PHOENIX DALHEM: 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 DALHEM
Largest movements
- Stocks and contracts +€456,084
up €456,084 (+48.8%), from €934,275 to €1.4m
- Receivables within one year -€30,269
down €30,269 (-31.9%), from €94,873 to €64,604
of which Trade receivables: -€32,834
- Short-term financial debts +€451,116
up €451,116 (+166%), from €272,541 to €723,657
of which Credit institutions: +€351,116
- Profit (loss) carried forward -€31,606
down €31,606 (-152%), from -€20,785 to -€52,391
- Financial charges +€14,915
up €14,915 (+117%), from €12,789 to €27,704
- Gross operating margin +€2,826
up €2,826 (+44.8%), from -€6,304 to -€3,479
- Other operating charges -€1,269
down €1,269 (-75.0%), from €1,692 to €423
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,034,293 | €1,455,003 | +€420,710 | +40.7% |
| Current assets | 29/58 | €1,034,293 | €1,455,003 | +€420,710 | +40.7% |
| Stocks and contracts in progress | 3 | €934,275 | €1,390,359 | +€456,084 | +48.8% |
| Stocks | 30/36 | €934,275 | €1,390,359 | +€456,084 | +48.8% |
| Amounts receivable within one year | 40/41 | €94,873 | €64,604 | -€30,269 | -31.9% |
| Trade receivables | 40 | €32,955 | €121 | -€32,834 | -99.6% |
| Other amounts receivable | 41 | €61,918 | €64,483 | +€2,565 | +4.1% |
| Cash at bank and in hand | 54/58 | €5,145 | €40 | -€5,105 | -99.2% |
| Total equity and liabilities | 10/49 | €1,034,293 | €1,455,003 | +€420,710 | +40.7% |
| Equity | 10/15 | -€19,785 | -€51,391 | -€31,606 | -160% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,785 | -€52,391 | -€31,606 | -152% |
| Amounts payable | 17/49 | €1,054,079 | €1,506,394 | +€452,316 | +42.9% |
| Amounts payable within one year | 42/48 | €1,054,079 | €1,506,394 | +€452,316 | +42.9% |
| Financial debts | 43 | €272,541 | €723,657 | +€451,116 | +166% |
| Credit institutions | 430/8 | €272,541 | €623,657 | +€351,116 | +129% |
| Other loans | 439 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €1,537 | €2,037 | +€500 | +32.5% |
| Suppliers | 440/4 | €1,537 | €2,037 | +€500 | +32.5% |
| Other amounts payable | 47/48 | €780,000 | €780,700 | +€700 | +0.1% |
| Other operating charges | 640/8 | €1,692 | €423 | -€1,269 | -75.0% |
| Gross operating margin | 9900 | -€6,304 | -€3,479 | +€2,826 | +44.8% |
| Operating profit (loss) | 9901 | -€7,996 | -€3,902 | +€4,094 | +51.2% |
| Financial charges | 65/66B | €12,789 | €27,704 | +€14,915 | +117% |
| Recurring financial charges | 65 | €12,789 | €27,704 | +€14,915 | +117% |
| Profit (loss) for the period before taxes | 9903 | -€20,785 | -€31,606 | -€10,820 | -52.1% |
| Profit (loss) for the period | 9904 | -€20,785 | -€31,606 | -€10,820 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,785 | -€31,606 | -€10,820 | -52.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.