PHENIX ROYAL: 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 ROYAL
Largest movements
- Tangible fixed assets -€22,121
down €22,121 (-1.3%), from €1.6m to €1.6m
- Profit (loss) carried forward -€112,500
down €112,500 (-37.7%), from -€298,481 to -€410,982
- Current portion of long-term debt +€76,384
up €76,384 (+19.9%), from €383,496 to €459,880
- Debts after one year -€44,824
down €44,824 (-16.2%), from €276,936 to €232,112
- Other debts +€27,328
up €27,328 (+14.1%), from €193,603 to €220,932
- Accrued charges and deferred income +€23,027
up €23,027 (+197%), from €11,661 to €34,688
- Purchases and services -€96,739
no longer reported in 2024 (was €96,739)
- Financial charges +€37,019
up €37,019 (+97.8%), from €37,856 to €74,875
- Gross operating margin +€32,476
up €32,476 (+226%), from €14,395 to €46,871
- Depreciation -€27,601
down €27,601 (-30.4%), from €90,772 to €63,171
- Other operating charges +€1,209
up €1,209 (+4.5%), from €26,714 to €27,923
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,649,233 | €1,627,698 | -€21,536 | -1.3% |
| Fixed assets | 21/28 | €1,644,553 | €1,622,432 | -€22,121 | -1.3% |
| Tangible fixed assets | 22/27 | €1,644,303 | €1,622,182 | -€22,121 | -1.3% |
| Land and buildings | 22 | €1,644,303 | €1,622,182 | -€22,121 | -1.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €4,680 | €5,265 | +€586 | +12.5% |
| Amounts receivable within one year | 40/41 | €754 | €1,835 | +€1,081 | +143% |
| Other amounts receivable | 41 | €754 | €1,835 | +€1,081 | +143% |
| Current investments | 50/53 | €299 | €299 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,627 | €3,131 | -€495 | -13.7% |
| Total equity and liabilities | 10/49 | €1,649,233 | €1,627,698 | -€21,536 | -1.3% |
| Equity | 10/15 | €69,570 | -€46,870 | -€116,440 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €306,051 | €302,112 | -€3,940 | -1.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €99,801 | €95,862 | -€3,940 | -3.9% |
| Distributable reserves | 133 | €200,050 | €200,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€298,481 | -€410,982 | -€112,500 | -37.7% |
| Provisions and deferred taxes | 16 | €51,390 | €49,361 | -€2,029 | -3.9% |
| Deferred taxes | 168 | €51,390 | €49,361 | -€2,029 | -3.9% |
| Amounts payable | 17/49 | €1,528,273 | €1,625,206 | +€96,933 | +6.3% |
| Amounts payable after more than one year | 17 | €276,936 | €232,112 | -€44,824 | -16.2% |
| Financial debts | 170/4 | €276,936 | €232,112 | -€44,824 | -16.2% |
| Amounts payable within one year | 42/48 | €1,239,676 | €1,358,406 | +€118,730 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €383,496 | €459,880 | +€76,384 | +19.9% |
| Financial debts | 43 | €650,000 | €650,000 | = | 0.0% |
| Credit institutions | 430/8 | €650,000 | €650,000 | = | 0.0% |
| Trade debts | 44 | €12,577 | €27,595 | +€15,018 | +119% |
| Suppliers | 440/4 | €12,577 | €27,595 | +€15,018 | +119% |
| Other amounts payable | 47/48 | €193,603 | €220,932 | +€27,328 | +14.1% |
| Accrued charges and deferred income | 492/3 | €11,661 | €34,688 | +€23,027 | +197% |
| Goods, raw materials, services and sundry goods | 60/61 | €96,739 | - | -€96,739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,772 | €63,171 | -€27,601 | -30.4% |
| Other operating charges | 640/8 | €26,714 | €27,923 | +€1,209 | +4.5% |
| Gross operating margin | 9900 | €14,395 | €46,871 | +€32,476 | +226% |
| Operating profit (loss) | 9901 | -€103,091 | -€44,223 | +€58,868 | +57.1% |
| Financial income | 75/76B | €1 | €629 | +€628 | +65,409% |
| Recurring financial income | 75 | €1 | €629 | +€628 | +65,409% |
| Financial charges | 65/66B | €37,856 | €74,875 | +€37,019 | +97.8% |
| Recurring financial charges | 65 | €37,856 | €74,875 | +€37,019 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | -€140,946 | -€118,469 | +€22,477 | +15.9% |
| Transfer from deferred taxes | 780 | €2,029 | €2,029 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€138,917 | -€116,440 | +€22,477 | +16.2% |
| Transfer from tax-exempt reserves | 789 | €3,940 | €3,940 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€134,978 | -€112,500 | +€22,477 | +16.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.