Phoenix JMT: what changed
Two financial 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 JMT
Largest movements
- Receivables within one year -€12,926
down €12,926 (-16.2%), from €79,777 to €66,851
of which Trade receivables: -€7,273
- Tangible fixed assets -€4,462
down €4,462 (-43.7%), from €10,203 to €5,740
- Reserves +€32,381
up €32,381 (+30.0%), from €108,021 to €140,402
of which Distributable reserves: +€34,241
- Trade debts -€27,332
down €27,332 (-73.6%), from €37,145 to €9,813
- Tax, wage and social debts -€23,133
down €23,133 (-30.4%), from €75,975 to €52,842
of which Taxes: -€22,446
- Gross operating margin +€27,896
up €27,896 (+35.4%), from €78,719 to €106,615
- Taxes +€8,812
up €8,812 (+120.7%), from €7,299 to €16,112
- Staff costs -€3,870
down €3,870 (-7.6%), from €50,929 to €47,059
- Financial charges +€2,212
up €2,212 (+57.3%), from €3,863 to €6,075
- Depreciation +€1,148
up €1,148 (+34.6%), from €3,314 to €4,462
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 | €298,555 | €280,900 | -€17,655 | -5.9% |
| Fixed assets | 21/28 | €13,503 | €9,040 | -€4,462 | -33.0% |
| Tangible fixed assets | 22/27 | €10,203 | €5,740 | -€4,462 | -43.7% |
| Furniture and vehicles | 24 | €10,203 | €5,740 | -€4,462 | -43.7% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €285,052 | €271,860 | -€13,192 | -4.6% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Other amounts receivable | 291 | €170,000 | €170,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €29,872 | €29,635 | -€237 | -0.8% |
| Stocks | 30/36 | €29,872 | €29,635 | -€237 | -0.8% |
| Amounts receivable within one year | 40/41 | €79,777 | €66,851 | -€12,926 | -16.2% |
| Trade receivables | 40 | €19,458 | €12,185 | -€7,273 | -37.4% |
| Other amounts receivable | 41 | €60,319 | €54,667 | -€5,653 | -9.4% |
| Cash at bank and in hand | 54/58 | €2,929 | €1,353 | -€1,576 | -53.8% |
| Deferred charges and accrued income | 490/1 | €2,474 | €4,021 | +€1,547 | +62.5% |
| Total equity and liabilities | 10/49 | €298,555 | €280,900 | -€17,655 | -5.9% |
| Equity | 10/15 | €168,670 | €201,051 | +€32,381 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,021 | €140,402 | +€32,381 | +30.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €106,161 | €140,402 | +€34,241 | +32.3% |
| Profit (loss) carried forward | 14 | €42,049 | €42,049 | = | 0.0% |
| Amounts payable | 17/49 | €129,885 | €79,849 | -€50,036 | -38.5% |
| Amounts payable within one year | 42/48 | €113,119 | €62,709 | -€50,411 | -44.6% |
| Trade debts | 44 | €37,145 | €9,813 | -€27,332 | -73.6% |
| Suppliers | 440/4 | €37,145 | €9,813 | -€27,332 | -73.6% |
| Advances received on contracts in progress | 46 | - | €54 | +€54 | |
| Taxes, remuneration and social security | 45 | €75,975 | €52,842 | -€23,133 | -30.4% |
| Taxes | 450/3 | €68,196 | €45,750 | -€22,446 | -32.9% |
| Remuneration and social security | 454/9 | €7,779 | €7,092 | -€687 | -8.8% |
| Accrued charges and deferred income | 492/3 | €16,766 | €17,140 | +€375 | +2.2% |
| Remuneration, social security and pensions | 62 | €50,929 | €47,059 | -€3,870 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,314 | €4,462 | +€1,148 | +34.6% |
| Other operating charges | 640/8 | €8,541 | €7,679 | -€862 | -10.1% |
| Non-recurring operating charges | 66A | €2,193 | - | -€2,193 | |
| Gross operating margin | 9900 | €78,719 | €106,615 | +€27,896 | +35.4% |
| Operating profit (loss) | 9901 | €13,741 | €47,414 | +€33,673 | +245.0% |
| Financial income | 75/76B | €7,425 | €7,154 | -€272 | -3.7% |
| Recurring financial income | 75 | €7,425 | €7,154 | -€272 | -3.7% |
| Financial charges | 65/66B | €3,863 | €6,075 | +€2,212 | +57.3% |
| Recurring financial charges | 65 | €3,863 | €6,075 | +€2,212 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €17,304 | €48,493 | +€31,189 | +180.2% |
| Income taxes | 67/77 | €7,299 | €16,112 | +€8,812 | +120.7% |
| Profit (loss) for the period | 9904 | €10,004 | €32,381 | +€22,377 | +223.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,004 | €32,381 | +€22,377 | +223.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.