FENIX REAL ESTATE DEVELOPMENT: what changed
FENIX REAL ESTATE DEVELOPMENT
Largest movements
- Stocks and contracts -€533,291
down €533,291 (-32.5%), from €1.6m to €1.1m
- Receivables within one year -€90,458
down €90,458 (-36.0%), from €251,442 to €160,983
of which Other amounts receivable: -€91,959
- Cash +€27,467
up €27,467 (+11,177%), from €246 to €27,713
mainly Stocks and contracts (+€533,291) and Other debts (+€270,417)
- Profit (loss) carried forward -€619,670
down €619,670 (-82.7%), from -€749,260 to -€1.4m
- Short-term financial debts -€450,000
down €450,000 (-36.0%), from €1.3m to €800,000
- Other debts +€270,417
up €270,417 (+28.2%), from €959,594 to €1.2m
- Trade debts +€201,284
up €201,284 (+3,597%), from €5,596 to €206,879
- Gross operating margin -€607,902
down €607,902, from €72,047 to -€535,854
- Financial income -€5,646
no longer reported in 2025 (was €5,646)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,893,500 | €1,297,219 | -€596,282 | -31.5% |
| Current assets | 29/58 | €1,893,500 | €1,297,219 | -€596,282 | -31.5% |
| Stocks and contracts in progress | 3 | €1,641,813 | €1,108,522 | -€533,291 | -32.5% |
| Contracts in progress | 37 | €1,641,813 | €1,108,522 | -€533,291 | -32.5% |
| Amounts receivable within one year | 40/41 | €251,442 | €160,983 | -€90,458 | -36.0% |
| Trade receivables | 40 | €16,858 | €18,359 | +€1,501 | +8.9% |
| Other amounts receivable | 41 | €234,583 | €142,624 | -€91,959 | -39.2% |
| Cash at bank and in hand | 54/58 | €246 | €27,713 | +€27,467 | +11,177% |
| Total equity and liabilities | 10/49 | €1,893,500 | €1,297,219 | -€596,282 | -31.5% |
| Equity | 10/15 | -€549,260 | -€1,168,930 | -€619,670 | -113% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€749,260 | -€1,368,930 | -€619,670 | -82.7% |
| Amounts payable | 17/49 | €2,442,761 | €2,466,149 | +€23,388 | +1.0% |
| Amounts payable after more than one year | 17 | €225,000 | €225,000 | = | 0.0% |
| Financial debts | 170/4 | €225,000 | €225,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,215,189 | €2,236,890 | +€21,701 | +1.0% |
| Financial debts | 43 | €1,250,000 | €800,000 | -€450,000 | -36.0% |
| Credit institutions | 430/8 | €1,250,000 | €800,000 | -€450,000 | -36.0% |
| Trade debts | 44 | €5,596 | €206,879 | +€201,284 | +3,597% |
| Suppliers | 440/4 | €5,596 | €206,879 | +€201,284 | +3,597% |
| Other amounts payable | 47/48 | €959,594 | €1,230,011 | +€270,417 | +28.2% |
| Accrued charges and deferred income | 492/3 | €2,571 | €4,258 | +€1,687 | +65.6% |
| Other operating charges | 640/8 | €2,539 | €2,700 | +€161 | +6.4% |
| Gross operating margin | 9900 | €72,047 | -€535,854 | -€607,902 | |
| Operating profit (loss) | 9901 | €69,509 | -€538,555 | -€608,063 | |
| Financial income | 75/76B | €5,646 | - | -€5,646 | |
| Recurring financial income | 75 | €5,646 | - | -€5,646 | |
| Financial charges | 65/66B | €78,735 | €81,115 | +€2,380 | +3.0% |
| Recurring financial charges | 65 | €78,735 | €81,115 | +€2,380 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,580 | -€619,670 | -€616,090 | -17,211% |
| Profit (loss) for the period | 9904 | -€3,580 | -€619,670 | -€616,090 | -17,211% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,580 | -€619,670 | -€616,090 | -17,211% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.