FIENIX: 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.
FIENIX
Largest movements
- Deferred charges and accrued income +€12,102
up €12,102 (+2,430%), from €498 to €12,600
- Receivables after one year -€5,567
down €5,567 (-8.1%), from €69,000 to €63,433
- Tangible fixed assets -€866
down €866 (-48.9%), from €1,772 to €906
- Other debts +€10,836
up €10,836 (+48.5%), from €22,329 to €33,165
- Current portion of long-term debt -€7,728
down €7,728 (-67.3%), from €11,481 to €3,753
- Debts after one year -€3,753
down €3,753 (-28.9%), from €13,008 to €9,254
- Tax, wage and social debts +€3,235
up €3,235 (+288%), from €1,123 to €4,358
of which Remuneration and social security: +€2,487
- Reserves +€2,428
up €2,428 (+14.8%), from €16,426 to €18,854
- Depreciation -€842
down €842 (-33.5%), from €2,515 to €1,673
- Gross operating margin -€479
down €479 (-7.3%), from €6,595 to €6,116
- Financial charges -€298
down €298 (-41.3%), from €721 to €423
- Other operating charges +€91
up €91 (+14.2%), from €644 to €735
- Taxes +€89
up €89 (+11.7%), from €768 to €857
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.
Derived cash bridge
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 | €75,928 | €81,280 | +€5,352 | +7.0% |
| Fixed assets | 21/28 | €1,772 | €906 | -€866 | -48.9% |
| Tangible fixed assets | 22/27 | €1,772 | €906 | -€866 | -48.9% |
| Plant, machinery and equipment | 23 | €1,772 | €906 | -€866 | -48.9% |
| Current assets | 29/58 | €74,157 | €80,375 | +€6,218 | +8.4% |
| Amounts receivable after more than one year | 29 | €69,000 | €63,433 | -€5,567 | -8.1% |
| Trade receivables | 290 | €69,000 | €63,433 | -€5,567 | -8.1% |
| Stocks and contracts in progress | 3 | €4,316 | €4,316 | = | 0.0% |
| Stocks | 30/36 | €4,316 | €4,316 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37 | - | -€37 | |
| Trade receivables | 40 | €37 | - | -€37 | |
| Cash at bank and in hand | 54/58 | €306 | €26 | -€280 | -91.4% |
| Deferred charges and accrued income | 490/1 | €498 | €12,600 | +€12,102 | +2,430% |
| Total equity and liabilities | 10/49 | €75,928 | €81,280 | +€5,352 | +7.0% |
| Equity | 10/15 | €22,104 | €24,532 | +€2,428 | +11.0% |
| Contributions | 10/11 | €5,679 | €5,679 | = | 0.0% |
| Reserves | 13 | €16,426 | €18,854 | +€2,428 | +14.8% |
| Distributable reserves | 133 | €16,426 | €18,854 | +€2,428 | +14.8% |
| Amounts payable | 17/49 | €53,824 | €56,748 | +€2,924 | +5.4% |
| Amounts payable after more than one year | 17 | €13,008 | €9,254 | -€3,753 | -28.9% |
| Financial debts | 170/4 | €13,008 | €9,254 | -€3,753 | -28.9% |
| Amounts payable within one year | 42/48 | €37,776 | €44,655 | +€6,879 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €11,481 | €3,753 | -€7,728 | -67.3% |
| Financial debts | 43 | €143 | €42 | -€101 | -70.7% |
| Credit institutions | 430/8 | €143 | €42 | -€101 | -70.7% |
| Trade debts | 44 | €2,699 | €3,337 | +€638 | +23.6% |
| Suppliers | 440/4 | €2,699 | €3,337 | +€638 | +23.6% |
| Taxes, remuneration and social security | 45 | €1,123 | €4,358 | +€3,235 | +288% |
| Taxes | 450/3 | €1,123 | €1,871 | +€748 | +66.7% |
| Remuneration and social security | 454/9 | - | €2,487 | +€2,487 | |
| Other amounts payable | 47/48 | €22,329 | €33,165 | +€10,836 | +48.5% |
| Accrued charges and deferred income | 492/3 | €3,041 | €2,839 | -€202 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,515 | €1,673 | -€842 | -33.5% |
| Other operating charges | 640/8 | €644 | €735 | +€91 | +14.2% |
| Gross operating margin | 9900 | €6,595 | €6,116 | -€479 | -7.3% |
| Operating profit (loss) | 9901 | €3,436 | €3,708 | +€272 | +7.9% |
| Financial charges | 65/66B | €721 | €423 | -€298 | -41.3% |
| Recurring financial charges | 65 | €721 | €423 | -€298 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €2,715 | €3,285 | +€570 | +21.0% |
| Income taxes | 67/77 | €768 | €857 | +€89 | +11.7% |
| Profit (loss) for the period | 9904 | €1,947 | €2,428 | +€481 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,947 | €2,428 | +€481 | +24.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.