PHOENIX EAGLE GROUP: 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.
What changed
PHOENIX EAGLE GROUP
NACE 46.170, Agents in the wholesale of food, beverages and tobacco
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€321,087
2024 · €16,156+€304,931
Equity
€5.3m
2024 · €5.0m+€321,087
Cash
€1.6m
2024 · €624,514+€950,861
Balance sheet total
€9.8m
2024 · €12.2m-€2.4m
Largest movements
Assets
- Receivables after one year -€6.4m
down €6.4m (-86.9%), from €7.4m to €965,732
- Receivables within one year +€2.5m
up €2.5m (+59.5%), from €4.2m to €6.7m
of which Trade receivables: +€2.5m
- Cash +€950,861
up €950,861 (+152.3%), from €624,514 to €1.6m
mainly Receivables after one year (+€6.4m) and Net result for the year (+€321,087)
- Deferred charges and accrued income +€559,526
up €559,526 (+3171.1%), from €17,645 to €577,171
Equity and liabilities
- Trade debts -€1.7m
down €1.7m (-35.1%), from €4.8m to €3.1m
- Short-term financial debts -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Profit (loss) carried forward +€321,087
up €321,087 (+6.5%), from €4.9m to €5.2m
Income statement
- Turnover -€9.4m
down €9.4m (-20.7%), from €45.5m to €36.1m
- Goods and materials -€8.9m
down €8.9m (-21.1%), from €42.4m to €33.5m
- Financial charges +€1.9m
up €1.9m (+88.4%), from €2.1m to €4.0m
- Financial income +€1.8m
up €1.8m (+239.7%), from €753,443 to €2.6m
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.
Result 2024
€16,156
Turnover
-€9.4m
Other operating income
-€25,194
Goods and materials
+€8.9m
Services and other goods
-€192,898
Staff costs
+€35,193
Depreciation
+€116,267
Other operating charges
+€1,733
Other operating items
+€1.0m
Financial income
+€1.8m
Financial charges
-€1.9m
Taxes
-€116,396
Result 2025
€321,087
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.
From operations
+€2.0m
Investment
+€4,455
Financing
-€1.1m
Cash 2024
€624,514
From operations (derived)
+€2.0m
Net result for the year
+€321,087
Depreciation
+€11,510
Receivables after one year
+€6.4m
Receivables within one year
-€2.5m
Deferred charges and accrued income
-€559,526
Trade debts
-€1.7m
Tax, wage and social debts
+€118,644
Other debts
-€120,702
Accrued charges and deferred income
+€20,875
Investment (derived)
+€4,455
Investment in fixed assets (net)
+€4,455
Financing
-€1.1m
Current portion of long-term debt
-€54,074
Short-term financial debts
-€1.0m
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,245,040 | €9,818,721 | -€2.4m | -19.8% |
| Fixed assets | 21/28 | €57,990 | €42,025 | -€15,965 | -27.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €57,990 | €42,025 | -€15,965 | -27.5% |
| Plant, machinery and equipment | 23 | €4,571 | €3,228 | -€1,343 | -29.4% |
| Furniture and vehicles | 24 | €51,450 | €37,102 | -€14,349 | -27.9% |
| Other tangible fixed assets | 26 | €1,968 | €1,695 | -€273 | -13.9% |
| Current assets | 29/58 | €12,187,050 | €9,776,696 | -€2.4m | -19.8% |
| Amounts receivable after more than one year | 29 | €7,369,844 | €965,732 | -€6.4m | -86.9% |
| Trade receivables | 290 | €7,369,844 | €965,732 | -€6.4m | -86.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,175,047 | €6,658,418 | +€2.5m | +59.5% |
| Trade receivables | 40 | €4,162,296 | €6,635,231 | +€2.5m | +59.4% |
| Other amounts receivable | 41 | €12,751 | €23,187 | +€10,436 | +81.8% |
| Cash at bank and in hand | 54/58 | €624,514 | €1,575,375 | +€950,861 | +152.3% |
