PHILIPPE CONSTRUCTION: 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.
PHILIPPE CONSTRUCTION
Largest movements
- Stocks and contracts -€4,650
down €4,650 (-52.5%), from €8,850 to €4,200
- Tangible fixed assets +€861
up €861 (+331.0%), from €260 to €1,121
of which Plant, machinery and equipment: +€1,105
- Receivables within one year -€709
down €709 (-6.8%), from €10,410 to €9,701
- Tax, wage and social debts -€8,579
no longer reported in 2025 (was €8,579)
- Profit (loss) carried forward +€7,331
up €7,331 (+7.9%), from -€92,559 to -€85,228
- Other debts -€4,979
down €4,979 (-7.0%), from €70,765 to €65,785
- Short-term financial debts +€2,770
new in 2025: €2,770
- Trade debts -€1,219
down €1,219 (-85.0%), from €1,434 to €214
- Gross operating margin +€50,853
up €50,853, from -€47,157 to €3,696
- Depreciation +€1,104
up €1,104 (+483.8%), from €228 to €1,332
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,719 | €15,042 | -€4,676 | -23.7% |
| Fixed assets | 21/28 | €260 | €1,121 | +€861 | +331.0% |
| Tangible fixed assets | 22/27 | €260 | €1,121 | +€861 | +331.0% |
| Plant, machinery and equipment | 23 | - | €1,105 | +€1,105 | |
| Furniture and vehicles | 24 | €260 | €16 | -€244 | -93.9% |
| Current assets | 29/58 | €19,459 | €13,922 | -€5,537 | -28.5% |
| Stocks and contracts in progress | 3 | €8,850 | €4,200 | -€4,650 | -52.5% |
| Contracts in progress | 37 | €8,850 | €4,200 | -€4,650 | -52.5% |
| Amounts receivable within one year | 40/41 | €10,410 | €9,701 | -€709 | -6.8% |
| Trade receivables | 40 | €10,410 | €9,701 | -€709 | -6.8% |
| Cash at bank and in hand | 54/58 | €198 | €21 | -€178 | -89.6% |
| Total equity and liabilities | 10/49 | €19,719 | €15,042 | -€4,676 | -23.7% |
| Equity | 10/15 | -€61,059 | -€53,728 | +€7,331 | +12.0% |
| Contributions | 10/11 | €18,650 | €18,650 | = | 0.0% |
| Capital | 10 | - | €18,650 | +€18,650 | |
| Issued capital | 100 | - | €18,650 | +€18,650 | |
| Reserves | 13 | €12,850 | €12,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,350 | €12,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,559 | -€85,228 | +€7,331 | +7.9% |
| Amounts payable | 17/49 | €80,778 | €68,770 | -€12,007 | -14.9% |
| Amounts payable within one year | 42/48 | €80,778 | €68,770 | -€12,007 | -14.9% |
| Financial debts | 43 | - | €2,770 | +€2,770 | |
| Credit institutions | 430/8 | - | €2,770 | +€2,770 | |
| Trade debts | 44 | €1,434 | €214 | -€1,219 | -85.0% |
| Suppliers | 440/4 | €1,434 | €214 | -€1,219 | -85.0% |
| Taxes, remuneration and social security | 45 | €8,579 | - | -€8,579 | |
| Taxes | 450/3 | €8,579 | - | -€8,579 | |
| Other amounts payable | 47/48 | €70,765 | €65,785 | -€4,979 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €1,332 | +€1,104 | +483.8% |
| Other operating charges | 640/8 | €528 | €505 | -€24 | -4.5% |
| Non-recurring operating charges | 66A | €970 | - | -€970 | |
| Gross operating margin | 9900 | -€47,157 | €3,696 | +€50,853 | |
| Operating profit (loss) | 9901 | -€48,883 | €1,860 | +€50,743 | |
| Financial income | 75/76B | €78 | - | -€78 | |
| Recurring financial income | 75 | €78 | - | -€78 | |
| Financial charges | 65/66B | €951 | €533 | -€418 | -44.0% |
| Recurring financial charges | 65 | €951 | €533 | -€418 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€49,756 | €1,327 | +€51,083 | |
| Profit (loss) for the period | 9904 | -€49,756 | €1,327 | +€51,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,756 | €1,327 | +€51,083 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.