PHOENIX: 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.
PHOENIX
Largest movements
- Cash +€4,406
up €4,406 (+31.3%), from €14,055 to €18,461
mainly Net result for the year (+€15,741) and Depreciation (+€1,741)
- Tangible fixed assets -€1,741
down €1,741 (-54.5%), from €3,192 to €1,451
of which Land and buildings: -€1,283
- Contributions -€26,000
no longer reported in 2024 (was €26,000)
- Revaluation surpluses +€26,000
new in 2024: €26,000
- Profit (loss) carried forward +€15,741
up €15,741, from -€11,654 to €4,087
- Other debts -€12,451
no longer reported in 2024 (was €12,451)
- Tax, wage and social debts -€622
down €622 (-26.5%), from €2,348 to €1,725
of which Remuneration and social security: -€622
- Staff costs -€9,606
down €9,606 (-29.5%), from €32,573 to €22,967
- Taxes +€2,824
new in 2024: €2,824
- Financial charges -€1,245
down €1,245 (-85.6%), from €1,455 to €210
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 | €31,748 | €34,413 | +€2,665 | +8.4% |
| Fixed assets | 21/28 | €3,192 | €1,451 | -€1,741 | -54.5% |
| Tangible fixed assets | 22/27 | €3,192 | €1,451 | -€1,741 | -54.5% |
| Land and buildings | 22 | €1,822 | €539 | -€1,283 | -70.4% |
| Plant, machinery and equipment | 23 | €1,370 | €912 | -€459 | -33.5% |
| Current assets | 29/58 | €28,555 | €32,961 | +€4,406 | +15.4% |
| Amounts receivable within one year | 40/41 | €14,500 | €14,500 | = | 0.0% |
| Trade receivables | 40 | €10,515 | €10,515 | = | 0.0% |
| Other amounts receivable | 41 | €3,985 | €3,985 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,055 | €18,461 | +€4,406 | +31.3% |
| Total equity and liabilities | 10/49 | €31,748 | €34,413 | +€2,665 | +8.4% |
| Equity | 10/15 | €16,946 | €32,687 | +€15,741 | +92.9% |
| Contributions | 10/11 | €26,000 | - | -€26,000 | |
| Revaluation surpluses | 12 | - | €26,000 | +€26,000 | |
| Reserves | 13 | €2,600 | €2,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,600 | €2,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,600 | €2,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,654 | €4,087 | +€15,741 | |
| Amounts payable | 17/49 | €14,802 | €1,725 | -€13,077 | -88.3% |
| Amounts payable within one year | 42/48 | €14,802 | €1,725 | -€13,077 | -88.3% |
| Trade debts | 44 | €3 | €0 | -€3 | -99.7% |
| Suppliers | 440/4 | €3 | €0 | -€3 | -99.7% |
| Taxes, remuneration and social security | 45 | €2,348 | €1,725 | -€622 | -26.5% |
| Taxes | 450/3 | €135 | €135 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,212 | €1,590 | -€622 | -28.1% |
| Other amounts payable | 47/48 | €12,451 | - | -€12,451 | |
| Remuneration, social security and pensions | 62 | €32,573 | €22,967 | -€9,606 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,741 | €1,741 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,882 | €1,494 | -€389 | -20.6% |
| Gross operating margin | 9900 | €45,047 | €44,884 | -€163 | -0.4% |
| Operating profit (loss) | 9901 | €8,851 | €18,682 | +€9,831 | +111.1% |
| Financial income | 75/76B | - | €94 | +€94 | |
| Recurring financial income | 75 | - | €94 | +€94 | |
| Financial charges | 65/66B | €1,455 | €210 | -€1,245 | -85.6% |
| Recurring financial charges | 65 | €1,455 | €210 | -€1,245 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | €7,395 | €18,566 | +€11,170 | +151.0% |
| Income taxes | 67/77 | - | €2,824 | +€2,824 | |
| Profit (loss) for the period | 9904 | €7,395 | €15,741 | +€8,346 | +112.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,395 | €15,741 | +€8,346 | +112.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.