DRAGON-PHENIX: 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.
DRAGON-PHENIX
Largest movements
- Cash +€85,060
up €85,060 (+409.4%), from €20,778 to €105,838
mainly Net result for the year (+€57,449) and Depreciation (+€14,984)
- Tangible fixed assets -€14,806
down €14,806 (-8.5%), from €173,864 to €159,059
of which Plant, machinery and equipment: -€12,544
- Reserves +€54,000
new in 2024: €54,000
- Other debts +€13,433
up €13,433 (+99.5%), from €13,499 to €26,932
- Debts after one year -€9,398
down €9,398 (-7.7%), from €122,636 to €113,238
- Tax, wage and social debts +€6,423
up €6,423 (+35.4%), from €18,130 to €24,553
of which Taxes: +€6,582
- Profit (loss) carried forward +€3,449
up €3,449 (+94.1%), from €3,665 to €7,114
- Gross operating margin +€37,173
up €37,173 (+28.3%), from €131,150 to €168,323
- Taxes +€7,235
new in 2024: €7,235
- Staff costs +€3,203
up €3,203 (+4.1%), from €77,561 to €80,764
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,284 | €288,966 | +€68,682 | +31.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €174,385 | €159,401 | -€14,984 | -8.6% |
| Intangible fixed assets | 21 | €178 | €0 | -€178 | -100.0% |
| Tangible fixed assets | 22/27 | €173,864 | €159,059 | -€14,806 | -8.5% |
| Plant, machinery and equipment | 23 | €167,634 | €155,090 | -€12,544 | -7.5% |
| Furniture and vehicles | 24 | €6,230 | €3,969 | -€2,261 | -36.3% |
| Financial fixed assets | 28 | €342 | €342 | = | 0.0% |
| Current assets | 29/58 | €45,899 | €129,565 | +€83,665 | +182.3% |
| Stocks and contracts in progress | 3 | €7,865 | €8,152 | +€287 | +3.7% |
| Stocks | 30/36 | €7,865 | €8,152 | +€287 | +3.7% |
| Amounts receivable within one year | 40/41 | €17,257 | €15,575 | -€1,682 | -9.7% |
| Trade receivables | 40 | €4,722 | €5,596 | +€874 | +18.5% |
| Other amounts receivable | 41 | €12,535 | €9,979 | -€2,556 | -20.4% |
| Cash at bank and in hand | 54/58 | €20,778 | €105,838 | +€85,060 | +409.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €220,284 | €288,966 | +€68,682 | +31.2% |
| Equity | 10/15 | €28,665 | €86,114 | +€57,449 | +200.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €54,000 | +€54,000 | |
| Distributable reserves | 133 | - | €54,000 | +€54,000 | |
| Profit (loss) carried forward | 14 | €3,665 | €7,114 | +€3,449 | +94.1% |
| Amounts payable | 17/49 | €191,619 | €202,852 | +€11,233 | +5.9% |
| Amounts payable after more than one year | 17 | €122,636 | €113,238 | -€9,398 | -7.7% |
| Financial debts | 170/4 | €122,636 | €113,238 | -€9,398 | -7.7% |
| Amounts payable within one year | 42/48 | €68,983 | €89,614 | +€20,631 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €9,258 | €9,398 | +€140 | +1.5% |
| Trade debts | 44 | €28,096 | €28,731 | +€635 | +2.3% |
| Suppliers | 440/4 | €28,096 | €28,731 | +€635 | +2.3% |
| Taxes, remuneration and social security | 45 | €18,130 | €24,553 | +€6,423 | +35.4% |
| Taxes | 450/3 | €7,571 | €14,153 | +€6,582 | +86.9% |
| Remuneration and social security | 454/9 | €10,558 | €10,399 | -€159 | -1.5% |
| Other amounts payable | 47/48 | €13,499 | €26,932 | +€13,433 | +99.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €77,561 | €80,764 | +€3,203 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,422 | €14,984 | -€438 | -2.8% |
| Other operating charges | 640/8 | €4,984 | €5,610 | +€626 | +12.6% |
| Gross operating margin | 9900 | €131,150 | €168,323 | +€37,173 | +28.3% |
| Operating profit (loss) | 9901 | €33,182 | €66,965 | +€33,783 | +101.8% |
| Financial charges | 65/66B | €2,110 | €2,281 | +€171 | +8.1% |
| Recurring financial charges | 65 | €2,110 | €2,281 | +€171 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €31,072 | €64,684 | +€33,612 | +108.2% |
| Income taxes | 67/77 | - | €7,235 | +€7,235 | |
| Profit (loss) for the period | 9904 | €31,072 | €57,449 | +€26,376 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,072 | €57,449 | +€26,376 | +84.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.