FENIKS: 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.
FENIKS
Largest movements
- Tangible fixed assets +€23,246
up €23,246 (+56.9%), from €40,832 to €64,078
of which Land and buildings: +€23,757
- Cash -€19,974
down €19,974 (-22.2%), from €90,013 to €70,039
mainly Investment in fixed assets (net) (-€27,262) and Net result for the year (-€475)
- Trade debts +€2,578
new in 2025: €2,578
- Gross operating margin -€3,206
down €3,206 (-32.9%), from €9,755 to €6,548
- Depreciation +€2,397
up €2,397 (+148%), from €1,619 to €4,017
- Financial charges -€215
down €215 (-82.7%), from €260 to €45
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 | €132,183 | €134,599 | +€2,416 | +1.8% |
| Fixed assets | 21/28 | €40,832 | €64,078 | +€23,246 | +56.9% |
| Tangible fixed assets | 22/27 | €40,832 | €64,078 | +€23,246 | +56.9% |
| Land and buildings | 22 | €39,440 | €63,197 | +€23,757 | +60.2% |
| Plant, machinery and equipment | 23 | €1,392 | €881 | -€511 | -36.7% |
| Current assets | 29/58 | €91,351 | €70,521 | -€20,830 | -22.8% |
| Cash at bank and in hand | 54/58 | €90,013 | €70,039 | -€19,974 | -22.2% |
| Deferred charges and accrued income | 490/1 | €1,337 | €482 | -€855 | -64.0% |
| Total equity and liabilities | 10/49 | €132,183 | €134,599 | +€2,416 | +1.8% |
| Equity | 10/15 | €128,970 | €128,495 | -€475 | -0.4% |
| Contributions | 10/11 | €121,400 | €121,400 | = | 0.0% |
| Reserves | 13 | €16,513 | €16,513 | = | 0.0% |
| Distributable reserves | 133 | €16,513 | €16,513 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,943 | -€9,418 | -€475 | -5.3% |
| Amounts payable | 17/49 | €3,213 | €6,104 | +€2,891 | +90.0% |
| Amounts payable after more than one year | 17 | €3,213 | €3,526 | +€313 | +9.7% |
| Other amounts payable | 178/9 | €3,213 | €3,526 | +€313 | +9.7% |
| Amounts payable within one year | 42/48 | - | €2,578 | +€2,578 | |
| Trade debts | 44 | - | €2,578 | +€2,578 | |
| Suppliers | 440/4 | - | €2,578 | +€2,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,619 | €4,017 | +€2,397 | +148% |
| Other operating charges | 640/8 | €1,895 | €1,840 | -€55 | -2.9% |
| Non-recurring operating charges | 66A | - | €1,200 | +€1,200 | |
| Gross operating margin | 9900 | €9,755 | €6,548 | -€3,206 | -32.9% |
| Operating profit (loss) | 9901 | €6,240 | -€509 | -€6,748 | |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €260 | €45 | -€215 | -82.7% |
| Recurring financial charges | 65 | €260 | €45 | -€215 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | €5,980 | -€475 | -€6,455 | |
| Profit (loss) for the period | 9904 | €5,980 | -€475 | -€6,455 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,980 | -€475 | -€6,455 |
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 29 October 2026 via checked.be.