PHPTELECOM: 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.
PHPTELECOM
Largest movements
- Receivables after one year -€12,894
down €12,894 (-25.6%), from €50,299 to €37,404
- Cash -€9,589
down €9,589 (-28.2%), from €33,973 to €24,385
mainly Contributions, distributions and other (-€12,800) and Net result for the year (-€9,867)
- Tangible fixed assets -€5,918
down €5,918 (-51.0%), from €11,595 to €5,677
of which Furniture and vehicles: -€5,817
- Reserves -€12,800
down €12,800 (-49.4%), from €25,894 to €13,094
of which Distributable reserves: -€12,800
- Profit (loss) carried forward -€9,867
down €9,867 (-16.9%), from €58,422 to €48,555
- Debts after one year -€4,004
down €4,004 (-100%), from €4,004 to €0
- Current portion of long-term debt -€1,277
down €1,277 (-24.2%), from €5,281 to €4,004
- Gross operating margin -€13,741
down €13,741, from €10,387 to -€3,354
- Depreciation -€2,772
down €2,772 (-31.9%), from €8,690 to €5,918
- Taxes -€311
down €311 (-100%), from €311 to €0
- Other operating charges -€232
down €232 (-16.3%), from €1,418 to €1,187
- Financial income -€196
down €196 (-17.3%), from €1,136 to €940
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 | €102,549 | €74,411 | -€28,139 | -27.4% |
| Fixed assets | 21/28 | €11,595 | €5,677 | -€5,918 | -51.0% |
| Tangible fixed assets | 22/27 | €11,595 | €5,677 | -€5,918 | -51.0% |
| Plant, machinery and equipment | 23 | €101 | €0 | -€101 | -100% |
| Furniture and vehicles | 24 | €7,494 | €1,677 | -€5,817 | -77.6% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €90,954 | €68,734 | -€22,220 | -24.4% |
| Amounts receivable after more than one year | 29 | €50,299 | €37,404 | -€12,894 | -25.6% |
| Other amounts receivable | 291 | €50,299 | €37,404 | -€12,894 | -25.6% |
| Amounts receivable within one year | 40/41 | €6,683 | €6,931 | +€249 | +3.7% |
| Trade receivables | 40 | €5,255 | €5,199 | -€57 | -1.1% |
| Other amounts receivable | 41 | €1,428 | €1,733 | +€305 | +21.4% |
| Cash at bank and in hand | 54/58 | €33,973 | €24,385 | -€9,589 | -28.2% |
| Deferred charges and accrued income | 490/1 | - | €14 | +€14 | |
| Total equity and liabilities | 10/49 | €102,549 | €74,411 | -€28,139 | -27.4% |
| Equity | 10/15 | €90,516 | €67,849 | -€22,667 | -25.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,894 | €13,094 | -€12,800 | -49.4% |
| Non-distributable reserves | 130/1 | €7,594 | €7,594 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,594 | €7,594 | = | 0.0% |
| Distributable reserves | 133 | €18,300 | €5,500 | -€12,800 | -69.9% |
| Profit (loss) carried forward | 14 | €58,422 | €48,555 | -€9,867 | -16.9% |
| Amounts payable | 17/49 | €12,034 | €6,562 | -€5,472 | -45.5% |
| Amounts payable after more than one year | 17 | €4,004 | €0 | -€4,004 | -100% |
| Financial debts | 170/4 | €4,004 | €0 | -€4,004 | -100% |
| Amounts payable within one year | 42/48 | €8,029 | €6,338 | -€1,692 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €5,281 | €4,004 | -€1,277 | -24.2% |
| Trade debts | 44 | €2,061 | €2,024 | -€38 | -1.8% |
| Suppliers | 440/4 | €2,061 | €2,024 | -€38 | -1.8% |
| Taxes, remuneration and social security | 45 | €687 | €310 | -€377 | -54.9% |
| Taxes | 450/3 | €687 | €310 | -€377 | -54.9% |
| Accrued charges and deferred income | 492/3 | - | €224 | +€224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,690 | €5,918 | -€2,772 | -31.9% |
| Other operating charges | 640/8 | €1,418 | €1,187 | -€232 | -16.3% |
| Non-recurring operating charges | 66A | €1,184 | €0 | -€1,184 | -100% |
| Gross operating margin | 9900 | €10,387 | -€3,354 | -€13,741 | |
| Operating profit (loss) | 9901 | -€905 | -€10,459 | -€9,554 | -1,056% |
| Financial income | 75/76B | €1,136 | €940 | -€196 | -17.3% |
| Recurring financial income | 75 | €1,136 | €940 | -€196 | -17.3% |
| Financial charges | 65/66B | €391 | €348 | -€44 | -11.1% |
| Recurring financial charges | 65 | €391 | €348 | -€44 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€160 | -€9,867 | -€9,707 | -6,077% |
| Income taxes | 67/77 | €311 | €0 | -€311 | -100% |
| Profit (loss) for the period | 9904 | -€471 | -€9,867 | -€9,396 | -1,996% |
| Profit (loss) for the period to be appropriated | 9905 | -€471 | -€9,867 | -€9,396 | -1,996% |
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 15 October 2026 via checked.be.