PHOENIX 26: 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 26
Largest movements
- Receivables within one year -€852,414
down €852,414 (-98.3%), from €866,803 to €14,389
of which Trade receivables: -€704,098
- Cash +€18,219
up €18,219 (+610.3%), from €2,985 to €21,204
mainly Receivables within one year (+€852,414) and Tax, wage and social debts (+€68,111)
- Trade debts -€858,924
down €858,924 (-87.4%), from €982,280 to €123,355
- Tax, wage and social debts +€68,111
up €68,111 (+569.0%), from €11,970 to €80,081
- Profit (loss) carried forward -€37,895
down €37,895 (-21.3%), from -€177,507 to -€215,402
- Gross operating margin +€69,747
up €69,747 (+69.2%), from -€100,838 to -€31,091
- Financial charges -€11,997
down €11,997 (-79.3%), from €15,124 to €3,126
- Financial income +€5,443
new in 2023: €5,443
- Other operating charges +€4,599
up €4,599 (+101.7%), from €4,522 to €9,120
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €870,351 | €41,643 | -€828,709 | -95.2% |
| Fixed assets | 21/28 | - | €6,050 | +€6,050 | |
| Financial fixed assets | 28 | - | €6,050 | +€6,050 | |
| Current assets | 29/58 | €870,351 | €35,593 | -€834,759 | -95.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €866,803 | €14,389 | -€852,414 | -98.3% |
| Trade receivables | 40 | €706,074 | €1,976 | -€704,098 | -99.7% |
| Other amounts receivable | 41 | €160,728 | €12,413 | -€148,316 | -92.3% |
| Cash at bank and in hand | 54/58 | €2,985 | €21,204 | +€18,219 | +610.3% |
| Deferred charges and accrued income | 490/1 | €563 | €0 | -€563 | -100.0% |
| Total equity and liabilities | 10/49 | €870,351 | €41,643 | -€828,709 | -95.2% |
| Equity | 10/15 | -€172,507 | -€210,402 | -€37,895 | -22.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,507 | -€215,402 | -€37,895 | -21.3% |
| Amounts payable | 17/49 | €1,042,859 | €252,045 | -€790,814 | -75.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,042,859 | €252,045 | -€790,814 | -75.8% |
| Financial debts | 43 | €48,600 | €48,600 | = | 0.0% |
| Other loans | 439 | €48,600 | €48,600 | = | 0.0% |
| Trade debts | 44 | €982,280 | €123,355 | -€858,924 | -87.4% |
| Suppliers | 440/4 | €982,280 | €123,355 | -€858,924 | -87.4% |
| Taxes, remuneration and social security | 45 | €11,970 | €80,081 | +€68,111 | +569.0% |
| Taxes | 450/3 | €11,970 | €80,081 | +€68,111 | +569.0% |
| Other amounts payable | 47/48 | €9 | €9 | = | 0.0% |
| Other operating charges | 640/8 | €4,522 | €9,120 | +€4,599 | +101.7% |
| Gross operating margin | 9900 | -€100,838 | -€31,091 | +€69,747 | +69.2% |
| Operating profit (loss) | 9901 | -€105,360 | -€40,211 | +€65,149 | +61.8% |
| Financial income | 75/76B | - | €5,443 | +€5,443 | |
| Recurring financial income | 75 | - | €5,443 | +€5,443 | |
| Financial charges | 65/66B | €15,124 | €3,126 | -€11,997 | -79.3% |
| Recurring financial charges | 65 | €15,124 | €3,126 | -€11,997 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | -€120,483 | -€37,895 | +€82,589 | +68.5% |
| Profit (loss) for the period | 9904 | -€120,483 | -€37,895 | +€82,589 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,483 | -€37,895 | +€82,589 | +68.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.