PHENIX: 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.
PHENIX
Largest movements
- Tangible fixed assets -€26,942
down €26,942 (-3.8%), from €716,411 to €689,469
- Deferred charges and accrued income +€17,800
up €17,800 (+171.2%), from €10,400 to €28,200
- Debts after one year -€23,905
down €23,905 (-27.0%), from €88,638 to €64,733
- Revaluation surpluses -€11,373
down €11,373 (-4.4%), from €257,946 to €246,574
- Reserves +€11,373
up €11,373 (+50.0%), from €22,746 to €34,118
of which Distributable reserves: +€34,118
- Gross operating margin -€3,271
down €3,271 (-7.7%), from €42,593 to €39,322
- Financial charges -€1,807
down €1,807 (-16.4%), from €11,018 to €9,211
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €727,053 | €717,737 | -€9,316 | -1.3% |
| Fixed assets | 21/28 | €716,411 | €689,469 | -€26,942 | -3.8% |
| Tangible fixed assets | 22/27 | €716,411 | €689,469 | -€26,942 | -3.8% |
| Land and buildings | 22 | €716,411 | €689,469 | -€26,942 | -3.8% |
| Current assets | 29/58 | €10,642 | €28,268 | +€17,626 | +165.6% |
| Amounts receivable within one year | 40/41 | €242 | €68 | -€174 | -71.8% |
| Other amounts receivable | 41 | €242 | €68 | -€174 | -71.8% |
| Deferred charges and accrued income | 490/1 | €10,400 | €28,200 | +€17,800 | +171.2% |
| Total equity and liabilities | 10/49 | €727,053 | €717,737 | -€9,316 | -1.3% |
| Equity | 10/15 | €345,061 | €348,237 | +€3,176 | +0.9% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Outside capital | 11 | - | €135,000 | +€135,000 | |
| Other | 1109/19 | - | €135,000 | +€135,000 | |
| Revaluation surpluses | 12 | €257,946 | €246,574 | -€11,373 | -4.4% |
| Reserves | 13 | €22,746 | €34,118 | +€11,373 | +50.0% |
| Non-distributable reserves | 130/1 | €22,746 | - | -€22,746 | |
| Reserves not available under the articles | 1311 | €22,746 | - | -€22,746 | |
| Distributable reserves | 133 | - | €34,118 | +€34,118 | |
| Profit (loss) carried forward | 14 | -€70,631 | -€67,455 | +€3,176 | +4.5% |
| Amounts payable | 17/49 | €381,992 | €369,501 | -€12,491 | -3.3% |
| Amounts payable after more than one year | 17 | €88,638 | €64,733 | -€23,905 | -27.0% |
| Financial debts | 170/4 | €88,638 | €64,733 | -€23,905 | -27.0% |
| Amounts payable within one year | 42/48 | €287,879 | €299,052 | +€11,173 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €33,779 | €40,496 | +€6,717 | +19.9% |
| Trade debts | 44 | €14,618 | €15,946 | +€1,327 | +9.1% |
| Suppliers | 440/4 | €14,618 | €15,946 | +€1,327 | +9.1% |
| Other amounts payable | 47/48 | €239,482 | €242,611 | +€3,129 | +1.3% |
| Accrued charges and deferred income | 492/3 | €5,475 | €5,716 | +€240 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,942 | €26,942 | = | 0.0% |
| Other operating charges | 640/8 | €164 | - | -€164 | |
| Gross operating margin | 9900 | €42,593 | €39,322 | -€3,271 | -7.7% |
| Operating profit (loss) | 9901 | €15,487 | €12,381 | -€3,107 | -20.1% |
| Financial income | 75/76B | €9 | €6 | -€3 | -34.7% |
| Recurring financial income | 75 | €9 | €6 | -€3 | -34.7% |
| Financial charges | 65/66B | €11,018 | €9,211 | -€1,807 | -16.4% |
| Recurring financial charges | 65 | €11,018 | €9,211 | -€1,807 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €4,479 | €3,176 | -€1,303 | -29.1% |
| Profit (loss) for the period | 9904 | €4,479 | €3,176 | -€1,303 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,479 | €3,176 | -€1,303 | -29.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.