Phytovet: 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.
Phytovet
Largest movements
- Receivables within one year +€263,674
up €263,674 (+136%), from €193,378 to €457,052
of which Other amounts receivable: +€267,375
- Cash -€135,899
down €135,899 (-56.0%), from €242,830 to €106,931
mainly Receivables within one year (-€263,674) and Deferred charges and accrued income (-€91,833)
- Deferred charges and accrued income +€91,833
up €91,833 (+831%), from €11,052 to €102,885
- Tangible fixed assets -€58,505
down €58,505 (-17.9%), from €327,681 to €269,176
of which Furniture and vehicles: -€40,801
- Stocks and contracts +€52,248
up €52,248 (+20.0%), from €261,652 to €313,900
- Trade debts +€173,312
up €173,312 (+350%), from €49,454 to €222,766
- Current portion of long-term debt +€84,154
up €84,154 (+65.2%), from €129,131 to €213,284
- Reserves +€60,058
up €60,058 (+12.9%), from €465,870 to €525,928
of which Distributable reserves: +€60,058
- Debts after one year -€55,982
down €55,982 (-24.4%), from €229,216 to €173,234
- Short-term financial debts -€33,051
down €33,051 (-82.6%), from €40,000 to €6,949
- Gross operating margin -€138,387
down €138,387 (-32.9%), from €421,156 to €282,769
- Staff costs -€63,948
down €63,948 (-36.5%), from €175,101 to €111,153
- Taxes -€22,447
down €22,447 (-58.3%), from €38,508 to €16,061
- Depreciation -€13,480
down €13,480 (-15.4%), from €87,432 to €73,952
- Other operating charges +€4,523
up €4,523 (+133%), from €3,398 to €7,921
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 | €1,116,276 | €1,320,893 | +€204,616 | +18.3% |
| Fixed assets | 21/28 | €394,393 | €328,173 | -€66,220 | -16.8% |
| Intangible fixed assets | 21 | €66,712 | €51,598 | -€15,114 | -22.7% |
| Tangible fixed assets | 22/27 | €327,681 | €269,176 | -€58,505 | -17.9% |
| Land and buildings | 22 | €184,281 | €172,699 | -€11,582 | -6.3% |
| Plant, machinery and equipment | 23 | €27,687 | €21,564 | -€6,122 | -22.1% |
| Furniture and vehicles | 24 | €115,713 | €74,912 | -€40,801 | -35.3% |
| Financial fixed assets | 28 | - | €7,400 | +€7,400 | |
| Current assets | 29/58 | €721,883 | €992,720 | +€270,836 | +37.5% |
| Amounts receivable after more than one year | 29 | €10,468 | €9,448 | -€1,020 | -9.7% |
| Other amounts receivable | 291 | €10,468 | €9,448 | -€1,020 | -9.7% |
| Stocks and contracts in progress | 3 | €261,652 | €313,900 | +€52,248 | +20.0% |
| Stocks | 30/36 | €261,652 | €313,900 | +€52,248 | +20.0% |
| Amounts receivable within one year | 40/41 | €193,378 | €457,052 | +€263,674 | +136% |
| Trade receivables | 40 | €152,436 | €148,734 | -€3,701 | -2.4% |
| Other amounts receivable | 41 | €40,943 | €308,317 | +€267,375 | +653% |
| Current investments | 50/53 | €2,503 | €2,503 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €242,830 | €106,931 | -€135,899 | -56.0% |
| Deferred charges and accrued income | 490/1 | €11,052 | €102,885 | +€91,833 | +831% |
| Total equity and liabilities | 10/49 | €1,116,276 | €1,320,893 | +€204,616 | +18.3% |
| Equity | 10/15 | €472,070 | €532,128 | +€60,058 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €465,870 | €525,928 | +€60,058 | +12.9% |
| Tax-exempt reserves | 132 | €70,023 | €70,023 | = | 0.0% |
| Distributable reserves | 133 | €395,847 | €455,905 | +€60,058 | +15.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €644,207 | €788,765 | +€144,559 | +22.4% |
| Amounts payable after more than one year | 17 | €229,216 | €173,234 | -€55,982 | -24.4% |
| Financial debts | 170/4 | €229,216 | €173,234 | -€55,982 | -24.4% |
| Amounts payable within one year | 42/48 | €414,977 | €611,305 | +€196,328 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €129,131 | €213,284 | +€84,154 | +65.2% |
| Financial debts | 43 | €40,000 | €6,949 | -€33,051 | -82.6% |
| Credit institutions | 430/8 | €40,000 | €6,949 | -€33,051 | -82.6% |
| Trade debts | 44 | €49,454 | €222,766 | +€173,312 | +350% |
| Suppliers | 440/4 | €49,454 | €222,766 | +€173,312 | +350% |
| Taxes, remuneration and social security | 45 | €31,237 | €16,855 | -€14,382 | -46.0% |
| Taxes | 450/3 | €11,152 | €0 | -€11,152 | -100% |
| Remuneration and social security | 454/9 | €20,085 | €16,855 | -€3,230 | -16.1% |
| Other amounts payable | 47/48 | €165,156 | €151,451 | -€13,705 | -8.3% |
| Accrued charges and deferred income | 492/3 | €14 | €4,226 | +€4,212 | +31,157% |
| Non-recurring operating income | 76A | €0 | €23,481 | +€23,481 | |
| Remuneration, social security and pensions | 62 | €175,101 | €111,153 | -€63,948 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,432 | €73,952 | -€13,480 | -15.4% |
| Other operating charges | 640/8 | €3,398 | €7,921 | +€4,523 | +133% |
| Non-recurring operating charges | 66A | €6,328 | €0 | -€6,328 | -100% |
| Gross operating margin | 9900 | €421,156 | €282,769 | -€138,387 | -32.9% |
| Operating profit (loss) | 9901 | €148,897 | €89,743 | -€59,154 | -39.7% |
| Financial income | 75/76B | €1,709 | €973 | -€736 | -43.1% |
| Recurring financial income | 75 | €1,709 | €973 | -€736 | -43.1% |
| Financial charges | 65/66B | €16,562 | €14,597 | -€1,965 | -11.9% |
| Recurring financial charges | 65 | €16,562 | €14,597 | -€1,965 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €134,044 | €76,119 | -€57,925 | -43.2% |
| Income taxes | 67/77 | €38,508 | €16,061 | -€22,447 | -58.3% |
| Profit (loss) for the period | 9904 | €95,536 | €60,058 | -€35,478 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,536 | €60,058 | -€35,478 | -37.1% |
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 16 October 2026 via checked.be.