PHYTOSYSTEM: 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.
PHYTOSYSTEM
Largest movements
- Stocks and contracts -€909,487
down €909,487 (-52.2%), from €1.7m to €833,262
- Cash +€390,616
up €390,616 (+906.4%), from €43,094 to €433,710
mainly Stocks and contracts (+€909,487) and Net result for the year (+€230,981)
- Financial fixed assets +€210,000
up €210,000 (+2800.0%), from €7,500 to €217,500
- Receivables within one year -€168,392
down €168,392 (-11.1%), from €1.5m to €1.4m
of which Trade receivables: -€129,751
- Trade debts -€657,516
down €657,516 (-36.3%), from €1.8m to €1.2m
- Reserves +€230,981
up €230,981 (+27.1%), from €853,351 to €1.1m
of which Distributable reserves: +€255,981
- Short-term financial debts -€105,000
down €105,000 (-23.1%), from €455,000 to €350,000
- Staff costs +€116,361
up €116,361 (+143.8%), from €80,929 to €197,290
- Gross operating margin +€43,161
up €43,161 (+7.9%), from €544,069 to €587,230
- Financial charges -€37,252
down €37,252 (-45.7%), from €81,437 to €44,185
- Depreciation +€23,807
up €23,807 (+52.1%), from €45,708 to €69,515
- Financial income +€13,068
up €13,068 (+38.7%), from €33,806 to €46,875
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 | €3,458,532 | €2,966,091 | -€492,441 | -14.2% |
| Fixed assets | 21/28 | €137,005 | €329,616 | +€192,611 | +140.6% |
| Intangible fixed assets | 21 | €61,861 | €30,973 | -€30,888 | -49.9% |
| Tangible fixed assets | 22/27 | €67,644 | €81,143 | +€13,499 | +20.0% |
| Plant, machinery and equipment | 23 | €7,693 | €6,465 | -€1,228 | -16.0% |
| Furniture and vehicles | 24 | €47,361 | €36,585 | -€10,776 | -22.8% |
| Leasing and similar rights | 25 | - | €28,205 | +€28,205 | |
| Other tangible fixed assets | 26 | €12,590 | €9,888 | -€2,703 | -21.5% |
| Financial fixed assets | 28 | €7,500 | €217,500 | +€210,000 | +2800.0% |
| Current assets | 29/58 | €3,321,527 | €2,636,475 | -€685,052 | -20.6% |
| Stocks and contracts in progress | 3 | €1,742,748 | €833,262 | -€909,487 | -52.2% |
| Stocks | 30/36 | €1,742,748 | €833,262 | -€909,487 | -52.2% |
| Amounts receivable within one year | 40/41 | €1,519,003 | €1,350,611 | -€168,392 | -11.1% |
| Trade receivables | 40 | €1,320,165 | €1,190,414 | -€129,751 | -9.8% |
| Other amounts receivable | 41 | €198,838 | €160,197 | -€38,641 | -19.4% |
| Cash at bank and in hand | 54/58 | €43,094 | €433,710 | +€390,616 | +906.4% |
| Deferred charges and accrued income | 490/1 | €16,682 | €18,892 | +€2,210 | +13.2% |
| Total equity and liabilities | 10/49 | €3,458,532 | €2,966,091 | -€492,441 | -14.2% |
| Equity | 10/15 | €1,103,351 | €1,334,332 | +€230,981 | +20.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €853,351 | €1,084,332 | +€230,981 | +27.1% |
| Non-distributable reserves | 130/1 | €25,000 | - | -€25,000 | |
| Reserves not available under the articles | 1311 | €25,000 | - | -€25,000 | |
| Distributable reserves | 133 | €828,351 | €1,084,332 | +€255,981 | +30.9% |
| Amounts payable | 17/49 | €2,355,181 | €1,631,759 | -€723,422 | -30.7% |
| Amounts payable after more than one year | 17 | - | €18,281 | +€18,281 | |
| Financial debts | 170/4 | - | €18,281 | +€18,281 | |
| Amounts payable within one year | 42/48 | €2,338,324 | €1,608,238 | -€730,086 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €60,666 | €70,495 | +€9,829 | +16.2% |
| Financial debts | 43 | €455,000 | €350,000 | -€105,000 | -23.1% |
| Credit institutions | 430/8 | €455,000 | €350,000 | -€105,000 | -23.1% |
| Trade debts | 44 | €1,809,150 | €1,151,634 | -€657,516 | -36.3% |
| Suppliers | 440/4 | €1,809,150 | €1,151,634 | -€657,516 | -36.3% |
| Taxes, remuneration and social security | 45 | €13,508 | €36,109 | +€22,601 | +167.3% |
| Taxes | 450/3 | - | €20,673 | +€20,673 | |
| Remuneration and social security | 454/9 | €13,508 | €15,436 | +€1,928 | +14.3% |
| Accrued charges and deferred income | 492/3 | €16,857 | €5,240 | -€11,617 | -68.9% |
| Non-recurring operating income | 76A | - | €520 | +€520 | |
| Remuneration, social security and pensions | 62 | €80,929 | €197,290 | +€116,361 | +143.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,708 | €69,515 | +€23,807 | +52.1% |
| Other operating charges | 640/8 | €10,252 | €2,873 | -€7,379 | -72.0% |
| Non-recurring operating charges | 66A | €3,287 | €140 | -€3,148 | -95.8% |
| Gross operating margin | 9900 | €544,069 | €587,230 | +€43,161 | +7.9% |
| Operating profit (loss) | 9901 | €403,892 | €317,412 | -€86,481 | -21.4% |
| Financial income | 75/76B | €33,806 | €46,875 | +€13,068 | +38.7% |
| Recurring financial income | 75 | €33,806 | €46,875 | +€13,068 | +38.7% |
| Financial charges | 65/66B | €81,437 | €44,185 | -€37,252 | -45.7% |
| Recurring financial charges | 65 | €81,437 | €44,185 | -€37,252 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €356,261 | €320,101 | -€36,160 | -10.1% |
| Income taxes | 67/77 | €92,924 | €89,120 | -€3,804 | -4.1% |
| Profit (loss) for the period | 9904 | €263,337 | €230,981 | -€32,357 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €263,337 | €230,981 | -€32,357 | -12.3% |
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 5 October 2026 via checked.be.