PHILMA TS PLUS: 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.
PHILMA TS PLUS
Largest movements
- Cash +€23,854
up €23,854 (+35.2%), from €67,774 to €91,628
mainly Trade debts (+€14,870) and Tax, wage and social debts (+€12,226)
- Receivables within one year -€11,220
down €11,220 (-15.5%), from €72,388 to €61,168
of which Other amounts receivable: -€6,856
- Tangible fixed assets -€2,939
down €2,939 (-15.9%), from €18,435 to €15,496
of which Plant, machinery and equipment: -€2,829
- Other debts -€21,428
no longer reported in 2025 (was €21,428)
- Trade debts +€14,870
up €14,870 (+108%), from €13,735 to €28,605
- Tax, wage and social debts +€12,226
up €12,226 (+16.5%), from €74,131 to €86,357
- Reserves +€1,977
up €1,977 (+4.6%), from €43,293 to €45,270
of which Distributable reserves: +€3,837
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
- Staff costs +€84,523
up €84,523 (+13.2%), from €640,345 to €724,868
- Gross operating margin +€49,052
up €49,052 (+7.2%), from €685,789 to €734,841
- Taxes -€7,813
down €7,813 (-72.5%), from €10,783 to €2,970
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 | €158,787 | €168,292 | +€9,505 | +6.0% |
| Fixed assets | 21/28 | €18,625 | €15,496 | -€3,129 | -16.8% |
| Tangible fixed assets | 22/27 | €18,435 | €15,496 | -€2,939 | -15.9% |
| Plant, machinery and equipment | 23 | €18,325 | €15,496 | -€2,829 | -15.4% |
| Furniture and vehicles | 24 | €110 | - | -€110 | |
| Financial fixed assets | 28 | €190 | - | -€190 | |
| Current assets | 29/58 | €140,162 | €152,796 | +€12,634 | +9.0% |
| Amounts receivable within one year | 40/41 | €72,388 | €61,168 | -€11,220 | -15.5% |
| Trade receivables | 40 | €42,801 | €38,437 | -€4,364 | -10.2% |
| Other amounts receivable | 41 | €29,587 | €22,731 | -€6,856 | -23.2% |
| Cash at bank and in hand | 54/58 | €67,774 | €91,628 | +€23,854 | +35.2% |
| Total equity and liabilities | 10/49 | €158,787 | €168,292 | +€9,505 | +6.0% |
| Equity | 10/15 | €49,493 | €53,330 | +€3,837 | +7.8% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €43,293 | €45,270 | +€1,977 | +4.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €41,433 | €45,270 | +€3,837 | +9.3% |
| Amounts payable | 17/49 | €109,294 | €114,962 | +€5,668 | +5.2% |
| Amounts payable within one year | 42/48 | €109,294 | €114,962 | +€5,668 | +5.2% |
| Trade debts | 44 | €13,735 | €28,605 | +€14,870 | +108% |
| Suppliers | 440/4 | €13,735 | €28,605 | +€14,870 | +108% |
| Taxes, remuneration and social security | 45 | €74,131 | €86,357 | +€12,226 | +16.5% |
| Remuneration and social security | 454/9 | €74,131 | €86,357 | +€12,226 | +16.5% |
| Other amounts payable | 47/48 | €21,428 | - | -€21,428 | |
| Remuneration, social security and pensions | 62 | €640,345 | €724,868 | +€84,523 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,237 | €2,939 | -€298 | -9.2% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €685,789 | €734,841 | +€49,052 | +7.2% |
| Operating profit (loss) | 9901 | €41,820 | €6,634 | -€35,186 | -84.1% |
| Financial income | 75/76B | €1 | €198 | +€197 | +19,700% |
| Recurring financial income | 75 | €1 | €198 | +€197 | +19,700% |
| Financial charges | 65/66B | €2,791 | €25 | -€2,766 | -99.1% |
| Recurring financial charges | 65 | €2,791 | €25 | -€2,766 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €39,030 | €6,807 | -€32,223 | -82.6% |
| Income taxes | 67/77 | €10,783 | €2,970 | -€7,813 | -72.5% |
| Profit (loss) for the period | 9904 | €28,247 | €3,837 | -€24,410 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,247 | €3,837 | -€24,410 | -86.4% |
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 19 October 2026 via checked.be.