PHENIX IMMO: 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 IMMO
Largest movements
- Intangible fixed assets -€108,737
down €108,737 (-26.7%), from €407,242 to €298,505
- Cash -€29,834
down €29,834 (-9.4%), from €317,459 to €287,625
mainly Net result for the year (-€87,922) and Other debts (-€20,864)
- Receivables within one year +€10,139
up €10,139 (+6759.1%), from €150 to €10,289
of which Trade receivables: +€7,000
- Profit (loss) carried forward -€87,922
down €87,922 (-37.3%), from €235,798 to €147,876
- Other debts -€20,864
down €20,864 (-61.4%), from €34,004 to €13,139
- Tax, wage and social debts -€20,197
down €20,197 (-55.3%), from €36,506 to €16,309
of which Taxes: -€21,413
- Financial income -€468,094
down €468,094 (-99.6%), from €470,132 to €2,038
- Taxes -€18,902
down €18,902 (-71.0%), from €26,611 to €7,710
- Gross operating margin -€17,254
down €17,254 (-28.6%), from €60,300 to €43,046
- Depreciation +€1,694
up €1,694 (+1.4%), from €120,322 to €122,016
- Other operating charges +€731
up €731 (+37.1%), from €1,968 to €2,699
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 | €826,977 | €693,263 | -€133,714 | -16.2% |
| Fixed assets | 21/28 | €508,859 | €395,240 | -€113,620 | -22.3% |
| Intangible fixed assets | 21 | €407,242 | €298,505 | -€108,737 | -26.7% |
| Tangible fixed assets | 22/27 | €101,493 | €96,735 | -€4,758 | -4.7% |
| Land and buildings | 22 | €49,685 | €47,846 | -€1,840 | -3.7% |
| Plant, machinery and equipment | 23 | €51,300 | €48,881 | -€2,419 | -4.7% |
| Furniture and vehicles | 24 | €508 | €8 | -€500 | -98.4% |
| Financial fixed assets | 28 | €125 | - | -€125 | |
| Current assets | 29/58 | €318,117 | €298,023 | -€20,095 | -6.3% |
| Amounts receivable within one year | 40/41 | €150 | €10,289 | +€10,139 | +6759.1% |
| Trade receivables | 40 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 41 | €150 | €3,289 | +€3,139 | +2092.5% |
| Cash at bank and in hand | 54/58 | €317,459 | €287,625 | -€29,834 | -9.4% |
| Deferred charges and accrued income | 490/1 | €509 | €110 | -€399 | -78.5% |
| Total equity and liabilities | 10/49 | €826,977 | €693,263 | -€133,714 | -16.2% |
| Equity | 10/15 | €746,877 | €658,955 | -€87,922 | -11.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €481,079 | €481,079 | = | 0.0% |
| Distributable reserves | 133 | €481,079 | €481,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,798 | €147,876 | -€87,922 | -37.3% |
| Amounts payable | 17/49 | €80,100 | €34,308 | -€45,792 | -57.2% |
| Amounts payable after more than one year | 17 | €1,720 | - | -€1,720 | |
| Financial debts | 170/4 | €1,720 | - | -€1,720 | |
| Amounts payable within one year | 42/48 | €78,380 | €34,308 | -€44,072 | -56.2% |
| Current portion of amounts payable after more than one year | 42 | €5,447 | €4,247 | -€1,200 | -22.0% |
| Trade debts | 44 | €2,423 | €612 | -€1,811 | -74.7% |
| Suppliers | 440/4 | €2,423 | €612 | -€1,811 | -74.7% |
| Taxes, remuneration and social security | 45 | €36,506 | €16,309 | -€20,197 | -55.3% |
| Taxes | 450/3 | €35,031 | €13,618 | -€21,413 | -61.1% |
| Remuneration and social security | 454/9 | €1,475 | €2,691 | +€1,216 | +82.5% |
| Other amounts payable | 47/48 | €34,004 | €13,139 | -€20,864 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,322 | €122,016 | +€1,694 | +1.4% |
| Other operating charges | 640/8 | €1,968 | €2,699 | +€731 | +37.1% |
| Gross operating margin | 9900 | €60,300 | €43,046 | -€17,254 | -28.6% |
| Operating profit (loss) | 9901 | -€61,990 | -€81,668 | -€19,679 | -31.7% |
| Financial income | 75/76B | €470,132 | €2,038 | -€468,094 | -99.6% |
| Recurring financial income | 75 | €470,132 | €2,038 | -€468,094 | -99.6% |
| Financial charges | 65/66B | €733 | €582 | -€151 | -20.6% |
| Recurring financial charges | 65 | €733 | €582 | -€151 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €407,410 | -€80,212 | -€487,622 | |
| Income taxes | 67/77 | €26,611 | €7,710 | -€18,902 | -71.0% |
| Profit (loss) for the period | 9904 | €380,798 | -€87,922 | -€468,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €380,798 | -€87,922 | -€468,720 |
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 2 October 2026 via checked.be.