FENIX HOLDING: 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.
FENIX HOLDING
Largest movements
- Cash -€185,361
down €185,361 (-71.7%), from €258,368 to €73,007
mainly Debts after one year (-€410,434) and Other debts (-€188,664)
- Reserves +€450,510
up €450,510 (+47.1%), from €956,582 to €1.4m
of which Distributable reserves: +€427,743
- Debts after one year -€410,434
down €410,434 (-20.6%), from €2.0m to €1.6m
- Other debts -€188,664
down €188,664 (-78.6%), from €240,000 to €51,336
- Financial charges -€4,471
down €4,471 (-8.5%), from €52,786 to €48,316
- Financial income +€2,112
up €2,112 (+0.5%), from €436,552 to €438,664
- Gross operating margin -€1,832
down €1,832 (-2.7%), from €68,358 to €66,526
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 | €6,671,227 | €6,499,465 | -€171,762 | -2.6% |
| Fixed assets | 21/28 | €6,400,000 | €6,400,000 | = | 0.0% |
| Financial fixed assets | 28 | €6,400,000 | €6,400,000 | = | 0.0% |
| Current assets | 29/58 | €271,227 | €99,465 | -€171,762 | -63.3% |
| Amounts receivable within one year | 40/41 | €12,100 | €24,830 | +€12,730 | +105% |
| Trade receivables | 40 | €12,100 | €24,200 | +€12,100 | +100% |
| Other amounts receivable | 41 | - | €630 | +€630 | |
| Cash at bank and in hand | 54/58 | €258,368 | €73,007 | -€185,361 | -71.7% |
| Deferred charges and accrued income | 490/1 | €759 | €1,627 | +€868 | +114% |
| Total equity and liabilities | 10/49 | €6,671,227 | €6,499,465 | -€171,762 | -2.6% |
| Equity | 10/15 | €3,984,325 | €4,439,656 | +€455,332 | +11.4% |
| Contributions | 10/11 | €2,600,000 | €2,600,000 | = | 0.0% |
| Capital | 10 | €2,600,000 | €2,600,000 | = | 0.0% |
| Issued capital | 100 | €2,600,000 | €2,600,000 | = | 0.0% |
| Reserves | 13 | €956,582 | €1,407,091 | +€450,510 | +47.1% |
| Non-distributable reserves | 130/1 | €69,216 | €91,983 | +€22,767 | +32.9% |
| Legal reserve | 130 | €69,216 | €91,983 | +€22,767 | +32.9% |
| Distributable reserves | 133 | €887,366 | €1,315,109 | +€427,743 | +48.2% |
| Profit (loss) carried forward | 14 | €427,743 | €432,565 | +€4,822 | +1.1% |
| Amounts payable | 17/49 | €2,686,902 | €2,059,808 | -€627,094 | -23.3% |
| Amounts payable after more than one year | 17 | €1,994,457 | €1,584,023 | -€410,434 | -20.6% |
| Financial debts | 170/4 | €1,994,457 | €1,584,023 | -€410,434 | -20.6% |
| Amounts payable within one year | 42/48 | €671,446 | €471,286 | -€200,160 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €406,111 | €410,434 | +€4,323 | +1.1% |
| Trade debts | 44 | €5,445 | €6,383 | +€938 | +17.2% |
| Suppliers | 440/4 | €5,445 | €6,383 | +€938 | +17.2% |
| Taxes, remuneration and social security | 45 | €19,890 | €3,133 | -€16,757 | -84.2% |
| Taxes | 450/3 | €19,890 | €3,133 | -€16,757 | -84.2% |
| Other amounts payable | 47/48 | €240,000 | €51,336 | -€188,664 | -78.6% |
| Accrued charges and deferred income | 492/3 | €21,000 | €4,500 | -€16,500 | -78.6% |
| Other operating charges | 640/8 | €1,868 | €1,543 | -€325 | -17.4% |
| Gross operating margin | 9900 | €68,358 | €66,526 | -€1,832 | -2.7% |
| Operating profit (loss) | 9901 | €66,490 | €64,983 | -€1,507 | -2.3% |
| Financial income | 75/76B | €436,552 | €438,664 | +€2,112 | +0.5% |
| Recurring financial income | 75 | €436,552 | €438,664 | +€2,112 | +0.5% |
| Financial charges | 65/66B | €52,786 | €48,316 | -€4,471 | -8.5% |
| Recurring financial charges | 65 | €52,786 | €48,316 | -€4,471 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €450,256 | €455,332 | +€5,076 | +1.1% |
| Profit (loss) for the period | 9904 | €450,256 | €455,332 | +€5,076 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €450,256 | €455,332 | +€5,076 | +1.1% |
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 26 October 2026 via checked.be.