PHENICIA: 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.
PHENICIA
Largest movements
- Current investments -€90,455
down €90,455 (-54.1%), from €167,086 to €76,632
- Receivables within one year +€65,798
up €65,798 (+44.7%), from €147,072 to €212,870
of which Other amounts receivable: +€59,767
- Tangible fixed assets -€16,966
down €16,966 (-9.4%), from €179,830 to €162,864
of which Other tangible fixed assets: -€12,325
- Tax, wage and social debts -€22,584
down €22,584 (-50.9%), from €44,330 to €21,746
- Reserves -€16,209
down €16,209 (-1.1%), from €1.4m to €1.4m
- Financial income +€24,260
up €24,260 (+107%), from €22,670 to €46,930
- Taxes -€14,900
down €14,900 (-32.7%), from €45,601 to €30,701
- Gross operating margin +€14,432
up €14,432 (+23.4%), from €61,727 to €76,159
- Other operating charges +€1,968
up €1,968 (+5.8%), from €33,773 to €35,741
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 | €1,497,812 | €1,459,230 | -€38,582 | -2.6% |
| Fixed assets | 21/28 | €179,830 | €162,864 | -€16,966 | -9.4% |
| Tangible fixed assets | 22/27 | €179,830 | €162,864 | -€16,966 | -9.4% |
| Land and buildings | 22 | €76,753 | €73,580 | -€3,173 | -4.1% |
| Plant, machinery and equipment | 23 | €2,790 | €2,184 | -€606 | -21.7% |
| Furniture and vehicles | 24 | €2,515 | €1,653 | -€862 | -34.3% |
| Other tangible fixed assets | 26 | €97,772 | €85,447 | -€12,325 | -12.6% |
| Current assets | 29/58 | €1,317,982 | €1,296,366 | -€21,616 | -1.6% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €147,072 | €212,870 | +€65,798 | +44.7% |
| Trade receivables | 40 | €0 | €6,031 | +€6,031 | |
| Other amounts receivable | 41 | €147,072 | €206,840 | +€59,767 | +40.6% |
| Current investments | 50/53 | €167,086 | €76,632 | -€90,455 | -54.1% |
| Cash at bank and in hand | 54/58 | €1,198 | €0 | -€1,198 | -100% |
| Deferred charges and accrued income | 490/1 | €2,626 | €6,864 | +€4,238 | +161% |
| Total equity and liabilities | 10/49 | €1,497,812 | €1,459,230 | -€38,582 | -2.6% |
| Equity | 10/15 | €1,433,142 | €1,415,494 | -€17,649 | -1.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,413,153 | €1,396,944 | -€16,209 | -1.1% |
| Distributable reserves | 133 | €1,413,153 | €1,396,944 | -€16,209 | -1.1% |
| Profit (loss) carried forward | 14 | €1,440 | €0 | -€1,440 | -100% |
| Amounts payable | 17/49 | €64,670 | €43,737 | -€20,933 | -32.4% |
| Amounts payable within one year | 42/48 | €60,295 | €43,737 | -€16,558 | -27.5% |
| Financial debts | 43 | €2,478 | €8,552 | +€6,074 | +245% |
| Credit institutions | 430/8 | €2,478 | €8,552 | +€6,074 | +245% |
| Trade debts | 44 | €11,626 | €11,635 | +€8 | +0.1% |
| Suppliers | 440/4 | €11,626 | €11,635 | +€8 | +0.1% |
| Taxes, remuneration and social security | 45 | €44,330 | €21,746 | -€22,584 | -50.9% |
| Taxes | 450/3 | €44,330 | €21,746 | -€22,584 | -50.9% |
| Other amounts payable | 47/48 | €1,861 | €1,804 | -€57 | -3.0% |
| Accrued charges and deferred income | 492/3 | €4,375 | €0 | -€4,375 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,599 | €19,231 | +€632 | +3.4% |
| Other operating charges | 640/8 | €33,773 | €35,741 | +€1,968 | +5.8% |
| Gross operating margin | 9900 | €61,727 | €76,159 | +€14,432 | +23.4% |
| Operating profit (loss) | 9901 | €9,355 | €21,187 | +€11,832 | +126% |
| Financial income | 75/76B | €22,670 | €46,930 | +€24,260 | +107% |
| Recurring financial income | 75 | €22,670 | €46,930 | +€24,260 | +107% |
| Financial charges | 65/66B | €2,525 | €3,260 | +€736 | +29.1% |
| Recurring financial charges | 65 | €2,525 | €3,260 | +€736 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €29,501 | €64,857 | +€35,356 | +120% |
| Income taxes | 67/77 | €45,601 | €30,701 | -€14,900 | -32.7% |
| Profit (loss) for the period | 9904 | -€16,100 | €34,155 | +€50,256 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,100 | €34,155 | +€50,256 |
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 15 October 2026 via checked.be.