Phoenix EDL: 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.
Phoenix EDL
Largest movements
- Cash +€24,814
up €24,814 (+126.3%), from €19,650 to €44,463
mainly Net result for the year (+€22,489) and Depreciation (+€11,504)
- Tangible fixed assets -€9,266
down €9,266 (-45.7%), from €20,260 to €10,994
of which Plant, machinery and equipment: -€4,846
- Stocks and contracts +€2,245
up €2,245 (+153.8%), from €1,459 to €3,704
- Intangible fixed assets -€2,238
down €2,238 (-35.5%), from €6,308 to €4,070
- Profit (loss) carried forward +€22,489
up €22,489 (+31.2%), from -€72,191 to -€49,702
- Other debts -€5,507
down €5,507 (-6.2%), from €88,309 to €82,802
- Current portion of long-term debt -€5,226
no longer reported in 2025 (was €5,226)
- Trade debts +€2,056
up €2,056 (+35.5%), from €5,792 to €7,848
- Tax, wage and social debts +€1,737
up €1,737 (+27.5%), from €6,328 to €8,065
of which Remuneration and social security: +€2,318
- Depreciation -€8,852
down €8,852 (-43.5%), from €20,355 to €11,504
- Staff costs +€4,520
up €4,520 (+10.0%), from €45,050 to €49,570
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 | €52,240 | €67,790 | +€15,549 | +29.8% |
| Fixed assets | 21/28 | €26,872 | €15,368 | -€11,504 | -42.8% |
| Intangible fixed assets | 21 | €6,308 | €4,070 | -€2,238 | -35.5% |
| Tangible fixed assets | 22/27 | €20,260 | €10,994 | -€9,266 | -45.7% |
| Plant, machinery and equipment | 23 | €12,133 | €7,287 | -€4,846 | -39.9% |
| Furniture and vehicles | 24 | €8,127 | €3,707 | -€4,420 | -54.4% |
| Financial fixed assets | 28 | €304 | €304 | = | 0.0% |
| Current assets | 29/58 | €25,369 | €52,422 | +€27,053 | +106.6% |
| Stocks and contracts in progress | 3 | €1,459 | €3,704 | +€2,245 | +153.8% |
| Stocks | 30/36 | €1,459 | €3,704 | +€2,245 | +153.8% |
| Amounts receivable within one year | 40/41 | €1,521 | €1,043 | -€478 | -31.4% |
| Trade receivables | 40 | €1,420 | €1,043 | -€377 | -26.6% |
| Other amounts receivable | 41 | €101 | - | -€101 | |
| Cash at bank and in hand | 54/58 | €19,650 | €44,463 | +€24,814 | +126.3% |
| Deferred charges and accrued income | 490/1 | €2,739 | €3,211 | +€473 | +17.3% |
| Total equity and liabilities | 10/49 | €52,240 | €67,790 | +€15,549 | +29.8% |
| Equity | 10/15 | -€53,415 | -€30,926 | +€22,489 | +42.1% |
| Contributions | 10/11 | €18,776 | €18,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,191 | -€49,702 | +€22,489 | +31.2% |
| Amounts payable | 17/49 | €105,656 | €98,716 | -€6,940 | -6.6% |
| Amounts payable within one year | 42/48 | €105,656 | €98,716 | -€6,940 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €5,226 | - | -€5,226 | |
| Trade debts | 44 | €5,792 | €7,848 | +€2,056 | +35.5% |
| Suppliers | 440/4 | €5,792 | €7,848 | +€2,056 | +35.5% |
| Taxes, remuneration and social security | 45 | €6,328 | €8,065 | +€1,737 | +27.5% |
| Taxes | 450/3 | €3,056 | €2,476 | -€581 | -19.0% |
| Remuneration and social security | 454/9 | €3,272 | €5,590 | +€2,318 | +70.9% |
| Other amounts payable | 47/48 | €88,309 | €82,802 | -€5,507 | -6.2% |
| Remuneration, social security and pensions | 62 | €45,050 | €49,570 | +€4,520 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,355 | €11,504 | -€8,852 | -43.5% |
| Other operating charges | 640/8 | €3,279 | €3,367 | +€88 | +2.7% |
| Gross operating margin | 9900 | €86,949 | €87,470 | +€521 | +0.6% |
| Operating profit (loss) | 9901 | €18,265 | €23,029 | +€4,764 | +26.1% |
| Financial income | 75/76B | €2 | €63 | +€61 | +2832.6% |
| Recurring financial income | 75 | €2 | €63 | +€61 | +2832.6% |
| Financial charges | 65/66B | €701 | €402 | -€299 | -42.7% |
| Recurring financial charges | 65 | €701 | €402 | -€299 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €17,566 | €22,690 | +€5,124 | +29.2% |
| Income taxes | 67/77 | €192 | €201 | +€9 | +4.8% |
| Profit (loss) for the period | 9904 | €17,375 | €22,489 | +€5,115 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,375 | €22,489 | +€5,115 | +29.4% |
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 4 October 2026 via checked.be.