PHINIX: 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.
PHINIX
Largest movements
- Receivables within one year -€63,567
down €63,567 (-33.4%), from €190,056 to €126,489
of which Trade receivables: -€57,133
- Cash -€30,411
down €30,411 (-27.2%), from €111,641 to €81,230
mainly Tax, wage and social debts (-€49,276) and Trade debts (-€42,986)
- Intangible fixed assets +€3,891
new in 2025: €3,891
- Tangible fixed assets -€3,792
down €3,792 (-52.4%), from €7,238 to €3,446
- Tax, wage and social debts -€49,276
down €49,276 (-77.5%), from €63,562 to €14,287
of which Taxes: -€55,678
- Trade debts -€42,986
down €42,986 (-70.3%), from €61,137 to €18,151
- Profit (loss) carried forward -€4,428
down €4,428 (-13.7%), from €32,370 to €27,942
- Short-term financial debts +€3,364
new in 2025: €3,364
- Other operating charges +€82,527
up €82,527 (+519%), from €15,893 to €98,421
- Staff costs -€80,589
down €80,589 (-19.6%), from €412,182 to €331,592
- Gross operating margin -€7,532
down €7,532 (-1.7%), from €447,919 to €440,388
- Taxes -€6,748
down €6,748 (-40.3%), from €16,748 to €10,000
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 | €313,384 | €219,949 | -€93,435 | -29.8% |
| Fixed assets | 21/28 | €7,238 | €7,337 | +€99 | +1.4% |
| Intangible fixed assets | 21 | - | €3,891 | +€3,891 | |
| Tangible fixed assets | 22/27 | €7,238 | €3,446 | -€3,792 | -52.4% |
| Furniture and vehicles | 24 | €7,238 | €3,446 | -€3,792 | -52.4% |
| Current assets | 29/58 | €306,146 | €212,612 | -€93,534 | -30.6% |
| Amounts receivable within one year | 40/41 | €190,056 | €126,489 | -€63,567 | -33.4% |
| Trade receivables | 40 | €159,660 | €102,527 | -€57,133 | -35.8% |
| Other amounts receivable | 41 | €30,396 | €23,962 | -€6,434 | -21.2% |
| Cash at bank and in hand | 54/58 | €111,641 | €81,230 | -€30,411 | -27.2% |
| Deferred charges and accrued income | 490/1 | €4,448 | €4,892 | +€444 | +10.0% |
| Total equity and liabilities | 10/49 | €313,384 | €219,949 | -€93,435 | -29.8% |
| Equity | 10/15 | €188,575 | €184,147 | -€4,428 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €137,606 | €137,606 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €135,746 | €135,746 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,370 | €27,942 | -€4,428 | -13.7% |
| Amounts payable | 17/49 | €124,808 | €35,802 | -€89,007 | -71.3% |
| Amounts payable within one year | 42/48 | €124,700 | €35,802 | -€88,898 | -71.3% |
| Financial debts | 43 | - | €3,364 | +€3,364 | |
| Credit institutions | 430/8 | - | €3,364 | +€3,364 | |
| Trade debts | 44 | €61,137 | €18,151 | -€42,986 | -70.3% |
| Suppliers | 440/4 | €61,137 | €18,151 | -€42,986 | -70.3% |
| Taxes, remuneration and social security | 45 | €63,562 | €14,287 | -€49,276 | -77.5% |
| Taxes | 450/3 | €63,562 | €7,885 | -€55,678 | -87.6% |
| Remuneration and social security | 454/9 | - | €6,402 | +€6,402 | |
| Accrued charges and deferred income | 492/3 | €109 | - | -€109 | |
| Remuneration, social security and pensions | 62 | €412,182 | €331,592 | -€80,589 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,842 | €4,901 | +€1,059 | +27.6% |
| Other operating charges | 640/8 | €15,893 | €98,421 | +€82,527 | +519% |
| Gross operating margin | 9900 | €447,919 | €440,388 | -€7,532 | -1.7% |
| Operating profit (loss) | 9901 | €16,003 | €5,474 | -€10,529 | -65.8% |
| Financial income | 75/76B | €2,016 | €197 | -€1,819 | -90.2% |
| Recurring financial income | 75 | €2,016 | €197 | -€1,819 | -90.2% |
| Financial charges | 65/66B | €745 | €99 | -€646 | -86.7% |
| Recurring financial charges | 65 | €745 | €99 | -€646 | -86.7% |
| Profit (loss) for the period before taxes | 9903 | €17,274 | €5,572 | -€11,702 | -67.7% |
| Income taxes | 67/77 | €16,748 | €10,000 | -€6,748 | -40.3% |
| Profit (loss) for the period | 9904 | €526 | -€4,428 | -€4,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €526 | -€4,428 | -€4,954 |
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 14 October 2026 via checked.be.