PHOENIX CONSULTING: 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 CONSULTING
Largest movements
- Cash -€60,792
down €60,792 (-39.6%), from €153,645 to €92,853
mainly Investment in fixed assets (net) (-€45,368) and Receivables within one year (-€33,502)
- Receivables within one year +€33,502
up €33,502 (+929%), from €3,606 to €37,107
of which Trade receivables: +€28,708
- Tangible fixed assets +€25,620
up €25,620 (+6.3%), from €403,952 to €429,572
of which Land and buildings: +€26,100
- Current investments +€11,766
up €11,766 (+27.6%), from €42,579 to €54,345
- Reserves +€39,496
up €39,496 (+13.7%), from €287,263 to €326,759
- Debts after one year -€25,288
down €25,288 (-9.8%), from €257,715 to €232,427
- Gross operating margin -€27,241
down €27,241 (-22.7%), from €119,788 to €92,547
- Taxes -€9,951
down €9,951 (-37.5%), from €26,552 to €16,601
- Other operating charges +€6,947
up €6,947 (+159%), from €4,368 to €11,315
- Depreciation +€3,122
up €3,122 (+18.8%), from €16,626 to €19,748
- Financial income -€1,339
down €1,339 (-71.1%), from €1,883 to €544
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 | €603,782 | €615,639 | +€11,857 | +2.0% |
| Fixed assets | 21/28 | €403,952 | €429,572 | +€25,620 | +6.3% |
| Tangible fixed assets | 22/27 | €403,952 | €429,572 | +€25,620 | +6.3% |
| Land and buildings | 22 | €401,999 | €428,099 | +€26,100 | +6.5% |
| Furniture and vehicles | 24 | €1,953 | €1,473 | -€480 | -24.6% |
| Current assets | 29/58 | €199,830 | €186,067 | -€13,762 | -6.9% |
| Amounts receivable within one year | 40/41 | €3,606 | €37,107 | +€33,502 | +929% |
| Trade receivables | 40 | - | €28,708 | +€28,708 | |
| Other amounts receivable | 41 | €3,606 | €8,399 | +€4,793 | +133% |
| Current investments | 50/53 | €42,579 | €54,345 | +€11,766 | +27.6% |
| Cash at bank and in hand | 54/58 | €153,645 | €92,853 | -€60,792 | -39.6% |
| Deferred charges and accrued income | 490/1 | - | €1,762 | +€1,762 | |
| Total equity and liabilities | 10/49 | €603,782 | €615,639 | +€11,857 | +2.0% |
| Equity | 10/15 | €307,723 | €347,219 | +€39,496 | +12.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €287,263 | €326,759 | +€39,496 | +13.7% |
| Distributable reserves | 133 | €287,263 | €326,759 | +€39,496 | +13.7% |
| Amounts payable | 17/49 | €296,059 | €268,421 | -€27,638 | -9.3% |
| Amounts payable after more than one year | 17 | €257,715 | €232,427 | -€25,288 | -9.8% |
| Financial debts | 170/4 | €257,715 | €232,427 | -€25,288 | -9.8% |
| Amounts payable within one year | 42/48 | €38,343 | €35,993 | -€2,350 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €24,825 | €25,288 | +€463 | +1.9% |
| Trade debts | 44 | €1,705 | €2,548 | +€843 | +49.5% |
| Suppliers | 440/4 | €1,705 | €2,548 | +€843 | +49.5% |
| Taxes, remuneration and social security | 45 | €10,345 | €7,522 | -€2,823 | -27.3% |
| Taxes | 450/3 | €10,345 | €7,522 | -€2,823 | -27.3% |
| Other amounts payable | 47/48 | €1,469 | €636 | -€833 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,626 | €19,748 | +€3,122 | +18.8% |
| Other operating charges | 640/8 | €4,368 | €11,315 | +€6,947 | +159% |
| Gross operating margin | 9900 | €119,788 | €92,547 | -€27,241 | -22.7% |
| Operating profit (loss) | 9901 | €98,794 | €61,484 | -€37,310 | -37.8% |
| Financial income | 75/76B | €1,883 | €544 | -€1,339 | -71.1% |
| Recurring financial income | 75 | €1,883 | €544 | -€1,339 | -71.1% |
| Financial charges | 65/66B | €6,729 | €5,931 | -€798 | -11.9% |
| Recurring financial charges | 65 | €6,729 | €5,931 | -€798 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €93,948 | €56,097 | -€37,852 | -40.3% |
| Income taxes | 67/77 | €26,552 | €16,601 | -€9,951 | -37.5% |
| Profit (loss) for the period | 9904 | €67,396 | €39,496 | -€27,900 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,396 | €39,496 | -€27,900 | -41.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.