PHENICS: 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.
PHENICS
Largest movements
- Tangible fixed assets +€300,834
up €300,834 (+167.0%), from €180,181 to €481,015
of which Land and buildings: +€301,316
- Receivables after one year -€272,639
down €272,639 (-20.9%), from €1.3m to €1.0m
- Cash +€98,197
up €98,197 (+239.5%), from €41,009 to €139,206
mainly Receivables after one year (+€272,639) and Other debts (+€220,251)
- Other debts +€220,251
up €220,251 (+431.0%), from €51,097 to €271,348
- Reserves -€210,449
down €210,449 (-41.8%), from €503,359 to €292,911
of which Tax-exempt reserves: -€210,449
- Profit (loss) carried forward +€210,423
up €210,423 (+80.6%), from €261,159 to €471,581
- Provisions -€70,150
down €70,150 (-42.3%), from €165,726 to €95,577
- Debts after one year -€62,285
down €62,285 (-28.6%), from €217,609 to €155,323
- Taxes +€75,337
up €75,337 (+4508.1%), from €1,671 to €77,008
- Gross operating margin +€4,426
up €4,426 (+1807.8%), from €245 to €4,671
- Financial income -€1,660
down €1,660 (-6.9%), from €24,021 to €22,361
- Financial charges -€1,142
down €1,142 (-16.9%), from €6,756 to €5,613
- Depreciation -€154
down €154 (-1.3%), from €11,681 to €11,527
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 | €1,542,495 | €1,668,901 | +€126,406 | +8.2% |
| Fixed assets | 21/28 | €180,181 | €481,015 | +€300,834 | +167.0% |
| Tangible fixed assets | 22/27 | €180,181 | €481,015 | +€300,834 | +167.0% |
| Land and buildings | 22 | €178,526 | €479,842 | +€301,316 | +168.8% |
| Plant, machinery and equipment | 23 | €1,654 | €1,173 | -€481 | -29.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,362,314 | €1,187,886 | -€174,428 | -12.8% |
| Amounts receivable after more than one year | 29 | €1,306,702 | €1,034,063 | -€272,639 | -20.9% |
| Other amounts receivable | 291 | €1,306,702 | €1,034,063 | -€272,639 | -20.9% |
| Cash at bank and in hand | 54/58 | €41,009 | €139,206 | +€98,197 | +239.5% |
| Deferred charges and accrued income | 490/1 | €14,603 | €14,618 | +€14 | +0.1% |
| Total equity and liabilities | 10/49 | €1,542,495 | €1,668,901 | +€126,406 | +8.2% |
| Equity | 10/15 | €1,006,518 | €1,006,492 | -€26 | 0.0% |
| Contributions | 10/11 | €242,000 | €242,000 | = | 0.0% |
| Reserves | 13 | €503,359 | €292,911 | -€210,449 | -41.8% |
| Tax-exempt reserves | 132 | €497,179 | €286,731 | -€210,449 | -42.3% |
| Distributable reserves | 133 | €6,180 | €6,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €261,159 | €471,581 | +€210,423 | +80.6% |
| Provisions and deferred taxes | 16 | €165,726 | €95,577 | -€70,150 | -42.3% |
| Deferred taxes | 168 | €165,726 | €95,577 | -€70,150 | -42.3% |
| Amounts payable | 17/49 | €370,250 | €566,832 | +€196,582 | +53.1% |
| Amounts payable after more than one year | 17 | €217,609 | €155,323 | -€62,285 | -28.6% |
| Financial debts | 170/4 | €217,609 | €155,323 | -€62,285 | -28.6% |
| Amounts payable within one year | 42/48 | €151,800 | €410,642 | +€258,842 | +170.5% |
| Current portion of amounts payable after more than one year | 42 | €61,154 | €62,285 | +€1,132 | +1.9% |
| Trade debts | 44 | €2,996 | €0 | -€2,996 | -100.0% |
| Suppliers | 440/4 | €2,996 | €0 | -€2,996 | -100.0% |
| Taxes, remuneration and social security | 45 | €36,553 | €77,008 | +€40,455 | +110.7% |
| Taxes | 450/3 | €36,553 | €77,008 | +€40,455 | +110.7% |
| Other amounts payable | 47/48 | €51,097 | €271,348 | +€220,251 | +431.0% |
| Accrued charges and deferred income | 492/3 | €841 | €867 | +€26 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,681 | €11,527 | -€154 | -1.3% |
| Other operating charges | 640/8 | €3,082 | €3,059 | -€23 | -0.7% |
| Gross operating margin | 9900 | €245 | €4,671 | +€4,426 | +1807.8% |
| Operating profit (loss) | 9901 | -€14,518 | -€9,915 | +€4,603 | +31.7% |
| Financial income | 75/76B | €24,021 | €22,361 | -€1,660 | -6.9% |
| Recurring financial income | 75 | €24,021 | €22,361 | -€1,660 | -6.9% |
| Financial charges | 65/66B | €6,756 | €5,613 | -€1,142 | -16.9% |
| Recurring financial charges | 65 | €6,756 | €5,613 | -€1,142 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €2,747 | €6,833 | +€4,085 | +148.7% |
| Transfer from deferred taxes | 780 | €522 | €70,150 | +€69,628 | +13340.9% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €1,671 | €77,008 | +€75,337 | +4508.1% |
| Profit (loss) for the period | 9904 | €1,598 | -€26 | -€1,624 | |
| Transfer from tax-exempt reserves | 789 | €1,566 | €210,449 | +€208,883 | +13340.8% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €3,164 | €210,423 | +€207,259 | +6551.1% |
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 8 October 2026 via checked.be.