Phoenix On Fire: 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 On Fire
Largest movements
- Tangible fixed assets +€68,632
new in 2025: €68,632
- Cash +€10,305
up €10,305 (+61.8%), from €16,670 to €26,974
mainly Debts after one year (+€60,459) and Current portion of long-term debt (+€16,284)
- Receivables within one year +€9,545
up €9,545 (+410.1%), from €2,327 to €11,872
of which Trade receivables: +€11,872
- Debts after one year +€60,459
new in 2025: €60,459
- Current portion of long-term debt +€16,284
new in 2025: €16,284
- Profit (loss) carried forward +€13,560
new in 2025: €13,560
- Tax, wage and social debts -€1,566
down €1,566 (-17.6%), from €8,922 to €7,356
of which Taxes: -€5,402
- Other debts -€1,359
down €1,359 (-54.4%), from €2,500 to €1,141
- Gross operating margin +€23,871
up €23,871 (+263.2%), from €9,069 to €32,940
- Depreciation +€12,112
up €12,112 (+2689.6%), from €450 to €12,562
- Financial charges +€1,962
up €1,962 (+1671.5%), from €117 to €2,079
- Taxes +€1,318
up €1,318 (+59.8%), from €2,202 to €3,520
- Staff costs +€1,210
new in 2025: €1,210
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 | €19,851 | €107,883 | +€88,032 | +443.5% |
| Formation expenses | 20 | €855 | €404 | -€450 | -52.7% |
| Fixed assets | 21/28 | - | €68,632 | +€68,632 | |
| Tangible fixed assets | 22/27 | - | €68,632 | +€68,632 | |
| Furniture and vehicles | 24 | - | €68,632 | +€68,632 | |
| Current assets | 29/58 | €18,997 | €38,846 | +€19,849 | +104.5% |
| Amounts receivable within one year | 40/41 | €2,327 | €11,872 | +€9,545 | +410.1% |
| Trade receivables | 40 | - | €11,872 | +€11,872 | |
| Other amounts receivable | 41 | €2,327 | - | -€2,327 | |
| Cash at bank and in hand | 54/58 | €16,670 | €26,974 | +€10,305 | +61.8% |
| Total equity and liabilities | 10/49 | €19,851 | €107,883 | +€88,032 | +443.5% |
| Equity | 10/15 | €8,430 | €21,560 | +€13,130 | +155.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,930 | €5,500 | -€430 | -7.2% |
| Distributable reserves | 133 | €5,930 | €5,500 | -€430 | -7.2% |
| Profit (loss) carried forward | 14 | - | €13,560 | +€13,560 | |
| Amounts payable | 17/49 | €11,422 | €86,323 | +€74,901 | +655.8% |
| Amounts payable after more than one year | 17 | - | €60,459 | +€60,459 | |
| Financial debts | 170/4 | - | €60,459 | +€60,459 | |
| Amounts payable within one year | 42/48 | €11,422 | €25,864 | +€14,442 | +126.4% |
| Current portion of amounts payable after more than one year | 42 | - | €16,284 | +€16,284 | |
| Trade debts | 44 | - | €1,082 | +€1,082 | |
| Suppliers | 440/4 | - | €1,082 | +€1,082 | |
| Taxes, remuneration and social security | 45 | €8,922 | €7,356 | -€1,566 | -17.6% |
| Taxes | 450/3 | €8,922 | €3,520 | -€5,402 | -60.5% |
| Remuneration and social security | 454/9 | - | €3,836 | +€3,836 | |
| Other amounts payable | 47/48 | €2,500 | €1,141 | -€1,359 | -54.4% |
| Remuneration, social security and pensions | 62 | - | €1,210 | +€1,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450 | €12,562 | +€12,112 | +2689.6% |
| Other operating charges | 640/8 | €384 | €440 | +€56 | +14.5% |
| Gross operating margin | 9900 | €9,069 | €32,940 | +€23,871 | +263.2% |
| Operating profit (loss) | 9901 | €8,234 | €18,727 | +€10,493 | +127.4% |
| Financial income | 75/76B | €62 | €2 | -€60 | -96.9% |
| Recurring financial income | 75 | €62 | €2 | -€60 | -96.9% |
| Financial charges | 65/66B | €117 | €2,079 | +€1,962 | +1671.5% |
| Recurring financial charges | 65 | €117 | €2,079 | +€1,962 | +1671.5% |
| Profit (loss) for the period before taxes | 9903 | €8,178 | €16,650 | +€8,472 | +103.6% |
| Income taxes | 67/77 | €2,202 | €3,520 | +€1,318 | +59.8% |
| Profit (loss) for the period | 9904 | €5,976 | €13,130 | +€7,155 | +119.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,976 | €13,130 | +€7,155 | +119.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.