Philmar: 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.
Philmar
Largest movements
- Cash +€78,867
up €78,867 (+205.4%), from €38,388 to €117,256
mainly Net result for the year (+€98,237) and Trade debts (+€19,116)
- Receivables within one year +€28,878
up €28,878 (+2404.2%), from €1,201 to €30,079
of which Trade receivables: +€28,879
- Tangible fixed assets +€19,262
up €19,262 (+13.7%), from €140,224 to €159,486
of which Land and buildings: +€19,486
- Reserves +€98,237
up €98,237 (+45.7%), from €215,148 to €313,385
of which Distributable reserves: +€98,237
- Trade debts +€19,116
up €19,116 (+1703.8%), from €1,122 to €20,238
- Tax, wage and social debts +€9,592
up €9,592 (+90.7%), from €10,580 to €20,172
- Gross operating margin +€14,851
up €14,851 (+10.1%), from €147,082 to €161,933
- Taxes +€7,783
up €7,783 (+20.5%), from €38,060 to €45,844
- Depreciation -€7,632
down €7,632 (-80.1%), from €9,524 to €1,893
- Financial income +€2,930
up €2,930 (+331.5%), from €884 to €3,814
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 | €344,108 | €471,234 | +€127,125 | +36.9% |
| Fixed assets | 21/28 | €140,224 | €159,486 | +€19,262 | +13.7% |
| Tangible fixed assets | 22/27 | €140,224 | €159,486 | +€19,262 | +13.7% |
| Land and buildings | 22 | €140,000 | €159,486 | +€19,486 | +13.9% |
| Plant, machinery and equipment | 23 | €224 | €0 | -€224 | -100.0% |
| Leasing and similar rights | 25 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €203,884 | €311,748 | +€107,863 | +52.9% |
| Amounts receivable within one year | 40/41 | €1,201 | €30,079 | +€28,878 | +2404.2% |
| Trade receivables | 40 | €1,200 | €30,079 | +€28,879 | +2406.8% |
| Other amounts receivable | 41 | €1 | €0 | -€1 | -100.0% |
| Current investments | 50/53 | €160,000 | €160,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,388 | €117,256 | +€78,867 | +205.4% |
| Deferred charges and accrued income | 490/1 | €4,295 | €4,413 | +€119 | +2.8% |
| Total equity and liabilities | 10/49 | €344,108 | €471,234 | +€127,125 | +36.9% |
| Equity | 10/15 | €321,112 | €419,349 | +€98,237 | +30.6% |
| Contributions | 10/11 | €105,964 | €105,964 | = | 0.0% |
| Capital | 10 | €105,964 | €105,964 | = | 0.0% |
| Issued capital | 100 | €105,964 | €105,964 | = | 0.0% |
| Reserves | 13 | €215,148 | €313,385 | +€98,237 | +45.7% |
| Non-distributable reserves | 130/1 | €10,596 | €10,596 | = | 0.0% |
| Legal reserve | 130 | €10,596 | €10,596 | = | 0.0% |
| Distributable reserves | 133 | €204,552 | €302,788 | +€98,237 | +48.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €22,996 | €51,885 | +€28,889 | +125.6% |
| Amounts payable within one year | 42/48 | €13,598 | €42,306 | +€28,708 | +211.1% |
| Trade debts | 44 | €1,122 | €20,238 | +€19,116 | +1703.8% |
| Suppliers | 440/4 | €1,122 | €20,238 | +€19,116 | +1703.8% |
| Taxes, remuneration and social security | 45 | €10,580 | €20,172 | +€9,592 | +90.7% |
| Taxes | 450/3 | €10,580 | €20,172 | +€9,592 | +90.7% |
| Other amounts payable | 47/48 | €1,896 | €1,896 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,398 | €9,579 | +€181 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,524 | €1,893 | -€7,632 | -80.1% |
| Other operating charges | 640/8 | €18,663 | €19,604 | +€941 | +5.0% |
| Gross operating margin | 9900 | €147,082 | €161,933 | +€14,851 | +10.1% |
| Operating profit (loss) | 9901 | €118,895 | €140,436 | +€21,541 | +18.1% |
| Financial income | 75/76B | €884 | €3,814 | +€2,930 | +331.5% |
| Recurring financial income | 75 | €884 | €3,814 | +€2,930 | +331.5% |
| Financial charges | 65/66B | €161 | €169 | +€9 | +5.5% |
| Recurring financial charges | 65 | €161 | €169 | +€9 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €119,618 | €144,080 | +€24,462 | +20.5% |
| Income taxes | 67/77 | €38,060 | €45,844 | +€7,783 | +20.5% |
| Profit (loss) for the period | 9904 | €81,558 | €98,237 | +€16,679 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,558 | €98,237 | +€16,679 | +20.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.