PHENICIE: 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.
PHENICIE
Largest movements
- Tangible fixed assets -€4,625
no longer reported in 2025 (was €4,625)
- Receivables within one year +€3,977
up €3,977 (+10.7%), from €37,054 to €41,031
of which Trade receivables: +€4,784
- Financial fixed assets +€1,080
new in 2025: €1,080
- Cash +€970
up €970 (+318%), from €305 to €1,275
mainly Trade debts (+€3,764) and Investment in fixed assets (net) (+€3,046)
- Trade debts +€3,764
up €3,764 (+267%), from €1,411 to €5,175
- Profit (loss) carried forward -€2,077
down €2,077 (-6.5%), from €32,014 to €29,937
- Other debts -€499
no longer reported in 2025 (was €499)
- Gross operating margin +€18,856
up €18,856, from -€9,809 to €9,046
- Depreciation -€10,180
down €10,180 (-95.3%), from €10,679 to €499
- Other operating charges +€4,740
up €4,740 (+716%), from €662 to €5,403
- Taxes +€2,785
up €2,785, from -€7 to €2,778
- Financial charges +€752
up €752 (+32.8%), from €2,296 to €3,049
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 | €41,984 | €43,386 | +€1,402 | +3.3% |
| Fixed assets | 21/28 | €4,625 | €1,080 | -€3,545 | -76.6% |
| Tangible fixed assets | 22/27 | €4,625 | - | -€4,625 | |
| Furniture and vehicles | 24 | €4,625 | - | -€4,625 | |
| Financial fixed assets | 28 | - | €1,080 | +€1,080 | |
| Current assets | 29/58 | €37,359 | €42,306 | +€4,947 | +13.2% |
| Amounts receivable within one year | 40/41 | €37,054 | €41,031 | +€3,977 | +10.7% |
| Trade receivables | 40 | €4,471 | €9,255 | +€4,784 | +107% |
| Other amounts receivable | 41 | €32,582 | €31,776 | -€806 | -2.5% |
| Cash at bank and in hand | 54/58 | €305 | €1,275 | +€970 | +318% |
| Total equity and liabilities | 10/49 | €41,984 | €43,386 | +€1,402 | +3.3% |
| Equity | 10/15 | €40,074 | €37,997 | -€2,077 | -5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,014 | €29,937 | -€2,077 | -6.5% |
| Amounts payable | 17/49 | €1,910 | €5,389 | +€3,479 | +182% |
| Amounts payable within one year | 42/48 | €1,910 | €5,389 | +€3,479 | +182% |
| Trade debts | 44 | €1,411 | €5,175 | +€3,764 | +267% |
| Suppliers | 440/4 | €1,411 | €5,175 | +€3,764 | +267% |
| Taxes, remuneration and social security | 45 | - | €214 | +€214 | |
| Taxes | 450/3 | - | €214 | +€214 | |
| Other amounts payable | 47/48 | €499 | - | -€499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,679 | €499 | -€10,180 | -95.3% |
| Other operating charges | 640/8 | €662 | €5,403 | +€4,740 | +716% |
| Gross operating margin | 9900 | -€9,809 | €9,046 | +€18,856 | |
| Operating profit (loss) | 9901 | -€21,151 | €3,145 | +€24,295 | |
| Financial income | 75/76B | - | €605 | +€605 | |
| Recurring financial income | 75 | - | €605 | +€605 | |
| Financial charges | 65/66B | €2,296 | €3,049 | +€752 | +32.8% |
| Recurring financial charges | 65 | €2,296 | €3,049 | +€752 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,447 | €701 | +€24,148 | |
| Income taxes | 67/77 | -€7 | €2,778 | +€2,785 | |
| Profit (loss) for the period | 9904 | -€23,440 | -€2,077 | +€21,363 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,440 | -€2,077 | +€21,363 | +91.1% |
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 17 October 2026 via checked.be.