PHOENIX VASTGOED: what changed
PHOENIX VASTGOED
Largest movements
- Receivables within one year +€70,412
up €70,412 (+113%), from €62,377 to €132,790
- Stocks and contracts +€56,388
up €56,388 (+7.7%), from €732,768 to €789,155
of which Contracts in progress: +€116,307
- Tangible fixed assets -€17,525
down €17,525 (-2.4%), from €716,875 to €699,350
of which Land and buildings: -€16,856
- Current portion of long-term debt +€307,332
up €307,332 (+402%), from €76,413 to €383,745
- Short-term financial debts -€240,791
down €240,791 (-98.7%), from €243,875 to €3,085
- Trade debts -€58,549
down €58,549 (-60.0%), from €97,555 to €39,006
- Advances received +€52,727
new in 2024: €52,727
- Other debts +€43,938
up €43,938 (+17.3%), from €254,328 to €298,266
- Gross operating margin -€21,908
down €21,908 (-27.5%), from €79,586 to €57,678
- Financial charges -€12,004
down €12,004 (-26.5%), from €45,263 to €33,259
- Depreciation -€3,152
down €3,152 (-15.2%), from €20,677 to €17,525
- Taxes -€2,246
down €2,246 (-53.5%), from €4,198 to €1,952
- Other operating charges -€2,073
down €2,073 (-63.3%), from €3,274 to €1,202
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,534,718 | €1,628,694 | +€93,975 | +6.1% |
| Fixed assets | 21/28 | €716,900 | €699,375 | -€17,525 | -2.4% |
| Tangible fixed assets | 22/27 | €716,875 | €699,350 | -€17,525 | -2.4% |
| Land and buildings | 22 | €714,794 | €697,939 | -€16,856 | -2.4% |
| Plant, machinery and equipment | 23 | €2,081 | €1,411 | -€670 | -32.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €817,818 | €929,319 | +€111,501 | +13.6% |
| Stocks and contracts in progress | 3 | €732,768 | €789,155 | +€56,388 | +7.7% |
| Stocks | 30/36 | €664,000 | €604,081 | -€59,919 | -9.0% |
| Contracts in progress | 37 | €68,768 | €185,075 | +€116,307 | +169% |
| Amounts receivable within one year | 40/41 | €62,377 | €132,790 | +€70,412 | +113% |
| Trade receivables | 40 | €62,377 | €132,790 | +€70,412 | +113% |
| Cash at bank and in hand | 54/58 | €19,186 | €3,887 | -€15,299 | -79.7% |
| Deferred charges and accrued income | 490/1 | €3,487 | €3,487 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,534,718 | €1,628,694 | +€93,975 | +6.1% |
| Equity | 10/15 | €109,122 | €113,205 | +€4,083 | +3.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €84,122 | €88,205 | +€4,083 | +4.9% |
| Distributable reserves | 133 | €84,122 | €88,205 | +€4,083 | +4.9% |
| Amounts payable | 17/49 | €1,425,597 | €1,515,489 | +€89,892 | +6.3% |
| Amounts payable after more than one year | 17 | €726,430 | €726,430 | = | 0.0% |
| Financial debts | 170/4 | €726,430 | €726,430 | = | 0.0% |
| Amounts payable within one year | 42/48 | €689,890 | €789,058 | +€99,168 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €76,413 | €383,745 | +€307,332 | +402% |
| Financial debts | 43 | €243,875 | €3,085 | -€240,791 | -98.7% |
| Credit institutions | 430/8 | €243,875 | €3,085 | -€240,791 | -98.7% |
| Trade debts | 44 | €97,555 | €39,006 | -€58,549 | -60.0% |
| Suppliers | 440/4 | €97,555 | €39,006 | -€58,549 | -60.0% |
| Advances received on contracts in progress | 46 | - | €52,727 | +€52,727 | |
| Taxes, remuneration and social security | 45 | €17,719 | €12,229 | -€5,490 | -31.0% |
| Taxes | 450/3 | €17,719 | €12,229 | -€5,490 | -31.0% |
| Other amounts payable | 47/48 | €254,328 | €298,266 | +€43,938 | +17.3% |
| Accrued charges and deferred income | 492/3 | €9,276 | €0 | -€9,276 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,677 | €17,525 | -€3,152 | -15.2% |
| Other operating charges | 640/8 | €3,274 | €1,202 | -€2,073 | -63.3% |
| Gross operating margin | 9900 | €79,586 | €57,678 | -€21,908 | -27.5% |
| Operating profit (loss) | 9901 | €55,634 | €38,951 | -€16,683 | -30.0% |
| Financial income | 75/76B | €425 | €344 | -€81 | -19.1% |
| Recurring financial income | 75 | €425 | €344 | -€81 | -19.1% |
| Financial charges | 65/66B | €45,263 | €33,259 | -€12,004 | -26.5% |
| Recurring financial charges | 65 | €45,263 | €33,259 | -€12,004 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €10,796 | €6,035 | -€4,760 | -44.1% |
| Income taxes | 67/77 | €4,198 | €1,952 | -€2,246 | -53.5% |
| Profit (loss) for the period | 9904 | €6,598 | €4,083 | -€2,514 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,598 | €4,083 | -€2,514 | -38.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.