Phenix.CFS: 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.CFS
Largest movements
- Cash +€74,142
up €74,142 (+44.8%), from €165,678 to €239,820
mainly Net result for the year (+€101,640) and Advances received (+€82,363)
- Receivables within one year +€30,541
up €30,541 (+96.8%), from €31,566 to €62,107
of which Trade receivables: +€19,645
- Tangible fixed assets -€22,864
down €22,864 (-4.9%), from €469,017 to €446,153
- Reserves +€95,640
up €95,640 (+52.4%), from €182,587 to €278,227
of which Distributable reserves: +€95,640
- Advances received +€82,363
new in 2025: €82,363
- Debts after one year -€53,439
down €53,439 (-20.9%), from €256,287 to €202,848
- Trade debts -€40,592
down €40,592 (-37.7%), from €107,811 to €67,220
- Current portion of long-term debt -€11,256
down €11,256 (-20.4%), from €55,183 to €43,927
- Gross operating margin +€85,529
up €85,529 (+23.9%), from €357,493 to €443,022
- Staff costs +€72,493
up €72,493 (+42.1%), from €172,274 to €244,767
- Taxes -€22,825
down €22,825 (-48.8%), from €46,804 to €23,980
- Depreciation -€12,923
down €12,923 (-17.3%), from €74,564 to €61,641
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 | €666,261 | €748,080 | +€81,819 | +12.3% |
| Fixed assets | 21/28 | €469,017 | €446,153 | -€22,864 | -4.9% |
| Tangible fixed assets | 22/27 | €469,017 | €446,153 | -€22,864 | -4.9% |
| Land and buildings | 22 | €376,032 | €369,169 | -€6,863 | -1.8% |
| Plant, machinery and equipment | 23 | €20,413 | €15,666 | -€4,747 | -23.3% |
| Furniture and vehicles | 24 | €72,572 | €61,319 | -€11,254 | -15.5% |
| Current assets | 29/58 | €197,244 | €301,927 | +€104,683 | +53.1% |
| Amounts receivable within one year | 40/41 | €31,566 | €62,107 | +€30,541 | +96.8% |
| Trade receivables | 40 | €4,042 | €23,687 | +€19,645 | +486.0% |
| Other amounts receivable | 41 | €27,524 | €38,420 | +€10,897 | +39.6% |
| Cash at bank and in hand | 54/58 | €165,678 | €239,820 | +€74,142 | +44.8% |
| Total equity and liabilities | 10/49 | €666,261 | €748,080 | +€81,819 | +12.3% |
| Equity | 10/15 | €201,187 | €296,827 | +€95,640 | +47.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,587 | €278,227 | +€95,640 | +52.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €180,727 | €276,367 | +€95,640 | +52.9% |
| Provisions and deferred taxes | 16 | €6,000 | €6,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €6,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €459,074 | €445,253 | -€13,821 | -3.0% |
| Amounts payable after more than one year | 17 | €256,287 | €202,848 | -€53,439 | -20.9% |
| Financial debts | 170/4 | €256,287 | €202,848 | -€53,439 | -20.9% |
| Amounts payable within one year | 42/48 | €202,787 | €242,404 | +€39,618 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €55,183 | €43,927 | -€11,256 | -20.4% |
| Trade debts | 44 | €107,811 | €67,220 | -€40,592 | -37.7% |
| Suppliers | 440/4 | €107,811 | €67,220 | -€40,592 | -37.7% |
| Advances received on contracts in progress | 46 | - | €82,363 | +€82,363 | |
| Taxes, remuneration and social security | 45 | €15,792 | €24,895 | +€9,103 | +57.6% |
| Taxes | 450/3 | - | €14,890 | +€14,890 | |
| Remuneration and social security | 454/9 | €15,792 | €10,005 | -€5,788 | -36.6% |
| Other amounts payable | 47/48 | €24,000 | €24,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €172,274 | €244,767 | +€72,493 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,564 | €61,641 | -€12,923 | -17.3% |
| Other operating charges | 640/8 | €4,140 | €4,496 | +€355 | +8.6% |
| Gross operating margin | 9900 | €357,493 | €443,022 | +€85,529 | +23.9% |
| Operating profit (loss) | 9901 | €106,515 | €132,119 | +€25,603 | +24.0% |
| Financial income | 75/76B | €394 | €3,399 | +€3,005 | +762.5% |
| Recurring financial income | 75 | €394 | €3,399 | +€3,005 | +762.5% |
| Financial charges | 65/66B | €7,598 | €9,898 | +€2,300 | +30.3% |
| Recurring financial charges | 65 | €7,598 | €9,898 | +€2,300 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €99,312 | €125,620 | +€26,308 | +26.5% |
| Income taxes | 67/77 | €46,804 | €23,980 | -€22,825 | -48.8% |
| Profit (loss) for the period | 9904 | €52,508 | €101,640 | +€49,133 | +93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,508 | €101,640 | +€49,133 | +93.6% |
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.