PHOENIX: 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
Largest movements
- Cash -€2,788
down €2,788 (-15.1%), from €18,461 to €15,673
mainly Net result for the year (-€3,587) and Tax, wage and social debts (-€862)
- Tangible fixed assets -€638
down €638 (-44.0%), from €1,451 to €813
of which Plant, machinery and equipment: -€459
- Deferred charges and accrued income +€570
new in 2025: €570
- Contributions +€26,000
new in 2025: €26,000
- Revaluation surpluses -€26,000
no longer reported in 2025 (was €26,000)
- Profit (loss) carried forward -€3,587
down €3,587 (-87.8%), from €4,087 to €500
- Trade debts +€1,592
up €1,592 (+15,919,200%), from €0 to €1,592
- Tax, wage and social debts -€862
down €862 (-50.0%), from €1,725 to €864
of which Remuneration and social security: -€726
- Turnover +€107,285
new in 2025: €107,285
- Gross operating margin -€34,492
down €34,492 (-76.8%), from €44,884 to €10,392
- Staff costs -€10,871
down €10,871 (-47.3%), from €22,967 to €12,096
- Taxes -€2,824
no longer reported in 2025 (was €2,824)
- Depreciation -€1,103
down €1,103 (-63.3%), from €1,741 to €639
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 | €34,413 | €31,556 | -€2,857 | -8.3% |
| Fixed assets | 21/28 | €1,451 | €813 | -€638 | -44.0% |
| Tangible fixed assets | 22/27 | €1,451 | €813 | -€638 | -44.0% |
| Land and buildings | 22 | €539 | €360 | -€179 | -33.3% |
| Plant, machinery and equipment | 23 | €912 | €453 | -€459 | -50.3% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €32,961 | €30,743 | -€2,219 | -6.7% |
| Amounts receivable within one year | 40/41 | €14,500 | €14,500 | = | 0.0% |
| Trade receivables | 40 | €10,515 | €10,515 | = | 0.0% |
| Other amounts receivable | 41 | €3,985 | €3,985 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,461 | €15,673 | -€2,788 | -15.1% |
| Deferred charges and accrued income | 490/1 | - | €570 | +€570 | |
| Total equity and liabilities | 10/49 | €34,413 | €31,556 | -€2,857 | -8.3% |
| Equity | 10/15 | €32,687 | €29,100 | -€3,587 | -11.0% |
| Contributions | 10/11 | - | €26,000 | +€26,000 | |
| Revaluation surpluses | 12 | €26,000 | - | -€26,000 | |
| Reserves | 13 | €2,600 | €2,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,600 | €2,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,600 | €2,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,087 | €500 | -€3,587 | -87.8% |
| Amounts payable | 17/49 | €1,725 | €2,455 | +€730 | +42.3% |
| Amounts payable within one year | 42/48 | €1,725 | €2,455 | +€730 | +42.3% |
| Trade debts | 44 | €0 | €1,592 | +€1,592 | +15,919,200% |
| Suppliers | 440/4 | €0 | €1,592 | +€1,592 | +15,919,200% |
| Taxes, remuneration and social security | 45 | €1,725 | €864 | -€862 | -50.0% |
| Taxes | 450/3 | €135 | - | -€135 | |
| Remuneration and social security | 454/9 | €1,590 | €864 | -€726 | -45.7% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Turnover | 70 | - | €107,285 | +€107,285 | |
| Non-recurring operating income | 76A | - | €27,086 | +€27,086 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €295 | +€295 | |
| Remuneration, social security and pensions | 62 | €22,967 | €12,096 | -€10,871 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,741 | €639 | -€1,103 | -63.3% |
| Other operating charges | 640/8 | €1,494 | €1,115 | -€379 | -25.4% |
| Gross operating margin | 9900 | €44,884 | €10,392 | -€34,492 | -76.8% |
| Operating profit (loss) | 9901 | €18,682 | -€3,458 | -€22,140 | |
| Financial income | 75/76B | €94 | €1 | -€93 | -99.4% |
| Recurring financial income | 75 | €94 | €1 | -€93 | -99.4% |
| Financial charges | 65/66B | €210 | €130 | -€81 | -38.4% |
| Recurring financial charges | 65 | €210 | €130 | -€81 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €18,566 | -€3,587 | -€22,152 | |
| Income taxes | 67/77 | €2,824 | - | -€2,824 | |
| Profit (loss) for the period | 9904 | €15,741 | -€3,587 | -€19,328 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,741 | -€3,587 | -€19,328 |
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.