Phoenix Capital: 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 Capital
Largest movements
- Cash -€30,957
down €30,957 (-87.4%), from €35,406 to €4,449
mainly Net result for the year (-€35,226) and Tax, wage and social debts (-€2,436)
- Tangible fixed assets -€7,368
down €7,368 (-29.2%), from €25,249 to €17,881
of which Furniture and vehicles: -€5,334
- Deferred charges and accrued income +€1,386
up €1,386 (+44.3%), from €3,127 to €4,513
- Profit (loss) carried forward -€35,172
down €35,172 (-71.0%), from €49,513 to €14,341
- Tax, wage and social debts -€2,436
down €2,436 (-73.2%), from €3,327 to €891
- Trade debts +€2,316
up €2,316 (+8.1%), from €28,666 to €30,981
- Accrued charges and deferred income -€916
no longer reported in 2025 (was €916)
- Gross operating margin -€105,536
down €105,536, from €80,275 to -€25,261
- Taxes -€18,613
down €18,613, from €18,401 to -€212
- Depreciation -€4,267
down €4,267 (-36.7%), from €11,635 to €7,368
- Other operating charges +€2,973
up €2,973 (+349%), from €852 to €3,826
- Financial income +€982
up €982 (+629%), from €156 to €1,138
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.
Derived cash bridge
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 | €82,522 | €46,313 | -€36,209 | -43.9% |
| Fixed assets | 21/28 | €25,490 | €18,122 | -€7,368 | -28.9% |
| Tangible fixed assets | 22/27 | €25,249 | €17,881 | -€7,368 | -29.2% |
| Furniture and vehicles | 24 | €8,325 | €2,991 | -€5,334 | -64.1% |
| Other tangible fixed assets | 26 | €16,924 | €14,890 | -€2,034 | -12.0% |
| Financial fixed assets | 28 | €241 | €241 | = | 0.0% |
| Current assets | 29/58 | €57,032 | €28,191 | -€28,841 | -50.6% |
| Amounts receivable within one year | 40/41 | €18,499 | €19,229 | +€730 | +3.9% |
| Trade receivables | 40 | €10,275 | €10,880 | +€605 | +5.9% |
| Other amounts receivable | 41 | €8,224 | €8,349 | +€125 | +1.5% |
| Cash at bank and in hand | 54/58 | €35,406 | €4,449 | -€30,957 | -87.4% |
| Deferred charges and accrued income | 490/1 | €3,127 | €4,513 | +€1,386 | +44.3% |
| Total equity and liabilities | 10/49 | €82,522 | €46,313 | -€36,209 | -43.9% |
| Equity | 10/15 | €49,613 | €14,441 | -€35,172 | -70.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,513 | €14,341 | -€35,172 | -71.0% |
| Amounts payable | 17/49 | €32,909 | €31,872 | -€1,036 | -3.1% |
| Amounts payable within one year | 42/48 | €31,993 | €31,872 | -€121 | -0.4% |
| Trade debts | 44 | €28,666 | €30,981 | +€2,316 | +8.1% |
| Suppliers | 440/4 | €28,666 | €30,981 | +€2,316 | +8.1% |
| Taxes, remuneration and social security | 45 | €3,327 | €891 | -€2,436 | -73.2% |
| Taxes | 450/3 | €3,327 | €891 | -€2,436 | -73.2% |
| Accrued charges and deferred income | 492/3 | €916 | - | -€916 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,635 | €7,368 | -€4,267 | -36.7% |
| Other operating charges | 640/8 | €852 | €3,826 | +€2,973 | +349% |
| Gross operating margin | 9900 | €80,275 | -€25,261 | -€105,536 | |
| Operating profit (loss) | 9901 | €67,788 | -€36,455 | -€104,242 | |
| Financial income | 75/76B | €156 | €1,138 | +€982 | +629% |
| Recurring financial income | 75 | €156 | €1,138 | +€982 | +629% |
| Financial charges | 65/66B | €262 | €121 | -€141 | -53.8% |
| Recurring financial charges | 65 | €262 | €121 | -€141 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €67,681 | -€35,438 | -€103,119 | |
| Income taxes | 67/77 | €18,401 | -€212 | -€18,613 | |
| Profit (loss) for the period | 9904 | €49,280 | -€35,226 | -€84,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,280 | -€35,226 | -€84,506 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.