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
- Cash +€187,068
up €187,068 (+198%), from €94,708 to €281,777
mainly Receivables within one year (+€97,544) and Debts within one year (+€50,209)
- Receivables within one year -€97,544
down €97,544 (-61.0%), from €159,810 to €62,265
of which Other amounts receivable: -€98,361
- Reserves +€99,875
up €99,875 (+80.4%), from €124,190 to €224,065
- Profit (loss) carried forward -€59,318
no longer reported in 2025 (was €59,318)
- Debts within one year +€50,209
up €50,209 (+66.8%), from €75,115 to €125,324
- Staff costs +€69,768
up €69,768 (+16.9%), from €413,578 to €483,346
- Gross operating margin +€46,795
up €46,795 (+9.7%), from €483,785 to €530,580
- Purchases and services -€42,160
down €42,160 (-38.2%), from €110,274 to €68,114
- Turnover -€8,340
down €8,340 (-68.5%), from €12,184 to €3,844
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 | €258,673 | €349,389 | +€90,716 | +35.1% |
| Fixed assets | 21/28 | €2,880 | €617 | -€2,264 | -78.6% |
| Tangible fixed assets | 22/27 | €2,880 | €617 | -€2,264 | -78.6% |
| Furniture and vehicles | 24 | €2,880 | €617 | -€2,264 | -78.6% |
| Current assets | 29/58 | €255,793 | €348,773 | +€92,980 | +36.3% |
| Amounts receivable within one year | 40/41 | €159,810 | €62,265 | -€97,544 | -61.0% |
| Trade receivables | 40 | €8,552 | €9,368 | +€816 | +9.5% |
| Other amounts receivable | 41 | €151,258 | €52,897 | -€98,361 | -65.0% |
| Cash at bank and in hand | 54/58 | €94,708 | €281,777 | +€187,068 | +198% |
| Deferred charges and accrued income | 490/1 | €1,275 | €4,731 | +€3,456 | +271% |
| Total equity and liabilities | 10/49 | €258,673 | €349,389 | +€90,716 | +35.1% |
| Equity | 10/15 | €183,508 | €224,065 | +€40,557 | +22.1% |
| Reserves | 13 | €124,190 | €224,065 | +€99,875 | +80.4% |
| Profit (loss) carried forward | 14 | €59,318 | - | -€59,318 | |
| Amounts payable | 17/49 | €75,165 | €125,324 | +€50,159 | +66.7% |
| Amounts payable within one year | 42/48 | €75,115 | €125,324 | +€50,209 | +66.8% |
| Trade debts | 44 | €3,460 | €10,088 | +€6,628 | +192% |
| Suppliers | 440/4 | €3,460 | €10,088 | +€6,628 | +192% |
| Taxes, remuneration and social security | 45 | €71,655 | €86,444 | +€14,789 | +20.6% |
| Taxes | 450/3 | €11,961 | €14,875 | +€2,915 | +24.4% |
| Remuneration and social security | 454/9 | €59,694 | €71,569 | +€11,875 | +19.9% |
| Accrued charges and deferred income | 492/3 | €50 | - | -€50 | |
| Turnover | 70 | €12,184 | €3,844 | -€8,340 | -68.5% |
| Membership fees, donations, legacies and grants | 73 | €581,118 | €586,078 | +€4,959 | +0.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €110,274 | €68,114 | -€42,160 | -38.2% |
| Remuneration, social security and pensions | 62 | €413,578 | €483,346 | +€69,768 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,098 | €2,264 | -€1,835 | -44.8% |
| Other operating charges | 640/8 | €88 | €4,249 | +€4,162 | +4,755% |
| Gross operating margin | 9900 | €483,785 | €530,580 | +€46,795 | +9.7% |
| Operating profit (loss) | 9901 | €66,021 | €40,721 | -€25,300 | -38.3% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €125 | €177 | +€52 | +42.1% |
| Recurring financial charges | 65 | €125 | €177 | +€52 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €65,896 | €40,557 | -€25,339 | -38.5% |
| Profit (loss) for the period | 9904 | €65,896 | €40,557 | -€25,339 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,896 | €40,557 | -€25,339 | -38.5% |
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 30 October 2026 via checked.be.