PHENIX DATA CENTER: 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.
What changed
PHENIX DATA CENTER
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€166,788
2024 · €167,375-€587
Equity
€3.5m
2024 · €3.3m+€164,258
Cash
€140,110
2024 · €1.8m-€1.7m
Balance sheet total
€3.6m
2024 · €3.4m+€199,260
Largest movements
Assets
- Cash -€1.7m
down €1.7m (-92.3%), from €1.8m to €140,110
mainly Current investments (-€1.6m) and Receivables within one year (-€365,809)
- Current investments +€1.6m
new in 2025: €1.6m
- Receivables within one year +€365,809
up €365,809 (+448%), from €81,681 to €447,490
of which Trade receivables: +€350,000
- Tangible fixed assets -€94,723
down €94,723 (-6.5%), from €1.5m to €1.4m
Equity and liabilities
- Profit (loss) carried forward +€98,456
up €98,456 (+35.5%), from €277,329 to €375,785
- Reserves +€68,332
up €68,332 (+68.3%), from €100,036 to €168,368
of which Tax-exempt reserves: +€63,150
Income statement
- Financial income +€12,078
up €12,078 (+478%), from €2,529 to €14,607
- Services and other goods +€7,581
up €7,581 (+35.3%), from €21,460 to €29,041
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.
Result 2024
€167,375
Other operating income
-€4,016
Services and other goods
-€7,581
Depreciation
-€17
Other operating charges
-€1,682
Financial income
+€12,078
Financial charges
-€616
Taxes
+€1,246
Deferred taxes and other
+€1
Result 2025
€166,788
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€72,137
Investment
-€1.6m
Financing
-€2,530
Cash 2024
€1.8m
From operations (derived)
-€72,137
Net result for the year
+€166,788
Depreciation
+€97,648
Receivables within one year
-€365,809
Deferred charges and accrued income
-€5,766
Provisions
-€844
Trade debts
+€20,846
Other debts
+€15,000
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€2,925
Current investments
-€1.6m
Financing
-€2,530
Contributions, distributions and other
-€2,530
Cash 2025
€140,110
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,362,268 | €3,561,528 | +€199,260 | +5.9% |
| Fixed assets | 21/28 | €1,462,885 | €1,368,162 | -€94,723 | -6.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,462,885 | €1,368,162 | -€94,723 | -6.5% |
| Land and buildings | 22 | €1,462,885 | €1,368,162 | -€94,723 | -6.5% |
| Current assets | 29/58 | €1,899,383 | €2,193,366 | +€293,983 | +15.5% |
| Amounts receivable within one year | 40/41 | €81,681 | €447,490 | +€365,809 | +448% |
| Trade receivables | 40 | €70,000 | €420,000 | +€350,000 | +500% |
| Other amounts receivable | 41 | €11,681 | €27,490 | +€15,809 | +135% |
| Current investments | 50/53 | - | €1,600,000 | +€1.6m | |
| Other investments | 51/53 | - | €1,600,000 | +€1.6m | |
| Cash at bank and in hand | 54/58 | €1,817,702 | €140,110 | -€1.7m | -92.3% |
| Deferred charges and accrued income | 490/1 | €0 | €5,766 | +€5,766 | |
| Total equity and liabilities | 10/49 | €3,362,268 | €3,561,528 | +€199,260 | +5.9% |
| Equity | 10/15 | €3,339,542 | €3,503,800 | +€164,258 | +4.9% |
| Contributions | 10/11 | €744,000 | €744,000 | = | 0.0% |
| Capital | 10 | €744,000 | €744,000 | = | 0.0% |
| Issued capital | 100 | €744,000 | €744,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,150,000 | €2,150,000 | = | 0.0% |
| Reserves | 13 | €100,036 | €168,368 | +€68,332 | +68.3% |
| Non-distributable reserves | 130/1 | €14,596 | €19,778 | +€5,182 | +35.5% |
| Legal reserve | 130 | €14,596 | €19,778 | +€5,182 | +35.5% |
| Tax-exempt reserves | 132 | - | €63,150 | +€63,150 | |
| Distributable reserves | 133 | €85,440 | €85,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277,329 | €375,785 | +€98,456 | +35.5% |
| Investment grants | 15 | €68,177 | €65,647 | -€2,530 | -3.7% |
| Provisions and deferred taxes | 16 | €22,726 | €21,882 | -€844 | -3.7% |
| Deferred taxes | 168 | €22,726 | €21,882 | -€844 | -3.7% |
| Amounts payable | 17/49 | - | €35,846 | +€35,846 | |
| Amounts payable within one year | 42/48 | - | €35,846 | +€35,846 | |
| Trade debts | 44 | - | €20,846 | +€20,846 | |
| Suppliers | 440/4 | - | €20,846 | +€20,846 | |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Operating income | 70/76A | €424,016 | €420,000 | -€4,016 | -0.9% |
| Turnover | 70 | €420,000 | €420,000 | = | 0.0% |
| Other operating income | 74 | €4,016 | - | -€4,016 | |
| Operating charges | 60/66A | €179,941 | €189,221 | +€9,280 | +5.2% |
| Services and other goods | 61 | €21,460 | €29,041 | +€7,581 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,631 | €97,648 | +€17 | 0.0% |
| Other operating charges | 640/8 | €60,850 | €62,532 | +€1,682 | +2.8% |
| Operating profit (loss) | 9901 | €244,075 | €230,779 | -€13,296 | -5.4% |
| Financial income | 75/76B | €2,529 | €14,607 | +€12,078 | +478% |
| Recurring financial income | 75 | €2,529 | €14,607 | +€12,078 | +478% |
| Income from current assets | 751 | - | €12,078 | +€12,078 | |
| Other financial income | 752/9 | €2,529 | €2,529 | = | 0.0% |
| Financial charges | 65/66B | €694 | €1,310 | +€616 | +88.8% |
| Recurring financial charges | 65 | €694 | €1,310 | +€616 | +88.8% |
| Other financial charges | 652/9 | €694 | €1,310 | +€616 | +88.8% |
| Profit (loss) for the period before taxes | 9903 | €245,910 | €244,076 | -€1,834 | -0.7% |
| Transfer from deferred taxes | 780 | €843 | €844 | +€1 | +0.1% |
| Income taxes | 67/77 | €79,378 | €78,132 | -€1,246 | -1.6% |
| Taxes | 670/3 | €79,378 | €78,132 | -€1,246 | -1.6% |
| Profit (loss) for the period | 9904 | €167,375 | €166,788 | -€587 | -0.4% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €167,375 | €103,638 | -€63,737 | -38.1% |
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 26 October 2026 via checked.be.