Phoenix Engineering: 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 Engineering
Largest movements
- Tangible fixed assets -€24,778
down €24,778 (-5.1%), from €487,698 to €462,919
of which Land and buildings: -€24,778
- Cash -€13,224
down €13,224 (-55.1%), from €23,993 to €10,769
mainly Trade debts (-€32,303) and Debts after one year (-€13,702)
- Receivables within one year -€13,223
down €13,223 (-55.9%), from €23,664 to €10,440
of which Trade receivables: -€13,425
- Trade debts -€32,303
down €32,303 (-14.1%), from €229,806 to €197,503
- Debts after one year -€13,702
down €13,702 (-5.8%), from €238,157 to €224,455
- Tax, wage and social debts -€6,665
down €6,665 (-51.9%), from €12,832 to €6,167
of which Taxes: -€4,497
- Gross operating margin -€8,185
down €8,185 (-9.4%), from €86,843 to €78,659
- Financial charges +€3,681
up €3,681 (+102.4%), from €3,595 to €7,276
- Staff costs -€1,187
down €1,187 (-2.8%), from €42,815 to €41,628
- Taxes -€934
down €934 (-66.5%), from €1,404 to €470
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 | €538,774 | €487,256 | -€51,519 | -9.6% |
| Fixed assets | 21/28 | €487,698 | €462,919 | -€24,778 | -5.1% |
| Tangible fixed assets | 22/27 | €487,698 | €462,919 | -€24,778 | -5.1% |
| Land and buildings | 22 | €487,698 | €462,919 | -€24,778 | -5.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €51,077 | €24,336 | -€26,740 | -52.4% |
| Amounts receivable within one year | 40/41 | €23,664 | €10,440 | -€13,223 | -55.9% |
| Trade receivables | 40 | €22,068 | €8,643 | -€13,425 | -60.8% |
| Other amounts receivable | 41 | €1,596 | €1,797 | +€201 | +12.6% |
| Cash at bank and in hand | 54/58 | €23,993 | €10,769 | -€13,224 | -55.1% |
| Deferred charges and accrued income | 490/1 | €3,420 | €3,127 | -€293 | -8.6% |
| Total equity and liabilities | 10/49 | €538,774 | €487,256 | -€51,519 | -9.6% |
| Equity | 10/15 | €39,343 | €40,240 | +€898 | +2.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €9,343 | €10,240 | +€898 | +9.6% |
| Distributable reserves | 133 | €9,343 | €10,240 | +€898 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €499,431 | €447,015 | -€52,416 | -10.5% |
| Amounts payable after more than one year | 17 | €238,157 | €224,455 | -€13,702 | -5.8% |
| Financial debts | 170/4 | €238,157 | €224,455 | -€13,702 | -5.8% |
| Amounts payable within one year | 42/48 | €261,275 | €222,561 | -€38,714 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €17,627 | €17,902 | +€275 | +1.6% |
| Financial debts | 43 | €31 | €0 | -€31 | -100.0% |
| Credit institutions | 430/8 | €31 | €0 | -€31 | -100.0% |
| Trade debts | 44 | €229,806 | €197,503 | -€32,303 | -14.1% |
| Suppliers | 440/4 | €229,806 | €197,503 | -€32,303 | -14.1% |
| Taxes, remuneration and social security | 45 | €12,832 | €6,167 | -€6,665 | -51.9% |
| Taxes | 450/3 | €4,967 | €470 | -€4,497 | -90.5% |
| Remuneration and social security | 454/9 | €7,865 | €5,697 | -€2,168 | -27.6% |
| Other amounts payable | 47/48 | €978 | €988 | +€10 | +1.0% |
| Remuneration, social security and pensions | 62 | €42,815 | €41,628 | -€1,187 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,900 | €26,250 | -€651 | -2.4% |
| Other operating charges | 640/8 | €2,074 | €2,137 | +€63 | +3.1% |
| Gross operating margin | 9900 | €86,843 | €78,659 | -€8,185 | -9.4% |
| Operating profit (loss) | 9901 | €15,054 | €8,644 | -€6,410 | -42.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200.0% |
| Financial charges | 65/66B | €3,595 | €7,276 | +€3,681 | +102.4% |
| Recurring financial charges | 65 | €3,595 | €7,276 | +€3,681 | +102.4% |
| Profit (loss) for the period before taxes | 9903 | €11,459 | €1,368 | -€10,091 | -88.1% |
| Income taxes | 67/77 | €1,404 | €470 | -€934 | -66.5% |
| Profit (loss) for the period | 9904 | €10,055 | €898 | -€9,157 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,055 | €898 | -€9,157 | -91.1% |
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 7 October 2026 via checked.be.