PHENIX GESTION: 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 GESTION
Largest movements
- Tangible fixed assets -€462,572
down €462,572 (-53.6%), from €862,773 to €400,201
of which Land and buildings: -€418,161
- Cash +€116,130
new in 2025: €116,130
mainly Investment in fixed assets (net) (+€424,679) and Net result for the year (+€70,153)
- Receivables within one year +€43,392
up €43,392 (+358.8%), from €12,093 to €55,485
of which Other amounts receivable: +€41,208
- Debts after one year -€216,509
down €216,509 (-51.2%), from €422,603 to €206,093
- Other debts -€96,856
down €96,856 (-99.0%), from €97,877 to €1,021
- Current portion of long-term debt -€84,008
down €84,008 (-77.1%), from €108,971 to €24,963
- Reserves +€70,153
up €70,153 (+83.7%), from €83,782 to €153,936
of which Distributable reserves: +€60,102
- Trade debts +€34,424
up €34,424 (+132.8%), from €25,931 to €60,355
- Gross operating margin +€52,015
up €52,015 (+49.7%), from €104,633 to €156,648
- Taxes +€17,088
up €17,088 (+282.8%), from €6,043 to €23,131
- Financial charges +€9,312
up €9,312 (+40.7%), from €22,898 to €32,210
- Depreciation -€6,325
down €6,325 (-14.3%), from €44,217 to €37,892
- Other operating charges +€2,845
up €2,845 (+52.1%), from €5,461 to €8,306
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 | €883,022 | €575,566 | -€307,455 | -34.8% |
| Fixed assets | 21/28 | €862,773 | €400,201 | -€462,572 | -53.6% |
| Tangible fixed assets | 22/27 | €862,773 | €400,201 | -€462,572 | -53.6% |
| Land and buildings | 22 | €758,301 | €340,140 | -€418,161 | -55.1% |
| Plant, machinery and equipment | 23 | €104,471 | €60,061 | -€44,410 | -42.5% |
| Current assets | 29/58 | €20,249 | €175,365 | +€155,116 | +766.0% |
| Amounts receivable within one year | 40/41 | €12,093 | €55,485 | +€43,392 | +358.8% |
| Trade receivables | 40 | €11,829 | €14,013 | +€2,184 | +18.5% |
| Other amounts receivable | 41 | €264 | €41,472 | +€41,208 | +15587.8% |
| Cash at bank and in hand | 54/58 | - | €116,130 | +€116,130 | |
| Deferred charges and accrued income | 490/1 | €8,156 | €3,750 | -€4,406 | -54.0% |
| Total equity and liabilities | 10/49 | €883,022 | €575,566 | -€307,455 | -34.8% |
| Equity | 10/15 | €164,730 | €234,883 | +€70,153 | +42.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,782 | €153,936 | +€70,153 | +83.7% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €32,969 | €41,161 | +€8,192 | +24.8% |
| Distributable reserves | 133 | €50,814 | €110,915 | +€60,102 | +118.3% |
| Profit (loss) carried forward | 14 | €62,348 | €62,348 | = | 0.0% |
| Provisions and deferred taxes | 16 | €28,757 | €13,720 | -€15,037 | -52.3% |
| Deferred taxes | 168 | €28,757 | €13,720 | -€15,037 | -52.3% |
| Amounts payable | 17/49 | €689,535 | €326,963 | -€362,572 | -52.6% |
| Amounts payable after more than one year | 17 | €422,603 | €206,093 | -€216,509 | -51.2% |
| Financial debts | 170/4 | €422,603 | €206,093 | -€216,509 | -51.2% |
| Amounts payable within one year | 42/48 | €266,932 | €120,869 | -€146,063 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €108,971 | €24,963 | -€84,008 | -77.1% |
| Financial debts | 43 | €734 | - | -€734 | |
| Credit institutions | 430/8 | €734 | - | -€734 | |
| Trade debts | 44 | €25,931 | €60,355 | +€34,424 | +132.8% |
| Suppliers | 440/4 | €25,931 | €60,355 | +€34,424 | +132.8% |
| Taxes, remuneration and social security | 45 | €33,419 | €34,530 | +€1,111 | +3.3% |
| Taxes | 450/3 | €28,201 | €29,313 | +€1,111 | +3.9% |
| Remuneration and social security | 454/9 | €5,217 | €5,217 | = | 0.0% |
| Other amounts payable | 47/48 | €97,877 | €1,021 | -€96,856 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,217 | €37,892 | -€6,325 | -14.3% |
| Other operating charges | 640/8 | €5,461 | €8,306 | +€2,845 | +52.1% |
| Gross operating margin | 9900 | €104,633 | €156,648 | +€52,015 | +49.7% |
| Operating profit (loss) | 9901 | €54,955 | €110,450 | +€55,495 | +101.0% |
| Financial income | 75/76B | €0 | €7 | +€7 | +14480.0% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +14480.0% |
| Financial charges | 65/66B | €22,898 | €32,210 | +€9,312 | +40.7% |
| Recurring financial charges | 65 | €22,898 | €32,210 | +€9,312 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €32,057 | €78,247 | +€46,190 | +144.1% |
| Transfer from deferred taxes | 780 | €1,711 | €15,037 | +€13,326 | +778.7% |
| Income taxes | 67/77 | €6,043 | €23,131 | +€17,088 | +282.8% |
| Profit (loss) for the period | 9904 | €27,725 | €70,153 | +€42,428 | +153.0% |
| Transfer from tax-exempt reserves | 789 | €5,134 | €5,134 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €13,326 | +€13,326 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,859 | €61,962 | +€29,102 | +88.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.