DRUKKERIJ PHENIX: 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.
DRUKKERIJ PHENIX
Largest movements
- Cash -€21,836
down €21,836 (-53.8%), from €40,620 to €18,785
mainly Net result for the year (-€61,446) and Receivables within one year (-€18,474)
- Receivables within one year +€18,474
up €18,474 (+22.2%), from €83,124 to €101,598
of which Trade receivables: +€17,193
- Tangible fixed assets -€3,851
down €3,851 (-4.1%), from €92,854 to €89,004
of which Land and buildings: -€8,450
- Profit (loss) carried forward -€61,446
down €61,446 (-165%), from -€37,230 to -€98,676
- Debts after one year +€35,504
up €35,504 (+142%), from €25,000 to €60,504
- Trade debts +€34,555
up €34,555 (+28.7%), from €120,288 to €154,843
- Short-term financial debts -€9,000
down €9,000 (-45.0%), from €20,000 to €11,000
- Current portion of long-term debt -€4,244
down €4,244 (-100%), from €4,244 to €0
- Gross operating margin -€97,916
down €97,916 (-67.7%), from €144,725 to €46,809
- Financial charges +€27,414
up €27,414 (+323%), from €8,475 to €35,889
of which Non-recurring financial charges: +€29,340
- Depreciation +€9,104
up €9,104 (+107%), from €8,531 to €17,635
- Staff costs -€4,088
down €4,088 (-6.7%), from €60,848 to €56,761
- Financial income +€3,556
new in 2025: €3,556
of which Financial income: +€3,556
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 | €216,599 | €209,387 | -€7,212 | -3.3% |
| Fixed assets | 21/28 | €92,854 | €89,004 | -€3,851 | -4.1% |
| Tangible fixed assets | 22/27 | €92,854 | €89,004 | -€3,851 | -4.1% |
| Land and buildings | 22 | €90,055 | €81,605 | -€8,450 | -9.4% |
| Furniture and vehicles | 24 | €2,799 | €7,399 | +€4,600 | +164% |
| Current assets | 29/58 | €123,745 | €120,383 | -€3,362 | -2.7% |
| Amounts receivable within one year | 40/41 | €83,124 | €101,598 | +€18,474 | +22.2% |
| Trade receivables | 40 | €81,931 | €99,124 | +€17,193 | +21.0% |
| Other amounts receivable | 41 | €1,193 | €2,474 | +€1,281 | +107% |
| Cash at bank and in hand | 54/58 | €40,620 | €18,785 | -€21,836 | -53.8% |
| Total equity and liabilities | 10/49 | €216,599 | €209,387 | -€7,212 | -3.3% |
| Equity | 10/15 | €30,970 | -€30,476 | -€61,446 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,230 | -€98,676 | -€61,446 | -165% |
| Amounts payable | 17/49 | €185,629 | €239,863 | +€54,234 | +29.2% |
| Amounts payable after more than one year | 17 | €25,000 | €60,504 | +€35,504 | +142% |
| Financial debts | 170/4 | €25,000 | €60,504 | +€35,504 | +142% |
| Amounts payable within one year | 42/48 | €160,629 | €179,359 | +€18,730 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €4,244 | €0 | -€4,244 | -100% |
| Financial debts | 43 | €20,000 | €11,000 | -€9,000 | -45.0% |
| Other loans | 439 | €20,000 | €11,000 | -€9,000 | -45.0% |
| Trade debts | 44 | €120,288 | €154,843 | +€34,555 | +28.7% |
| Suppliers | 440/4 | €120,288 | €154,843 | +€34,555 | +28.7% |
| Taxes, remuneration and social security | 45 | €12,863 | €13,503 | +€640 | +5.0% |
| Taxes | 450/3 | €260 | €141 | -€119 | -45.7% |
| Remuneration and social security | 454/9 | €12,604 | €13,362 | +€758 | +6.0% |
| Other amounts payable | 47/48 | €3,234 | €13 | -€3,221 | -99.6% |
| Non-recurring operating income | 76A | €26,608 | €0 | -€26,608 | -100% |
| Remuneration, social security and pensions | 62 | €60,848 | €56,761 | -€4,088 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,531 | €17,635 | +€9,104 | +107% |
| Other operating charges | 640/8 | €2,032 | €1,385 | -€647 | -31.8% |
| Gross operating margin | 9900 | €144,725 | €46,809 | -€97,916 | -67.7% |
| Operating profit (loss) | 9901 | €73,314 | -€28,972 | -€102,285 | |
| Financial income | 75/76B | - | €3,556 | +€3,556 | |
| Recurring financial income | 75 | - | €3,556 | +€3,556 | |
| Non-recurring financial income | 76B | - | €3,556 | +€3,556 | |
| Financial charges | 65/66B | €8,475 | €35,889 | +€27,414 | +323% |
| Recurring financial charges | 65 | €8,475 | €6,550 | -€1,926 | -22.7% |
| Non-recurring financial charges | 66B | - | €29,340 | +€29,340 | |
| Profit (loss) for the period before taxes | 9903 | €64,838 | -€61,305 | -€126,144 | |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | €64,710 | -€61,446 | -€126,157 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,710 | -€61,446 | -€126,157 |
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 27 October 2026 via checked.be.