PHOENIX STUDIO: 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 STUDIO
Largest movements
- Tangible fixed assets -€23,898
down €23,898 (-2.4%), from €1.0m to €986,813
of which Other tangible fixed assets: -€68,486
- Receivables within one year +€11,957
up €11,957 (+41.4%), from €28,855 to €40,812
of which Trade receivables: +€18,971
- Debts after one year -€20,204
down €20,204 (-2.8%), from €724,454 to €704,250
- Gross operating margin +€6,312
up €6,312 (+6.1%), from €104,085 to €110,397
- Depreciation +€3,965
up €3,965 (+4.7%), from €84,159 to €88,124
- Other operating charges +€1,589
up €1,589 (+29.5%), from €5,382 to €6,971
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 | €1,043,387 | €1,039,012 | -€4,375 | -0.4% |
| Fixed assets | 21/28 | €1,011,475 | €987,576 | -€23,898 | -2.4% |
| Tangible fixed assets | 22/27 | €1,010,712 | €986,813 | -€23,898 | -2.4% |
| Land and buildings | 22 | €274,086 | €264,675 | -€9,411 | -3.4% |
| Furniture and vehicles | 24 | €10,138 | €64,136 | +€53,998 | +533% |
| Other tangible fixed assets | 26 | €726,488 | €658,002 | -€68,486 | -9.4% |
| Financial fixed assets | 28 | €763 | €763 | = | 0.0% |
| Current assets | 29/58 | €31,912 | €51,435 | +€19,523 | +61.2% |
| Amounts receivable within one year | 40/41 | €28,855 | €40,812 | +€11,957 | +41.4% |
| Trade receivables | 40 | €20,036 | €39,007 | +€18,971 | +94.7% |
| Other amounts receivable | 41 | €8,818 | €1,805 | -€7,014 | -79.5% |
| Cash at bank and in hand | 54/58 | €3,031 | €9,589 | +€6,557 | +216% |
| Deferred charges and accrued income | 490/1 | €26 | €1,035 | +€1,008 | +3,813% |
| Total equity and liabilities | 10/49 | €1,043,387 | €1,039,012 | -€4,375 | -0.4% |
| Equity | 10/15 | €117,050 | €117,661 | +€610 | +0.5% |
| Contributions | 10/11 | €8,091 | €8,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,959 | €109,570 | +€610 | +0.6% |
| Amounts payable | 17/49 | €926,337 | €921,351 | -€4,986 | -0.5% |
| Amounts payable after more than one year | 17 | €724,454 | €704,250 | -€20,204 | -2.8% |
| Financial debts | 170/4 | €724,454 | €704,250 | -€20,204 | -2.8% |
| Amounts payable within one year | 42/48 | €201,883 | €217,101 | +€15,218 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €68,287 | €72,723 | +€4,437 | +6.5% |
| Financial debts | 43 | €1,194 | - | -€1,194 | |
| Other loans | 439 | €1,194 | - | -€1,194 | |
| Trade debts | 44 | €12,767 | €17,348 | +€4,581 | +35.9% |
| Suppliers | 440/4 | €12,767 | €17,348 | +€4,581 | +35.9% |
| Advances received on contracts in progress | 46 | €11,472 | €21,089 | +€9,617 | +83.8% |
| Taxes, remuneration and social security | 45 | €5,773 | €980 | -€4,793 | -83.0% |
| Taxes | 450/3 | €5,773 | €980 | -€4,793 | -83.0% |
| Other amounts payable | 47/48 | €102,390 | €104,961 | +€2,571 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,159 | €88,124 | +€3,965 | +4.7% |
| Other operating charges | 640/8 | €5,382 | €6,971 | +€1,589 | +29.5% |
| Gross operating margin | 9900 | €104,085 | €110,397 | +€6,312 | +6.1% |
| Operating profit (loss) | 9901 | €14,544 | €15,302 | +€759 | +5.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €15,108 | €14,516 | -€592 | -3.9% |
| Recurring financial charges | 65 | €15,108 | €14,516 | -€592 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€564 | €786 | +€1,350 | |
| Income taxes | 67/77 | €59 | €176 | +€117 | +197% |
| Profit (loss) for the period | 9904 | -€623 | €610 | +€1,234 | |
| Profit (loss) for the period to be appropriated | 9905 | -€623 | €610 | +€1,234 |
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 16 October 2026 via checked.be.