PHENICE: 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.
PHENICE
Largest movements
- Receivables within one year +€26,178
up €26,178 (+192.5%), from €13,596 to €39,774
of which Other amounts receivable: +€26,178
- Tangible fixed assets -€20,363
down €20,363 (-4.2%), from €482,771 to €462,409
of which Land and buildings: -€17,671
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€6,947
up €6,947 (+1286.1%), from €540 to €7,487
- Gross operating margin -€4,397
down €4,397 (-10.3%), from €42,832 to €38,435
- Taxes +€3,617
up €3,617 (+220.9%), from €1,637 to €5,254
- Other operating charges -€1,807
down €1,807 (-16.3%), from €11,056 to €9,249
- Depreciation +€797
up €797 (+2.9%), from €27,535 to €28,332
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 | €773,360 | €776,167 | +€2,807 | +0.4% |
| Fixed assets | 21/28 | €482,771 | €462,409 | -€20,363 | -4.2% |
| Tangible fixed assets | 22/27 | €482,771 | €462,409 | -€20,363 | -4.2% |
| Land and buildings | 22 | €479,593 | €461,922 | -€17,671 | -3.7% |
| Furniture and vehicles | 24 | €3,178 | €487 | -€2,691 | -84.7% |
| Current assets | 29/58 | €290,589 | €313,759 | +€23,170 | +8.0% |
| Amounts receivable within one year | 40/41 | €13,596 | €39,774 | +€26,178 | +192.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €13,596 | €39,774 | +€26,178 | +192.5% |
| Current investments | 50/53 | €194,000 | €190,000 | -€4,000 | -2.1% |
| Cash at bank and in hand | 54/58 | €79,121 | €81,411 | +€2,290 | +2.9% |
| Deferred charges and accrued income | 490/1 | €3,873 | €2,575 | -€1,298 | -33.5% |
| Total equity and liabilities | 10/49 | €773,360 | €776,167 | +€2,807 | +0.4% |
| Equity | 10/15 | €732,012 | €737,067 | +€5,055 | +0.7% |
| Contributions | 10/11 | €28,557 | €28,557 | = | 0.0% |
| Reserves | 13 | €691,328 | €696,374 | +€5,046 | +0.7% |
| Tax-exempt reserves | 132 | €63,723 | €59,308 | -€4,414 | -6.9% |
| Distributable reserves | 133 | €627,606 | €637,066 | +€9,460 | +1.5% |
| Profit (loss) carried forward | 14 | €12,126 | €12,136 | +€10 | +0.1% |
| Provisions and deferred taxes | 16 | €32,578 | €30,305 | -€2,273 | -7.0% |
| Deferred taxes | 168 | €32,578 | €30,305 | -€2,273 | -7.0% |
| Amounts payable | 17/49 | €8,770 | €8,794 | +€24 | +0.3% |
| Amounts payable within one year | 42/48 | €8,770 | €8,794 | +€24 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | €236 | +€236 | |
| Suppliers | 440/4 | €0 | €236 | +€236 | |
| Advances received on contracts in progress | 46 | €1,742 | €0 | -€1,742 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,478 | €3,008 | +€1,530 | +103.5% |
| Taxes | 450/3 | €1,478 | €3,008 | +€1,530 | +103.5% |
| Other amounts payable | 47/48 | €5,550 | €5,550 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,535 | €28,332 | +€797 | +2.9% |
| Other operating charges | 640/8 | €11,056 | €9,249 | -€1,807 | -16.3% |
| Gross operating margin | 9900 | €42,832 | €38,435 | -€4,397 | -10.3% |
| Operating profit (loss) | 9901 | €4,241 | €854 | -€3,386 | -79.9% |
| Financial income | 75/76B | €540 | €7,487 | +€6,947 | +1286.1% |
| Recurring financial income | 75 | €540 | €7,487 | +€6,947 | +1286.1% |
| Financial charges | 65/66B | €172 | €305 | +€133 | +77.0% |
| Recurring financial charges | 65 | €172 | €305 | +€133 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | €4,609 | €8,037 | +€3,428 | +74.4% |
| Transfer from deferred taxes | 780 | €2,273 | €2,273 | = | 0.0% |
| Income taxes | 67/77 | €1,637 | €5,254 | +€3,617 | +220.9% |
| Profit (loss) for the period | 9904 | €5,245 | €5,055 | -€189 | -3.6% |
| Transfer from tax-exempt reserves | 789 | €4,414 | €4,414 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,659 | €9,470 | -€189 | -2.0% |
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 7 October 2026 via checked.be.