PHOENIX SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash -€1,906
down €1,906 (-64.1%), from €2,975 to €1,069
mainly Net result for the year (-€8,994) and Trade debts (-€4,764)
- Tangible fixed assets -€1,822
down €1,822 (-23.4%), from €7,793 to €5,971
of which Plant, machinery and equipment: -€2,100
- Other debts +€12,480
up €12,480 (+116.6%), from €10,706 to €23,187
- Profit (loss) carried forward -€8,994
down €8,994 (-22.8%), from -€39,533 to -€48,526
- Trade debts -€4,764
down €4,764 (-15.6%), from €30,446 to €25,681
- Tax, wage and social debts -€2,450
down €2,450 (-87.3%), from €2,805 to €355
- Gross operating margin -€14,049
down €14,049, from €11,354 to -€2,695
- Depreciation -€882
down €882 (-18.2%), from €4,852 to €3,970
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 | €10,768 | €7,041 | -€3,728 | -34.6% |
| Fixed assets | 21/28 | €7,793 | €5,971 | -€1,822 | -23.4% |
| Tangible fixed assets | 22/27 | €7,793 | €5,971 | -€1,822 | -23.4% |
| Plant, machinery and equipment | 23 | €4,200 | €2,100 | -€2,100 | -50.0% |
| Furniture and vehicles | 24 | €3,593 | €3,871 | +€278 | +7.7% |
| Current assets | 29/58 | €2,975 | €1,069 | -€1,906 | -64.1% |
| Cash at bank and in hand | 54/58 | €2,975 | €1,069 | -€1,906 | -64.1% |
| Total equity and liabilities | 10/49 | €10,768 | €7,041 | -€3,728 | -34.6% |
| Equity | 10/15 | -€33,189 | -€42,182 | -€8,994 | -27.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €144 | €144 | = | 0.0% |
| Distributable reserves | 133 | €144 | €144 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,533 | -€48,526 | -€8,994 | -22.8% |
| Amounts payable | 17/49 | €43,957 | €49,223 | +€5,266 | +12.0% |
| Amounts payable within one year | 42/48 | €43,957 | €49,223 | +€5,266 | +12.0% |
| Trade debts | 44 | €30,446 | €25,681 | -€4,764 | -15.6% |
| Suppliers | 440/4 | €30,446 | €25,681 | -€4,764 | -15.6% |
| Taxes, remuneration and social security | 45 | €2,805 | €355 | -€2,450 | -87.3% |
| Taxes | 450/3 | €2,805 | €355 | -€2,450 | -87.3% |
| Other amounts payable | 47/48 | €10,706 | €23,187 | +€12,480 | +116.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,852 | €3,970 | -€882 | -18.2% |
| Non-recurring operating charges | 66A | €1,429 | €2,178 | +€749 | +52.4% |
| Gross operating margin | 9900 | €11,354 | -€2,695 | -€14,049 | |
| Operating profit (loss) | 9901 | €5,073 | -€8,843 | -€13,915 | |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €153 | €201 | +€48 | +31.0% |
| Recurring financial charges | 65 | €153 | €201 | +€48 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €4,919 | -€8,994 | -€13,913 | |
| Profit (loss) for the period | 9904 | €4,919 | -€8,994 | -€13,913 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,919 | -€8,994 | -€13,913 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.