Phénix Brothers: what changed
Phénix Brothers
Largest movements
- Receivables within one year +€3,355
up €3,355 (+203%), from €1,650 to €5,005
of which Trade receivables: +€3,355
- Cash -€1,397
down €1,397 (-44.4%), from €3,150 to €1,753
mainly Net result for the year (-€9,536) and Debts after one year (-€7,162)
- Stocks and contracts -€1,329
down €1,329 (-49.5%), from €2,687 to €1,358
- Financial fixed assets +€1,000
new in 2025: €1,000
- Deferred charges and accrued income +€299
up €299 (+26.9%), from €1,110 to €1,409
- Other debts +€16,326
up €16,326 (+336%), from €4,863 to €21,189
- Profit (loss) carried forward -€9,536
down €9,536 (-60.3%), from -€15,802 to -€25,339
- Debts after one year -€7,162
down €7,162 (-46.6%), from €15,367 to €8,205
- Trade debts +€3,938
up €3,938 (+65.0%), from €6,062 to €10,000
- Accrued charges and deferred income -€1,591
down €1,591 (-85.7%), from €1,856 to €265
- Gross operating margin +€17,803
up €17,803, from -€1,370 to €16,433
- Staff costs +€10,673
up €10,673 (+126%), from €8,500 to €19,173
- Depreciation +€1,245
up €1,245 (+49.7%), from €2,503 to €3,748
- Other operating charges -€641
down €641 (-49.3%), from €1,300 to €660
- Financial charges +€259
up €259 (+12.2%), from €2,129 to €2,388
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,502 | €27,479 | +€1,977 | +7.8% |
| Fixed assets | 21/28 | €16,906 | €17,955 | +€1,049 | +6.2% |
| Tangible fixed assets | 22/27 | €16,906 | €16,955 | +€49 | +0.3% |
| Land and buildings | 22 | €13,762 | €11,483 | -€2,280 | -16.6% |
| Plant, machinery and equipment | 23 | €2,511 | €4,756 | +€2,245 | +89.4% |
| Furniture and vehicles | 24 | €632 | €716 | +€84 | +13.3% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €8,596 | €9,524 | +€928 | +10.8% |
| Stocks and contracts in progress | 3 | €2,687 | €1,358 | -€1,329 | -49.5% |
| Stocks | 30/36 | €2,687 | €1,358 | -€1,329 | -49.5% |
| Amounts receivable within one year | 40/41 | €1,650 | €5,005 | +€3,355 | +203% |
| Trade receivables | 40 | - | €3,355 | +€3,355 | |
| Other amounts receivable | 41 | €1,650 | €1,650 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,150 | €1,753 | -€1,397 | -44.4% |
| Deferred charges and accrued income | 490/1 | €1,110 | €1,409 | +€299 | +26.9% |
| Total equity and liabilities | 10/49 | €25,502 | €27,479 | +€1,977 | +7.8% |
| Equity | 10/15 | -€12,802 | -€22,339 | -€9,536 | -74.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,802 | -€25,339 | -€9,536 | -60.3% |
| Amounts payable | 17/49 | €38,305 | €49,818 | +€11,513 | +30.1% |
| Amounts payable after more than one year | 17 | €15,367 | €8,205 | -€7,162 | -46.6% |
| Financial debts | 170/4 | €15,367 | €8,205 | -€7,162 | -46.6% |
| Amounts payable within one year | 42/48 | €21,081 | €41,348 | +€20,267 | +96.1% |
| Current portion of amounts payable after more than one year | 42 | €6,788 | €7,162 | +€374 | +5.5% |
| Trade debts | 44 | €6,062 | €10,000 | +€3,938 | +65.0% |
| Suppliers | 440/4 | €6,062 | €10,000 | +€3,938 | +65.0% |
| Taxes, remuneration and social security | 45 | €3,368 | €2,996 | -€371 | -11.0% |
| Taxes | 450/3 | €2,403 | €1,670 | -€732 | -30.5% |
| Remuneration and social security | 454/9 | €965 | €1,326 | +€361 | +37.4% |
| Other amounts payable | 47/48 | €4,863 | €21,189 | +€16,326 | +336% |
| Accrued charges and deferred income | 492/3 | €1,856 | €265 | -€1,591 | -85.7% |
| Remuneration, social security and pensions | 62 | €8,500 | €19,173 | +€10,673 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,503 | €3,748 | +€1,245 | +49.7% |
| Other operating charges | 640/8 | €1,300 | €660 | -€641 | -49.3% |
| Gross operating margin | 9900 | -€1,370 | €16,433 | +€17,803 | |
| Operating profit (loss) | 9901 | -€13,674 | -€7,148 | +€6,525 | +47.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -13.8% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -13.8% |
| Financial charges | 65/66B | €2,129 | €2,388 | +€259 | +12.2% |
| Recurring financial charges | 65 | €2,129 | €2,388 | +€259 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,802 | -€9,536 | +€6,266 | +39.7% |
| Profit (loss) for the period | 9904 | -€15,802 | -€9,536 | +€6,266 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,802 | -€9,536 | +€6,266 | +39.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.