Phoenix Projects: 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 Projects
Largest movements
- Stocks and contracts -€203,768
down €203,768 (-100.0%), from €203,768 to €0
- Cash -€6,763
down €6,763 (-57.2%), from €11,814 to €5,051
mainly Other debts (-€165,000) and Trade debts (-€39,977)
- Receivables within one year +€6,473
up €6,473 (+1747.0%), from €371 to €6,844
- Other debts -€165,000
down €165,000 (-100.0%), from €165,000 to €0
- Trade debts -€39,977
down €39,977 (-99.2%), from €40,301 to €324
- Gross operating margin -€32,446
down €32,446 (-92.2%), from €35,210 to €2,764
- Financial charges -€9,804
down €9,804 (-96.8%), from €10,123 to €319
- Other operating charges -€545
down €545 (-26.3%), from €2,070 to €1,525
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 | €215,952 | €11,895 | -€204,057 | -94.5% |
| Current assets | 29/58 | €215,952 | €11,895 | -€204,057 | -94.5% |
| Stocks and contracts in progress | 3 | €203,768 | €0 | -€203,768 | -100.0% |
| Stocks | 30/36 | €203,768 | €0 | -€203,768 | -100.0% |
| Amounts receivable within one year | 40/41 | €371 | €6,844 | +€6,473 | +1747.0% |
| Other amounts receivable | 41 | €371 | €6,844 | +€6,473 | +1747.0% |
| Cash at bank and in hand | 54/58 | €11,814 | €5,051 | -€6,763 | -57.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €215,952 | €11,895 | -€204,057 | -94.5% |
| Equity | 10/15 | €10,651 | €11,570 | +€920 | +8.6% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,349 | -€430 | +€920 | +68.2% |
| Amounts payable | 17/49 | €205,301 | €324 | -€204,977 | -99.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €205,301 | €324 | -€204,977 | -99.8% |
| Trade debts | 44 | €40,301 | €324 | -€39,977 | -99.2% |
| Suppliers | 440/4 | €40,301 | €324 | -€39,977 | -99.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €165,000 | €0 | -€165,000 | -100.0% |
| Other operating charges | 640/8 | €2,070 | €1,525 | -€545 | -26.3% |
| Gross operating margin | 9900 | €35,210 | €2,764 | -€32,446 | -92.2% |
| Operating profit (loss) | 9901 | €33,140 | €1,239 | -€31,901 | -96.3% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €10,123 | €319 | -€9,804 | -96.8% |
| Recurring financial charges | 65 | €10,123 | €319 | -€9,804 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | €23,028 | €920 | -€22,108 | -96.0% |
| Profit (loss) for the period | 9904 | €23,028 | €920 | -€22,108 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,028 | €920 | -€22,108 | -96.0% |
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.