FENIX ANALYTICS: 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 ANALYTICS
Largest movements
- Tangible fixed assets -€77,469
down €77,469 (-97.2%), from €79,708 to €2,239
of which Furniture and vehicles: -€77,140
- Receivables within one year +€73,686
up €73,686 (+4576.9%), from €1,610 to €75,296
of which Trade receivables: +€71,256
- Cash +€38,288
up €38,288 (+42.2%), from €90,836 to €129,124
mainly Net result for the year (+€93,562) and Investment in fixed assets (net) (+€75,740)
- Profit (loss) carried forward +€93,562
up €93,562 (+174.8%), from €53,538 to €147,099
- Debts after one year -€52,289
down €52,289 (-100.0%), from €52,289 to €0
- Tax, wage and social debts -€6,183
down €6,183 (-24.4%), from €25,367 to €19,184
- Current portion of long-term debt -€5,195
down €5,195 (-100.0%), from €5,195 to €0
- Trade debts +€5,140
up €5,140 (+422.1%), from €1,218 to €6,358
- Gross operating margin +€45,844
up €45,844 (+55.3%), from €82,932 to €128,776
- Depreciation -€13,492
down €13,492 (-88.6%), from €15,220 to €1,729
- Taxes +€12,395
up €12,395 (+89.3%), from €13,883 to €26,278
- Financial charges +€2,358
up €2,358 (+59.4%), from €3,966 to €6,324
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.
Cash bridge derived
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 | €172,610 | €207,722 | +€35,112 | +20.3% |
| Fixed assets | 21/28 | €79,708 | €2,239 | -€77,469 | -97.2% |
| Tangible fixed assets | 22/27 | €79,708 | €2,239 | -€77,469 | -97.2% |
| Plant, machinery and equipment | 23 | €790 | €462 | -€328 | -41.5% |
| Furniture and vehicles | 24 | €78,917 | €1,777 | -€77,140 | -97.7% |
| Current assets | 29/58 | €92,902 | €205,483 | +€112,581 | +121.2% |
| Amounts receivable within one year | 40/41 | €1,610 | €75,296 | +€73,686 | +4576.9% |
| Trade receivables | 40 | €518 | €71,774 | +€71,256 | +13769.3% |
| Other amounts receivable | 41 | €1,092 | €3,523 | +€2,430 | +222.5% |
| Cash at bank and in hand | 54/58 | €90,836 | €129,124 | +€38,288 | +42.2% |
| Deferred charges and accrued income | 490/1 | €456 | €1,063 | +€607 | +133.0% |
| Total equity and liabilities | 10/49 | €172,610 | €207,722 | +€35,112 | +20.3% |
| Equity | 10/15 | €88,538 | €182,099 | +€93,562 | +105.7% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,538 | €147,099 | +€93,562 | +174.8% |
| Amounts payable | 17/49 | €84,072 | €25,623 | -€58,449 | -69.5% |
| Amounts payable after more than one year | 17 | €52,289 | €0 | -€52,289 | -100.0% |
| Financial debts | 170/4 | €52,289 | €0 | -€52,289 | -100.0% |
| Amounts payable within one year | 42/48 | €31,783 | €25,623 | -€6,160 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €5,195 | €0 | -€5,195 | -100.0% |
| Trade debts | 44 | €1,218 | €6,358 | +€5,140 | +422.1% |
| Suppliers | 440/4 | €1,218 | €6,358 | +€5,140 | +422.1% |
| Taxes, remuneration and social security | 45 | €25,367 | €19,184 | -€6,183 | -24.4% |
| Taxes | 450/3 | €25,367 | €19,184 | -€6,183 | -24.4% |
| Other amounts payable | 47/48 | €3 | €81 | +€78 | +2252.5% |
| Non-recurring operating income | 76A | - | €13,902 | +€13,902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,220 | €1,729 | -€13,492 | -88.6% |
| Other operating charges | 640/8 | €46 | €885 | +€839 | +1822.9% |
| Gross operating margin | 9900 | €82,932 | €128,776 | +€45,844 | +55.3% |
| Operating profit (loss) | 9901 | €67,665 | €126,163 | +€58,497 | +86.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,966 | €6,324 | +€2,358 | +59.4% |
| Recurring financial charges | 65 | €3,966 | €6,324 | +€2,358 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €63,699 | €119,840 | +€56,141 | +88.1% |
| Income taxes | 67/77 | €13,883 | €26,278 | +€12,395 | +89.3% |
| Profit (loss) for the period | 9904 | €49,816 | €93,562 | +€43,746 | +87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,816 | €93,562 | +€43,746 | +87.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.