PHILIPS PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets +€114,592
up €114,592 (+1,609%), from €7,123 to €121,715
of which Land and buildings: +€104,973
- Cash -€17,059
down €17,059 (-95.2%), from €17,915 to €855
mainly Investment in fixed assets (net) (-€126,178) and Receivables within one year (-€12,870)
- Receivables within one year +€12,870
up €12,870 (+73.6%), from €17,476 to €30,346
of which Trade receivables: +€13,341
- Stocks and contracts -€1,675
down €1,675 (-16.3%), from €10,249 to €8,573
of which Contracts in progress: -€2,390
- Debts after one year +€80,093
up €80,093 (+2,137%), from €3,747 to €83,840
- Trade debts +€18,759
up €18,759 (+94.7%), from €19,799 to €38,559
- Current portion of long-term debt +€4,897
up €4,897 (+352%), from €1,390 to €6,287
- Other debts +€4,587
up €4,587 (+6,463%), from €71 to €4,658
- Tax, wage and social debts -€2,730
down €2,730 (-35.3%), from €7,732 to €5,002
of which Taxes: -€4,870
- Gross operating margin +€61,936
up €61,936 (+393%), from €15,753 to €77,689
- Staff costs +€45,598
up €45,598 (+577%), from €7,904 to €53,502
- Depreciation +€6,169
up €6,169 (+114%), from €5,417 to €11,586
- Financial charges +€3,661
up €3,661 (+516%), from €710 to €4,371
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 | €54,159 | €162,213 | +€108,054 | +200% |
| Fixed assets | 21/28 | €7,123 | €121,715 | +€114,592 | +1,609% |
| Tangible fixed assets | 22/27 | €7,123 | €121,715 | +€114,592 | +1,609% |
| Land and buildings | 22 | - | €104,973 | +€104,973 | |
| Plant, machinery and equipment | 23 | €1,863 | €13,329 | +€11,466 | +615% |
| Furniture and vehicles | 24 | €5,260 | €3,414 | -€1,846 | -35.1% |
| Current assets | 29/58 | €47,036 | €40,498 | -€6,538 | -13.9% |
| Stocks and contracts in progress | 3 | €10,249 | €8,573 | -€1,675 | -16.3% |
| Stocks | 30/36 | €3,255 | €3,970 | +€715 | +22.0% |
| Contracts in progress | 37 | €6,994 | €4,603 | -€2,390 | -34.2% |
| Amounts receivable within one year | 40/41 | €17,476 | €30,346 | +€12,870 | +73.6% |
| Trade receivables | 40 | €12,438 | €25,779 | +€13,341 | +107% |
| Other amounts receivable | 41 | €5,038 | €4,567 | -€471 | -9.3% |
| Cash at bank and in hand | 54/58 | €17,915 | €855 | -€17,059 | -95.2% |
| Deferred charges and accrued income | 490/1 | €1,397 | €724 | -€673 | -48.2% |
| Total equity and liabilities | 10/49 | €54,159 | €162,213 | +€108,054 | +200% |
| Equity | 10/15 | €21,420 | €23,833 | +€2,413 | +11.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,420 | €20,833 | +€2,413 | +13.1% |
| Distributable reserves | 133 | €18,420 | €20,833 | +€2,413 | +13.1% |
| Amounts payable | 17/49 | €32,739 | €138,380 | +€105,641 | +323% |
| Amounts payable after more than one year | 17 | €3,747 | €83,840 | +€80,093 | +2,137% |
| Financial debts | 170/4 | €3,747 | €83,840 | +€80,093 | +2,137% |
| Amounts payable within one year | 42/48 | €28,992 | €54,513 | +€25,520 | +88.0% |
| Current portion of amounts payable after more than one year | 42 | €1,390 | €6,287 | +€4,897 | +352% |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €19,799 | €38,559 | +€18,759 | +94.7% |
| Suppliers | 440/4 | €19,799 | €38,559 | +€18,759 | +94.7% |
| Taxes, remuneration and social security | 45 | €7,732 | €5,002 | -€2,730 | -35.3% |
| Taxes | 450/3 | €6,235 | €1,365 | -€4,870 | -78.1% |
| Remuneration and social security | 454/9 | €1,497 | €3,637 | +€2,140 | +143% |
| Other amounts payable | 47/48 | €71 | €4,658 | +€4,587 | +6,463% |
| Accrued charges and deferred income | 492/3 | - | €28 | +€28 | |
| Remuneration, social security and pensions | 62 | €7,904 | €53,502 | +€45,598 | +577% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,417 | €11,586 | +€6,169 | +114% |
| Other operating charges | 640/8 | €833 | €1,551 | +€718 | +86.2% |
| Non-recurring operating charges | 66A | - | €3,000 | +€3,000 | |
| Gross operating margin | 9900 | €15,753 | €77,689 | +€61,936 | +393% |
| Operating profit (loss) | 9901 | €1,600 | €8,050 | +€6,451 | +403% |
| Financial income | 75/76B | €0 | €108 | +€108 | +22,881% |
| Recurring financial income | 75 | €0 | €108 | +€108 | +22,881% |
| Financial charges | 65/66B | €710 | €4,371 | +€3,661 | +516% |
| Recurring financial charges | 65 | €710 | €4,371 | +€3,661 | +516% |
| Profit (loss) for the period before taxes | 9903 | €891 | €3,788 | +€2,897 | +325% |
| Income taxes | 67/77 | €603 | €1,374 | +€771 | +128% |
| Profit (loss) for the period | 9904 | €288 | €2,413 | +€2,126 | +739% |
| Profit (loss) for the period to be appropriated | 9905 | €288 | €2,413 | +€2,126 | +739% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.