Phyto Mahieu: 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.
What changed
Phyto Mahieu
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€270,632
2023 · €323,537-€52,906
Equity
€3.1m
2023 · €2.8m+€270,632
Cash
€52,691
2023 · €55,366-€2,675
Balance sheet total
€4.0m
2023 · €3.8m+€208,415
Largest movements
Assets
- Tangible fixed assets +€177,789
up €177,789 (+6.2%), from €2.9m to €3.1m
of which Land and buildings: +€132,072
Equity and liabilities
- Reserves +€270,632
up €270,632 (+11.0%), from €2.5m to €2.7m
of which Distributable reserves: +€206,026
- Debts after one year -€148,000
down €148,000 (-25.7%), from €575,000 to €427,000
- Tax, wage and social debts +€70,564
up €70,564 (+66.3%), from €106,488 to €177,052
of which Taxes: +€72,064
Income statement
- Gross operating margin -€85,576
down €85,576 (-10.8%), from €788,845 to €703,269
- Taxes -€55,153
down €55,153 (-46.2%), from €119,360 to €64,207
From the 2023 result to the 2024 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.
Result 2023
€323,537
Gross operating margin
-€85,576
Staff costs
-€4,580
Depreciation
-€7,280
Other operating charges
+€6,101
Financial income
+€2,660
Financial charges
+€2,152
Taxes
+€55,153
Deferred taxes and other
-€21,535
Result 2024
€270,632
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€577,941
Investment
-€432,616
Financing
-€148,000
Cash 2023
€55,366
From operations (derived)
+€577,941
Net result for the year
+€270,632
Depreciation
+€254,827
Stocks and contracts
-€11,000
Receivables within one year
-€26,301
Deferred charges and accrued income
+€4,000
Provisions
+€21,535
Trade debts
-€17,125
Tax, wage and social debts
+€70,564
Other debts
+€22,210
Accrued charges and deferred income
-€11,400
Investment (derived)
-€432,616
Investment in fixed assets (net)
-€432,616
Financing
-€148,000
Debts after one year
-€148,000
Cash 2024
€52,691
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,803,568 | €4,011,983 | +€208,415 | +5.5% |
| Fixed assets | 21/28 | €2,876,089 | €3,053,878 | +€177,789 | +6.2% |
| Tangible fixed assets | 22/27 | €2,874,517 | €3,052,306 | +€177,789 | +6.2% |
| Land and buildings | 22 | €2,781,025 | €2,913,097 | +€132,072 | +4.7% |
| Plant, machinery and equipment | 23 | €31,392 | €28,692 | -€2,700 | -8.6% |
| Furniture and vehicles | 24 | €42,765 | €96,140 | +€53,375 | +125% |
| Leasing and similar rights | 25 | €19,336 | €14,378 | -€4,958 | -25.6% |
| Financial fixed assets | 28 | €1,572 | €1,572 | = | 0.0% |
| Current assets | 29/58 | €927,479 | €958,105 | +€30,626 | +3.3% |
| Stocks and contracts in progress | 3 | €236,000 | €247,000 | +€11,000 | +4.7% |
| Stocks | 30/36 | €236,000 | €247,000 | +€11,000 | +4.7% |
| Amounts receivable within one year | 40/41 | €632,114 | €658,415 | +€26,301 | +4.2% |
| Trade receivables | 40 | €384,180 | €310,924 | -€73,255 | -19.1% |
| Other amounts receivable | 41 | €247,934 | €347,490 | +€99,556 | +40.2% |
| Cash at bank and in hand | 54/58 | €55,366 | €52,691 | -€2,675 | -4.8% |
| Deferred charges and accrued income | 490/1 | €4,000 | - | -€4,000 | |
| Total equity and liabilities | 10/49 | €3,803,568 | €4,011,983 | +€208,415 | +5.5% |
| Equity | 10/15 | €2,831,320 | €3,101,951 | +€270,632 | +9.6% |
| Contributions | 10/11 | €376,500 | €376,500 | = | 0.0% |
| Capital | 10 | €376,500 | €376,500 | = | 0.0% |
| Issued capital | 100 | €376,500 | €376,500 | = | 0.0% |
| Reserves | 13 | €2,454,820 | €2,725,451 | +€270,632 | +11.0% |
| Non-distributable reserves | 130/1 | €37,650 | €37,650 | = | 0.0% |
| Legal reserve | 130 | €37,650 | €37,650 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €64,606 | +€64,606 | |
| Distributable reserves | 133 | €2,417,170 | €2,623,195 | +€206,026 | +8.5% |
| Provisions and deferred taxes | 16 | - | €21,535 | +€21,535 | |
| Deferred taxes | 168 | - | €21,535 | +€21,535 | |
| Amounts payable | 17/49 | €972,249 | €888,497 | -€83,752 | -8.6% |
| Amounts payable after more than one year | 17 | €575,000 | €427,000 | -€148,000 | -25.7% |
| Financial debts | 170/4 | €575,000 | €427,000 | -€148,000 | -25.7% |
| Amounts payable within one year | 42/48 | €385,848 | €461,496 | +€75,649 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €148,000 | €148,000 | = | 0.0% |
| Trade debts | 44 | €97,178 | €80,053 | -€17,125 | -17.6% |
| Suppliers | 440/4 | €97,178 | €80,053 | -€17,125 | -17.6% |
| Taxes, remuneration and social security | 45 | €106,488 | €177,052 | +€70,564 | +66.3% |
| Taxes | 450/3 | €98,938 | €171,002 | +€72,064 | +72.8% |
| Remuneration and social security | 454/9 | €7,551 | €6,050 | -€1,501 | -19.9% |
| Other amounts payable | 47/48 | €34,182 | €56,392 | +€22,210 | +65.0% |
| Accrued charges and deferred income | 492/3 | €11,400 | - | -€11,400 | |
| Non-recurring operating income | 76A | €6,250 | €86,650 | +€80,400 | +1,286% |
| Remuneration, social security and pensions | 62 | €62,543 | €67,123 | +€4,580 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,547 | €254,827 | +€7,280 | +2.9% |
| Other operating charges | 640/8 | €25,818 | €19,717 | -€6,101 | -23.6% |
| Gross operating margin | 9900 | €788,845 | €703,269 | -€85,576 | -10.8% |
| Operating profit (loss) | 9901 | €452,937 | €361,603 | -€91,335 | -20.2% |
| Financial income | 75/76B | €696 | €3,356 | +€2,660 | +382% |
| Recurring financial income | 75 | €696 | €3,356 | +€2,660 | +382% |
| Financial charges | 65/66B | €10,736 | €8,584 | -€2,152 | -20.0% |
| Recurring financial charges | 65 | €10,736 | €8,584 | -€2,152 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €442,898 | €356,374 | -€86,523 | -19.5% |
| Transfer from deferred taxes | 780 | - | €127 | +€127 | |
| Transfer to deferred taxes | 680 | - | €21,663 | +€21,663 | |
| Income taxes | 67/77 | €119,360 | €64,207 | -€55,153 | -46.2% |
| Profit (loss) for the period | 9904 | €323,537 | €270,632 | -€52,906 | -16.4% |
| Transfer from tax-exempt reserves | 789 | - | €382 | +€382 | |
| Transfer to tax-exempt reserves | 689 | - | €64,988 | +€64,988 | |
| Profit (loss) for the period to be appropriated | 9905 | €323,537 | €206,026 | -€117,512 | -36.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.