PHENIX: 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.
PHENIX
Largest movements
- Tangible fixed assets -€4,387
down €4,387 (-7.0%), from €62,681 to €58,294
- Deferred charges and accrued income +€1,464
new in 2025: €1,464
- Receivables within one year +€1,460
up €1,460 (+2.7%), from €54,307 to €55,767
- Profit (loss) carried forward +€3,657
up €3,657 (+6.7%), from €54,360 to €58,017
- Trade debts -€3,569
down €3,569 (-66.7%), from €5,351 to €1,782
- Accrued charges and deferred income -€2,532
down €2,532 (-48.3%), from €5,238 to €2,706
- Gross operating margin -€5,548
down €5,548 (-31.0%), from €17,911 to €12,363
- Taxes +€388
up €388 (+16.7%), from €2,329 to €2,717
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 | €117,221 | €115,612 | -€1,609 | -1.4% |
| Fixed assets | 21/28 | €62,681 | €58,294 | -€4,387 | -7.0% |
| Tangible fixed assets | 22/27 | €62,681 | €58,294 | -€4,387 | -7.0% |
| Land and buildings | 22 | €62,681 | €58,294 | -€4,387 | -7.0% |
| Current assets | 29/58 | €54,540 | €57,318 | +€2,778 | +5.1% |
| Amounts receivable within one year | 40/41 | €54,307 | €55,767 | +€1,460 | +2.7% |
| Other amounts receivable | 41 | €54,307 | €55,767 | +€1,460 | +2.7% |
| Cash at bank and in hand | 54/58 | €233 | €87 | -€146 | -62.7% |
| Deferred charges and accrued income | 490/1 | - | €1,464 | +€1,464 | |
| Total equity and liabilities | 10/49 | €117,221 | €115,612 | -€1,609 | -1.4% |
| Equity | 10/15 | €106,632 | €110,289 | +€3,657 | +3.4% |
| Contributions | 10/11 | €51,212 | €51,212 | = | 0.0% |
| Capital | 10 | €51,212 | €51,212 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Uncalled capital | 101 | €10,788 | €10,788 | = | 0.0% |
| Reserves | 13 | €1,060 | €1,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,060 | €1,060 | = | 0.0% |
| Legal reserve | 130 | €1,060 | €1,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,360 | €58,017 | +€3,657 | +6.7% |
| Amounts payable | 17/49 | €10,589 | €5,323 | -€5,266 | -49.7% |
| Amounts payable within one year | 42/48 | €5,351 | €2,617 | -€2,734 | -51.1% |
| Trade debts | 44 | €5,351 | €1,782 | -€3,569 | -66.7% |
| Suppliers | 440/4 | €5,351 | €1,782 | -€3,569 | -66.7% |
| Taxes, remuneration and social security | 45 | - | €619 | +€619 | |
| Taxes | 450/3 | - | €619 | +€619 | |
| Other amounts payable | 47/48 | - | €216 | +€216 | |
| Accrued charges and deferred income | 492/3 | €5,238 | €2,706 | -€2,532 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,387 | €4,387 | = | 0.0% |
| Other operating charges | 640/8 | €1,362 | €1,443 | +€81 | +5.9% |
| Gross operating margin | 9900 | €17,911 | €12,363 | -€5,548 | -31.0% |
| Operating profit (loss) | 9901 | €12,162 | €6,533 | -€5,629 | -46.3% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | - | €159 | +€159 | |
| Recurring financial charges | 65 | - | €159 | +€159 | |
| Profit (loss) for the period before taxes | 9903 | €12,181 | €6,374 | -€5,807 | -47.7% |
| Income taxes | 67/77 | €2,329 | €2,717 | +€388 | +16.7% |
| Profit (loss) for the period | 9904 | €9,852 | €3,657 | -€6,195 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,852 | €3,657 | -€6,195 | -62.9% |
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 25 October 2026 via checked.be.