Phoenix Construct: what changed
Phoenix Construct
Largest movements
- Stocks and contracts +€82,075
up €82,075 (+48.8%), from €168,021 to €250,096
- Receivables within one year -€20,299
down €20,299 (-80.5%), from €25,227 to €4,928
of which Other amounts receivable: -€20,299
- Cash -€3,804
down €3,804 (-71.1%), from €5,348 to €1,543
mainly Stocks and contracts (-€82,075) and Net result for the year (-€28,806)
- Short-term financial debts +€50,829
up €50,829 (+54.0%), from €94,172 to €145,000
- Other debts +€32,068
up €32,068 (+9.0%), from €357,098 to €389,166
- Profit (loss) carried forward -€28,806
down €28,806 (-10.2%), from -€281,119 to -€309,924
- Trade debts +€5,888
up €5,888 (+90.5%), from €6,504 to €12,392
- Gross operating margin +€59,853
up €59,853 (+77.8%), from -€76,916 to -€17,063
- Financial charges -€6,305
down €6,305 (-28.2%), from €22,394 to €16,090
- Financial income +€3,663
up €3,663 (+111%), from €3,289 to €6,952
- Other operating charges +€2,136
up €2,136 (+455%), from €470 to €2,605
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,661 | €256,634 | +€57,973 | +29.2% |
| Current assets | 29/58 | €198,661 | €256,634 | +€57,973 | +29.2% |
| Stocks and contracts in progress | 3 | €168,021 | €250,096 | +€82,075 | +48.8% |
| Contracts in progress | 37 | €168,021 | €250,096 | +€82,075 | +48.8% |
| Amounts receivable within one year | 40/41 | €25,227 | €4,928 | -€20,299 | -80.5% |
| Trade receivables | 40 | €3,593 | €3,593 | = | 0.0% |
| Other amounts receivable | 41 | €21,634 | €1,335 | -€20,299 | -93.8% |
| Cash at bank and in hand | 54/58 | €5,348 | €1,543 | -€3,804 | -71.1% |
| Deferred charges and accrued income | 490/1 | €65 | €66 | +€1 | +1.4% |
| Total equity and liabilities | 10/49 | €198,661 | €256,634 | +€57,973 | +29.2% |
| Equity | 10/15 | -€261,119 | -€289,924 | -€28,806 | -11.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€281,119 | -€309,924 | -€28,806 | -10.2% |
| Amounts payable | 17/49 | €459,779 | €546,558 | +€86,779 | +18.9% |
| Amounts payable within one year | 42/48 | €459,779 | €546,558 | +€86,779 | +18.9% |
| Financial debts | 43 | €94,172 | €145,000 | +€50,829 | +54.0% |
| Credit institutions | 430/8 | €94,172 | €145,000 | +€50,829 | +54.0% |
| Trade debts | 44 | €6,504 | €12,392 | +€5,888 | +90.5% |
| Suppliers | 440/4 | €6,504 | €12,392 | +€5,888 | +90.5% |
| Taxes, remuneration and social security | 45 | €2,005 | - | -€2,005 | |
| Taxes | 450/3 | €2,005 | - | -€2,005 | |
| Other amounts payable | 47/48 | €357,098 | €389,166 | +€32,068 | +9.0% |
| Other operating charges | 640/8 | €470 | €2,605 | +€2,136 | +455% |
| Gross operating margin | 9900 | -€76,916 | -€17,063 | +€59,853 | +77.8% |
| Operating profit (loss) | 9901 | -€77,386 | -€19,668 | +€57,717 | +74.6% |
| Financial income | 75/76B | €3,289 | €6,952 | +€3,663 | +111% |
| Recurring financial income | 75 | €3,289 | €6,952 | +€3,663 | +111% |
| Financial charges | 65/66B | €22,394 | €16,090 | -€6,305 | -28.2% |
| Recurring financial charges | 65 | €22,394 | €16,090 | -€6,305 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€96,491 | -€28,806 | +€67,685 | +70.1% |
| Profit (loss) for the period | 9904 | -€96,491 | -€28,806 | +€67,685 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,491 | -€28,806 | +€67,685 | +70.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.