Fenix Office: 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 Office
Largest movements
- Receivables within one year -€139,854
down €139,854 (-76.3%), from €183,345 to €43,491
of which Trade receivables: -€139,883
- Tangible fixed assets -€109,300
down €109,300 (-1.1%), from €9.7m to €9.6m
of which Assets under construction and advance payments: -€1.0m
- Debts after one year -€222,858
down €222,858 (-2.3%), from €9.8m to €9.5m
- Trade debts -€159,478
down €159,478 (-90.8%), from €175,541 to €16,063
- Gross operating margin +€623,295
up €623,295 (+550.2%), from €113,277 to €736,572
- Financial charges -€163,404
down €163,404 (-32.5%), from €503,309 to €339,904
- Depreciation +€52,926
up €52,926 (+28.7%), from €184,389 to €237,316
- Other operating charges -€14,909
down €14,909 (-12.5%), from €119,499 to €104,590
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 | €10,265,406 | €9,936,126 | -€329,280 | -3.2% |
| Fixed assets | 21/28 | €9,671,534 | €9,562,234 | -€109,300 | -1.1% |
| Tangible fixed assets | 22/27 | €9,667,410 | €9,558,110 | -€109,300 | -1.1% |
| Land and buildings | 22 | €8,627,933 | €9,373,146 | +€745,213 | +8.6% |
| Plant, machinery and equipment | 23 | - | €184,964 | +€184,964 | |
| Assets under construction and advance payments | 27 | €1,039,478 | €0 | -€1.0m | -100.0% |
| Financial fixed assets | 28 | €4,124 | €4,124 | = | 0.0% |
| Current assets | 29/58 | €593,871 | €373,892 | -€219,980 | -37.0% |
| Amounts receivable within one year | 40/41 | €183,345 | €43,491 | -€139,854 | -76.3% |
| Trade receivables | 40 | €183,345 | €43,462 | -€139,883 | -76.3% |
| Other amounts receivable | 41 | - | €29 | +€29 | |
| Cash at bank and in hand | 54/58 | €398,041 | €309,225 | -€88,816 | -22.3% |
| Deferred charges and accrued income | 490/1 | €12,485 | €21,175 | +€8,690 | +69.6% |
| Total equity and liabilities | 10/49 | €10,265,406 | €9,936,126 | -€329,280 | -3.2% |
| Equity | 10/15 | €241,755 | €296,615 | +€54,859 | +22.7% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€958,245 | -€903,385 | +€54,859 | +5.7% |
| Amounts payable | 17/49 | €10,023,651 | €9,639,511 | -€384,140 | -3.8% |
| Amounts payable after more than one year | 17 | €9,750,000 | €9,527,142 | -€222,858 | -2.3% |
| Financial debts | 170/4 | €9,750,000 | €9,527,142 | -€222,858 | -2.3% |
| Amounts payable within one year | 42/48 | €175,541 | €16,063 | -€159,478 | -90.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €175,541 | €16,063 | -€159,478 | -90.8% |
| Suppliers | 440/4 | €175,541 | €16,063 | -€159,478 | -90.8% |
| Accrued charges and deferred income | 492/3 | €98,109 | €96,306 | -€1,804 | -1.8% |
| Non-recurring operating income | 76A | €111,203 | €0 | -€111,203 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,389 | €237,316 | +€52,926 | +28.7% |
| Other operating charges | 640/8 | €119,499 | €104,590 | -€14,909 | -12.5% |
| Gross operating margin | 9900 | €113,277 | €736,572 | +€623,295 | +550.2% |
| Operating profit (loss) | 9901 | -€190,611 | €394,666 | +€585,277 | |
| Financial income | 75/76B | - | €97 | +€97 | |
| Recurring financial income | 75 | - | €97 | +€97 | |
| Financial charges | 65/66B | €503,309 | €339,904 | -€163,404 | -32.5% |
| Recurring financial charges | 65 | €503,309 | €339,904 | -€163,404 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€693,920 | €54,859 | +€748,779 | |
| Profit (loss) for the period | 9904 | -€693,920 | €54,859 | +€748,779 | |
| Profit (loss) for the period to be appropriated | 9905 | -€693,920 | €54,859 | +€748,779 |
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 3 October 2026 via checked.be.