FENIXUS: 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.
FENIXUS
Largest movements
- Receivables within one year +€89,251
up €89,251 (+26.4%), from €337,991 to €427,243
of which Trade receivables: +€274,150
- Deferred charges and accrued income -€41,482
down €41,482 (-44.3%), from €93,637 to €52,155
- Tangible fixed assets -€28,121
down €28,121 (-7.7%), from €364,484 to €336,363
of which Land and buildings: -€26,030
- Trade debts -€87,739
down €87,739 (-94.9%), from €92,428 to €4,689
- Other debts +€73,912
up €73,912 (+13.5%), from €546,014 to €619,926
- Accrued charges and deferred income +€48,000
new in 2025: €48,000
- Tax, wage and social debts -€34,076
down €34,076 (-62.3%), from €54,658 to €20,582
of which Taxes: -€40,377
- Short-term financial debts +€33,595
new in 2025: €33,595
- Financial charges -€171,150
down €171,150 (-92.5%), from €185,015 to €13,864
of which Non-recurring financial charges: -€149,081
- Other operating charges +€35,638
up €35,638 (+582.9%), from €6,114 to €41,753
- Gross operating margin +€23,741
up €23,741 (+32.8%), from €72,314 to €96,055
- Write-downs +€17,607
new in 2025: €17,607
- Taxes +€12,851
up €12,851 (+240.7%), from €5,339 to €18,191
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,049,812 | €1,079,127 | +€29,315 | +2.8% |
| Fixed assets | 21/28 | €364,684 | €336,563 | -€28,121 | -7.7% |
| Tangible fixed assets | 22/27 | €364,484 | €336,363 | -€28,121 | -7.7% |
| Land and buildings | 22 | €358,382 | €332,352 | -€26,030 | -7.3% |
| Plant, machinery and equipment | 23 | €1,271 | €678 | -€593 | -46.7% |
| Furniture and vehicles | 24 | €4,831 | €3,333 | -€1,497 | -31.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €685,129 | €742,564 | +€57,435 | +8.4% |
| Amounts receivable after more than one year | 29 | €253,500 | €263,167 | +€9,667 | +3.8% |
| Other amounts receivable | 291 | €253,500 | €263,167 | +€9,667 | +3.8% |
| Amounts receivable within one year | 40/41 | €337,991 | €427,243 | +€89,251 | +26.4% |
| Trade receivables | 40 | €79,217 | €353,367 | +€274,150 | +346.1% |
| Other amounts receivable | 41 | €258,774 | €73,875 | -€184,899 | -71.5% |
| Deferred charges and accrued income | 490/1 | €93,637 | €52,155 | -€41,482 | -44.3% |
| Total equity and liabilities | 10/49 | €1,049,812 | €1,079,127 | +€29,315 | +2.8% |
| Equity | 10/15 | -€224,919 | -€229,297 | -€4,377 | -1.9% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €1,158,493 | €1,158,493 | = | 0.0% |
| Distributable reserves | 133 | €1,158,493 | €1,158,493 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,396,412 | -€1,400,790 | -€4,377 | -0.3% |
| Amounts payable | 17/49 | €1,274,731 | €1,308,424 | +€33,692 | +2.6% |
| Amounts payable after more than one year | 17 | €413,884 | €413,884 | = | 0.0% |
| Financial debts | 170/4 | €413,884 | €413,884 | = | 0.0% |
| Amounts payable within one year | 42/48 | €860,847 | €846,539 | -€14,308 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €167,748 | €167,748 | = | 0.0% |
| Financial debts | 43 | - | €33,595 | +€33,595 | |
| Credit institutions | 430/8 | - | €33,595 | +€33,595 | |
| Trade debts | 44 | €92,428 | €4,689 | -€87,739 | -94.9% |
| Suppliers | 440/4 | €92,428 | €4,689 | -€87,739 | -94.9% |
| Taxes, remuneration and social security | 45 | €54,658 | €20,582 | -€34,076 | -62.3% |
| Taxes | 450/3 | €54,658 | €14,281 | -€40,377 | -73.9% |
| Remuneration and social security | 454/9 | - | €6,301 | +€6,301 | |
| Other amounts payable | 47/48 | €546,014 | €619,926 | +€73,912 | +13.5% |
| Accrued charges and deferred income | 492/3 | - | €48,000 | +€48,000 | |
| Remuneration, social security and pensions | 62 | - | €279 | +€279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,025 | €28,121 | +€96 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,607 | +€17,607 | |
| Other operating charges | 640/8 | €6,114 | €41,753 | +€35,638 | +582.9% |
| Gross operating margin | 9900 | €72,314 | €96,055 | +€23,741 | +32.8% |
| Operating profit (loss) | 9901 | €38,175 | €8,296 | -€29,879 | -78.3% |
| Financial income | 75/76B | €12,617 | €19,382 | +€6,765 | +53.6% |
| Recurring financial income | 75 | €12,617 | €19,382 | +€6,765 | +53.6% |
| Financial charges | 65/66B | €185,015 | €13,864 | -€171,150 | -92.5% |
| Recurring financial charges | 65 | €35,934 | €13,864 | -€22,069 | -61.4% |
| Non-recurring financial charges | 66B | €149,081 | - | -€149,081 | |
| Profit (loss) for the period before taxes | 9903 | -€134,223 | €13,813 | +€148,036 | |
| Income taxes | 67/77 | €5,339 | €18,191 | +€12,851 | +240.7% |
| Profit (loss) for the period | 9904 | -€139,563 | -€4,377 | +€135,185 | +96.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,563 | -€4,377 | +€135,185 | +96.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.