PHOENIXSTATE: what changed
Two fiscal 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.
PHOENIXSTATE
Largest movements
- Cash +€2,654
up €2,654 (+186.3%), from €1,425 to €4,079
mainly Net result for the year (+€3,933) and Tax, wage and social debts (+€1,410)
- Reserves +€3,933
up €3,933 (+39.5%), from €9,945 to €13,877
- Other debts -€2,753
down €2,753 (-3.3%), from €83,995 to €81,242
- Gross operating margin -€3,968
down €3,968 (-28.4%), from €13,946 to €9,979
- Taxes +€1,175
up €1,175 (+499.9%), from €235 to €1,410
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.
Cash bridge derived
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 | €156,543 | €159,197 | +€2,654 | +1.7% |
| Fixed assets | 21/28 | €155,118 | €155,118 | = | 0.0% |
| Tangible fixed assets | 22/27 | €153,384 | €153,384 | = | 0.0% |
| Land and buildings | 22 | €153,384 | €153,384 | = | 0.0% |
| Financial fixed assets | 28 | €1,734 | €1,734 | = | 0.0% |
| Current assets | 29/58 | €1,425 | €4,079 | +€2,654 | +186.3% |
| Cash at bank and in hand | 54/58 | €1,425 | €4,079 | +€2,654 | +186.3% |
| Total equity and liabilities | 10/49 | €156,543 | €159,197 | +€2,654 | +1.7% |
| Equity | 10/15 | €71,918 | €75,851 | +€3,933 | +5.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €9,945 | €13,877 | +€3,933 | +39.5% |
| Distributable reserves | 133 | €9,945 | €13,877 | +€3,933 | +39.5% |
| Amounts payable | 17/49 | €84,625 | €83,346 | -€1,279 | -1.5% |
| Amounts payable within one year | 42/48 | €84,625 | €83,346 | -€1,279 | -1.5% |
| Trade debts | 44 | €395 | €459 | +€64 | +16.3% |
| Suppliers | 440/4 | €395 | €459 | +€64 | +16.3% |
| Taxes, remuneration and social security | 45 | €235 | €1,645 | +€1,410 | +599.9% |
| Taxes | 450/3 | €235 | €1,645 | +€1,410 | +599.9% |
| Other amounts payable | 47/48 | €83,995 | €81,242 | -€2,753 | -3.3% |
| Other operating charges | 640/8 | €4,424 | €4,561 | +€138 | +3.1% |
| Gross operating margin | 9900 | €13,946 | €9,979 | -€3,968 | -28.4% |
| Operating profit (loss) | 9901 | €9,523 | €5,417 | -€4,105 | -43.1% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €9,449 | €5,342 | -€4,107 | -43.5% |
| Income taxes | 67/77 | €235 | €1,410 | +€1,175 | +499.9% |
| Profit (loss) for the period | 9904 | €9,214 | €3,933 | -€5,282 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,214 | €3,933 | -€5,282 | -57.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.