Phoenix Construct: 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 Construct
Largest movements
- Stocks and contracts +€82,075
up €82,075 (+48.8%), from €168,021 to €250,096
- Receivables within one year -€20,299
down €20,299 (-80.5%), from €25,227 to €4,928
of which Other amounts receivable: -€20,299
- Cash -€3,804
down €3,804 (-71.1%), from €5,348 to €1,543
mainly Stocks and contracts (-€82,075) and Net result for the year (-€28,806)
- Short-term financial debts +€50,829
up €50,829 (+54.0%), from €94,172 to €145,000
- Other debts +€32,068
up €32,068 (+9.0%), from €357,098 to €389,166
- Profit (loss) carried forward -€28,806
down €28,806 (-10.2%), from -€281,119 to -€309,924
- Trade debts +€5,888
up €5,888 (+90.5%), from €6,504 to €12,392
- Gross operating margin +€59,853
up €59,853 (+77.8%), from -€76,916 to -€17,063
- Financial charges -€6,305
down €6,305 (-28.2%), from €22,394 to €16,090
- Financial income +€3,663
up €3,663 (+111.4%), from €3,289 to €6,952
- Other operating charges +€2,136
up €2,136 (+454.9%), from €470 to €2,605
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 | €198,661 | €256,634 | +€57,973 | +29.2% |
| Current assets | 29/58 | €198,661 | €256,634 | +€57,973 | +29.2% |
| Stocks and contracts in progress | 3 | €168,021 | €250,096 | +€82,075 | +48.8% |
| Contracts in progress | 37 | €168,021 | €250,096 | +€82,075 | +48.8% |
| Amounts receivable within one year | 40/41 | €25,227 | €4,928 | -€20,299 | -80.5% |
| Trade receivables | 40 | €3,593 | €3,593 | = | 0.0% |
| Other amounts receivable | 41 | €21,634 | €1,335 | -€20,299 | -93.8% |
| Cash at bank and in hand | 54/58 | €5,348 | €1,543 | -€3,804 | -71.1% |
| Deferred charges and accrued income | 490/1 | €65 | €66 | +€1 | +1.4% |
| Total equity and liabilities | 10/49 | €198,661 | €256,634 | +€57,973 | +29.2% |
| Equity | 10/15 | -€261,119 | -€289,924 | -€28,806 | -11.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€281,119 | -€309,924 | -€28,806 | -10.2% |
| Amounts payable | 17/49 | €459,779 | €546,558 | +€86,779 | +18.9% |
| Amounts payable within one year | 42/48 | €459,779 | €546,558 | +€86,779 | +18.9% |
| Financial debts | 43 | €94,172 | €145,000 | +€50,829 | +54.0% |
| Credit institutions | 430/8 | €94,172 | €145,000 | +€50,829 | +54.0% |
| Trade debts | 44 | €6,504 | €12,392 | +€5,888 | +90.5% |
| Suppliers | 440/4 | €6,504 | €12,392 | +€5,888 | +90.5% |
| Taxes, remuneration and social security | 45 | €2,005 | - | -€2,005 | |
| Taxes | 450/3 | €2,005 | - | -€2,005 | |
| Other amounts payable | 47/48 | €357,098 | €389,166 | +€32,068 | +9.0% |
| Other operating charges | 640/8 | €470 | €2,605 | +€2,136 | +454.9% |
| Gross operating margin | 9900 | -€76,916 | -€17,063 | +€59,853 | +77.8% |
| Operating profit (loss) | 9901 | -€77,386 | -€19,668 | +€57,717 | +74.6% |
| Financial income | 75/76B | €3,289 | €6,952 | +€3,663 | +111.4% |
| Recurring financial income | 75 | €3,289 | €6,952 | +€3,663 | +111.4% |
| Financial charges | 65/66B | €22,394 | €16,090 | -€6,305 | -28.2% |
| Recurring financial charges | 65 | €22,394 | €16,090 | -€6,305 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€96,491 | -€28,806 | +€67,685 | +70.1% |
| Profit (loss) for the period | 9904 | -€96,491 | -€28,806 | +€67,685 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,491 | -€28,806 | +€67,685 | +70.1% |
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 11 October 2026 via checked.be.