PhoeniX MetalWorX: what changed
What changed
PhoeniX MetalWorX
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€3,871
2024 · €60,056-€56,185
Equity
€358,524
2024 · €354,653+€3,871
Cash
€85,581
2024 · €274,206-€188,625
Balance sheet total
€830,301
2024 · €717,389+€112,912
Largest movements
Assets
- Current investments +€200,000
new in 2025: €200,000
- Cash -€188,625
down €188,625 (-68.8%), from €274,206 to €85,581
mainly Current investments (-€200,000) and Investment in fixed assets (net) (-€80,514)
- Receivables within one year +€77,364
up €77,364 (+58.2%), from €132,919 to €210,283
of which Trade receivables: +€45,940
- Tangible fixed assets +€23,672
up €23,672 (+9.7%), from €243,145 to €266,817
of which Furniture and vehicles: +€33,889
Equity and liabilities
- Trade debts +€82,886
up €82,886 (+213%), from €38,933 to €121,819
- Current portion of long-term debt +€17,995
up €17,995 (+52.8%), from €34,062 to €52,057
Income statement
- Gross operating margin -€85,050
down €85,050 (-22.9%), from €370,850 to €285,800
- Staff costs -€32,683
down €32,683 (-13.3%), from €245,013 to €212,330
- Taxes -€20,752
down €20,752 (-100%), from €20,752 to €0
- Depreciation +€17,921
up €17,921 (+53.4%), from €33,546 to €51,467
- Other operating charges +€4,806
up €4,806 (+84.2%), from €5,707 to €10,513
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
€60,056
Gross operating margin
-€85,050
Staff costs
+€32,683
Depreciation
-€17,921
Other operating charges
-€4,806
Financial income
-€1,218
Financial charges
-€626
Taxes
+€20,752
Result 2025
€3,871
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
+€69,289
Investment
-€280,514
Financing
+€22,600
Cash 2024
€274,206
From operations (derived)
+€69,289
Net result for the year
+€3,871
Depreciation
+€51,467
Stocks and contracts
-€2,538
Receivables within one year
-€77,364
Deferred charges and accrued income
+€7,412
Trade debts
+€82,886
Tax, wage and social debts
+€3,555
Investment (derived)
-€280,514
Investment in fixed assets (net)
-€80,514
Current investments
-€200,000
Financing
+€22,600
Debts after one year
+€4,710
Current portion of long-term debt
+€17,995
Short-term financial debts
-€105
Cash 2025
€85,581
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €717,389 | €830,301 | +€112,912 | +15.7% |
| Fixed assets | 21/28 | €264,857 | €293,905 | +€29,047 | +11.0% |
| Intangible fixed assets | 21 | €596 | €0 | -€596 | -100% |
| Tangible fixed assets | 22/27 | €243,145 | €266,817 | +€23,672 | +9.7% |
| Land and buildings | 22 | €186,230 | €176,156 | -€10,074 | -5.4% |
| Plant, machinery and equipment | 23 | €143 | €0 | -€143 | -100% |
| Furniture and vehicles | 24 | €56,772 | €90,661 | +€33,889 | +59.7% |
| Financial fixed assets | 28 | €21,117 | €27,088 | +€5,971 | +28.3% |
| Current assets | 29/58 | €452,532 | €536,397 | +€83,865 | +18.5% |
| Stocks and contracts in progress | 3 | €14,622 | €17,160 | +€2,538 | +17.4% |
| Stocks | 30/36 | €10,276 | €13,885 | +€3,609 | +35.1% |
| Contracts in progress | 37 | €4,346 | €3,275 | -€1,071 | -24.6% |
| Amounts receivable within one year | 40/41 | €132,919 | €210,283 | +€77,364 | +58.2% |
| Trade receivables | 40 | €117,131 | €163,070 | +€45,940 | +39.2% |
| Other amounts receivable | 41 | €15,788 | €47,213 | +€31,425 | +199% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €274,206 | €85,581 | -€188,625 | -68.8% |
| Deferred charges and accrued income | 490/1 | €30,784 | €23,373 | -€7,412 | -24.1% |
| Total equity and liabilities | 10/49 | €717,389 | €830,301 | +€112,912 | +15.7% |
| Equity | 10/15 | €354,653 | €358,524 | +€3,871 | +1.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €36,404 | €36,404 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,404 | €31,404 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,249 | €272,120 | +€3,871 | +1.4% |
| Provisions and deferred taxes | 16 | €13,500 | €13,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €13,500 | €13,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €13,500 | €13,500 | = | 0.0% |
| Amounts payable | 17/49 | €349,236 | €458,277 | +€109,041 | +31.2% |
| Amounts payable after more than one year | 17 | €247,154 | €251,864 | +€4,710 | +1.9% |
| Financial debts | 170/4 | €247,154 | €251,864 | +€4,710 | +1.9% |
| Amounts payable within one year | 42/48 | €102,082 | €206,414 | +€104,331 | +102% |
| Current portion of amounts payable after more than one year | 42 | €34,062 | €52,057 | +€17,995 | +52.8% |
| Financial debts | 43 | €2,000 | €1,895 | -€105 | -5.3% |
| Credit institutions | 430/8 | €2,000 | €1,895 | -€105 | -5.3% |
| Trade debts | 44 | €38,933 | €121,819 | +€82,886 | +213% |
| Suppliers | 440/4 | €38,933 | €121,819 | +€82,886 | +213% |
| Taxes, remuneration and social security | 45 | €27,088 | €30,644 | +€3,555 | +13.1% |
| Taxes | 450/3 | €8,923 | €8,524 | -€400 | -4.5% |
| Remuneration and social security | 454/9 | €18,165 | €22,120 | +€3,955 | +21.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €16,500 | +€16,500 | |
| Remuneration, social security and pensions | 62 | €245,013 | €212,330 | -€32,683 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,546 | €51,467 | +€17,921 | +53.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €5,707 | €10,513 | +€4,806 | +84.2% |
| Gross operating margin | 9900 | €370,850 | €285,800 | -€85,050 | -22.9% |
| Operating profit (loss) | 9901 | €86,584 | €11,491 | -€75,093 | -86.7% |
| Financial income | 75/76B | €1,815 | €597 | -€1,218 | -67.1% |
| Recurring financial income | 75 | €1,815 | €597 | -€1,218 | -67.1% |
| Financial charges | 65/66B | €7,591 | €8,217 | +€626 | +8.2% |
| Recurring financial charges | 65 | €7,591 | €8,217 | +€626 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €80,808 | €3,871 | -€76,937 | -95.2% |
| Income taxes | 67/77 | €20,752 | €0 | -€20,752 | -100% |
| Profit (loss) for the period | 9904 | €60,056 | €3,871 | -€56,185 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,056 | €3,871 | -€56,185 | -93.6% |
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 2 November 2026 via checked.be.