 | €974 | +€902 | +1,253% |
| Current assets | 29/58 | €76,983 | €102,827 | +€25,844 | +33.6% |
| Stocks and contracts in progress | 3 | €2,382 | €2,717 | +€335 | +14.1% |
| Stocks | 30/36 | €2,382 | €2,717 | +€335 | +14.1% |
| Amounts receivable within one year | 40/41 | €69,942 | €85,161 | +€15,219 | +21.8% |
| Trade receivables | 40 | €7,886 | €6,974 | -€912 | -11.6% |
| Other amounts receivable | 41 | €62,056 | €78,187 | +€16,131 | +26.0% |
| Cash at bank and in hand | 54/58 | €4,533 | €14,788 | +€10,255 | +226% |
| Deferred charges and accrued income | 490/1 | €126 | €161 | +€35 | +27.8% |
| Total equity and liabilities | 10/49 | €79,137 | €113,901 | +€34,764 | +43.9% |
| Equity | 10/15 | €14,744 | €14,744 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €4,713 | €4,713 | = | 0.0% |
| Distributable reserves | 133 | €4,713 | €4,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,031 | €6,031 | = | 0.0% |
| Amounts payable | 17/49 | €64,393 | €99,157 | +€34,764 | +54.0% |
| Amounts payable after more than one year | 17 | €3,244 | €5,952 | +€2,708 | +83.5% |
| Financial debts | 170/4 | €3,244 | €5,952 | +€2,708 | +83.5% |
| Amounts payable within one year | 42/48 | €51,444 | €93,205 | +€41,761 | +81.2% |
| Current portion of amounts payable after more than one year | 42 | €5,619 | €13,677 | +€8,058 | +143% |
| Trade debts | 44 | €4,956 | €11,468 | +€6,512 | +131% |
| Suppliers | 440/4 | €4,956 | €11,468 | +€6,512 | +131% |
| Advances received on contracts in progress | 46 | €5,976 | €14,566 | +€8,590 | +144% |
| Taxes, remuneration and social security | 45 | €14,893 | €23,574 | +€8,681 | +58.3% |
| Taxes | 450/3 | €14,893 | €23,574 | +€8,681 | +58.3% |
| Other amounts payable | 47/48 | €20,000 | €29,920 | +€9,920 | +49.6% |
| Accrued charges and deferred income | 492/3 | €9,705 | - | -€9,705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,222 | €2,529 | +€1,307 | +107% |
| Other operating charges | 640/8 | €717 | €805 | +€88 | +12.3% |
| Non-recurring operating charges | 66A | €192 | - | -€192 | |
| Gross operating margin | 9900 | €40,557 | €52,481 | +€11,924 | +29.4% |
| Operating profit (loss) | 9901 | €38,426 | €49,147 | +€10,721 | +27.9% |
| Financial income | 75/76B | €39 | €8 | -€31 | -79.5% |
| Recurring financial income | 75 | €39 | €8 | -€31 | -79.5% |
| Financial charges | 65/66B | €818 | €914 | +€96 | +11.7% |
| Recurring financial charges | 65 | €818 | €914 | +€96 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €37,647 | €48,241 | +€10,594 | +28.1% |
| Income taxes | 67/77 | €11,034 | €13,042 | +€2,008 | +18.2% |
| Profit (loss) for the period | 9904 | €26,613 | €35,199 | +€8,586 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,613 | €35,199 | +€8,586 | +32.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.