| Deferred charges and accrued income | 490/1 | €17,645 | €577,171 | +€559,526 | +3171.1% |
| Total equity and liabilities | 10/49 | €12,245,040 | €9,818,721 | -€2.4m | -19.8% |
| Equity | 10/15 | €4,978,572 | €5,299,659 | +€321,087 | +6.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €4,910,372 | €5,231,459 | +€321,087 | +6.5% |
| Amounts payable | 17/49 | €7,266,468 | €4,519,062 | -€2.7m | -37.8% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Financial debts | 170/4 | €350,000 | €350,000 | = | 0.0% |
| Other loans | 174 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,816,187 | €4,047,906 | -€2.8m | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €466,840 | €412,766 | -€54,074 | -11.6% |
| Financial debts | 43 | €1,021,463 | €0 | -€1.0m | -100.0% |
| Credit institutions | 430/8 | €1,021,463 | €0 | -€1.0m | -100.0% |
| Trade debts | 44 | €4,818,560 | €3,127,875 | -€1.7m | -35.1% |
| Suppliers | 440/4 | €4,818,560 | €3,127,875 | -€1.7m | -35.1% |
| Taxes, remuneration and social security | 45 | €9,324 | €127,967 | +€118,644 | +1272.5% |
| Taxes | 450/3 | €3,257 | €122,911 | +€119,653 | +3673.4% |
| Remuneration and social security | 454/9 | €6,066 | €5,057 | -€1,010 | -16.6% |
| Other amounts payable | 47/48 | €500,000 | €379,298 | -€120,702 | -24.1% |
| Accrued charges and deferred income | 492/3 | €100,281 | €121,156 | +€20,875 | +20.8% |
| Operating income | 70/76A | €45,661,398 | €36,214,575 | -€9.4m | -20.7% |
| Turnover | 70 | €45,534,688 | €36,113,059 | -€9.4m | -20.7% |
| Other operating income | 74 | €126,710 | €101,516 | -€25,194 | -19.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €44,288,219 | €34,363,034 | -€9.9m | -22.4% |
| Goods for resale, raw materials and consumables | 60 | €42,405,372 | €33,458,188 | -€8.9m | -21.1% |
| Purchases | 600/8 | €42,405,372 | €33,458,188 | -€8.9m | -21.1% |
| Services and other goods | 61 | €615,389 | €808,287 | +€192,898 | +31.3% |
| Remuneration, social security and pensions | 62 | €119,640 | €84,447 | -€35,193 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,777 | €11,510 | -€116,267 | -91.0% |
| Other operating charges | 640/8 | €2,334 | €601 | -€1,733 | -74.2% |
| Non-recurring operating charges | 66A | €1,017,706 | €0 | -€1.0m | -100.0% |
| Operating profit (loss) | 9901 | €1,373,180 | €1,851,542 | +€478,362 | +34.8% |
| Financial income | 75/76B | €753,443 | €2,559,076 | +€1.8m | +239.7% |
| Recurring financial income | 75 | €753,443 | €2,559,076 | +€1.8m | +239.7% |
| Income from current assets | 751 | €124,177 | €155,188 | +€31,011 | +25.0% |
| Other financial income | 752/9 | €629,267 | €2,403,888 | +€1.8m | +282.0% |
| Financial charges | 65/66B | €2,107,210 | €3,969,877 | +€1.9m | +88.4% |
| Recurring financial charges | 65 | €2,107,210 | €3,969,877 | +€1.9m | +88.4% |
| Debt charges | 650 | €399,113 | €520,209 | +€121,096 | +30.3% |
| Other financial charges | 652/9 | €1,708,096 | €3,449,667 | +€1.7m | +102.0% |
| Profit (loss) for the period before taxes | 9903 | €19,413 | €440,741 | +€421,327 | +2170.3% |
| Income taxes | 67/77 | €3,257 | €119,653 | +€116,396 | +3573.4% |
| Taxes | 670/3 | €3,257 | €119,653 | +€116,396 | +3573.4% |
| Profit (loss) for the period | 9904 | €16,156 | €321,087 | +€304,931 | +1887.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,156 | €321,087 | +€304,931 | +1887.4% |
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 3 October 2026 via checked.be.