PHENNIX: 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.
PHENNIX
Largest movements
- Cash +€2,146
up €2,146 (+38.9%), from €5,511 to €7,658
mainly Tax, wage and social debts (+€2,545) and Depreciation (+€1,390)
- Tangible fixed assets -€1,390
down €1,390 (-14.6%), from €9,547 to €8,157
of which Other tangible fixed assets: -€1,000
- Stocks and contracts +€775
up €775 (+7.1%), from €10,896 to €11,671
- Tax, wage and social debts +€2,545
up €2,545 (+178.4%), from €1,427 to €3,971
- Other debts -€2,167
down €2,167 (-4.4%), from €48,981 to €46,814
- Profit (loss) carried forward +€1,134
up €1,134 (+2.7%), from -€41,900 to -€40,766
- Turnover +€15,919
up €15,919 (+29.2%), from €54,501 to €70,419
- Purchases and services +€14,614
up €14,614 (+28.0%), from €52,230 to €66,844
- Gross operating margin +€1,305
up €1,305 (+57.5%), from €2,270 to €3,576
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 | €29,527 | €31,131 | +€1,604 | +5.4% |
| Fixed assets | 21/28 | €12,497 | €11,107 | -€1,390 | -11.1% |
| Tangible fixed assets | 22/27 | €9,547 | €8,157 | -€1,390 | -14.6% |
| Plant, machinery and equipment | 23 | €1,383 | €993 | -€390 | -28.2% |
| Other tangible fixed assets | 26 | €8,164 | €7,164 | -€1,000 | -12.2% |
| Financial fixed assets | 28 | €2,950 | €2,950 | = | 0.0% |
| Current assets | 29/58 | €17,030 | €20,024 | +€2,993 | +17.6% |
| Stocks and contracts in progress | 3 | €10,896 | €11,671 | +€775 | +7.1% |
| Stocks | 30/36 | €10,896 | €11,671 | +€775 | +7.1% |
| Amounts receivable within one year | 40/41 | €624 | €696 | +€72 | +11.5% |
| Trade receivables | 40 | - | €696 | +€696 | |
| Other amounts receivable | 41 | €624 | - | -€624 | |
| Cash at bank and in hand | 54/58 | €5,511 | €7,658 | +€2,146 | +38.9% |
| Total equity and liabilities | 10/49 | €29,527 | €31,131 | +€1,604 | +5.4% |
| Equity | 10/15 | -€23,300 | -€22,166 | +€1,134 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,900 | -€40,766 | +€1,134 | +2.7% |
| Amounts payable | 17/49 | €52,827 | €53,297 | +€470 | +0.9% |
| Amounts payable within one year | 42/48 | €52,827 | €53,297 | +€470 | +0.9% |
| Trade debts | 44 | €2,420 | €2,512 | +€92 | +3.8% |
| Suppliers | 440/4 | €2,420 | €2,512 | +€92 | +3.8% |
| Taxes, remuneration and social security | 45 | €1,427 | €3,971 | +€2,545 | +178.4% |
| Taxes | 450/3 | €1,427 | €3,971 | +€2,545 | +178.4% |
| Other amounts payable | 47/48 | €48,981 | €46,814 | -€2,167 | -4.4% |
| Turnover | 70 | €54,501 | €70,419 | +€15,919 | +29.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €52,230 | €66,844 | +€14,614 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,608 | €1,390 | -€218 | -13.6% |
| Other operating charges | 640/8 | €179 | €476 | +€297 | +165.6% |
| Gross operating margin | 9900 | €2,270 | €3,576 | +€1,305 | +57.5% |
| Operating profit (loss) | 9901 | €483 | €1,710 | +€1,227 | +254.2% |
| Financial charges | 65/66B | €340 | €576 | +€236 | +69.4% |
| Recurring financial charges | 65 | €340 | €576 | +€236 | +69.4% |
| Profit (loss) for the period before taxes | 9903 | €143 | €1,134 | +€991 | +695.4% |
| Profit (loss) for the period | 9904 | €143 | €1,134 | +€991 | +695.4% |
| Profit (loss) for the period to be appropriated | 9905 | €143 | €1,134 | +€991 | +695.4% |
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.