Fenix Projects: 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 Projects
Largest movements
- Tangible fixed assets -€24,826
down €24,826 (-3.5%), from €704,247 to €679,421
- Debts after one year -€40,000
down €40,000 (-8.8%), from €453,333 to €413,334
- Profit (loss) carried forward +€16,302
up €16,302 (+6.0%), from -€273,155 to -€256,853
- Financial charges -€754
down €754 (-7.6%), from €9,945 to €9,192
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 | €720,178 | €696,480 | -€23,698 | -3.3% |
| Fixed assets | 21/28 | €704,247 | €679,421 | -€24,826 | -3.5% |
| Tangible fixed assets | 22/27 | €704,247 | €679,421 | -€24,826 | -3.5% |
| Land and buildings | 22 | €704,247 | €679,421 | -€24,826 | -3.5% |
| Current assets | 29/58 | €15,931 | €17,059 | +€1,128 | +7.1% |
| Amounts receivable within one year | 40/41 | €2,033 | - | -€2,033 | |
| Other amounts receivable | 41 | €2,033 | - | -€2,033 | |
| Cash at bank and in hand | 54/58 | €13,898 | €17,059 | +€3,161 | +22.7% |
| Total equity and liabilities | 10/49 | €720,178 | €696,480 | -€23,698 | -3.3% |
| Equity | 10/15 | €226,845 | €243,147 | +€16,302 | +7.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€273,155 | -€256,853 | +€16,302 | +6.0% |
| Amounts payable | 17/49 | €493,333 | €453,333 | -€40,000 | -8.1% |
| Amounts payable after more than one year | 17 | €453,333 | €413,334 | -€40,000 | -8.8% |
| Financial debts | 170/4 | €453,333 | €413,334 | -€40,000 | -8.8% |
| Amounts payable within one year | 42/48 | €40,000 | €40,000 | = | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,826 | €24,826 | = | 0.0% |
| Other operating charges | 640/8 | €4,136 | €4,179 | +€42 | +1.0% |
| Gross operating margin | 9900 | €54,578 | €54,498 | -€80 | -0.1% |
| Operating profit (loss) | 9901 | €25,616 | €25,494 | -€123 | -0.5% |
| Financial charges | 65/66B | €9,945 | €9,192 | -€754 | -7.6% |
| Recurring financial charges | 65 | €9,945 | €9,192 | -€754 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €15,671 | €16,302 | +€631 | +4.0% |
| Profit (loss) for the period | 9904 | €15,671 | €16,302 | +€631 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,671 | €16,302 | +€631 | +4.0% |
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 29 September 2026 via checked.be.