Fenix Workspace: 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 Workspace
Largest movements
- Receivables within one year -€181,296
down €181,296 (-62.4%), from €290,498 to €109,202
of which Trade receivables: -€181,316
- Tangible fixed assets -€147,843
down €147,843 (-1.3%), from €11.3m to €11.1m
of which Assets under construction and advance payments: -€874,373
- Trade debts -€218,532
down €218,532 (-93.2%), from €234,600 to €16,068
- Debts after one year -€123,045
down €123,045 (-1.1%), from €11.3m to €11.1m
- Gross operating margin +€615,894
up €615,894 (+553.3%), from €111,309 to €727,202
- Financial charges -€96,631
down €96,631 (-19.7%), from €490,148 to €393,517
- Depreciation +€38,340
up €38,340 (+16.8%), from €228,145 to €266,486
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 | €11,913,351 | €11,496,496 | -€416,854 | -3.5% |
| Fixed assets | 21/28 | €11,299,503 | €11,151,660 | -€147,843 | -1.3% |
| Tangible fixed assets | 22/27 | €11,295,846 | €11,148,003 | -€147,843 | -1.3% |
| Land and buildings | 22 | €10,421,473 | €11,008,672 | +€587,199 | +5.6% |
| Plant, machinery and equipment | 23 | - | €139,330 | +€139,330 | |
| Assets under construction and advance payments | 27 | €874,373 | €0 | -€874,373 | -100.0% |
| Financial fixed assets | 28 | €3,657 | €3,657 | = | 0.0% |
| Current assets | 29/58 | €613,847 | €344,836 | -€269,011 | -43.8% |
| Amounts receivable within one year | 40/41 | €290,498 | €109,202 | -€181,296 | -62.4% |
| Trade receivables | 40 | €290,498 | €109,183 | -€181,316 | -62.4% |
| Other amounts receivable | 41 | - | €20 | +€20 | |
| Cash at bank and in hand | 54/58 | €323,003 | €214,459 | -€108,544 | -33.6% |
| Deferred charges and accrued income | 490/1 | €346 | €21,175 | +€20,829 | +6027.9% |
| Total equity and liabilities | 10/49 | €11,913,351 | €11,496,496 | -€416,854 | -3.5% |
| Equity | 10/15 | €238,319 | €204,326 | -€33,993 | -14.3% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€961,681 | -€995,674 | -€33,993 | -3.5% |
| Amounts payable | 17/49 | €11,675,032 | €11,292,170 | -€382,862 | -3.3% |
| Amounts payable after more than one year | 17 | €11,250,000 | €11,126,955 | -€123,045 | -1.1% |
| Financial debts | 170/4 | €11,250,000 | €11,126,955 | -€123,045 | -1.1% |
| Amounts payable within one year | 42/48 | €294,375 | €16,068 | -€278,306 | -94.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €234,600 | €16,068 | -€218,532 | -93.2% |
| Suppliers | 440/4 | €234,600 | €16,068 | -€218,532 | -93.2% |
| Other amounts payable | 47/48 | €59,774 | €0 | -€59,774 | -100.0% |
| Accrued charges and deferred income | 492/3 | €130,657 | €149,147 | +€18,490 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,145 | €266,486 | +€38,340 | +16.8% |
| Other operating charges | 640/8 | €98,039 | €101,258 | +€3,219 | +3.3% |
| Gross operating margin | 9900 | €111,309 | €727,202 | +€615,894 | +553.3% |
| Operating profit (loss) | 9901 | -€214,876 | €359,459 | +€574,335 | |
| Financial income | 75/76B | €0 | €65 | +€65 | |
| Recurring financial income | 75 | €0 | €65 | +€65 | |
| Financial charges | 65/66B | €490,148 | €393,517 | -€96,631 | -19.7% |
| Recurring financial charges | 65 | €490,148 | €393,517 | -€96,631 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€705,023 | -€33,993 | +€671,031 | +95.2% |
| Profit (loss) for the period | 9904 | -€705,023 | -€33,993 | +€671,031 | +95.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€705,023 | -€33,993 | +€671,031 | +95.2% |
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 30 September 2026 via checked.be.