phi-NiX: 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.
phi-NiX
Largest movements
- Tangible fixed assets -€33,558
down €33,558 (-21.1%), from €159,188 to €125,630
of which Plant, machinery and equipment: -€25,217
- Cash -€3,298
down €3,298 (-37.8%), from €8,714 to €5,417
mainly Debts after one year (-€19,457) and Current portion of long-term debt (-€16,793)
- Debts after one year -€19,457
no longer reported in 2025 (was €19,457)
- Current portion of long-term debt -€16,793
down €16,793 (-46.3%), from €36,250 to €19,457
- Profit (loss) carried forward -€10,974
down €10,974 (-20.1%), from €54,715 to €43,741
- Other debts +€7,717
up €7,717 (+21.3%), from €36,232 to €43,949
- Trade debts +€2,850
up €2,850 (+71.3%), from €3,998 to €6,848
- Depreciation +€2,479
up €2,479 (+8.0%), from €31,079 to €33,558
- Gross operating margin -€2,174
down €2,174 (-8.2%), from €26,395 to €24,222
- Financial charges -€471
down €471 (-46.0%), from €1,023 to €552
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 | €172,725 | €136,224 | -€36,501 | -21.1% |
| Fixed assets | 21/28 | €160,756 | €127,198 | -€33,558 | -20.9% |
| Tangible fixed assets | 22/27 | €159,188 | €125,630 | -€33,558 | -21.1% |
| Plant, machinery and equipment | 23 | €133,845 | €108,628 | -€25,217 | -18.8% |
| Furniture and vehicles | 24 | €9,150 | €4,349 | -€4,801 | -52.5% |
| Other tangible fixed assets | 26 | €16,193 | €12,653 | -€3,540 | -21.9% |
| Financial fixed assets | 28 | €1,568 | €1,568 | = | 0.0% |
| Current assets | 29/58 | €11,969 | €9,025 | -€2,944 | -24.6% |
| Stocks and contracts in progress | 3 | €2,122 | €2,017 | -€105 | -5.0% |
| Stocks | 30/36 | €2,122 | €2,017 | -€105 | -5.0% |
| Amounts receivable within one year | 40/41 | €477 | €644 | +€167 | +35.0% |
| Trade receivables | 40 | €477 | - | -€477 | |
| Other amounts receivable | 41 | - | €644 | +€644 | |
| Cash at bank and in hand | 54/58 | €8,714 | €5,417 | -€3,298 | -37.8% |
| Deferred charges and accrued income | 490/1 | €655 | €947 | +€292 | +44.5% |
| Total equity and liabilities | 10/49 | €172,725 | €136,224 | -€36,501 | -21.1% |
| Equity | 10/15 | €75,120 | €64,146 | -€10,974 | -14.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,405 | €15,405 | = | 0.0% |
| Distributable reserves | 133 | €15,405 | €15,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,715 | €43,741 | -€10,974 | -20.1% |
| Amounts payable | 17/49 | €97,605 | €72,077 | -€25,528 | -26.2% |
| Amounts payable after more than one year | 17 | €19,457 | - | -€19,457 | |
| Financial debts | 170/4 | €19,457 | - | -€19,457 | |
| Amounts payable within one year | 42/48 | €78,148 | €71,550 | -€6,598 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €36,250 | €19,457 | -€16,793 | -46.3% |
| Trade debts | 44 | €3,998 | €6,848 | +€2,850 | +71.3% |
| Suppliers | 440/4 | €3,998 | €6,848 | +€2,850 | +71.3% |
| Taxes, remuneration and social security | 45 | €1,668 | €1,295 | -€372 | -22.3% |
| Taxes | 450/3 | €1,668 | €1,295 | -€372 | -22.3% |
| Other amounts payable | 47/48 | €36,232 | €43,949 | +€7,717 | +21.3% |
| Accrued charges and deferred income | 492/3 | - | €528 | +€528 | |
| Non-recurring operating income | 76A | €8,111 | - | -€8,111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,079 | €33,558 | +€2,479 | +8.0% |
| Other operating charges | 640/8 | €834 | €1,065 | +€231 | +27.7% |
| Gross operating margin | 9900 | €26,395 | €24,222 | -€2,174 | -8.2% |
| Operating profit (loss) | 9901 | -€5,518 | -€10,401 | -€4,883 | -88.5% |
| Financial income | 75/76B | €35 | €35 | +€0 | +0.9% |
| Recurring financial income | 75 | €35 | €35 | +€0 | +0.9% |
| Financial charges | 65/66B | €1,023 | €552 | -€471 | -46.0% |
| Recurring financial charges | 65 | €1,023 | €552 | -€471 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,506 | -€10,918 | -€4,412 | -67.8% |
| Income taxes | 67/77 | €191 | €56 | -€135 | -70.8% |
| Profit (loss) for the period | 9904 | -€6,697 | -€10,974 | -€4,277 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,697 | -€10,974 | -€4,277 | -63.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.