PHENIX PROPERTY: 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.
PHENIX PROPERTY
Largest movements
- Receivables within one year +€944,122
up €944,122 (+2,753%), from €34,295 to €978,417
- Tangible fixed assets -€626,264
no longer reported in 2025 (was €626,264)
- Cash +€149,969
new in 2025: €149,969
mainly Net result for the year (+€691,523) and Investment in fixed assets (net) (+€626,264)
- Profit (loss) carried forward +€691,523
up €691,523 (+5,253%), from €13,163 to €704,687
- Revaluation surpluses -€404,067
no longer reported in 2025 (was €404,067)
- Tax, wage and social debts +€180,371
new in 2025: €180,371
- Taxes +€180,371
new in 2025: €180,371
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €660,559 | €1,128,386 | +€467,827 | +70.8% |
| Fixed assets | 21/28 | €626,264 | - | -€626,264 | |
| Tangible fixed assets | 22/27 | €626,264 | - | -€626,264 | |
| Other tangible fixed assets | 26 | €626,264 | - | -€626,264 | |
| Current assets | 29/58 | €34,295 | €1,128,386 | +€1.1m | +3,190% |
| Amounts receivable within one year | 40/41 | €34,295 | €978,417 | +€944,122 | +2,753% |
| Other amounts receivable | 41 | €34,295 | €978,417 | +€944,122 | +2,753% |
| Cash at bank and in hand | 54/58 | - | €149,969 | +€149,969 | |
| Total equity and liabilities | 10/49 | €660,559 | €1,128,386 | +€467,827 | +70.8% |
| Equity | 10/15 | €646,678 | €934,134 | +€287,456 | +44.5% |
| Contributions | 10/11 | €199,250 | €199,250 | = | 0.0% |
| Capital | 10 | €199,250 | €199,250 | = | 0.0% |
| Issued capital | 100 | €199,250 | €199,250 | = | 0.0% |
| Revaluation surpluses | 12 | €404,067 | - | -€404,067 | |
| Reserves | 13 | €30,198 | €30,198 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,198 | €30,198 | = | 0.0% |
| Legal reserve | 130 | €30,198 | €30,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,163 | €704,687 | +€691,523 | +5,253% |
| Amounts payable | 17/49 | €13,881 | €194,252 | +€180,371 | +1,299% |
| Amounts payable within one year | 42/48 | €13,881 | €194,252 | +€180,371 | +1,299% |
| Trade debts | 44 | €2,537 | €2,537 | = | 0.0% |
| Suppliers | 440/4 | €2,537 | €2,537 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €180,371 | +€180,371 | |
| Taxes | 450/3 | - | €180,371 | +€180,371 | |
| Other amounts payable | 47/48 | €11,344 | €11,344 | = | 0.0% |
| Operating income | 70/76A | - | €877,803 | +€877,803 | |
| Non-recurring operating income | 76A | - | €877,803 | +€877,803 | |
| Operating charges | 60/66A | €15,703 | €5,651 | -€10,052 | -64.0% |
| Services and other goods | 61 | €14,500 | €4,447 | -€10,053 | -69.3% |
| Other operating charges | 640/8 | €1,203 | €1,204 | +€1 | +0.1% |
| Operating profit (loss) | 9901 | -€15,703 | €872,153 | +€887,855 | |
| Financial charges | 65/66B | €48 | €258 | +€210 | +438% |
| Recurring financial charges | 65 | €48 | €258 | +€210 | +438% |
| Other financial charges | 652/9 | €48 | €258 | +€210 | +438% |
| Profit (loss) for the period before taxes | 9903 | -€15,751 | €871,895 | +€887,645 | |
| Income taxes | 67/77 | - | €180,371 | +€180,371 | |
| Taxes | 670/3 | - | €180,371 | +€180,371 | |
| Profit (loss) for the period | 9904 | -€15,751 | €691,523 | +€707,274 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,751 | €691,523 | +€707,274 |
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 13 October 2026 via checked.be.