LE PHENICIEN: 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.
LE PHENICIEN
Largest movements
- Tangible fixed assets -€5,473
down €5,473 (-17.5%), from €31,244 to €25,771
of which Furniture and vehicles: -€3,445
- Cash +€1,071
new in 2025: €1,071
mainly Depreciation (+€5,474) and Tax, wage and social debts (+€2,746)
- Trade debts -€5,129
down €5,129 (-71.8%), from €7,144 to €2,015
- Short-term financial debts -€3,376
down €3,376 (-45.3%), from €7,458 to €4,082
- Tax, wage and social debts +€2,746
up €2,746 (+354.3%), from €775 to €3,521
- Profit (loss) carried forward +€713
up €713 (+8.6%), from -€8,335 to -€7,622
- Other debts +€572
up €572 (+10.4%), from €5,509 to €6,081
- Staff costs -€19,655
down €19,655 (-95.0%), from €20,685 to €1,030
- Gross operating margin -€7,005
down €7,005 (-38.4%), from €18,230 to €11,225
- Turnover -€2,522
down €2,522 (-3.0%), from €83,212 to €80,690
- Depreciation -€2,089
down €2,089 (-27.6%), from €7,563 to €5,474
- Purchases and services +€1,833
up €1,833 (+2.7%), from €67,631 to €69,464
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 | €33,002 | €28,528 | -€4,474 | -13.6% |
| Fixed assets | 21/28 | €31,244 | €25,771 | -€5,473 | -17.5% |
| Tangible fixed assets | 22/27 | €31,244 | €25,771 | -€5,473 | -17.5% |
| Land and buildings | 22 | €8,160 | €7,437 | -€723 | -8.9% |
| Plant, machinery and equipment | 23 | €13,053 | €11,748 | -€1,305 | -10.0% |
| Furniture and vehicles | 24 | €10,031 | €6,586 | -€3,445 | -34.3% |
| Current assets | 29/58 | €1,758 | €2,757 | +€999 | +56.8% |
| Stocks and contracts in progress | 3 | €1,270 | €1,270 | = | 0.0% |
| Stocks | 30/36 | €1,270 | €1,270 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €488 | €416 | -€72 | -14.8% |
| Other amounts receivable | 41 | €488 | €416 | -€72 | -14.8% |
| Cash at bank and in hand | 54/58 | - | €1,071 | +€1,071 | |
| Total equity and liabilities | 10/49 | €33,002 | €28,528 | -€4,474 | -13.6% |
| Equity | 10/15 | €12,116 | €12,829 | +€713 | +5.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,701 | €1,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,701 | €1,701 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,701 | €1,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,335 | -€7,622 | +€713 | +8.6% |
| Amounts payable | 17/49 | €20,886 | €15,699 | -€5,187 | -24.8% |
| Amounts payable within one year | 42/48 | €20,886 | €15,699 | -€5,187 | -24.8% |
| Financial debts | 43 | €7,458 | €4,082 | -€3,376 | -45.3% |
| Credit institutions | 430/8 | €7,458 | €4,082 | -€3,376 | -45.3% |
| Trade debts | 44 | €7,144 | €2,015 | -€5,129 | -71.8% |
| Suppliers | 440/4 | €7,144 | €2,015 | -€5,129 | -71.8% |
| Taxes, remuneration and social security | 45 | €775 | €3,521 | +€2,746 | +354.3% |
| Taxes | 450/3 | €775 | €3,521 | +€2,746 | +354.3% |
| Other amounts payable | 47/48 | €5,509 | €6,081 | +€572 | +10.4% |
| Turnover | 70 | €83,212 | €80,690 | -€2,522 | -3.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €67,631 | €69,464 | +€1,833 | +2.7% |
| Remuneration, social security and pensions | 62 | €20,685 | €1,030 | -€19,655 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,563 | €5,474 | -€2,089 | -27.6% |
| Other operating charges | 640/8 | €2,857 | €2,017 | -€840 | -29.4% |
| Gross operating margin | 9900 | €18,230 | €11,225 | -€7,005 | -38.4% |
| Operating profit (loss) | 9901 | -€12,875 | €2,704 | +€15,579 | |
| Financial income | 75/76B | €667 | - | -€667 | |
| Recurring financial income | 75 | €667 | - | -€667 | |
| Financial charges | 65/66B | €667 | €1,338 | +€671 | +100.6% |
| Recurring financial charges | 65 | €667 | €1,338 | +€671 | +100.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,875 | €1,366 | +€14,241 | |
| Income taxes | 67/77 | €230 | €653 | +€423 | +183.9% |
| Profit (loss) for the period | 9904 | -€13,105 | €713 | +€13,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,105 | €713 | +€13,818 |
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 10 October 2026 via checked.be.