PHIPPSBURG GROUP: 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.
PHIPPSBURG GROUP
Largest movements
- Cash -€443,988
down €443,988 (-95.2%), from €466,390 to €22,402
mainly Current investments (-€343,521) and Contributions, distributions and other (-€97,517)
- Current investments +€343,521
up €343,521, from €0 to €343,521
- Receivables within one year +€20,603
up €20,603 (+21.4%), from €96,370 to €116,973
of which Other amounts receivable: +€42,694
- Deferred charges and accrued income -€6,811
down €6,811 (-79.1%), from €8,610 to €1,798
- Reserves -€97,517
down €97,517 (-24.7%), from €394,268 to €296,750
of which Distributable reserves: -€97,517
- Other debts +€27,161
up €27,161 (+19.1%), from €142,217 to €169,377
- Tax, wage and social debts -€17,063
down €17,063 (-64.8%), from €26,324 to €9,262
of which Remuneration and social security: -€14,043
- Gross operating margin -€219,601
down €219,601 (-99.6%), from €220,594 to €993
- Taxes -€59,481
down €59,481 (-99.0%), from €60,066 to €585
- Financial income -€4,559
down €4,559 (-79.0%), from €5,773 to €1,214
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 | €571,370 | €484,694 | -€86,676 | -15.2% |
| Current assets | 29/58 | €571,370 | €484,694 | -€86,676 | -15.2% |
| Amounts receivable within one year | 40/41 | €96,370 | €116,973 | +€20,603 | +21.4% |
| Trade receivables | 40 | €90,154 | €68,063 | -€22,091 | -24.5% |
| Other amounts receivable | 41 | €6,216 | €48,910 | +€42,694 | +686.8% |
| Current investments | 50/53 | €0 | €343,521 | +€343,521 | |
| Cash at bank and in hand | 54/58 | €466,390 | €22,402 | -€443,988 | -95.2% |
| Deferred charges and accrued income | 490/1 | €8,610 | €1,798 | -€6,811 | -79.1% |
| Total equity and liabilities | 10/49 | €571,370 | €484,694 | -€86,676 | -15.2% |
| Equity | 10/15 | €400,468 | €302,548 | -€97,920 | -24.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €394,268 | €296,750 | -€97,517 | -24.7% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €394,268 | €296,750 | -€97,517 | -24.7% |
| Profit (loss) carried forward | 14 | €0 | -€403 | -€403 | |
| Amounts payable | 17/49 | €170,902 | €182,147 | +€11,244 | +6.6% |
| Amounts payable within one year | 42/48 | €170,889 | €182,147 | +€11,257 | +6.6% |
| Trade debts | 44 | €2,348 | €3,508 | +€1,160 | +49.4% |
| Suppliers | 440/4 | €2,348 | €3,508 | +€1,160 | +49.4% |
| Taxes, remuneration and social security | 45 | €26,324 | €9,262 | -€17,063 | -64.8% |
| Taxes | 450/3 | €3,791 | €771 | -€3,020 | -79.7% |
| Remuneration and social security | 454/9 | €22,534 | €8,491 | -€14,043 | -62.3% |
| Other amounts payable | 47/48 | €142,217 | €169,377 | +€27,161 | +19.1% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100.0% |
| Other operating charges | 640/8 | €905 | €932 | +€27 | +3.0% |
| Gross operating margin | 9900 | €220,594 | €993 | -€219,601 | -99.6% |
| Operating profit (loss) | 9901 | €219,689 | €61 | -€219,628 | -100.0% |
| Financial income | 75/76B | €5,773 | €1,214 | -€4,559 | -79.0% |
| Recurring financial income | 75 | €5,773 | €1,214 | -€4,559 | -79.0% |
| Financial charges | 65/66B | €347 | €1,093 | +€746 | +215.3% |
| Recurring financial charges | 65 | €347 | €1,093 | +€746 | +215.3% |
| Profit (loss) for the period before taxes | 9903 | €225,115 | €182 | -€224,933 | -99.9% |
| Income taxes | 67/77 | €60,066 | €585 | -€59,481 | -99.0% |
| Profit (loss) for the period | 9904 | €165,050 | -€403 | -€165,453 | |
| Transfer from tax-exempt reserves | 789 | €54,730 | €0 | -€54,730 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €219,780 | -€403 | -€220,183 |
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 5 October 2026 via checked.be.