PHOENIX SOUNDATION: 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 SOUNDATION
Largest movements
- Cash +€13,160
up €13,160 (+478%), from €2,755 to €15,915
mainly Depreciation (+€19,762) and Trade debts (+€11,869)
- Receivables within one year -€7,428
down €7,428 (-99.0%), from €7,503 to €74
of which Trade receivables: -€6,722
- Tangible fixed assets +€5,341
up €5,341 (+16.8%), from €31,762 to €37,102
of which Plant, machinery and equipment: +€11,270
- Trade debts +€11,869
up €11,869 (+1,026%), from €1,157 to €13,025
- Profit (loss) carried forward +€1,921
up €1,921 (+16.2%), from €11,867 to €13,789
- Tax, wage and social debts -€1,664
down €1,664 (-18.0%), from €9,229 to €7,564
- Other debts -€1,053
down €1,053 (-6.8%), from €15,541 to €14,488
- Gross operating margin +€4,210
up €4,210 (+23.2%), from €18,158 to €22,367
- Depreciation +€2,863
up €2,863 (+16.9%), from €16,899 to €19,762
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.
Derived cash bridge
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 | €42,194 | €53,266 | +€11,072 | +26.2% |
| Fixed assets | 21/28 | €31,937 | €37,277 | +€5,341 | +16.7% |
| Tangible fixed assets | 22/27 | €31,762 | €37,102 | +€5,341 | +16.8% |
| Plant, machinery and equipment | 23 | €24,056 | €35,326 | +€11,270 | +46.8% |
| Furniture and vehicles | 24 | €7,706 | €1,777 | -€5,929 | -76.9% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €10,257 | €15,989 | +€5,732 | +55.9% |
| Amounts receivable within one year | 40/41 | €7,503 | €74 | -€7,428 | -99.0% |
| Trade receivables | 40 | €6,722 | - | -€6,722 | |
| Other amounts receivable | 41 | €781 | €74 | -€707 | -90.5% |
| Cash at bank and in hand | 54/58 | €2,755 | €15,915 | +€13,160 | +478% |
| Total equity and liabilities | 10/49 | €42,194 | €53,266 | +€11,072 | +26.2% |
| Equity | 10/15 | €16,267 | €18,189 | +€1,921 | +11.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,867 | €13,789 | +€1,921 | +16.2% |
| Amounts payable | 17/49 | €25,926 | €35,078 | +€9,151 | +35.3% |
| Amounts payable within one year | 42/48 | €25,926 | €35,078 | +€9,151 | +35.3% |
| Trade debts | 44 | €1,157 | €13,025 | +€11,869 | +1,026% |
| Suppliers | 440/4 | €1,157 | €13,025 | +€11,869 | +1,026% |
| Taxes, remuneration and social security | 45 | €9,229 | €7,564 | -€1,664 | -18.0% |
| Taxes | 450/3 | €9,229 | €7,564 | -€1,664 | -18.0% |
| Other amounts payable | 47/48 | €15,541 | €14,488 | -€1,053 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,899 | €19,762 | +€2,863 | +16.9% |
| Other operating charges | 640/8 | €149 | €149 | = | 0.0% |
| Gross operating margin | 9900 | €18,158 | €22,367 | +€4,210 | +23.2% |
| Operating profit (loss) | 9901 | €1,110 | €2,457 | +€1,347 | +121% |
| Financial income | 75/76B | €0 | €0 | -€0 | -88.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -88.9% |
| Financial charges | 65/66B | €438 | €423 | -€15 | -3.4% |
| Recurring financial charges | 65 | €438 | €423 | -€15 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €672 | €2,033 | +€1,362 | +203% |
| Income taxes | 67/77 | €199 | €112 | -€87 | -43.8% |
| Profit (loss) for the period | 9904 | €472 | €1,921 | +€1,449 | +307% |
| Profit (loss) for the period to be appropriated | 9905 | €472 | €1,921 | +€1,449 | +307% |
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 19 October 2026 via checked.be.