PHILPET: 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.
PHILPET
Largest movements
- Stocks and contracts -€15,030
down €15,030 (-18.0%), from €83,340 to €68,310
- Tangible fixed assets +€7,521
up €7,521 (+465.6%), from €1,616 to €9,137
of which Furniture and vehicles: +€7,521
- Cash +€3,413
up €3,413 (+55.2%), from €6,182 to €9,596
mainly Trade debts (+€15,893) and Stocks and contracts (+€15,030)
- Receivables within one year -€2,420
down €2,420 (-11.8%), from €20,450 to €18,030
of which Trade receivables: -€4,790
- Trade debts +€15,893
up €15,893 (+89.4%), from €17,772 to €33,665
- Reserves -€9,805
down €9,805 (-84.1%), from €11,665 to €1,860
of which Distributable reserves: -€9,805
- Short-term financial debts -€9,245
down €9,245 (-95.8%), from €9,650 to €405
- Other debts -€2,768
down €2,768 (-19.0%), from €14,551 to €11,783
- Profit (loss) carried forward -€1,153
down €1,153 (-2.2%), from €51,974 to €50,821
- Purchases and services +€18,249
up €18,249 (+5.0%), from €367,532 to €385,782
- Gross operating margin +€822
up €822 (+27.1%), from €3,039 to €3,861
- Depreciation +€609
up €609 (+111.7%), from €545 to €1,154
- Other operating charges -€55
down €55 (-7.8%), from €700 to €645
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 | €111,812 | €105,298 | -€6,515 | -5.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,841 | €9,362 | +€7,521 | +408.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,616 | €9,137 | +€7,521 | +465.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,616 | €9,137 | +€7,521 | +465.6% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €109,972 | €95,936 | -€14,036 | -12.8% |
| Stocks and contracts in progress | 3 | €83,340 | €68,310 | -€15,030 | -18.0% |
| Stocks | 30/36 | €83,340 | €68,310 | -€15,030 | -18.0% |
| Amounts receivable within one year | 40/41 | €20,450 | €18,030 | -€2,420 | -11.8% |
| Trade receivables | 40 | €12,994 | €8,204 | -€4,790 | -36.9% |
| Other amounts receivable | 41 | €7,456 | €9,826 | +€2,370 | +31.8% |
| Cash at bank and in hand | 54/58 | €6,182 | €9,596 | +€3,413 | +55.2% |
| Total equity and liabilities | 10/49 | €111,812 | €105,298 | -€6,515 | -5.8% |
| Equity | 10/15 | €69,839 | €58,881 | -€10,958 | -15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,665 | €1,860 | -€9,805 | -84.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,805 | €0 | -€9,805 | -100.0% |
| Profit (loss) carried forward | 14 | €51,974 | €50,821 | -€1,153 | -2.2% |
| Amounts payable | 17/49 | €41,973 | €46,416 | +€4,443 | +10.6% |
| Amounts payable within one year | 42/48 | €41,973 | €46,416 | +€4,443 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €9,650 | €405 | -€9,245 | -95.8% |
| Credit institutions | 430/8 | €9,650 | €405 | -€9,245 | -95.8% |
| Trade debts | 44 | €17,772 | €33,665 | +€15,893 | +89.4% |
| Suppliers | 440/4 | €17,772 | €33,665 | +€15,893 | +89.4% |
| Taxes, remuneration and social security | 45 | €0 | €563 | +€563 | |
| Taxes | 450/3 | €0 | €563 | +€563 | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €14,551 | €11,783 | -€2,768 | -19.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €367,532 | €385,782 | +€18,249 | +5.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | €1,154 | +€609 | +111.7% |
| Other operating charges | 640/8 | €700 | €645 | -€55 | -7.8% |
| Gross operating margin | 9900 | €3,039 | €3,861 | +€822 | +27.1% |
| Operating profit (loss) | 9901 | €1,794 | €2,062 | +€268 | +14.9% |
| Financial income | 75/76B | €37 | €0 | -€37 | -100.0% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -100.0% |
| Financial charges | 65/66B | €3,065 | €3,082 | +€17 | +0.6% |
| Recurring financial charges | 65 | €3,065 | €3,082 | +€17 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,234 | -€1,021 | +€213 | +17.3% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€1,362 | -€1,153 | +€209 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,362 | -€1,153 | +€209 | +15.4% |
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 4 October 2026 via checked.be.