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
- Receivables within one year +€13,950
up €13,950 (+11.8%), from €118,216 to €132,166
of which Trade receivables: +€12,401
- Debts after one year -€26,913
down €26,913 (-20.5%), from €131,392 to €104,479
- Profit (loss) carried forward +€19,091
no longer reported in 2025 (was -€19,091)
- Tax, wage and social debts +€6,563
up €6,563 (+277%), from €2,369 to €8,932
- Reserves +€5,981
up €5,981 (+10.1%), from €58,976 to €64,956
- Other debts +€4,663
up €4,663 (+14.4%), from €32,450 to €37,114
- Taxes +€4,628
up €4,628 (+1,492,868%), from €0 to €4,628
- Gross operating margin +€3,774
up €3,774 (+11.4%), from €33,208 to €36,982
- Financial charges -€371
down €371 (-6.6%), from €5,661 to €5,291
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 | €246,241 | €259,336 | +€13,095 | +5.3% |
| Fixed assets | 21/28 | €126,896 | €126,494 | -€401 | -0.3% |
| Tangible fixed assets | 22/27 | €126,794 | €126,393 | -€401 | -0.3% |
| Land and buildings | 22 | €125,591 | €125,591 | = | 0.0% |
| Furniture and vehicles | 24 | €1,204 | €803 | -€401 | -33.3% |
| Financial fixed assets | 28 | €101 | €101 | = | 0.0% |
| Current assets | 29/58 | €119,345 | €132,842 | +€13,497 | +11.3% |
| Amounts receivable within one year | 40/41 | €118,216 | €132,166 | +€13,950 | +11.8% |
| Trade receivables | 40 | €66,602 | €79,003 | +€12,401 | +18.6% |
| Other amounts receivable | 41 | €51,615 | €53,163 | +€1,548 | +3.0% |
| Cash at bank and in hand | 54/58 | €1,129 | €676 | -€453 | -40.1% |
| Total equity and liabilities | 10/49 | €246,241 | €259,336 | +€13,095 | +5.3% |
| Equity | 10/15 | €58,485 | €83,556 | +€25,072 | +42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,976 | €64,956 | +€5,981 | +10.1% |
| Distributable reserves | 133 | €58,976 | €64,956 | +€5,981 | +10.1% |
| Profit (loss) carried forward | 14 | -€19,091 | - | +€19,091 | |
| Amounts payable | 17/49 | €187,756 | €175,780 | -€11,976 | -6.4% |
| Amounts payable after more than one year | 17 | €131,392 | €104,479 | -€26,913 | -20.5% |
| Financial debts | 170/4 | €131,392 | €104,479 | -€26,913 | -20.5% |
| Amounts payable within one year | 42/48 | €56,365 | €71,301 | +€14,937 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €21,067 | €24,418 | +€3,351 | +15.9% |
| Financial debts | 43 | €26 | €26 | = | 0.0% |
| Credit institutions | 430/8 | €26 | €26 | = | 0.0% |
| Trade debts | 44 | €452 | €811 | +€359 | +79.5% |
| Suppliers | 440/4 | €452 | €811 | +€359 | +79.5% |
| Taxes, remuneration and social security | 45 | €2,369 | €8,932 | +€6,563 | +277% |
| Taxes | 450/3 | €2,369 | €8,932 | +€6,563 | +277% |
| Other amounts payable | 47/48 | €32,450 | €37,114 | +€4,663 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444 | €401 | -€43 | -9.6% |
| Other operating charges | 640/8 | €3,385 | €3,140 | -€245 | -7.2% |
| Gross operating margin | 9900 | €33,208 | €36,982 | +€3,774 | +11.4% |
| Operating profit (loss) | 9901 | €29,380 | €33,441 | +€4,062 | +13.8% |
| Financial income | 75/76B | €1,504 | €1,549 | +€45 | +3.0% |
| Recurring financial income | 75 | €1,504 | €1,549 | +€45 | +3.0% |
| Financial charges | 65/66B | €5,661 | €5,291 | -€371 | -6.6% |
| Recurring financial charges | 65 | €5,661 | €5,291 | -€371 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €25,222 | €29,700 | +€4,477 | +17.8% |
| Income taxes | 67/77 | €0 | €4,628 | +€4,628 | +1,492,868% |
| Profit (loss) for the period | 9904 | €25,222 | €25,072 | -€150 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,222 | €25,072 | -€150 | -0.6% |
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 18 October 2026 via checked.be.