Finances

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2025 Audited Financial Statement

Philea is committed to providing clear and transparent information on its finances and activities and to maintaining strict oversight and controls over its financial operations. As such, the bookkeeping and preparation of the annual accounts are performed by a certified accountant, and the external annual audit of financial statements is performed by Deloitte. The audited financial statements are then submitted to the Annual General Assembly for approval.

The full 2025 audited financial statement will be available on this page soon.

2025 Audited Financial Statement

Philea is committed to providing clear and transparent information on its finances and activities and to maintaining strict oversight and controls over its financial operations. As such, the bookkeeping and preparation of the annual accounts are performed by a certified accountant and the external annual audit of financial statements is performed by Deloitte.

Philea Balance Sheet

ASSETS (€)
2024
2025
Fixed assets
1,451,361.49
1.333.412,54
Cash at bank
2,625,511.11
Receivables
1,977,323.41
1.982.288,09
Other assets
144,562.24
119.322,47
TOTAL ASSETS
6,198,758.25
6.981.929,48
EQUITY AND LIABILITIES (€)
2024
2025
Initial capital/assets
923,275.00
923.275,00
Reserves
2,159,799.45
2.159.799,45
Cumulative carry-over
724,323.90
1.062.988,10
Liabilities
792,003.55
922.583,24
Deferred income
1,599,356.35
1.913.283,69
TOTAL LIABILITIES
6,198,758.25
6.981.929,48
INCOME AND EXPENDITURE (€)
2024
2025
Total income
5,940,085
Income from projects
1,880,967
Core support
1,793,224
Membership fees
1,481,835
Other
784,059
Total expenditure
5,099,407
Network project costs
696,772
Staff salaries
3,061,828
Operating and core projects costs
1,340,806
Net Profit/(Loss)
840,678
Network carryover
(172,731)
Total result Profit/(Loss)
667,947

Membership and Governance

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