PHENIX GROUP: what changed
What changed
PHENIX GROUP
NACE 43.910, Bricklaying and masonry work
filed annual accounts (NBB)
Net result for the year
€452,265
2024 · €452,889-€624
Equity
€1.6m
2024 · €1.3m+€302,265
Cash
€2.6m
2024 · €763,311+€1.8m
Balance sheet total
€18.6m
2024 · €14.4m+€4.3m
Largest movements
Assets
- Cash +€1.8m
up €1.8m (+241%), from €763,311 to €2.6m
mainly Trade debts (+€3.4m) and Depreciation (+€778,002)
- Receivables within one year +€835,665
up €835,665 (+18.8%), from €4.4m to €5.3m
of which Trade receivables: +€551,475
- Stocks and contracts +€793,934
up €793,934 (+42.4%), from €1.9m to €2.7m
of which Contracts in progress: +€755,204
- Receivables after one year +€432,541
up €432,541 (+66.3%), from €652,520 to €1.1m
- Tangible fixed assets +€284,485
up €284,485 (+4.3%), from €6.6m to €6.9m
of which Leasing and similar rights: +€181,600
Equity and liabilities
- Trade debts +€3.4m
up €3.4m (+84.1%), from €4.0m to €7.4m
- Reserves +€302,265
up €302,265 (+23.2%), from €1.3m to €1.6m
of which Distributable reserves: +€205,435
- Short-term financial debts +€300,123
up €300,123 (+15.4%), from €1.9m to €2.2m
- Debts after one year +€282,789
up €282,789 (+4.9%), from €5.8m to €6.1m
of which Other amounts payable: +€253,221
- Current portion of long-term debt +€222,350
up €222,350 (+39.3%), from €566,484 to €788,834
Income statement
- Goods and materials +€9.1m
up €9.1m (+65.6%), from €13.9m to €23.0m
of which Purchases: +€7.9m
- Turnover +€7.6m
up €7.6m (+34.2%), from €22.3m to €30.0m
- Services and other goods +€629,692
up €629,692 (+18.7%), from €3.4m to €4.0m
- Staff costs +€305,904
up €305,904 (+9.7%), from €3.1m to €3.4m
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.
Result 2024
€452,889
Turnover
+€7.6m
Other operating income
-€12,920
Goods and materials
-€9.1m
Services and other goods
-€629,692
Staff costs
-€305,904
Depreciation
-€33,363
Write-downs
+€82,785
Other operating charges
-€10,150
Other operating items
+€2.4m
Financial income
+€46,085
Financial charges
-€4,808
Taxes
-€20,271
Result 2025
€452,265
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.3m
Investment
-€1.1m
Financing
+€655,263
Cash 2024
€763,311
From operations (derived)
+€2.3m
Net result for the year
+€452,265
Depreciation
+€778,002
Receivables after one year
-€432,541
Stocks and contracts
-€793,934
Receivables within one year
-€835,665
Deferred charges and accrued income
-€88,618
Trade debts
+€3.4m
Tax, wage and social debts
-€18,317
Advances received
-€103,401
Other debts
-€75,747
Accrued charges and deferred income
-€9,295
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€655,263
Debts after one year
+€282,789
Current portion of long-term debt
+€222,350
Short-term financial debts
+€300,123
Contributions, distributions and other
-€150,000
Cash 2025
€2.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,368,652 | €18,647,054 | +€4.3m | +29.8% |
| Fixed assets | 21/28 | €6,591,769 | €6,876,254 | +€284,485 | +4.3% |
| Tangible fixed assets | 22/27 | €6,591,769 | €6,876,254 | +€284,485 | +4.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €415,525 | €547,742 | +€132,216 | +31.8% |
| Furniture and vehicles | 24 | €131,190 | €119,512 | -€11,678 | -8.9% |
| Leasing and similar rights | 25 | €5,876,960 | €6,058,560 | +€181,600 | +3.1% |
| Other tangible fixed assets | 26 | €168,093 | €150,440 | -€17,653 | -10.5% |
| Current assets | 29/58 | €7,776,883 | €11,770,799 | +€4.0m | +51.4% |
| Amounts receivable after more than one year | 29 | €652,520 | €1,085,061 | +€432,541 | +66.3% |
| Other amounts receivable | 291 | €652,520 | €1,085,061 | +€432,541 | +66.3% |
| Stocks and contracts in progress | 3 | €1,871,938 | €2,665,872 | +€793,934 | +42.4% |
| Stocks | 30/36 | €1,270,828 | €1,309,558 | +€38,730 | +3.0% |
| Property held for sale | 35 | €1,270,828 | €1,309,558 | +€38,730 | +3.0% |
| Contracts in progress | 37 | €601,110 | €1,356,314 | +€755,204 | +126% |
| Amounts receivable within one year | 40/41 | €4,437,156 | €5,272,821 | +€835,665 | +18.8% |
| Trade receivables | 40 | €4,240,606 | €4,792,081 | +€551,475 | +13.0% |
| Other amounts receivable | 41 | €196,550 | €480,740 | +€284,189 | +145% |
| Cash at bank and in hand | 54/58 | €763,311 | €2,606,469 | +€1.8m | +241% |
| Deferred charges and accrued income | 490/1 | €51,958 | €140,577 | +€88,618 | +171% |
