PHOENIX ENGINEERING & MANAGEMENT: 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 & MANAGEMENT
Largest movements
- Cash -€92,294
down €92,294 (-80.0%), from €115,341 to €23,048
mainly Other debts (-€102,708) and Current investments (-€75,000)
- Current investments +€75,000
new in 2025: €75,000
- Receivables within one year +€64,806
up €64,806 (+11651.7%), from €556 to €65,362
of which Trade receivables: +€65,362
- Other debts -€102,708
down €102,708 (-52.0%), from €197,549 to €94,841
- Debts after one year +€100,000
new in 2025: €100,000
- Reserves +€81,448
up €81,448 (+68.8%), from €118,384 to €199,832
- Profit (loss) carried forward -€30,000
down €30,000 (-6.6%), from €457,335 to €427,335
- Staff costs +€40,094
up €40,094 (+73.7%), from €54,439 to €94,533
- Taxes -€10,143
down €10,143 (-23.5%), from €43,150 to €33,007
- Gross operating margin +€6,531
up €6,531 (+3.0%), from €216,367 to €222,899
- Financial charges -€2,360
down €2,360 (-15.9%), from €14,862 to €12,502
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 | €925,267 | €973,354 | +€48,086 | +5.2% |
| Fixed assets | 21/28 | €809,370 | €809,370 | = | 0.0% |
| Financial fixed assets | 28 | €809,370 | €809,370 | = | 0.0% |
| Current assets | 29/58 | €115,897 | €163,984 | +€48,086 | +41.5% |
| Amounts receivable within one year | 40/41 | €556 | €65,362 | +€64,806 | +11651.7% |
| Trade receivables | 40 | €0 | €65,362 | +€65,362 | |
| Other amounts receivable | 41 | €556 | €0 | -€556 | -100.0% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €115,341 | €23,048 | -€92,294 | -80.0% |
| Deferred charges and accrued income | 490/1 | €0 | €574 | +€574 | |
| Total equity and liabilities | 10/49 | €925,267 | €973,354 | +€48,086 | +5.2% |
| Equity | 10/15 | €656,719 | €708,167 | +€51,448 | +7.8% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Reserves | 13 | €118,384 | €199,832 | +€81,448 | +68.8% |
| Distributable reserves | 133 | €118,384 | €199,832 | +€81,448 | +68.8% |
| Profit (loss) carried forward | 14 | €457,335 | €427,335 | -€30,000 | -6.6% |
| Amounts payable | 17/49 | €268,548 | €265,187 | -€3,362 | -1.3% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €253,717 | €152,715 | -€101,002 | -39.8% |
| Trade debts | 44 | €259 | €0 | -€259 | -100.0% |
| Suppliers | 440/4 | €259 | €0 | -€259 | -100.0% |
| Taxes, remuneration and social security | 45 | €55,908 | €57,874 | +€1,966 | +3.5% |
| Taxes | 450/3 | €46,089 | €49,131 | +€3,042 | +6.6% |
| Remuneration and social security | 454/9 | €9,819 | €8,743 | -€1,076 | -11.0% |
| Other amounts payable | 47/48 | €197,549 | €94,841 | -€102,708 | -52.0% |
| Accrued charges and deferred income | 492/3 | €14,832 | €12,472 | -€2,360 | -15.9% |
| Remuneration, social security and pensions | 62 | €54,439 | €94,533 | +€40,094 | +73.7% |
| Other operating charges | 640/8 | €1,840 | €1,409 | -€430 | -23.4% |
| Gross operating margin | 9900 | €216,367 | €222,899 | +€6,531 | +3.0% |
| Operating profit (loss) | 9901 | €160,089 | €126,956 | -€33,133 | -20.7% |
| Financial charges | 65/66B | €14,862 | €12,502 | -€2,360 | -15.9% |
| Recurring financial charges | 65 | €14,862 | €12,502 | -€2,360 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €145,227 | €114,455 | -€30,773 | -21.2% |
| Income taxes | 67/77 | €43,150 | €33,007 | -€10,143 | -23.5% |
| Profit (loss) for the period | 9904 | €102,077 | €81,448 | -€20,630 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,077 | €81,448 | -€20,630 | -20.2% |
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.