AR Physio: 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.
AR Physio
Largest movements
- Receivables within one year +€17,581
up €17,581 (+213%), from €8,255 to €25,836
of which Other amounts receivable: +€18,212
- Cash -€13,682
down €13,682 (-57.1%), from €23,971 to €10,289
mainly Receivables within one year (-€17,581) and Current portion of long-term debt (-€3,606)
- Tangible fixed assets -€3,973
down €3,973 (-40.1%), from €9,911 to €5,938
of which Furniture and vehicles: -€3,561
- Current portion of long-term debt -€3,606
down €3,606 (-74.2%), from €4,861 to €1,255
- Accrued charges and deferred income +€2,834
new in 2025: €2,834
- Tax, wage and social debts +€1,605
up €1,605 (+70.8%), from €2,266 to €3,871
of which Taxes: +€1,205
- Reserves +€1,479
up €1,479 (+5.1%), from €29,000 to €30,479
- Debts after one year -€1,255
no longer reported in 2025 (was €1,255)
- Gross operating margin -€38,936
down €38,936 (-81.8%), from €47,619 to €8,683
- Taxes -€9,995
down €9,995 (-83.5%), from €11,966 to €1,971
- Financial income +€648
new in 2025: €648
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 | €42,773 | €42,307 | -€466 | -1.1% |
| Fixed assets | 21/28 | €10,311 | €5,938 | -€4,372 | -42.4% |
| Intangible fixed assets | 21 | €399 | €0 | -€399 | -100% |
| Tangible fixed assets | 22/27 | €9,911 | €5,938 | -€3,973 | -40.1% |
| Plant, machinery and equipment | 23 | €2,026 | €1,614 | -€412 | -20.3% |
| Furniture and vehicles | 24 | €7,886 | €4,324 | -€3,561 | -45.2% |
| Current assets | 29/58 | €32,463 | €36,369 | +€3,906 | +12.0% |
| Amounts receivable within one year | 40/41 | €8,255 | €25,836 | +€17,581 | +213% |
| Trade receivables | 40 | €8,255 | €7,624 | -€631 | -7.6% |
| Other amounts receivable | 41 | - | €18,212 | +€18,212 | |
| Cash at bank and in hand | 54/58 | €23,971 | €10,289 | -€13,682 | -57.1% |
| Deferred charges and accrued income | 490/1 | €237 | €244 | +€7 | +2.9% |
| Total equity and liabilities | 10/49 | €42,773 | €42,307 | -€466 | -1.1% |
| Equity | 10/15 | €31,527 | €33,006 | +€1,479 | +4.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €30,479 | +€1,479 | +5.1% |
| Distributable reserves | 133 | €29,000 | €30,479 | +€1,479 | +5.1% |
| Profit (loss) carried forward | 14 | €527 | €527 | = | 0.0% |
| Amounts payable | 17/49 | €11,246 | €9,301 | -€1,945 | -17.3% |
| Amounts payable after more than one year | 17 | €1,255 | - | -€1,255 | |
| Financial debts | 170/4 | €1,255 | - | -€1,255 | |
| Amounts payable within one year | 42/48 | €9,991 | €6,468 | -€3,523 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €4,861 | €1,255 | -€3,606 | -74.2% |
| Trade debts | 44 | €1,711 | €483 | -€1,229 | -71.8% |
| Suppliers | 440/4 | €1,711 | €483 | -€1,229 | -71.8% |
| Taxes, remuneration and social security | 45 | €2,266 | €3,871 | +€1,605 | +70.8% |
| Taxes | 450/3 | €1,166 | €2,371 | +€1,205 | +103% |
| Remuneration and social security | 454/9 | €1,100 | €1,500 | +€400 | +36.4% |
| Other amounts payable | 47/48 | €1,153 | €859 | -€294 | -25.5% |
| Accrued charges and deferred income | 492/3 | - | €2,834 | +€2,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,576 | €4,372 | -€204 | -4.5% |
| Other operating charges | 640/8 | €402 | €352 | -€50 | -12.5% |
| Gross operating margin | 9900 | €47,619 | €8,683 | -€38,936 | -81.8% |
| Operating profit (loss) | 9901 | €42,641 | €3,959 | -€38,682 | -90.7% |
| Financial income | 75/76B | - | €648 | +€648 | |
| Recurring financial income | 75 | - | €648 | +€648 | |
| Financial charges | 65/66B | €315 | €299 | -€16 | -5.2% |
| Recurring financial charges | 65 | €315 | €299 | -€16 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €42,326 | €4,308 | -€38,018 | -89.8% |
| Income taxes | 67/77 | €11,966 | €1,971 | -€9,995 | -83.5% |
| