PHENIX Ti11: 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 Ti11
Largest movements
- Cash +€8,719
up €8,719 (+686%), from €1,270 to €9,989
mainly Other debts (+€15,051) and Trade debts (+€4,987)
- Receivables within one year -€346
down €346 (-72.4%), from €479 to €132
- Other debts +€15,051
up €15,051 (+183%), from €8,206 to €23,257
- Tax, wage and social debts -€13,151
down €13,151 (-87.3%), from €15,073 to €1,921
of which Remuneration and social security: -€10,901
- Trade debts +€4,987
up €4,987 (+239%), from €2,083 to €7,070
- Profit (loss) carried forward +€1,487
up €1,487 (+5.2%), from -€28,613 to -€27,127
- Staff costs -€34,105
no longer reported in 2025 (was €34,105)
- Gross operating margin +€4,890
up €4,890, from -€2,806 to €2,084
- Financial charges -€85
down €85 (-29.8%), from €285 to €200
- Other operating charges -€32
down €32 (-7.5%), from €429 to €397
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 | €1,749 | €10,121 | +€8,372 | +479% |
| Current assets | 29/58 | €1,749 | €10,121 | +€8,372 | +479% |
| Amounts receivable within one year | 40/41 | €479 | €132 | -€346 | -72.4% |
| Other amounts receivable | 41 | €479 | €132 | -€346 | -72.4% |
| Cash at bank and in hand | 54/58 | €1,270 | €9,989 | +€8,719 | +686% |
| Total equity and liabilities | 10/49 | €1,749 | €10,121 | +€8,372 | +479% |
| Equity | 10/15 | -€23,613 | -€22,127 | +€1,487 | +6.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,613 | -€27,127 | +€1,487 | +5.2% |
| Amounts payable | 17/49 | €25,362 | €32,248 | +€6,886 | +27.2% |
| Amounts payable within one year | 42/48 | €25,362 | €32,248 | +€6,886 | +27.2% |
| Trade debts | 44 | €2,083 | €7,070 | +€4,987 | +239% |
| Suppliers | 440/4 | €2,083 | €7,070 | +€4,987 | +239% |
| Taxes, remuneration and social security | 45 | €15,073 | €1,921 | -€13,151 | -87.3% |
| Taxes | 450/3 | €2,250 | - | -€2,250 | |
| Remuneration and social security | 454/9 | €12,823 | €1,921 | -€10,901 | -85.0% |
| Other amounts payable | 47/48 | €8,206 | €23,257 | +€15,051 | +183% |
| Remuneration, social security and pensions | 62 | €34,105 | - | -€34,105 | |
| Other operating charges | 640/8 | €429 | €397 | -€32 | -7.5% |
| Gross operating margin | 9900 | -€2,806 | €2,084 | +€4,890 | |
| Operating profit (loss) | 9901 | -€37,340 | €1,687 | +€39,027 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €285 | €200 | -€85 | -29.8% |
| Recurring financial charges | 65 | €285 | €200 | -€85 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,625 | €1,487 | +€39,112 | |
| Profit (loss) for the period | 9904 | -€37,625 | €1,487 | +€39,112 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,625 | €1,487 | +€39,112 |
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 31 October 2026 via checked.be.