PHILIPS.P&A: 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.P&A
Largest movements
- Cash +€201,043
up €201,043 (+67.4%), from €298,486 to €499,529
mainly Net result for the year (+€203,613) and Current investments (+€138,694)
- Current investments -€138,694
down €138,694 (-5.3%), from €2.6m to €2.5m
- Reserves +€203,613
up €203,613 (+14.7%), from €1.4m to €1.6m
- Tax, wage and social debts -€144,639
down €144,639 (-30.6%), from €472,601 to €327,962
of which Taxes: -€143,177
- Gross operating margin -€193,518
down €193,518 (-38.6%), from €501,438 to €307,921
- Taxes -€91,330
down €91,330 (-47.2%), from €193,485 to €102,155
- Financial income -€81,288
down €81,288 (-81.8%), from €99,432 to €18,144
- Other operating charges -€5,925
down €5,925 (-61.9%), from €9,579 to €3,654
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 | €3,012,989 | €3,060,483 | +€47,494 | +1.6% |
| Fixed assets | 21/28 | €49,397 | €33,846 | -€15,551 | -31.5% |
| Tangible fixed assets | 22/27 | €49,397 | €33,846 | -€15,551 | -31.5% |
| Plant, machinery and equipment | 23 | €5,302 | €4,114 | -€1,188 | -22.4% |
| Furniture and vehicles | 24 | €44,094 | €29,732 | -€14,363 | -32.6% |
| Current assets | 29/58 | €2,963,592 | €3,026,637 | +€63,045 | +2.1% |
| Amounts receivable within one year | 40/41 | €51,186 | €51,881 | +€695 | +1.4% |
| Other amounts receivable | 41 | €51,186 | €51,881 | +€695 | +1.4% |
| Current investments | 50/53 | €2,613,920 | €2,475,226 | -€138,694 | -5.3% |
| Cash at bank and in hand | 54/58 | €298,486 | €499,529 | +€201,043 | +67.4% |
| Total equity and liabilities | 10/49 | €3,012,989 | €3,060,483 | +€47,494 | +1.6% |
| Equity | 10/15 | €2,390,988 | €2,594,601 | +€203,613 | +8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,388,334 | €1,591,947 | +€203,613 | +14.7% |
| Distributable reserves | 133 | €1,388,334 | €1,591,947 | +€203,613 | +14.7% |
| Profit (loss) carried forward | 14 | €996,454 | €996,454 | -€0 | 0.0% |
| Amounts payable | 17/49 | €622,001 | €465,882 | -€156,119 | -25.1% |
| Amounts payable after more than one year | 17 | €40,320 | €40,320 | = | 0.0% |
| Financial debts | 170/4 | €40,320 | €40,320 | = | 0.0% |
| Amounts payable within one year | 42/48 | €581,682 | €425,562 | -€156,119 | -26.8% |
| Trade debts | 44 | €11,455 | €2,562 | -€8,893 | -77.6% |
| Suppliers | 440/4 | €11,455 | €2,562 | -€8,893 | -77.6% |
| Taxes, remuneration and social security | 45 | €472,601 | €327,962 | -€144,639 | -30.6% |
| Taxes | 450/3 | €403,960 | €260,783 | -€143,177 | -35.4% |
| Remuneration and social security | 454/9 | €68,640 | €67,178 | -€1,462 | -2.1% |
| Other amounts payable | 47/48 | €97,626 | €95,038 | -€2,587 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,458 | €15,551 | -€2,908 | -15.8% |
| Other operating charges | 640/8 | €9,579 | €3,654 | -€5,925 | -61.9% |
| Gross operating margin | 9900 | €501,438 | €307,921 | -€193,518 | -38.6% |
| Operating profit (loss) | 9901 | €473,401 | €288,716 | -€184,685 | -39.0% |
| Financial income | 75/76B | €99,432 | €18,144 | -€81,288 | -81.8% |
| Recurring financial income | 75 | €99,432 | €18,144 | -€81,288 | -81.8% |
| Financial charges | 65/66B | €3,641 | €1,092 | -€2,549 | -70.0% |
| Recurring financial charges | 65 | €3,641 | €1,092 | -€2,549 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €569,192 | €305,769 | -€263,423 | -46.3% |
| Income taxes | 67/77 | €193,485 | €102,155 | -€91,330 | -47.2% |
| Profit (loss) for the period | 9904 | €375,707 | €203,613 | -€172,094 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €375,707 | €203,613 | -€172,094 | -45.8% |
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 18 October 2026 via checked.be.