PHENIX ONE: 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 ONE
Largest movements
- Receivables within one year +€26,820
up €26,820 (+55.2%), from €48,598 to €75,418
of which Trade receivables: +€26,882
- Cash -€1,455
down €1,455 (-6.3%), from €23,277 to €21,822
mainly Receivables within one year (-€26,820) and Contributions, distributions and other (-€113)
- Trade debts +€23,390
new in 2025: €23,390
- Tax, wage and social debts +€2,047
up €2,047 (+20.3%), from €10,096 to €12,143
of which Remuneration and social security: +€2,311
- Staff costs +€28,494
up €28,494 (+103.2%), from €27,616 to €56,110
- Other operating charges -€7,218
down €7,218 (-96.6%), from €7,473 to €255
- Gross operating margin +€6,674
up €6,674 (+13.5%), from €49,382 to €56,056
- Taxes -€4,922
no longer reported in 2025 (was €4,922)
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 | €71,875 | €97,240 | +€25,365 | +35.3% |
| Current assets | 29/58 | €71,875 | €97,240 | +€25,365 | +35.3% |
| Amounts receivable within one year | 40/41 | €48,598 | €75,418 | +€26,820 | +55.2% |
| Trade receivables | 40 | €32,100 | €58,982 | +€26,882 | +83.7% |
| Other amounts receivable | 41 | €16,498 | €16,436 | -€62 | -0.4% |
| Cash at bank and in hand | 54/58 | €23,277 | €21,822 | -€1,455 | -6.3% |
| Total equity and liabilities | 10/49 | €71,875 | €97,240 | +€25,365 | +35.3% |
| Equity | 10/15 | €61,779 | €61,707 | -€72 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,319 | €41,247 | -€72 | -0.2% |
| Amounts payable | 17/49 | €10,096 | €35,533 | +€25,437 | +251.9% |
| Amounts payable within one year | 42/48 | €10,096 | €35,533 | +€25,437 | +251.9% |
| Trade debts | 44 | - | €23,390 | +€23,390 | |
| Suppliers | 440/4 | - | €23,390 | +€23,390 | |
| Taxes, remuneration and social security | 45 | €10,096 | €12,143 | +€2,047 | +20.3% |
| Taxes | 450/3 | €5,204 | €4,940 | -€264 | -5.1% |
| Remuneration and social security | 454/9 | €4,892 | €7,203 | +€2,311 | +47.2% |
| Remuneration, social security and pensions | 62 | €27,616 | €56,110 | +€28,494 | +103.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235 | - | -€235 | |
| Other operating charges | 640/8 | €7,473 | €255 | -€7,218 | -96.6% |
| Gross operating margin | 9900 | €49,382 | €56,056 | +€6,674 | +13.5% |
| Operating profit (loss) | 9901 | €14,058 | -€309 | -€14,367 | |
| Financial income | 75/76B | €895 | €410 | -€485 | -54.2% |
| Recurring financial income | 75 | €895 | €410 | -€485 | -54.2% |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €14,894 | €41 | -€14,852 | -99.7% |
| Income taxes | 67/77 | €4,922 | - | -€4,922 | |
| Profit (loss) for the period | 9904 | €9,972 | €41 | -€9,930 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,972 | €41 | -€9,930 | -99.6% |
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 9 October 2026 via checked.be.