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
- Cash -€5,704
down €5,704 (-94.6%), from €6,028 to €324
mainly Investment in fixed assets (net) (-€27,079) and Net result for the year (-€7,264)
- Receivables within one year -€1,960
down €1,960 (-13.3%), from €14,781 to €12,821
- Tangible fixed assets +€366
up €366 (+2.4%), from €15,483 to €15,849
of which Furniture and vehicles: +€8,532
- Debts after one year +€8,394
up €8,394 (+2484.2%), from €338 to €8,732
- Profit (loss) carried forward -€7,264
down €7,264 (-40.7%), from -€17,868 to -€25,132
- Other debts -€7,067
down €7,067 (-23.9%), from €29,628 to €22,561
- Tax, wage and social debts -€2,891
down €2,891 (-36.4%), from €7,937 to €5,046
of which Taxes: -€1,641
- Trade debts +€1,271
up €1,271 (+72.6%), from €1,750 to €3,021
- Depreciation +€21,879
up €21,879 (+452.6%), from €4,834 to €26,713
- Gross operating margin +€8,474
up €8,474 (+67.1%), from €12,633 to €21,107
- Other operating charges +€624
up €624 (+279.6%), from €223 to €847
- Taxes -€454
down €454 (-63.1%), from €720 to €266
- Financial charges +€359
up €359 (+192.1%), from €187 to €546
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 | €36,292 | €28,994 | -€7,298 | -20.1% |
| Fixed assets | 21/28 | €15,483 | €15,849 | +€366 | +2.4% |
| Tangible fixed assets | 22/27 | €15,483 | €15,849 | +€366 | +2.4% |
| Plant, machinery and equipment | 23 | €10,968 | €2,802 | -€8,166 | -74.5% |
| Furniture and vehicles | 24 | €4,515 | €13,047 | +€8,532 | +189.0% |
| Current assets | 29/58 | €20,809 | €13,145 | -€7,664 | -36.8% |
| Amounts receivable within one year | 40/41 | €14,781 | €12,821 | -€1,960 | -13.3% |
| Trade receivables | 40 | €14,781 | €12,821 | -€1,960 | -13.3% |
| Cash at bank and in hand | 54/58 | €6,028 | €324 | -€5,704 | -94.6% |
| Total equity and liabilities | 10/49 | €36,292 | €28,994 | -€7,298 | -20.1% |
| Equity | 10/15 | -€5,368 | -€12,632 | -€7,264 | -135.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | - | -€100 | |
| Reserves not available under the articles | 1311 | - | €100 | +€100 | |
| Profit (loss) carried forward | 14 | -€17,868 | -€25,132 | -€7,264 | -40.7% |
| Amounts payable | 17/49 | €41,660 | €41,626 | -€34 | -0.1% |
| Amounts payable after more than one year | 17 | €338 | €8,732 | +€8,394 | +2484.2% |
| Financial debts | 170/4 | €338 | €8,732 | +€8,394 | +2484.2% |
| Amounts payable within one year | 42/48 | €41,322 | €32,894 | -€8,428 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €2,007 | €2,266 | +€259 | +12.9% |
| Trade debts | 44 | €1,750 | €3,021 | +€1,271 | +72.6% |
| Suppliers | 440/4 | €1,750 | €3,021 | +€1,271 | +72.6% |
| Taxes, remuneration and social security | 45 | €7,937 | €5,046 | -€2,891 | -36.4% |
| Taxes | 450/3 | €6,687 | €5,046 | -€1,641 | -24.5% |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €29,628 | €22,561 | -€7,067 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,834 | €26,713 | +€21,879 | +452.6% |
| Other operating charges | 640/8 | €223 | €847 | +€624 | +279.6% |
| Gross operating margin | 9900 | €12,633 | €21,107 | +€8,474 | +67.1% |
| Operating profit (loss) | 9901 | €7,576 | -€6,453 | -€14,029 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +171.7% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +171.7% |
| Financial charges | 65/66B | €187 | €546 | +€359 | +192.1% |
| Recurring financial charges | 65 | €187 | €546 | +€359 | +192.1% |
| Profit (loss) for the period before taxes | 9903 | €7,389 | -€6,998 | -€14,387 | |
| Income taxes | 67/77 | €720 | €266 | -€454 | -63.1% |
| Profit (loss) for the period | 9904 | €6,670 | -€7,264 | -€13,933 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,670 | -€7,264 | -€13,933 |
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 5 October 2026 via checked.be.