Philips Classics: 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.
Philips Classics
Largest movements
- Stocks and contracts -€21,500
down €21,500 (-6.6%), from €323,700 to €302,200
- Tangible fixed assets -€13,884
down €13,884 (-8.4%), from €165,784 to €151,900
of which Land and buildings: -€14,667
- Debts after one year -€33,201
down €33,201 (-24.3%), from €136,671 to €103,470
- Reserves +€11,332
up €11,332 (+9.1%), from €124,499 to €135,831
- Trade debts -€7,460
down €7,460 (-13.8%), from €54,096 to €46,636
- Tax, wage and social debts -€6,187
down €6,187 (-28.8%), from €21,462 to €15,275
of which Taxes: -€3,581
- Gross operating margin +€28,005
up €28,005 (+27.2%), from €102,835 to €130,840
- Financial charges +€17,579
up €17,579 (+193%), from €9,129 to €26,708
- Other operating charges +€9,788
up €9,788 (+284%), from €3,443 to €13,231
- Taxes -€5,254
down €5,254 (-45.6%), from €11,518 to €6,264
- Write-downs +€2,500
up €2,500 (+25.0%), from €10,000 to €12,500
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 | €498,700 | €462,886 | -€35,814 | -7.2% |
| Fixed assets | 21/28 | €165,784 | €151,900 | -€13,884 | -8.4% |
| Tangible fixed assets | 22/27 | €165,784 | €151,900 | -€13,884 | -8.4% |
| Land and buildings | 22 | €117,333 | €102,667 | -€14,667 | -12.5% |
| Furniture and vehicles | 24 | €3,270 | €10,271 | +€7,001 | +214% |
| Other tangible fixed assets | 26 | €45,181 | €38,962 | -€6,218 | -13.8% |
| Current assets | 29/58 | €332,915 | €310,986 | -€21,929 | -6.6% |
| Stocks and contracts in progress | 3 | €323,700 | €302,200 | -€21,500 | -6.6% |
| Stocks | 30/36 | €323,700 | €302,200 | -€21,500 | -6.6% |
| Amounts receivable within one year | 40/41 | €1,958 | €1,685 | -€272 | -13.9% |
| Trade receivables | 40 | €1,958 | €1,685 | -€272 | -13.9% |
| Cash at bank and in hand | 54/58 | €5,664 | €5,608 | -€57 | -1.0% |
| Deferred charges and accrued income | 490/1 | €1,593 | €1,493 | -€100 | -6.3% |
| Total equity and liabilities | 10/49 | €498,700 | €462,886 | -€35,814 | -7.2% |
| Equity | 10/15 | €143,099 | €154,431 | +€11,332 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,499 | €135,831 | +€11,332 | +9.1% |
| Distributable reserves | 133 | €124,499 | €135,831 | +€11,332 | +9.1% |
| Amounts payable | 17/49 | €355,601 | €308,455 | -€47,146 | -13.3% |
| Amounts payable after more than one year | 17 | €136,671 | €103,470 | -€33,201 | -24.3% |
| Financial debts | 170/4 | €136,671 | €103,470 | -€33,201 | -24.3% |
| Amounts payable within one year | 42/48 | €218,300 | €204,985 | -€13,314 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €43,887 | €47,395 | +€3,508 | +8.0% |
| Financial debts | 43 | €92,000 | €92,000 | = | 0.0% |
| Credit institutions | 430/8 | €92,000 | €92,000 | = | 0.0% |
| Trade debts | 44 | €54,096 | €46,636 | -€7,460 | -13.8% |
| Suppliers | 440/4 | €54,096 | €46,636 | -€7,460 | -13.8% |
| Taxes, remuneration and social security | 45 | €21,462 | €15,275 | -€6,187 | -28.8% |
| Taxes | 450/3 | €14,742 | €11,161 | -€3,581 | -24.3% |
| Remuneration and social security | 454/9 | €6,720 | €4,114 | -€2,606 | -38.8% |
| Other amounts payable | 47/48 | €6,855 | €3,679 | -€3,176 | -46.3% |
| Accrued charges and deferred income | 492/3 | €630 | - | -€630 | |
| Remuneration, social security and pensions | 62 | €32,888 | €32,693 | -€195 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,941 | €28,147 | -€794 | -2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,000 | €12,500 | +€2,500 | +25.0% |
| Other operating charges | 640/8 | €3,443 | €13,231 | +€9,788 | +284% |
| Gross operating margin | 9900 | €102,835 | €130,840 | +€28,005 | +27.2% |
| Operating profit (loss) | 9901 | €27,563 | €44,269 | +€16,706 | +60.6% |
| Financial income | 75/76B | €26 | €35 | +€9 | +35.2% |
| Recurring financial income | 75 | €26 | €35 | +€9 | +35.2% |
| Financial charges | 65/66B | €9,129 | €26,708 | +€17,579 | +193% |
| Recurring financial charges | 65 | €9,129 | €26,708 | +€17,579 | +193% |
| Profit (loss) for the period before taxes | 9903 | €18,460 | €17,596 | -€863 | -4.7% |
| Income taxes | 67/77 | €11,518 | €6,264 | -€5,254 | -45.6% |
| Profit (loss) for the period | 9904 | €6,941 | €11,332 | +€4,391 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,941 | €11,332 | +€4,391 | +63.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.