Phoenix FS: what changed
Phoenix FS
Largest movements
- Cash +€21,756
up €21,756 (+25.3%), from €85,907 to €107,663
mainly Net result for the year (+€71,635) and Receivables within one year (+€18,915)
- Receivables within one year -€18,915
down €18,915 (-60.5%), from €31,266 to €12,352
of which Trade receivables: -€22,476
- Tangible fixed assets -€3,757
down €3,757 (-60.2%), from €6,243 to €2,486
of which Furniture and vehicles: -€3,481
- Reserves +€34,605
up €34,605 (+92.9%), from €37,253 to €71,858
of which Distributable reserves: +€34,605
- Other debts -€20,669
down €20,669 (-56.9%), from €36,318 to €15,649
- Tax, wage and social debts -€14,191
down €14,191 (-48.1%), from €29,491 to €15,300
of which Taxes: -€11,084
- Gross operating margin +€34,181
up €34,181 (+30.9%), from €110,572 to €144,753
- Taxes +€8,638
up €8,638 (+71.8%), from €12,024 to €20,662
- Staff costs -€8,632
down €8,632 (-15.9%), from €54,159 to €45,527
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,773 | €124,218 | -€555 | -0.4% |
| Fixed assets | 21/28 | €6,243 | €2,486 | -€3,757 | -60.2% |
| Tangible fixed assets | 22/27 | €6,243 | €2,486 | -€3,757 | -60.2% |
| Plant, machinery and equipment | 23 | €744 | €467 | -€276 | -37.2% |
| Furniture and vehicles | 24 | €5,500 | €2,019 | -€3,481 | -63.3% |
| Current assets | 29/58 | €118,530 | €121,732 | +€3,202 | +2.7% |
| Amounts receivable within one year | 40/41 | €31,266 | €12,352 | -€18,915 | -60.5% |
| Trade receivables | 40 | €28,290 | €5,814 | -€22,476 | -79.4% |
| Other amounts receivable | 41 | €2,976 | €6,538 | +€3,562 | +120% |
| Cash at bank and in hand | 54/58 | €85,907 | €107,663 | +€21,756 | +25.3% |
| Deferred charges and accrued income | 490/1 | €1,356 | €1,717 | +€361 | +26.6% |
| Total equity and liabilities | 10/49 | €124,773 | €124,218 | -€555 | -0.4% |
| Equity | 10/15 | €55,803 | €90,408 | +€34,605 | +62.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €37,253 | €71,858 | +€34,605 | +92.9% |
| Tax-exempt reserves | 132 | €224 | €224 | = | 0.0% |
| Distributable reserves | 133 | €37,029 | €71,635 | +€34,605 | +93.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,970 | €33,810 | -€35,161 | -51.0% |
| Amounts payable within one year | 42/48 | €68,970 | €33,810 | -€35,161 | -51.0% |
| Trade debts | 44 | €3,161 | €2,861 | -€300 | -9.5% |
| Suppliers | 440/4 | €3,161 | €2,861 | -€300 | -9.5% |
| Taxes, remuneration and social security | 45 | €29,491 | €15,300 | -€14,191 | -48.1% |
| Taxes | 450/3 | €16,290 | €5,206 | -€11,084 | -68.0% |
| Remuneration and social security | 454/9 | €13,201 | €10,094 | -€3,107 | -23.5% |
| Other amounts payable | 47/48 | €36,318 | €15,649 | -€20,669 | -56.9% |
| Remuneration, social security and pensions | 62 | €54,159 | €45,527 | -€8,632 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,724 | €3,757 | +€33 | +0.9% |
| Other operating charges | 640/8 | €1,088 | €1,127 | +€39 | +3.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €110,572 | €144,753 | +€34,181 | +30.9% |
| Operating profit (loss) | 9901 | €51,601 | €94,342 | +€42,741 | +82.8% |
| Financial income | 75/76B | €312 | €34 | -€278 | -89.1% |
| Recurring financial income | 75 | €312 | €34 | -€278 | -89.1% |
| Financial charges | 65/66B | €2,860 | €2,079 | -€781 | -27.3% |
| Recurring financial charges | 65 | €2,860 | €2,079 | -€781 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €49,053 | €92,297 | +€43,244 | +88.2% |
| Income taxes | 67/77 | €12,024 | €20,662 | +€8,638 | +71.8% |
| Profit (loss) for the period | 9904 | €37,029 | €71,635 | +€34,605 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,029 | €71,635 | +€34,605 | +93.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.