Phoenix.ag: 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.ag
Largest movements
- Tangible fixed assets -€16,459
down €16,459 (-12.8%), from €128,356 to €111,897
of which Leasing and similar rights: -€19,397
- Cash -€11,735
down €11,735 (-21.7%), from €53,964 to €42,229
mainly Debts after one year (-€17,640) and Net result for the year (-€6,562)
- Stocks and contracts +€3,018
up €3,018 (+22.6%), from €13,339 to €16,357
- Receivables within one year +€2,340
up €2,340 (+27.3%), from €8,586 to €10,926
of which Other amounts receivable: +€2,270
- Debts after one year -€17,640
down €17,640 (-13.0%), from €135,978 to €118,338
- Trade debts +€7,257
up €7,257 (+53.4%), from €13,586 to €20,843
- Profit (loss) carried forward -€6,562
down €6,562 (-4.4%), from -€149,528 to -€156,091
- Tax, wage and social debts -€6,263
down €6,263 (-37.5%), from €16,693 to €10,430
of which Remuneration and social security: -€6,183
- Gross operating margin -€28,161
down €28,161 (-39.4%), from €71,419 to €43,257
- Staff costs -€27,092
down €27,092 (-50.1%), from €54,046 to €26,954
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 | €206,625 | €183,818 | -€22,807 | -11.0% |
| Fixed assets | 21/28 | €129,456 | €112,997 | -€16,459 | -12.7% |
| Tangible fixed assets | 22/27 | €128,356 | €111,897 | -€16,459 | -12.8% |
| Furniture and vehicles | 24 | €706 | €1,595 | +€889 | +126.0% |
| Leasing and similar rights | 25 | €127,650 | €108,253 | -€19,397 | -15.2% |
| Other tangible fixed assets | 26 | - | €2,049 | +€2,049 | |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €77,168 | €70,821 | -€6,348 | -8.2% |
| Stocks and contracts in progress | 3 | €13,339 | €16,357 | +€3,018 | +22.6% |
| Stocks | 30/36 | €13,339 | €16,357 | +€3,018 | +22.6% |
| Amounts receivable within one year | 40/41 | €8,586 | €10,926 | +€2,340 | +27.3% |
| Trade receivables | 40 | €7,870 | €7,939 | +€70 | +0.9% |
| Other amounts receivable | 41 | €716 | €2,986 | +€2,270 | +316.9% |
| Cash at bank and in hand | 54/58 | €53,964 | €42,229 | -€11,735 | -21.7% |
| Deferred charges and accrued income | 490/1 | €1,280 | €1,309 | +€29 | +2.3% |
| Total equity and liabilities | 10/49 | €206,625 | €183,818 | -€22,807 | -11.0% |
| Equity | 10/15 | €23,033 | €16,471 | -€6,562 | -28.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,962 | €153,962 | = | 0.0% |
| Non-distributable reserves | 130/1 | €153,962 | €153,962 | = | 0.0% |
| Financial assistance | 1313 | €153,962 | €153,962 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,528 | -€156,091 | -€6,562 | -4.4% |
| Amounts payable | 17/49 | €183,591 | €167,347 | -€16,244 | -8.8% |
| Amounts payable after more than one year | 17 | €135,978 | €118,338 | -€17,640 | -13.0% |
| Financial debts | 170/4 | €135,978 | €118,338 | -€17,640 | -13.0% |
| Amounts payable within one year | 42/48 | €47,613 | €49,008 | +€1,395 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €17,334 | €17,640 | +€306 | +1.8% |
| Trade debts | 44 | €13,586 | €20,843 | +€7,257 | +53.4% |
| Suppliers | 440/4 | €13,586 | €20,843 | +€7,257 | +53.4% |
| Taxes, remuneration and social security | 45 | €16,693 | €10,430 | -€6,263 | -37.5% |
| Taxes | 450/3 | €9,720 | €9,640 | -€80 | -0.8% |
| Remuneration and social security | 454/9 | €6,973 | €789 | -€6,183 | -88.7% |
| Other amounts payable | 47/48 | - | €96 | +€96 | |
| Remuneration, social security and pensions | 62 | €54,046 | €26,954 | -€27,092 | -50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,754 | €19,784 | +€30 | +0.2% |
| Other operating charges | 640/8 | €387 | €1,000 | +€612 | +158.1% |
| Gross operating margin | 9900 | €71,419 | €43,257 | -€28,161 | -39.4% |
| Operating profit (loss) | 9901 | -€2,769 | -€4,480 | -€1,711 | -61.8% |
| Financial income | 75/76B | €37 | €308 | +€271 | +727.3% |
| Recurring financial income | 75 | €37 | €308 | +€271 | +727.3% |
| Financial charges | 65/66B | €2,859 | €2,390 | -€468 | -16.4% |
| Recurring financial charges | 65 | €2,859 | €2,390 | -€468 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,590 | -€6,562 | -€972 | -17.4% |
| Profit (loss) for the period | 9904 | -€5,590 | -€6,562 | -€972 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,590 | -€6,562 | -€972 | -17.4% |
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.