PHOENIX Buildings&Developments: 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 Buildings&Developments
Largest movements
- Receivables within one year -€52,958
down €52,958 (-37.5%), from €141,134 to €88,176
of which Trade receivables: -€65,173
- Stocks and contracts +€23,719
new in 2025: €23,719
- Tangible fixed assets +€20,896
up €20,896 (+247.4%), from €8,447 to €29,343
- Profit (loss) carried forward -€42,965
down €42,965 (-837.2%), from -€5,132 to -€48,097
- Trade debts -€35,740
down €35,740 (-28.6%), from €124,894 to €89,154
- Debts after one year +€29,187
new in 2025: €29,187
- Tax, wage and social debts +€26,147
up €26,147 (+1048.6%), from €2,493 to €28,640
of which Remuneration and social security: +€23,515
- Current portion of long-term debt +€14,345
new in 2025: €14,345
- Staff costs +€53,594
new in 2025: €53,594
- Gross operating margin +€38,188
up €38,188 (+242.4%), from €15,751 to €53,939
- Financial charges +€25,466
up €25,466 (+449.5%), from €5,665 to €31,131
- Other operating charges +€2,880
up €2,880 (+511.5%), from €563 to €3,443
- Depreciation +€1,776
up €1,776 (+25.5%), from €6,960 to €8,736
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 | €149,991 | €141,478 | -€8,513 | -5.7% |
| Fixed assets | 21/28 | €8,687 | €29,583 | +€20,896 | +240.5% |
| Tangible fixed assets | 22/27 | €8,447 | €29,343 | +€20,896 | +247.4% |
| Furniture and vehicles | 24 | €8,447 | €29,343 | +€20,896 | +247.4% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €141,304 | €111,895 | -€29,409 | -20.8% |
| Stocks and contracts in progress | 3 | - | €23,719 | +€23,719 | |
| Stocks | 30/36 | - | €23,719 | +€23,719 | |
| Amounts receivable within one year | 40/41 | €141,134 | €88,176 | -€52,958 | -37.5% |
| Trade receivables | 40 | €139,823 | €74,650 | -€65,173 | -46.6% |
| Other amounts receivable | 41 | €1,312 | €13,526 | +€12,214 | +931.3% |
| Cash at bank and in hand | 54/58 | €37 | - | -€37 | |
| Deferred charges and accrued income | 490/1 | €132 | - | -€132 | |
| Total equity and liabilities | 10/49 | €149,991 | €141,478 | -€8,513 | -5.7% |
| Equity | 10/15 | €16,023 | -€26,942 | -€42,965 | |
| Contributions | 10/11 | €18,592 | €18,592 | -€0 | 0.0% |
| Reserves | 13 | €2,563 | €2,563 | -€0 | 0.0% |
| Distributable reserves | 133 | €2,563 | €2,563 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€5,132 | -€48,097 | -€42,965 | -837.2% |
| Amounts payable | 17/49 | €133,968 | €168,420 | +€34,453 | +25.7% |
| Amounts payable after more than one year | 17 | - | €29,187 | +€29,187 | |
| Financial debts | 170/4 | - | €29,187 | +€29,187 | |
| Amounts payable within one year | 42/48 | €133,968 | €135,456 | +€1,489 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | - | €14,345 | +€14,345 | |
| Financial debts | 43 | €5,296 | €1,081 | -€4,215 | -79.6% |
| Credit institutions | 430/8 | €5,296 | €1,081 | -€4,215 | -79.6% |
| Trade debts | 44 | €124,894 | €89,154 | -€35,740 | -28.6% |
| Suppliers | 440/4 | €124,894 | €89,154 | -€35,740 | -28.6% |
| Taxes, remuneration and social security | 45 | €2,493 | €28,640 | +€26,147 | +1048.6% |
| Taxes | 450/3 | €2,493 | €5,125 | +€2,632 | +105.5% |
| Remuneration and social security | 454/9 | - | €23,515 | +€23,515 | |
| Other amounts payable | 47/48 | €1,284 | €2,236 | +€952 | +74.1% |
| Accrued charges and deferred income | 492/3 | - | €3,777 | +€3,777 | |
| Remuneration, social security and pensions | 62 | - | €53,594 | +€53,594 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,960 | €8,736 | +€1,776 | +25.5% |
| Other operating charges | 640/8 | €563 | €3,443 | +€2,880 | +511.5% |
| Gross operating margin | 9900 | €15,751 | €53,939 | +€38,188 | +242.4% |
| Operating profit (loss) | 9901 | €8,228 | -€11,834 | -€20,062 | |
| Financial charges | 65/66B | €5,665 | €31,131 | +€25,466 | +449.5% |
| Recurring financial charges | 65 | €5,665 | €31,131 | +€25,466 | +449.5% |
| Profit (loss) for the period before taxes | 9903 | €2,563 | -€42,965 | -€45,528 | |
| Income taxes | 67/77 | €1,241 | - | -€1,241 | |
| Profit (loss) for the period | 9904 | €1,322 | -€42,965 | -€44,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,322 | -€42,965 | -€44,287 |
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 30 September 2026 via checked.be.