Phoenix Ventures: 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 Ventures
Largest movements
- Cash +€3,817
up €3,817 (+10.7%), from €35,807 to €39,624
mainly Net result for the year (+€53,933) and Depreciation (+€5,598)
- Tangible fixed assets -€1,527
down €1,527 (-8.7%), from €17,518 to €15,991
of which Plant, machinery and equipment: -€1,294
- Reserves +€5,433
up €5,433 (+11.1%), from €48,893 to €54,326
- Tax, wage and social debts -€4,875
down €4,875 (-35.2%), from €13,840 to €8,965
- Other debts +€1,522
up €1,522, from €0 to €1,522
- Gross operating margin +€16,497
up €16,497 (+26.0%), from €63,348 to €79,845
- Taxes +€7,686
up €7,686 (+67.0%), from €11,470 to €19,156
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 | €66,949 | €69,288 | +€2,340 | +3.5% |
| Fixed assets | 21/28 | €17,518 | €15,991 | -€1,527 | -8.7% |
| Tangible fixed assets | 22/27 | €17,518 | €15,991 | -€1,527 | -8.7% |
| Plant, machinery and equipment | 23 | €5,957 | €4,663 | -€1,294 | -21.7% |
| Furniture and vehicles | 24 | €7,409 | €8,219 | +€809 | +10.9% |
| Other tangible fixed assets | 26 | €4,152 | €3,109 | -€1,043 | -25.1% |
| Current assets | 29/58 | €49,430 | €53,298 | +€3,867 | +7.8% |
| Amounts receivable within one year | 40/41 | €12,791 | €12,793 | +€2 | 0.0% |
| Trade receivables | 40 | €12,153 | €12,693 | +€540 | +4.4% |
| Other amounts receivable | 41 | €638 | €100 | -€538 | -84.3% |
| Cash at bank and in hand | 54/58 | €35,807 | €39,624 | +€3,817 | +10.7% |
| Deferred charges and accrued income | 490/1 | €832 | €881 | +€49 | +5.8% |
| Total equity and liabilities | 10/49 | €66,949 | €69,288 | +€2,340 | +3.5% |
| Equity | 10/15 | €51,893 | €57,326 | +€5,433 | +10.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €48,893 | €54,326 | +€5,433 | +11.1% |
| Distributable reserves | 133 | €48,893 | €54,326 | +€5,433 | +11.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,055 | €11,963 | -€3,093 | -20.5% |
| Amounts payable within one year | 42/48 | €15,055 | €11,932 | -€3,124 | -20.7% |
| Financial debts | 43 | €299 | €411 | +€113 | +37.7% |
| Credit institutions | 430/8 | €299 | €411 | +€113 | +37.7% |
| Trade debts | 44 | €916 | €1,033 | +€117 | +12.8% |
| Suppliers | 440/4 | €916 | €1,033 | +€117 | +12.8% |
| Taxes, remuneration and social security | 45 | €13,840 | €8,965 | -€4,875 | -35.2% |
| Taxes | 450/3 | €13,840 | €8,965 | -€4,875 | -35.2% |
| Other amounts payable | 47/48 | €0 | €1,522 | +€1,522 | |
| Accrued charges and deferred income | 492/3 | - | €31 | +€31 | |
| Non-recurring operating income | 76A | €20 | €347 | +€327 | +1,665% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,096 | €5,598 | +€502 | +9.9% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Non-recurring operating charges | 66A | €3,515 | €0 | -€3,515 | -100% |
| Gross operating margin | 9900 | €63,348 | €79,845 | +€16,497 | +26.0% |
| Operating profit (loss) | 9901 | €54,210 | €73,703 | +€19,493 | +36.0% |
| Financial income | 75/76B | €0 | €23 | +€23 | |
| Recurring financial income | 75 | €0 | €23 | +€23 | |
| Financial charges | 65/66B | €479 | €637 | +€158 | +33.0% |
| Recurring financial charges | 65 | €479 | €637 | +€158 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €53,731 | €73,089 | +€19,358 | +36.0% |
| Income taxes | 67/77 | €11,470 | €19,156 | +€7,686 | +67.0% |
| Profit (loss) for the period | 9904 | €42,261 | €53,933 | +€11,672 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,261 | €53,933 | +€11,672 | +27.6% |
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 15 October 2026 via checked.be.