PhoenixArtworks: 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.
PhoenixArtworks
Largest movements
- Receivables within one year +€12,553
up €12,553 (+208%), from €6,038 to €18,590
of which Trade receivables: +€11,640
- Intangible fixed assets -€2,405
down €2,405 (-95.6%), from €2,515 to €110
- Tangible fixed assets -€1,107
down €1,107 (-13.9%), from €7,950 to €6,843
of which Plant, machinery and equipment: -€2,988
- Cash +€692
up €692 (+19.8%), from €3,498 to €4,190
mainly Depreciation (+€7,352) and Net result for the year (+€6,818)
- Profit (loss) carried forward +€5,170
no longer reported in 2025 (was -€5,170)
- Trade debts +€4,519
up €4,519 (+114%), from €3,955 to €8,474
- Reserves +€1,647
new in 2025: €1,647
- Tax, wage and social debts -€967
down €967 (-47.2%), from €2,050 to €1,083
of which Taxes: -€745
- Other debts -€636
down €636 (-14.2%), from €4,471 to €3,835
- Staff costs +€1,966
up €1,966 (+547%), from €359 to €2,325
- Other operating charges -€791
down €791 (-52.2%), from €1,517 to €726
- Financial charges -€686
down €686 (-66.4%), from €1,032 to €346
- Gross operating margin -€352
down €352 (-2.0%), from €17,909 to €17,556
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 | €20,050 | €29,783 | +€9,733 | +48.5% |
| Fixed assets | 21/28 | €10,465 | €6,953 | -€3,512 | -33.6% |
| Intangible fixed assets | 21 | €2,515 | €110 | -€2,405 | -95.6% |
| Tangible fixed assets | 22/27 | €7,950 | €6,843 | -€1,107 | -13.9% |
| Land and buildings | 22 | €1,892 | €1,579 | -€314 | -16.6% |
| Plant, machinery and equipment | 23 | €4,138 | €1,150 | -€2,988 | -72.2% |
| Furniture and vehicles | 24 | €1,920 | €4,114 | +€2,194 | +114% |
| Current assets | 29/58 | €9,585 | €22,830 | +€13,246 | +138% |
| Amounts receivable within one year | 40/41 | €6,038 | €18,590 | +€12,553 | +208% |
| Trade receivables | 40 | €5,166 | €16,807 | +€11,640 | +225% |
| Other amounts receivable | 41 | €871 | €1,784 | +€912 | +105% |
| Cash at bank and in hand | 54/58 | €3,498 | €4,190 | +€692 | +19.8% |
| Deferred charges and accrued income | 490/1 | €49 | €50 | +€1 | +2.0% |
| Total equity and liabilities | 10/49 | €20,050 | €29,783 | +€9,733 | +48.5% |
| Equity | 10/15 | €4,830 | €11,647 | +€6,818 | +141% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €1,647 | +€1,647 | |
| Distributable reserves | 133 | - | €1,647 | +€1,647 | |
| Profit (loss) carried forward | 14 | -€5,170 | - | +€5,170 | |
| Amounts payable | 17/49 | €15,220 | €18,136 | +€2,916 | +19.2% |
| Amounts payable within one year | 42/48 | €15,220 | €18,136 | +€2,916 | +19.2% |
| Trade debts | 44 | €3,955 | €8,474 | +€4,519 | +114% |
| Suppliers | 440/4 | €3,955 | €8,474 | +€4,519 | +114% |
| Advances received on contracts in progress | 46 | €4,744 | €4,744 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,050 | €1,083 | -€967 | -47.2% |
| Taxes | 450/3 | €745 | - | -€745 | |
| Remuneration and social security | 454/9 | €1,305 | €1,083 | -€222 | -17.0% |
| Other amounts payable | 47/48 | €4,471 | €3,835 | -€636 | -14.2% |
| Remuneration, social security and pensions | 62 | €359 | €2,325 | +€1,966 | +547% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,315 | €7,352 | +€37 | +0.5% |
| Other operating charges | 640/8 | €1,517 | €726 | -€791 | -52.2% |
| Gross operating margin | 9900 | €17,909 | €17,556 | -€352 | -2.0% |
| Operating profit (loss) | 9901 | €8,717 | €7,153 | -€1,564 | -17.9% |
| Financial income | 75/76B | €16 | €11 | -€5 | -30.9% |
| Recurring financial income | 75 | €16 | €11 | -€5 | -30.9% |
| Financial charges | 65/66B | €1,032 | €346 | -€686 | -66.4% |
| Recurring financial charges | 65 | €1,032 | €346 | -€686 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €7,701 | €6,818 | -€883 | -11.5% |
| Profit (loss) for the period | 9904 | €7,701 | €6,818 | -€883 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,701 | €6,818 | -€883 | -11.5% |
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 29 October 2026 via checked.be.