PHILITAB: 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.
PHILITAB
Largest movements
- Cash +€125,762
up €125,762 (+70.0%), from €179,656 to €305,418
mainly Net result for the year (+€98,568) and Other debts (+€75,000)
- Tangible fixed assets -€52,994
down €52,994 (-5.0%), from €1.1m to €1.0m
of which Land and buildings: -€44,059
- Receivables within one year +€42,740
up €42,740 (+113.5%), from €37,671 to €80,411
of which Trade receivables: +€56,626
- Receivables after one year -€35,616
down €35,616 (-23.2%), from €153,809 to €118,193
- Other debts +€75,000
up €75,000, from €0 to €75,000
- Debts after one year -€37,874
down €37,874 (-27.5%), from €137,731 to €99,857
- Reserves +€23,568
up €23,568 (+2.6%), from €911,716 to €935,284
of which Distributable reserves: +€30,178
- Gross operating margin +€81,285
up €81,285 (+35.1%), from €231,475 to €312,761
- Taxes +€16,893
up €16,893 (+83.6%), from €20,200 to €37,093
- Staff costs +€14,269
up €14,269 (+16.1%), from €88,741 to €103,009
- Depreciation +€5,138
up €5,138 (+9.9%), from €52,050 to €57,187
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,433,401 | €1,511,198 | +€77,797 | +5.4% |
| Fixed assets | 21/28 | €1,062,265 | €1,007,176 | -€55,089 | -5.2% |
| Intangible fixed assets | 21 | €6,192 | €4,097 | -€2,095 | -33.8% |
| Tangible fixed assets | 22/27 | €1,056,072 | €1,003,079 | -€52,994 | -5.0% |
| Land and buildings | 22 | €1,011,512 | €967,452 | -€44,059 | -4.4% |
| Plant, machinery and equipment | 23 | €20,166 | €11,882 | -€8,285 | -41.1% |
| Furniture and vehicles | 24 | €24,394 | €23,745 | -€649 | -2.7% |
| Current assets | 29/58 | €371,136 | €504,022 | +€132,886 | +35.8% |
| Amounts receivable after more than one year | 29 | €153,809 | €118,193 | -€35,616 | -23.2% |
| Other amounts receivable | 291 | €153,809 | €118,193 | -€35,616 | -23.2% |
| Amounts receivable within one year | 40/41 | €37,671 | €80,411 | +€42,740 | +113.5% |
| Trade receivables | 40 | €5,178 | €61,804 | +€56,626 | +1093.7% |
| Other amounts receivable | 41 | €32,494 | €18,607 | -€13,887 | -42.7% |
| Cash at bank and in hand | 54/58 | €179,656 | €305,418 | +€125,762 | +70.0% |
| Total equity and liabilities | 10/49 | €1,433,401 | €1,511,198 | +€77,797 | +5.4% |
| Equity | 10/15 | €976,716 | €1,000,284 | +€23,568 | +2.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €911,716 | €935,284 | +€23,568 | +2.6% |
| Non-distributable reserves | 130/1 | €9,375 | €9,375 | = | 0.0% |
| Legal reserve | 130 | €9,375 | €9,375 | = | 0.0% |
| Tax-exempt reserves | 132 | €139,631 | €133,020 | -€6,611 | -4.7% |
| Distributable reserves | 133 | €762,711 | €792,889 | +€30,178 | +4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €60,106 | €56,702 | -€3,404 | -5.7% |
| Deferred taxes | 168 | €60,106 | €56,702 | -€3,404 | -5.7% |
| Amounts payable | 17/49 | €396,579 | €454,212 | +€57,633 | +14.5% |
| Amounts payable after more than one year | 17 | €137,731 | €99,857 | -€37,874 | -27.5% |
| Financial debts | 170/4 | €137,731 | €99,857 | -€37,874 | -27.5% |
| Amounts payable within one year | 42/48 | €258,848 | €354,355 | +€95,507 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €39,757 | €40,979 | +€1,222 | +3.1% |
| Trade debts | 44 | €210,971 | €224,711 | +€13,740 | +6.5% |
| Suppliers | 440/4 | €210,971 | €224,711 | +€13,740 | +6.5% |
| Taxes, remuneration and social security | 45 | €8,120 | €13,665 | +€5,545 | +68.3% |
| Taxes | 450/3 | - | €89 | +€89 | |
| Remuneration and social security | 454/9 | €8,120 | €13,577 | +€5,456 | +67.2% |
| Other amounts payable | 47/48 | €0 | €75,000 | +€75,000 | |
| Remuneration, social security and pensions | 62 | €88,741 | €103,009 | +€14,269 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,050 | €57,187 | +€5,138 | +9.9% |
| Other operating charges | 640/8 | €6,220 | €6,890 | +€670 | +10.8% |
| Gross operating margin | 9900 | €231,475 | €312,761 | +€81,285 | +35.1% |
| Operating profit (loss) | 9901 | €84,464 | €145,674 | +€61,210 | +72.5% |
| Financial income | 75/76B | €2,544 | €3,670 | +€1,126 | +44.3% |
| Recurring financial income | 75 | €2,544 | €3,670 | +€1,126 | +44.3% |
| Financial charges | 65/66B | €14,641 | €17,087 | +€2,446 | +16.7% |
| Recurring financial charges | 65 | €14,641 | €17,087 | +€2,446 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €72,368 | €132,257 | +€59,890 | +82.8% |
| Transfer from deferred taxes | 780 | €3,435 | €3,404 | -€32 | -0.9% |
| Income taxes | 67/77 | €20,200 | €37,093 | +€16,893 | +83.6% |
| Profit (loss) for the period | 9904 | €55,603 | €98,568 | +€42,965 | +77.3% |
| Transfer from tax-exempt reserves | 789 | €6,672 | €6,611 | -€61 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,275 | €105,178 | +€42,904 | +68.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.