PHYTOCAP: what changed
Two fiscal 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.
PHYTOCAP
Largest movements
- Stocks and contracts -€11,467
down €11,467 (-44.8%), from €25,599 to €14,132
- Tangible fixed assets -€4,813
down €4,813 (-34.3%), from €14,043 to €9,230
of which Furniture and vehicles: -€3,708
- Cash +€2,120
up €2,120 (+93.2%), from €2,276 to €4,396
mainly Net result for the year (+€13,540) and Stocks and contracts (+€11,467)
- Intangible fixed assets +€1,050
new in 2025: €1,050
- Trade debts -€24,828
down €24,828 (-63.1%), from €39,360 to €14,532
- Profit (loss) carried forward +€13,540
up €13,540 (+68.5%), from -€19,754 to -€6,214
- Tax, wage and social debts -€5,374
down €5,374 (-35.4%), from €15,174 to €9,800
of which Taxes: -€5,577
- Other debts +€4,185
new in 2025: €4,185
- Gross operating margin -€9,632
down €9,632 (-11.4%), from €84,325 to €74,693
- Taxes -€3,948
down €3,948 (-61.7%), from €6,400 to €2,452
- Financial charges -€1,263
down €1,263 (-21.3%), from €5,929 to €4,666
- Staff costs +€1,239
up €1,239 (+2.5%), from €49,654 to €50,893
- Other operating charges -€917
down €917 (-38.9%), from €2,357 to €1,440
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.
Cash bridge derived
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 | €55,240 | €42,763 | -€12,477 | -22.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €15,558 | €11,795 | -€3,763 | -24.2% |
| Intangible fixed assets | 21 | - | €1,050 | +€1,050 | |
| Tangible fixed assets | 22/27 | €14,043 | €9,230 | -€4,813 | -34.3% |
| Plant, machinery and equipment | 23 | €2,424 | €1,319 | -€1,105 | -45.6% |
| Furniture and vehicles | 24 | €11,619 | €7,911 | -€3,708 | -31.9% |
| Financial fixed assets | 28 | €1,515 | €1,515 | = | 0.0% |
| Current assets | 29/58 | €39,682 | €30,968 | -€8,714 | -22.0% |
| Stocks and contracts in progress | 3 | €25,599 | €14,132 | -€11,467 | -44.8% |
| Stocks | 30/36 | €25,599 | €14,132 | -€11,467 | -44.8% |
| Amounts receivable within one year | 40/41 | €9,332 | €9,766 | +€434 | +4.7% |
| Trade receivables | 40 | €4,554 | €9,766 | +€5,212 | +114.4% |
| Other amounts receivable | 41 | €4,778 | - | -€4,778 | |
| Cash at bank and in hand | 54/58 | €2,276 | €4,396 | +€2,120 | +93.2% |
| Deferred charges and accrued income | 490/1 | €2,475 | €2,674 | +€199 | +8.0% |
| Total equity and liabilities | 10/49 | €55,240 | €42,763 | -€12,477 | -22.6% |
| Equity | 10/15 | €706 | €14,246 | +€13,540 | +1917.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,754 | -€6,214 | +€13,540 | +68.5% |
| Amounts payable | 17/49 | €54,534 | €28,517 | -€26,017 | -47.7% |
| Amounts payable within one year | 42/48 | €54,534 | €28,517 | -€26,017 | -47.7% |
| Trade debts | 44 | €39,360 | €14,532 | -€24,828 | -63.1% |
| Suppliers | 440/4 | €39,360 | €14,532 | -€24,828 | -63.1% |
| Taxes, remuneration and social security | 45 | €15,174 | €9,800 | -€5,374 | -35.4% |
| Taxes | 450/3 | €9,143 | €3,566 | -€5,577 | -61.0% |
| Remuneration and social security | 454/9 | €6,031 | €6,234 | +€203 | +3.4% |
| Other amounts payable | 47/48 | - | €4,185 | +€4,185 | |
| Remuneration, social security and pensions | 62 | €49,654 | €50,893 | +€1,239 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,954 | €4,813 | -€141 | -2.8% |
| Other operating charges | 640/8 | €2,357 | €1,440 | -€917 | -38.9% |
| Gross operating margin | 9900 | €84,325 | €74,693 | -€9,632 | -11.4% |
| Operating profit (loss) | 9901 | €27,360 | €17,547 | -€9,813 | -35.9% |
| Financial income | 75/76B | €3,072 | €3,110 | +€38 | +1.2% |
| Recurring financial income | 75 | €3,072 | €3,110 | +€38 | +1.2% |
| Financial charges | 65/66B | €5,929 | €4,666 | -€1,263 | -21.3% |
| Recurring financial charges | 65 | €5,929 | €4,666 | -€1,263 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €24,503 | €15,992 | -€8,511 | -34.7% |
| Income taxes | 67/77 | €6,400 | €2,452 | -€3,948 | -61.7% |
| Profit (loss) for the period | 9904 | €18,103 | €13,540 | -€4,563 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,103 | €13,540 | -€4,563 | -25.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.