PHENIKS: 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.
PHENIKS
Largest movements
- Receivables within one year -€10,891
down €10,891 (-97.5%), from €11,174 to €283
of which Trade receivables: -€9,680
- Cash +€5,033
up €5,033 (+127%), from €3,970 to €9,003
mainly Net result for the year (+€85,503) and Trade debts (+€37,642)
- Debts after one year -€93,041
down €93,041 (-62.7%), from €148,347 to €55,305
- Reserves +€78,338
up €78,338 (+58.5%), from €133,989 to €212,328
- Trade debts +€37,642
up €37,642 (+523%), from €7,201 to €44,843
- Tax, wage and social debts -€27,324
down €27,324 (-71.5%), from €38,206 to €10,883
- Gross operating margin -€57,997
down €57,997 (-83.3%), from €69,659 to €11,661
- Taxes -€17,165
down €17,165 (-66.3%), from €25,905 to €8,740
- Financial income -€7,978
down €7,978 (-8.1%), from €98,000 to €90,022
- Financial charges -€2,154
down €2,154 (-31.2%), from €6,901 to €4,747
- Other operating charges +€1,831
up €1,831 (+212%), from €863 to €2,694
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 | €465,144 | €459,286 | -€5,858 | -1.3% |
| Fixed assets | 21/28 | €450,000 | €450,000 | = | 0.0% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €15,144 | €9,286 | -€5,858 | -38.7% |
| Amounts receivable within one year | 40/41 | €11,174 | €283 | -€10,891 | -97.5% |
| Trade receivables | 40 | €9,680 | €0 | -€9,680 | -100% |
| Other amounts receivable | 41 | €1,494 | €283 | -€1,211 | -81.1% |
| Cash at bank and in hand | 54/58 | €3,970 | €9,003 | +€5,033 | +127% |
| Total equity and liabilities | 10/49 | €465,144 | €459,286 | -€5,858 | -1.3% |
| Equity | 10/15 | €176,854 | €255,214 | +€78,360 | +44.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €133,989 | €212,328 | +€78,338 | +58.5% |
| Distributable reserves | 133 | €133,989 | €212,328 | +€78,338 | +58.5% |
| Profit (loss) carried forward | 14 | €40,864 | €40,886 | +€22 | +0.1% |
| Amounts payable | 17/49 | €288,291 | €204,072 | -€84,218 | -29.2% |
| Amounts payable after more than one year | 17 | €148,347 | €55,305 | -€93,041 | -62.7% |
| Financial debts | 170/4 | €148,347 | €55,305 | -€93,041 | -62.7% |
| Amounts payable within one year | 42/48 | €139,944 | €148,767 | +€8,823 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €90,854 | €93,041 | +€2,187 | +2.4% |
| Trade debts | 44 | €7,201 | €44,843 | +€37,642 | +523% |
| Suppliers | 440/4 | €7,201 | €44,843 | +€37,642 | +523% |
| Taxes, remuneration and social security | 45 | €38,206 | €10,883 | -€27,324 | -71.5% |
| Taxes | 450/3 | €38,206 | €10,883 | -€27,324 | -71.5% |
| Other amounts payable | 47/48 | €3,682 | €0 | -€3,682 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €863 | €2,694 | +€1,831 | +212% |
| Gross operating margin | 9900 | €69,659 | €11,661 | -€57,997 | -83.3% |
| Operating profit (loss) | 9901 | €68,796 | €8,968 | -€59,828 | -87.0% |
| Financial income | 75/76B | €98,000 | €90,022 | -€7,978 | -8.1% |
| Recurring financial income | 75 | €98,000 | €90,022 | -€7,978 | -8.1% |
| Financial charges | 65/66B | €6,901 | €4,747 | -€2,154 | -31.2% |
| Recurring financial charges | 65 | €6,901 | €4,747 | -€2,154 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €159,894 | €94,243 | -€65,652 | -41.1% |
| Income taxes | 67/77 | €25,905 | €8,740 | -€17,165 | -66.3% |
| Profit (loss) for the period | 9904 | €133,989 | €85,503 | -€48,486 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €133,989 | €85,503 | -€48,486 | -36.2% |
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 16 October 2026 via checked.be.