Philips Constant: 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.
What changed
Philips Constant
NACE 28.299, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€760,760
2024 · €836,758-€75,997
Equity
€1.6m
2024 · €3.2m-€1.6m
Cash
€924,148
2024 · €2.8m-€1.9m
Balance sheet total
€5.0m
2024 · €6.6m-€1.6m
Largest movements
Assets
- Cash -€1.9m
down €1.9m (-67.3%), from €2.8m to €924,148
mainly Contributions, distributions and other (-€2.4m) and Provisions (-€293,198)
- Stocks and contracts +€207,833
up €207,833 (+14.2%), from €1.5m to €1.7m
- Receivables within one year +€106,160
up €106,160 (+5.0%), from €2.1m to €2.2m
of which Trade receivables: +€76,660
Equity and liabilities
- Reserves -€1.6m
down €1.6m (-56.7%), from €2.8m to €1.2m
of which Distributable reserves: -€1.6m
- Trade debts +€367,042
up €367,042 (+36.8%), from €997,656 to €1.4m
- Provisions -€293,198
down €293,198 (-41.4%), from €707,807 to €414,609
- Other debts -€82,544
down €82,544 (-12.2%), from €674,691 to €592,148
Income statement
- Gross operating margin -€440,898
down €440,898 (-20.9%), from €2.1m to €1.7m
- Provisions -€341,756
down €341,756, from €48,558 to -€293,198
- Write-downs -€140,221
down €140,221, from €80,929 to -€59,292
- Staff costs +€113,476
up €113,476 (+10.6%), from €1.1m to €1.2m
- Financial income +€32,808
up €32,808 (+16.7%), from €196,234 to €229,043
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.
Result 2024
€836,758
Gross operating margin
-€440,898
Staff costs
-€113,476
Depreciation
-€5,334
Write-downs
+€140,221
Provisions
+€341,756
Other operating charges
-€9,069
Financial income
+€32,808
Financial charges
-€906
Taxes
-€21,100
Result 2025
€760,760
Cash bridge derived
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.
From operations
+€538,327
Investment
-€67,370
Financing
-€2.4m
Cash 2024
€2.8m
From operations (derived)
+€538,327
Net result for the year
+€760,760
Depreciation
+€72,398
Stocks and contracts
-€207,833
Receivables within one year
-€106,160
Deferred charges and accrued income
+€12,619
Provisions
-€293,198
Trade debts
+€367,042
Tax, wage and social debts
+€43,346
Advances received
-€25,006
Other debts
-€82,544
Accrued charges and deferred income
-€3,097
Investment (derived)
-€67,370
Investment in fixed assets (net)
-€67,370
Financing
-€2.4m
Contributions, distributions and other
-€2.4m
Cash 2025
€924,148
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,640,305 | €5,032,608 | -€1.6m | -24.2% |
| Fixed assets | 21/28 | €225,272 | €220,245 | -€5,027 | -2.2% |
| Tangible fixed assets | 22/27 | €201,140 | €191,403 | -€9,737 | -4.8% |
| Land and buildings | 22 | €244 | €0 | -€244 | -100.0% |
| Plant, machinery and equipment | 23 | €41,894 | €28,511 | -€13,383 | -31.9% |
| Furniture and vehicles | 24 | €159,002 | €162,892 | +€3,890 | +2.4% |
| Financial fixed assets | 28 | €24,132 | €28,842 | +€4,710 | +19.5% |
| Current assets | 29/58 | €6,415,032 | €4,812,363 | -€1.6m | -25.0% |
| Stocks and contracts in progress | 3 | €1,459,939 | €1,667,772 | +€207,833 | +14.2% |
| Stocks | 30/36 | €1,459,939 | €1,667,772 | +€207,833 | +14.2% |
| Amounts receivable within one year | 40/41 | €2,106,611 | €2,212,770 | +€106,160 | +5.0% |
| Trade receivables | 40 | €2,106,111 | €2,182,770 | +€76,660 | +3.6% |
| Other amounts receivable | 41 | €500 | €30,000 | +€29,500 | +5900.0% |
| Cash at bank and in hand | 54/58 | €2,828,192 | €924,148 | -€1.9m | -67.3% |
| Deferred charges and accrued income | 490/1 | €20,291 | €7,672 | -€12,619 | -62.2% |
| Total equity and liabilities | 10/49 | €6,640,305 | €5,032,608 | -€1.6m | -24.2% |
| Equity | 10/15 | €3,245,599 | €1,631,359 | -€1.6m | -49.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Revaluation surpluses | 12 | €99,146 | €99,146 | = | 0.0% |
| Reserves | 13 | €2,846,453 | €1,232,213 | -€1.6m | -56.7% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,500 | €41,500 | = | 0.0% |
| Distributable reserves | 133 | €2,774,953 | €1,160,713 | -€1.6m | -58.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €707,807 | €414,609 | -€293,198 | -41.4% |
| Provisions for liabilities and charges | 160/5 | €707,807 | €414,609 | -€293,198 | -41.4% |
| Pensions and similar obligations | 160 | €385,969 | €179,126 | -€206,843 | -53.6% |
| Other liabilities and charges | 164/5 | €321,838 | €235,484 | -€86,354 | -26.8% |
| Amounts payable | 17/49 | €2,686,899 | €2,986,640 | +€299,741 | +11.2% |
| Amounts payable within one year | 42/48 | €2,656,467 | €2,959,305 | +€302,838 | +11.4% |
| Trade debts | 44 | €997,656 | €1,364,699 | +€367,042 | +36.8% |
| Suppliers | 440/4 | €997,656 | €1,364,699 | +€367,042 | +36.8% |
| Advances received on contracts in progress | 46 | €518,058 | €493,052 | -€25,006 | -4.8% |
| Taxes, remuneration and social security | 45 | €466,061 | €509,407 | +€43,346 | +9.3% |
| Taxes | 450/3 | €298,529 | €294,788 | -€3,741 | -1.3% |
| Remuneration and social security | 454/9 | €167,532 | €214,619 | +€47,087 | +28.1% |
| Other amounts payable | 47/48 | €674,691 | €592,148 | -€82,544 | -12.2% |
| Accrued charges and deferred income | 492/3 | €30,432 | €27,335 | -€3,097 | -10.2% |
| Non-recurring operating income | 76A | €8,273 | €13,500 | +€5,227 | +63.2% |
| Remuneration, social security and pensions | 62 | €1,069,351 | €1,182,827 | +€113,476 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,064 | €72,398 | +€5,334 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €80,929 | -€59,292 | -€140,221 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €48,558 | -€293,198 | -€341,756 | |
| Other operating charges | 640/8 | €62,988 | €72,056 | +€9,069 | +14.4% |
| Gross operating margin | 9900 | €2,112,758 | €1,671,860 | -€440,898 | -20.9% |
| Operating profit (loss) | 9901 | €783,869 | €697,069 | -€86,800 | -11.1% |
| Financial income | 75/76B | €196,234 | €229,043 | +€32,808 | +16.7% |
| Recurring financial income | 75 | €196,234 | €229,043 | +€32,808 | +16.7% |
| Financial charges | 65/66B | €9,493 | €10,399 | +€906 | +9.5% |
| Recurring financial charges | 65 | €9,493 | €10,399 | +€906 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €970,610 | €915,713 | -€54,897 | -5.7% |
| Income taxes | 67/77 | €133,853 | €154,953 | +€21,100 | +15.8% |
| Profit (loss) for the period | 9904 | €836,758 | €760,760 | -€75,997 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €836,758 | €760,760 | -€75,997 | -9.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.