PHOENIX: 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.
PHOENIX
Largest movements
- Receivables within one year +€68,345
up €68,345 (+140.9%), from €48,513 to €116,858
of which Trade receivables: +€67,239
- Tangible fixed assets -€12,398
down €12,398 (-3.6%), from €346,230 to €333,833
- Receivables after one year -€8,897
down €8,897 (-5.7%), from €155,123 to €146,226
of which Other amounts receivable: -€8,897
- Reserves +€59,273
up €59,273 (+17.2%), from €344,667 to €403,940
- Debts after one year -€36,629
down €36,629 (-38.8%), from €94,310 to €57,681
- Tax, wage and social debts +€28,464
up €28,464 (+1649.3%), from €1,726 to €30,190
- Trade debts +€8,300
up €8,300 (+225.6%), from €3,679 to €11,979
- Other debts -€8,050
down €8,050 (-5.6%), from €144,826 to €136,776
- Gross operating margin +€77,545
up €77,545 (+193.7%), from €40,028 to €117,574
- Taxes +€26,512
up €26,512 (+425.8%), from €6,226 to €32,738
- Financial income +€1,929
up €1,929 (+140.1%), from €1,377 to €3,306
- Financial charges -€1,370
down €1,370 (-23.4%), from €5,854 to €4,483
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.
Cash bridge derived
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 | €643,041 | €695,794 | +€52,753 | +8.2% |
| Fixed assets | 21/28 | €428,230 | €417,933 | -€10,298 | -2.4% |
| Tangible fixed assets | 22/27 | €346,230 | €333,833 | -€12,398 | -3.6% |
| Land and buildings | 22 | €346,230 | €333,833 | -€12,398 | -3.6% |
| Financial fixed assets | 28 | €82,000 | €84,100 | +€2,100 | +2.6% |
| Current assets | 29/58 | €214,811 | €277,862 | +€63,050 | +29.4% |
| Amounts receivable after more than one year | 29 | €155,123 | €146,226 | -€8,897 | -5.7% |
| Trade receivables | 290 | €99,000 | €99,000 | = | 0.0% |
| Other amounts receivable | 291 | €56,123 | €47,226 | -€8,897 | -15.9% |
| Amounts receivable within one year | 40/41 | €48,513 | €116,858 | +€68,345 | +140.9% |
| Trade receivables | 40 | €39,289 | €106,528 | +€67,239 | +171.1% |
| Other amounts receivable | 41 | €9,225 | €10,330 | +€1,106 | +12.0% |
| Current investments | 50/53 | €363 | €363 | +€1 | +0.2% |
| Cash at bank and in hand | 54/58 | €10,812 | €14,414 | +€3,602 | +33.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €643,041 | €695,794 | +€52,753 | +8.2% |
| Equity | 10/15 | €363,267 | €422,540 | +€59,273 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €344,667 | €403,940 | +€59,273 | +17.2% |
| Distributable reserves | 133 | €344,667 | €403,940 | +€59,273 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €279,774 | €273,254 | -€6,520 | -2.3% |
| Amounts payable after more than one year | 17 | €94,310 | €57,681 | -€36,629 | -38.8% |
| Financial debts | 170/4 | €94,310 | €57,681 | -€36,629 | -38.8% |
| Amounts payable within one year | 42/48 | €185,464 | €215,573 | +€30,109 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €35,233 | €36,628 | +€1,396 | +4.0% |
| Trade debts | 44 | €3,679 | €11,979 | +€8,300 | +225.6% |
| Suppliers | 440/4 | €3,679 | €11,979 | +€8,300 | +225.6% |
| Taxes, remuneration and social security | 45 | €1,726 | €30,190 | +€28,464 | +1649.3% |
| Taxes | 450/3 | €1,726 | €30,190 | +€28,464 | +1649.3% |
| Other amounts payable | 47/48 | €144,826 | €136,776 | -€8,050 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,398 | €12,398 | = | 0.0% |
| Other operating charges | 640/8 | €3,735 | €3,862 | +€127 | +3.4% |
| Gross operating margin | 9900 | €40,028 | €117,574 | +€77,545 | +193.7% |
| Operating profit (loss) | 9901 | €23,896 | €101,314 | +€77,418 | +324.0% |
| Financial income | 75/76B | €1,377 | €3,306 | +€1,929 | +140.1% |
| Recurring financial income | 75 | €1,377 | €3,306 | +€1,929 | +140.1% |
| Financial charges | 65/66B | €5,854 | €4,483 | -€1,370 | -23.4% |
| Recurring financial charges | 65 | €5,854 | €4,483 | -€1,370 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €19,420 | €100,137 | +€80,718 | +415.7% |
| Income taxes | 67/77 | €6,226 | €32,738 | +€26,512 | +425.8% |
| Profit (loss) for the period | 9904 | €13,194 | €67,400 | +€54,206 | +410.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,194 | €67,400 | +€54,206 | +410.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.