| Total equity and liabilities | 10/49 | €14,368,652 | €18,647,054 | +€4.3m | +29.8% |
| Equity | 10/15 | €1,323,275 | €1,625,540 | +€302,265 | +22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,304,675 | €1,606,940 | +€302,265 | +23.2% |
| Tax-exempt reserves | 132 | €168,400 | €265,230 | +€96,830 | +57.5% |
| Distributable reserves | 133 | €1,136,275 | €1,341,710 | +€205,435 | +18.1% |
| Amounts payable | 17/49 | €13,045,377 | €17,021,514 | +€4.0m | +30.5% |
| Amounts payable after more than one year | 17 | €5,792,326 | €6,075,116 | +€282,789 | +4.9% |
| Financial debts | 170/4 | €5,427,086 | €5,456,655 | +€29,569 | +0.5% |
| Leasing and similar obligations | 172 | €5,278,715 | €5,320,099 | +€41,384 | +0.8% |
| Credit institutions | 173 | €73,371 | €136,556 | +€63,185 | +86.1% |
| Other loans | 174 | €75,000 | €0 | -€75,000 | -100% |
| Other amounts payable | 178/9 | €365,240 | €618,461 | +€253,221 | +69.3% |
| Amounts payable within one year | 42/48 | €7,048,189 | €10,750,832 | +€3.7m | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €566,484 | €788,834 | +€222,350 | +39.3% |
| Financial debts | 43 | €1,948,451 | €2,248,574 | +€300,123 | +15.4% |
| Credit institutions | 430/8 | €1,948,451 | €2,248,574 | +€300,123 | +15.4% |
| Trade debts | 44 | €4,014,869 | €7,392,503 | +€3.4m | +84.1% |
| Suppliers | 440/4 | €4,014,869 | €7,392,503 | +€3.4m | +84.1% |
| Advances received on contracts in progress | 46 | €103,401 | €0 | -€103,401 | -100% |
| Taxes, remuneration and social security | 45 | €164,238 | €145,921 | -€18,317 | -11.2% |
| Taxes | 450/3 | €50,846 | €1 | -€50,844 | -100.0% |
| Remuneration and social security | 454/9 | €113,392 | €145,919 | +€32,527 | +28.7% |
| Other amounts payable | 47/48 | €250,747 | €175,000 | -€75,747 | -30.2% |
| Accrued charges and deferred income | 492/3 | €204,861 | €195,566 | -€9,295 | -4.5% |
| Operating income | 70/76A | €22,084,481 | €32,062,927 | +€10.0m | +45.2% |
| Turnover | 70 | €22,342,299 | €29,976,072 | +€7.6m | +34.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€347,512 | €1,947,213 | +€2.3m | |
| Other operating income | 74 | €60,810 | €47,890 | -€12,920 | -21.2% |
| Non-recurring operating income | 76A | €28,884 | €91,753 | +€62,869 | +218% |
| Operating charges | 60/66A | €21,252,113 | €31,252,189 | +€10.0m | +47.1% |
| Goods for resale, raw materials and consumables | 60 | €13,888,847 | €22,997,844 | +€9.1m | +65.6% |
| Purchases | 600/8 | €15,159,675 | €23,036,574 | +€7.9m | +52.0% |
| Change in stocks: decrease (increase) | 609 | -€1,270,828 | -€38,730 | +€1.2m | +97.0% |
| Services and other goods | 61 | €3,358,530 | €3,988,222 | +€629,692 | +18.7% |
| Remuneration, social security and pensions | 62 | €3,138,054 | €3,443,958 | +€305,904 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €744,639 | €778,002 | +€33,363 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €82,785 | €0 | -€82,785 | -100% |
| Other operating charges | 640/8 | €34,013 | €44,163 | +€10,150 | +29.8% |
| Non-recurring operating charges | 66A | €5,243 | €0 | -€5,243 | -100% |
| Operating profit (loss) | 9901 | €832,368 | €810,738 | -€21,631 | -2.6% |
| Financial income | 75/76B | €42,379 | €88,463 | +€46,085 | +109% |
| Recurring financial income | 75 | €42,379 | €88,463 | +€46,085 | +109% |
| Income from current assets | 751 | €25,208 | €52,995 | +€27,787 | +110% |
| Other financial income | 752/9 | €17,171 | €35,468 | +€18,298 | +107% |
| Financial charges | 65/66B | €315,434 | €320,242 | +€4,808 | +1.5% |
| Recurring financial charges | 65 | €315,434 | €319,794 | +€4,360 | +1.4% |
| Debt charges | 650 | €301,422 | €309,605 | +€8,183 | +2.7% |
| Other financial charges | 652/9 | €14,012 | €10,189 | -€3,823 | -27.3% |
| Non-recurring financial charges | 66B | - | €448 | +€448 | |
| Profit (loss) for the period before taxes | 9903 | €559,313 | €578,959 | +€19,646 | +3.5% |
| Income taxes | 67/77 | €106,424 | €126,695 | +€20,271 | +19.0% |
| Taxes | 670/3 | €106,424 | €126,695 | +€20,271 | +19.0% |
| Profit (loss) for the period | 9904 | €452,889 | €452,265 | -€624 | -0.1% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | €84,200 | €138,930 | +€54,730 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €368,689 | €355,435 | -€13,254 | -3.6% |
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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 5 November 2026 via checked.be.