Philtjens BV: 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.
Philtjens BV
Largest movements
- Tangible fixed assets -€14,187
down €14,187 (-17.4%), from €81,320 to €67,134
of which Plant, machinery and equipment: -€13,586
- Cash -€5,823
down €5,823 (-36.7%), from €15,861 to €10,038
mainly Debts after one year (-€16,291) and Investment in fixed assets (net) (-€14,479)
- Receivables within one year +€4,140
up €4,140 (+37.1%), from €11,146 to €15,285
of which Trade receivables: +€7,212
- Stocks and contracts +€1,621
up €1,621 (+8.5%), from €19,103 to €20,724
- Debts after one year -€16,291
down €16,291 (-23.0%), from €70,953 to €54,663
- Profit (loss) carried forward -€3,361
down €3,361 (-20.9%), from -€16,068 to -€19,429
- Trade debts +€2,646
up €2,646 (+14.0%), from €18,863 to €21,509
- Gross operating margin +€9,808
up €9,808 (+46.8%), from €20,950 to €30,759
- Depreciation -€3,522
down €3,522 (-10.9%), from €32,319 to €28,797
- Financial income +€1,075
up €1,075 (+491%), from €219 to €1,294
- Staff costs +€912
up €912 (+158%), from €576 to €1,488
- Financial charges +€694
up €694 (+23.4%), from €2,963 to €3,657
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 | €130,870 | €116,358 | -€14,512 | -11.1% |
| Fixed assets | 21/28 | €81,452 | €67,134 | -€14,318 | -17.6% |
| Intangible fixed assets | 21 | €132 | €0 | -€132 | -100% |
| Tangible fixed assets | 22/27 | €81,320 | €67,134 | -€14,187 | -17.4% |
| Land and buildings | 22 | €760 | €2,622 | +€1,861 | +245% |
| Plant, machinery and equipment | 23 | €58,016 | €44,431 | -€13,586 | -23.4% |
| Furniture and vehicles | 24 | €7,638 | €15,142 | +€7,504 | +98.2% |
| Leasing and similar rights | 25 | €14,906 | €4,940 | -€9,966 | -66.9% |
| Current assets | 29/58 | €49,418 | €49,224 | -€194 | -0.4% |
| Stocks and contracts in progress | 3 | €19,103 | €20,724 | +€1,621 | +8.5% |
| Stocks | 30/36 | €19,103 | €20,724 | +€1,621 | +8.5% |
| Amounts receivable within one year | 40/41 | €11,146 | €15,285 | +€4,140 | +37.1% |
| Trade receivables | 40 | €5,457 | €12,669 | +€7,212 | +132% |
| Other amounts receivable | 41 | €5,688 | €2,616 | -€3,072 | -54.0% |
| Cash at bank and in hand | 54/58 | €15,861 | €10,038 | -€5,823 | -36.7% |
| Deferred charges and accrued income | 490/1 | €3,308 | €3,177 | -€132 | -4.0% |
| Total equity and liabilities | 10/49 | €130,870 | €116,358 | -€14,512 | -11.1% |
| Equity | 10/15 | €24,682 | €21,321 | -€3,361 | -13.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €34,750 | €34,750 | = | 0.0% |
| Distributable reserves | 133 | €34,750 | €34,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,068 | -€19,429 | -€3,361 | -20.9% |
| Amounts payable | 17/49 | €106,188 | €95,037 | -€11,151 | -10.5% |
| Amounts payable after more than one year | 17 | €70,953 | €54,663 | -€16,291 | -23.0% |
| Financial debts | 170/4 | €70,953 | €54,663 | -€16,291 | -23.0% |
| Amounts payable within one year | 42/48 | €35,235 | €40,374 | +€5,139 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €15,068 | €16,291 | +€1,223 | +8.1% |
| Trade debts | 44 | €18,863 | €21,509 | +€2,646 | +14.0% |
| Suppliers | 440/4 | €18,863 | €21,509 | +€2,646 | +14.0% |
| Other amounts payable | 47/48 | €1,304 | €2,574 | +€1,270 | +97.4% |
| Remuneration, social security and pensions | 62 | €576 | €1,488 | +€912 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,319 | €28,797 | -€3,522 | -10.9% |
| Other operating charges | 640/8 | €1,848 | €1,472 | -€376 | -20.3% |
| Gross operating margin | 9900 | €20,950 | €30,759 | +€9,808 | +46.8% |
| Operating profit (loss) | 9901 | -€13,792 | -€998 | +€12,794 | +92.8% |
| Financial income | 75/76B | €219 | €1,294 | +€1,075 | +491% |
| Recurring financial income | 75 | €219 | €1,294 | +€1,075 | +491% |
| Financial charges | 65/66B | €2,963 | €3,657 | +€694 | +23.4% |
| Recurring financial charges | 65 | €2,963 | €3,657 | +€694 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,536 | -€3,361 | +€13,175 | +79.7% |
| Income taxes | 67/77 | -€77 | - | +€77 | |
| Profit (loss) for the period | 9904 | -€16,459 | -€3,361 | +€13,098 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,459 | -€3,361 | +€13,098 | +79.6% |
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 24 October 2026 via checked.be.