Fhénix: 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.
Fhénix
Largest movements
- Cash +€14,672
up €14,672 (+12.7%), from €115,958 to €130,630
mainly Net result for the year (+€8,280) and Receivables within one year (+€6,243)
- Receivables within one year -€6,243
down €6,243 (-10.0%), from €62,386 to €56,142
of which Trade receivables: -€6,374
- Profit (loss) carried forward +€8,280
up €8,280 (+5.9%), from €140,441 to €148,722
- Trade debts +€1,955
up €1,955, from €0 to €1,955
- Gross operating margin +€5,041
up €5,041 (+42.4%), from €11,901 to €16,942
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 | €179,048 | €187,483 | +€8,435 | +4.7% |
| Fixed assets | 21/28 | €120 | €120 | = | 0.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €178,928 | €187,363 | +€8,435 | +4.7% |
| Amounts receivable within one year | 40/41 | €62,386 | €56,142 | -€6,243 | -10.0% |
| Trade receivables | 40 | €61,677 | €55,303 | -€6,374 | -10.3% |
| Other amounts receivable | 41 | €709 | €840 | +€131 | +18.4% |
| Cash at bank and in hand | 54/58 | €115,958 | €130,630 | +€14,672 | +12.7% |
| Deferred charges and accrued income | 490/1 | €585 | €591 | +€6 | +1.0% |
| Total equity and liabilities | 10/49 | €179,048 | €187,483 | +€8,435 | +4.7% |
| Equity | 10/15 | €161,188 | €169,468 | +€8,280 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,147 | €2,147 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,147 | €2,147 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,147 | €2,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,441 | €148,722 | +€8,280 | +5.9% |
| Amounts payable | 17/49 | €17,860 | €18,015 | +€155 | +0.9% |
| Amounts payable within one year | 42/48 | €17,860 | €18,015 | +€155 | +0.9% |
| Trade debts | 44 | €0 | €1,955 | +€1,955 | |
| Suppliers | 440/4 | €0 | €1,955 | +€1,955 | |
| Taxes, remuneration and social security | 45 | €3,118 | €3,113 | -€5 | -0.1% |
| Taxes | 450/3 | €3,118 | €3,113 | -€5 | -0.1% |
| Other amounts payable | 47/48 | €14,742 | €12,946 | -€1,796 | -12.2% |
| Other operating charges | 640/8 | €280 | €399 | +€119 | +42.5% |
| Non-recurring operating charges | 66A | - | €5,000 | +€5,000 | |
| Gross operating margin | 9900 | €11,901 | €16,942 | +€5,041 | +42.4% |
| Operating profit (loss) | 9901 | €11,621 | €11,543 | -€78 | -0.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €179 | €150 | -€30 | -16.6% |
| Recurring financial charges | 65 | €179 | €150 | -€30 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €11,441 | €11,393 | -€48 | -0.4% |
| Income taxes | 67/77 | €3,280 | €3,113 | -€167 | -5.1% |
| Profit (loss) for the period | 9904 | €8,161 | €8,280 | +€119 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,161 | €8,280 | +€119 | +1.5% |
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 4 October 2026 via checked.be.