Fenix: 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.
Fenix
Largest movements
- Cash +€350,764
up €350,764 (+1367.3%), from €25,653 to €376,417
mainly Net result for the year (+€487,274) and Provisions (+€42,000)
- Tangible fixed assets +€147,974
up €147,974 (+27.5%), from €538,706 to €686,681
- Equity +€445,274
up €445,274 (+86.9%), from €512,389 to €957,663
- Provisions +€42,000
new in 2017: €42,000
- Debts +€11,464
up €11,464 (+22.1%), from €51,970 to €63,435
- Depreciation -€9,798
down €9,798 (-45.2%), from €21,693 to €11,895
- Gross operating margin -€7,207
down €7,207 (-21.9%), from €32,981 to €25,773
From the 2016 result to the 2017 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 2016 and 2017 balance sheets and the 2017 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €564,359 | €1,063,097 | +€498,738 | +88.4% |
| Fixed assets | 21/28 | €538,706 | €686,681 | +€147,974 | +27.5% |
| Tangible fixed assets | 22/27 | €538,706 | €686,681 | +€147,974 | +27.5% |
| Current assets | 29/58 | €25,653 | €376,417 | +€350,764 | +1367.3% |
| Cash at bank and in hand | 54/58 | €25,653 | €376,417 | +€350,764 | +1367.3% |
| Total equity and liabilities | 10/49 | €564,359 | €1,063,097 | +€498,738 | +88.4% |
| Equity | 10/15 | €512,389 | €957,663 | +€445,274 | +86.9% |
| Profit (loss) carried forward | 14 | €470,389 | €957,663 | +€487,274 | +103.6% |
| Provisions and deferred taxes | 16 | - | €42,000 | +€42,000 | |
| Amounts payable | 17/49 | €51,970 | €63,435 | +€11,464 | +22.1% |
| Amounts payable within one year | 42/48 | €48,856 | €59,058 | +€10,202 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,693 | €11,895 | -€9,798 | -45.2% |
| Gross operating margin | 9900 | €32,981 | €25,773 | -€7,207 | -21.9% |
| Operating profit (loss) | 9901 | €9,730 | €12,614 | +€2,883 | +29.6% |
| Recurring financial charges | 65 | €12 | - | -€12 | |
| Profit (loss) for the period before taxes | 9903 | €9,718 | €12,614 | +€2,896 | +29.8% |
| Profit (loss) for the period | 9904 | €9,718 | €487,274 | +€477,556 | +4914.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,718 | €487,274 | +€477,556 | +4914.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2016 and 31 December 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.