PHILTEX: 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.
PHILTEX
Largest movements
- Receivables within one year -€5,134
down €5,134 (-65.8%), from €7,806 to €2,672
of which Other amounts receivable: -€3,502
- Cash +€2,144
up €2,144 (+184.1%), from €1,165 to €3,309
mainly Receivables within one year (+€5,134) and Net result for the year (+€3,235)
- Stocks and contracts -€1,103
down €1,103 (-5.0%), from €21,933 to €20,830
- Tangible fixed assets -€604
down €604 (-57.6%), from €1,050 to €445
of which Plant, machinery and equipment: -€307
- Short-term financial debts -€4,246
no longer reported in 2025 (was €4,246)
- Profit (loss) carried forward +€3,235
up €3,235 (+15.2%), from -€21,280 to -€18,045
- Tax, wage and social debts -€2,514
down €2,514 (-9.9%), from €25,436 to €22,921
- Trade debts -€1,167
down €1,167 (-48.8%), from €2,392 to €1,226
- Gross operating margin +€1,016
up €1,016 (+27.8%), from €3,649 to €4,665
- Other operating charges -€867
down €867 (-59.4%), from €1,460 to €593
- Financial charges -€467
down €467 (-39.4%), from €1,185 to €718
- Depreciation -€76
down €76 (-11.2%), from €681 to €604
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 | €31,953 | €27,261 | -€4,692 | -14.7% |
| Fixed assets | 21/28 | €1,050 | €445 | -€604 | -57.6% |
| Tangible fixed assets | 22/27 | €1,050 | €445 | -€604 | -57.6% |
| Plant, machinery and equipment | 23 | €307 | - | -€307 | |
| Furniture and vehicles | 24 | €742 | €445 | -€297 | -40.0% |
| Current assets | 29/58 | €30,903 | €26,816 | -€4,088 | -13.2% |
| Stocks and contracts in progress | 3 | €21,933 | €20,830 | -€1,103 | -5.0% |
| Stocks | 30/36 | €21,933 | €20,830 | -€1,103 | -5.0% |
| Amounts receivable within one year | 40/41 | €7,806 | €2,672 | -€5,134 | -65.8% |
| Trade receivables | 40 | €1,908 | €276 | -€1,632 | -85.5% |
| Other amounts receivable | 41 | €5,898 | €2,396 | -€3,502 | -59.4% |
| Cash at bank and in hand | 54/58 | €1,165 | €3,309 | +€2,144 | +184.1% |
| Deferred charges and accrued income | 490/1 | - | €5 | +€5 | |
| Total equity and liabilities | 10/49 | €31,953 | €27,261 | -€4,692 | -14.7% |
| Equity | 10/15 | -€2,680 | €555 | +€3,235 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,280 | -€18,045 | +€3,235 | +15.2% |
| Amounts payable | 17/49 | €34,634 | €26,706 | -€7,927 | -22.9% |
| Amounts payable within one year | 42/48 | €34,634 | €26,706 | -€7,927 | -22.9% |
| Financial debts | 43 | €4,246 | - | -€4,246 | |
| Credit institutions | 430/8 | €4,246 | - | -€4,246 | |
| Trade debts | 44 | €2,392 | €1,226 | -€1,167 | -48.8% |
| Suppliers | 440/4 | €2,392 | €1,226 | -€1,167 | -48.8% |
| Taxes, remuneration and social security | 45 | €25,436 | €22,921 | -€2,514 | -9.9% |
| Taxes | 450/3 | €25,436 | €22,921 | -€2,514 | -9.9% |
| Other amounts payable | 47/48 | €2,559 | €2,559 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €681 | €604 | -€76 | -11.2% |
| Other operating charges | 640/8 | €1,460 | €593 | -€867 | -59.4% |
| Gross operating margin | 9900 | €3,649 | €4,665 | +€1,016 | +27.8% |
| Operating profit (loss) | 9901 | €1,509 | €3,468 | +€1,960 | +129.9% |
| Financial income | 75/76B | €444 | €485 | +€42 | +9.4% |
| Recurring financial income | 75 | €444 | €485 | +€42 | +9.4% |
| Financial charges | 65/66B | €1,185 | €718 | -€467 | -39.4% |
| Recurring financial charges | 65 | €1,185 | €718 | -€467 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €767 | €3,235 | +€2,468 | +321.7% |
| Profit (loss) for the period | 9904 | €767 | €3,235 | +€2,468 | +321.7% |
| Profit (loss) for the period to be appropriated | 9905 | €767 | €3,235 | +€2,468 | +321.7% |
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.