PHOENX: 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.
PHOENX
Largest movements
- Receivables within one year -€92,141
down €92,141 (-47.5%), from €193,787 to €101,646
of which Trade receivables: -€86,342
- Cash -€42,484
down €42,484 (-30.2%), from €140,572 to €98,088
mainly Trade debts (-€135,914) and Deferred charges and accrued income (-€678)
- Trade debts -€135,914
down €135,914 (-68.9%), from €197,347 to €61,433
- Gross operating margin -€1,584
down €1,584 (-30.4%), from €5,204 to €3,620
- Taxes -€240
down €240 (-24.7%), from €972 to €732
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 | €335,066 | €201,120 | -€133,946 | -40.0% |
| Current assets | 29/58 | €335,066 | €201,120 | -€133,946 | -40.0% |
| Amounts receivable within one year | 40/41 | €193,787 | €101,646 | -€92,141 | -47.5% |
| Trade receivables | 40 | €182,181 | €95,838 | -€86,342 | -47.4% |
| Other amounts receivable | 41 | €11,606 | €5,808 | -€5,799 | -50.0% |
| Cash at bank and in hand | 54/58 | €140,572 | €98,088 | -€42,484 | -30.2% |
| Deferred charges and accrued income | 490/1 | €708 | €1,386 | +€678 | +95.8% |
| Total equity and liabilities | 10/49 | €335,066 | €201,120 | -€133,946 | -40.0% |
| Equity | 10/15 | €136,748 | €138,956 | +€2,208 | +1.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,748 | €38,956 | +€2,208 | +6.0% |
| Amounts payable | 17/49 | €198,319 | €62,164 | -€136,154 | -68.7% |
| Amounts payable within one year | 42/48 | €198,319 | €62,164 | -€136,154 | -68.7% |
| Trade debts | 44 | €197,347 | €61,433 | -€135,914 | -68.9% |
| Suppliers | 440/4 | €197,347 | €61,433 | -€135,914 | -68.9% |
| Taxes, remuneration and social security | 45 | €972 | €732 | -€240 | -24.7% |
| Taxes | 450/3 | €972 | €732 | -€240 | -24.7% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | €5,204 | €3,620 | -€1,584 | -30.4% |
| Operating profit (loss) | 9901 | €4,612 | €3,010 | -€1,602 | -34.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €74 | €70 | -€3 | -4.2% |
| Recurring financial charges | 65 | €74 | €70 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €4,539 | €2,940 | -€1,599 | -35.2% |
| Income taxes | 67/77 | €972 | €732 | -€240 | -24.7% |
| Profit (loss) for the period | 9904 | €3,567 | €2,208 | -€1,359 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,567 | €2,208 | -€1,359 | -38.1% |
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 7 October 2026 via checked.be.