PHOENIX PROPERTIES: 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 PROPERTIES
Largest movements
- Tangible fixed assets -€39,048
down €39,048 (-5.5%), from €705,531 to €666,483
of which Land and buildings: -€35,156
- Debts after one year -€40,929
down €40,929 (-7.1%), from €573,040 to €532,111
- Other debts +€38,973
up €38,973 (+55.3%), from €70,423 to €109,396
- Profit (loss) carried forward -€36,855
down €36,855 (-46.0%), from -€80,063 to -€116,918
- Financial charges +€2,509
up €2,509 (+18.0%), from €13,949 to €16,459
- Gross operating margin +€2,237
up €2,237 (+11.3%), from €19,773 to €22,011
- Depreciation +€439
up €439 (+1.1%), from €38,609 to €39,048
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 | €708,019 | €674,710 | -€33,309 | -4.7% |
| Fixed assets | 21/28 | €705,531 | €666,483 | -€39,048 | -5.5% |
| Tangible fixed assets | 22/27 | €705,531 | €666,483 | -€39,048 | -5.5% |
| Land and buildings | 22 | €691,241 | €656,085 | -€35,156 | -5.1% |
| Furniture and vehicles | 24 | €14,290 | €10,399 | -€3,892 | -27.2% |
| Current assets | 29/58 | €2,488 | €8,227 | +€5,739 | +231% |
| Amounts receivable within one year | 40/41 | €825 | €2,410 | +€1,586 | +192% |
| Trade receivables | 40 | €825 | €2,410 | +€1,586 | +192% |
| Cash at bank and in hand | 54/58 | €1,663 | €5,816 | +€4,153 | +250% |
| Total equity and liabilities | 10/49 | €708,019 | €674,710 | -€33,309 | -4.7% |
| Equity | 10/15 | €19,937 | -€16,918 | -€36,855 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | €100,000 | = | 0.0% |
| Share premium | 1100/10 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,063 | -€116,918 | -€36,855 | -46.0% |
| Amounts payable | 17/49 | €688,082 | €691,628 | +€3,546 | +0.5% |
| Amounts payable after more than one year | 17 | €573,040 | €532,111 | -€40,929 | -7.1% |
| Financial debts | 170/4 | €573,040 | €532,111 | -€40,929 | -7.1% |
| Amounts payable within one year | 42/48 | €115,042 | €157,335 | +€42,293 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €41,733 | €40,929 | -€804 | -1.9% |
| Trade debts | 44 | €1,224 | €5,524 | +€4,300 | +351% |
| Suppliers | 440/4 | €1,224 | €5,524 | +€4,300 | +351% |
| Taxes, remuneration and social security | 45 | €1,661 | €1,486 | -€175 | -10.5% |
| Taxes | 450/3 | €1,661 | €1,486 | -€175 | -10.5% |
| Other amounts payable | 47/48 | €70,423 | €109,396 | +€38,973 | +55.3% |
| Accrued charges and deferred income | 492/3 | - | €2,181 | +€2,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,609 | €39,048 | +€439 | +1.1% |
| Other operating charges | 640/8 | €3,144 | €3,359 | +€215 | +6.8% |
| Gross operating margin | 9900 | €19,773 | €22,011 | +€2,237 | +11.3% |
| Operating profit (loss) | 9901 | -€21,980 | -€20,396 | +€1,584 | +7.2% |
| Financial income | 75/76B | €103 | - | -€103 | |
| Recurring financial income | 75 | €103 | - | -€103 | |
| Financial charges | 65/66B | €13,949 | €16,459 | +€2,509 | +18.0% |
| Recurring financial charges | 65 | €13,949 | €16,459 | +€2,509 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,826 | -€36,855 | -€1,028 | -2.9% |
| Profit (loss) for the period | 9904 | -€35,826 | -€36,855 | -€1,028 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,826 | -€36,855 | -€1,028 | -2.9% |
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 23 October 2026 via checked.be.