Phoenix Mecano: what changed
What changed
Phoenix Mecano
NACE 26.400, Manufacture of computer, electronic and optical products
filed annual accounts (NBB)
Net result for the year
€565,059
2024 · €382,873+€182,186
Equity
€1.1m
2024 · €769,016+€315,059
Cash
€582,841
2024 · €380,938+€201,904
Balance sheet total
€1.9m
2024 · €2.0m-€115,973
Largest movements
Assets
- Cash +€201,904
up €201,904 (+53.0%), from €380,938 to €582,841
mainly Net result for the year (+€565,059) and Receivables within one year (+€198,942)
- Receivables within one year -€198,942
down €198,942 (-23.7%), from €840,439 to €641,497
of which Trade receivables: -€189,356
- Tangible fixed assets -€91,039
down €91,039 (-16.7%), from €546,533 to €455,494
- Stocks and contracts -€35,771
down €35,771 (-16.4%), from €218,095 to €182,324
Equity and liabilities
- Debts after one year -€400,000
down €400,000 (-100%), from €400,000 to €0
- Profit (loss) carried forward +€315,059
up €315,059 (+52.5%), from €600,230 to €915,290
- Trade debts -€33,525
down €33,525 (-6.1%), from €547,071 to €513,545
Income statement
- Purchases and services -€369,554
down €369,554 (-9.2%), from €4.0m to €3.7m
- Turnover -€225,773
down €225,773 (-3.7%), from €6.1m to €5.8m
- Gross operating margin +€139,935
up €139,935 (+6.8%), from €2.1m to €2.2m
- Staff costs -€86,642
down €86,642 (-6.2%), from €1.4m to €1.3m
- Taxes +€61,023
up €61,023 (+42.3%), from €144,148 to €205,171
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.
Result 2024
€382,873
Gross operating margin
+€139,935
Staff costs
+€86,642
Depreciation
+€9,457
Write-downs
+€4,603
Other operating charges
-€2,853
Financial income
+€4,692
Financial charges
+€733
Taxes
-€61,023
Result 2025
€565,059
raises the resultlowers the result
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.
From operations
+€873,275
Investment
-€21,372
Financing
-€650,000
Cash 2024
€380,938
From operations (derived)
+€873,275
Net result for the year
+€565,059
Depreciation
+€112,411
Stocks and contracts
+€35,771
Receivables within one year
+€198,942
Deferred charges and accrued income
-€7,875
Trade debts
-€33,525
Tax, wage and social debts
+€2,493
Investment (derived)
-€21,372
Investment in fixed assets (net)
-€21,372
Financing
-€650,000
Debts after one year
-€400,000
Contributions, distributions and other
-€250,000
Cash 2025
€582,841
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,998,632 | €1,882,660 | -€115,973 | -5.8% |
| Fixed assets | 21/28 | €546,758 | €455,719 | -€91,039 | -16.7% |
| Tangible fixed assets | 22/27 | €546,533 | €455,494 | -€91,039 | -16.7% |
| Land and buildings | 22 | €286,848 | €249,657 | -€37,191 | -13.0% |
| Plant, machinery and equipment | 23 | €170,694 | €141,890 | -€28,805 | -16.9% |
| Furniture and vehicles | 24 | €88,990 | €63,947 | -€25,043 | -28.1% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €1,451,875 | €1,426,941 | -€24,934 | -1.7% |
| Stocks and contracts in progress | 3 | €218,095 | €182,324 | -€35,771 | -16.4% |
| Stocks | 30/36 | €218,095 | €182,324 | -€35,771 | -16.4% |
| Amounts receivable within one year | 40/41 | €840,439 | €641,497 | -€198,942 | -23.7% |
| Trade receivables | 40 | €787,808 | €598,452 | -€189,356 | -24.0% |
| Other amounts receivable | 41 | €52,631 | €43,045 | -€9,586 | -18.2% |
| Cash at bank and in hand | 54/58 | €380,938 | €582,841 | +€201,904 | +53.0% |
| Deferred charges and accrued income | 490/1 | €12,404 | €20,279 | +€7,875 | +63.5% |
| Total equity and liabilities | 10/49 | €1,998,632 | €1,882,660 | -€115,973 | -5.8% |
| Equity | 10/15 | €769,016 | €1,084,075 | +€315,059 | +41.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €68,786 | €68,786 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €58,786 | €58,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | €600,230 | €915,290 | +€315,059 | +52.5% |
| Amounts payable | 17/49 | €1,229,616 | €798,584 | -€431,032 | -35.1% |
| Amounts payable after more than one year | 17 | €400,000 | €0 | -€400,000 | -100% |
| Financial debts | 170/4 | €400,000 | €0 | -€400,000 | -100% |
| Amounts payable within one year | 42/48 | €829,616 | €798,584 | -€31,032 | -3.7% |
| Trade debts | 44 | €547,071 | €513,545 | -€33,525 | -6.1% |
| Suppliers | 440/4 | €547,071 | €513,545 | -€33,525 | -6.1% |
| Taxes, remuneration and social security | 45 | €282,546 | €285,039 | +€2,493 | +0.9% |
| Taxes | 450/3 | €44,174 | €64,405 | +€20,231 | +45.8% |
| Remuneration and social security | 454/9 | €238,372 | €220,634 | -€17,737 | -7.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €6,074,179 | €5,848,407 | -€225,773 | -3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,037,755 | €3,668,200 | -€369,554 | -9.2% |
| Remuneration, social security and pensions | 62 | €1,400,909 | €1,314,267 | -€86,642 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,868 | €112,411 | -€9,457 | -7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,399 | -€1,204 | -€4,603 | |
| Other operating charges | 640/8 | €10,833 | €13,687 | +€2,853 | +26.3% |
| Gross operating margin | 9900 | €2,067,356 | €2,207,292 | +€139,935 | +6.8% |
| Operating profit (loss) | 9901 | €530,347 | €768,131 | +€237,785 | +44.8% |
| Financial income | 75/76B | €11,191 | €15,883 | +€4,692 | +41.9% |
| Recurring financial income | 75 | €11,191 | €15,883 | +€4,692 | +41.9% |
| Financial charges | 65/66B | €14,517 | €13,784 | -€733 | -5.0% |
| Recurring financial charges | 65 | €14,517 | €13,784 | -€733 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €527,021 | €770,230 | +€243,209 | +46.1% |
| Income taxes | 67/77 | €144,148 | €205,171 | +€61,023 | +42.3% |
| Profit (loss) for the period | 9904 | €382,873 | €565,059 | +€182,186 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €382,873 | €565,059 | +€182,186 | +47.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.