PHILCOPAR: what changed
PHILCOPAR
Largest movements
- Current investments -€15,411
down €15,411 (-5.9%), from €260,590 to €245,179
- Receivables after one year +€13,917
up €13,917 (+9.1%), from €152,534 to €166,451
- Receivables within one year +€6,767
up €6,767 (+291%), from €2,322 to €9,089
- Reserves +€15,120
up €15,120 (+5.0%), from €300,710 to €315,830
- Other debts -€8,141
down €8,141 (-95.0%), from €8,571 to €430
- Financial income +€22,153
up €22,153 (+171%), from €12,923 to €35,076
- Gross operating margin -€7,356
down €7,356 (-79.2%), from -€9,293 to -€16,649
- Taxes +€1,221
up €1,221 (+420%), from €291 to €1,512
- Financial charges -€289
down €289 (-26.7%), from €1,084 to €795
- Other operating charges +€259
up €259 (+35.7%), from €725 to €984
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €418,813 | €421,749 | +€2,936 | +0.7% |
| Current assets | 29/58 | €418,813 | €421,749 | +€2,936 | +0.7% |
| Amounts receivable after more than one year | 29 | €152,534 | €166,451 | +€13,917 | +9.1% |
| Other amounts receivable | 291 | €152,534 | €166,451 | +€13,917 | +9.1% |
| Amounts receivable within one year | 40/41 | €2,322 | €9,089 | +€6,767 | +291% |
| Other amounts receivable | 41 | €2,322 | €9,089 | +€6,767 | +291% |
| Current investments | 50/53 | €260,590 | €245,179 | -€15,411 | -5.9% |
| Cash at bank and in hand | 54/58 | €3,352 | €817 | -€2,535 | -75.6% |
| Deferred charges and accrued income | 490/1 | €15 | €213 | +€198 | +1,320% |
| Total equity and liabilities | 10/49 | €418,813 | €421,749 | +€2,936 | +0.7% |
| Equity | 10/15 | €402,110 | €415,817 | +€13,707 | +3.4% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €300,710 | €315,830 | +€15,120 | +5.0% |
| Distributable reserves | 133 | €300,710 | €315,830 | +€15,120 | +5.0% |
| Profit (loss) carried forward | 14 | €95,195 | €93,782 | -€1,413 | -1.5% |
| Amounts payable | 17/49 | €16,703 | €5,932 | -€10,771 | -64.5% |
| Amounts payable within one year | 42/48 | €16,703 | €5,932 | -€10,771 | -64.5% |
| Financial debts | 43 | €8,132 | €5,502 | -€2,630 | -32.3% |
| Credit institutions | 430/8 | €8,132 | €5,502 | -€2,630 | -32.3% |
| Other amounts payable | 47/48 | €8,571 | €430 | -€8,141 | -95.0% |
| Other operating charges | 640/8 | €725 | €984 | +€259 | +35.7% |
| Gross operating margin | 9900 | -€9,293 | -€16,649 | -€7,356 | -79.2% |
| Operating profit (loss) | 9901 | -€10,018 | -€17,633 | -€7,615 | -76.0% |
| Financial income | 75/76B | €12,923 | €35,076 | +€22,153 | +171% |
| Recurring financial income | 75 | €12,923 | €35,076 | +€22,153 | +171% |
| Financial charges | 65/66B | €1,084 | €795 | -€289 | -26.7% |
| Recurring financial charges | 65 | €1,084 | €795 | -€289 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €1,821 | €16,648 | +€14,827 | +814% |
| Income taxes | 67/77 | €291 | €1,512 | +€1,221 | +420% |
| Profit (loss) for the period | 9904 | €1,530 | €15,136 | +€13,606 | +889% |
| Profit (loss) for the period to be appropriated | 9905 | €1,530 | €15,136 | +€13,606 | +889% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.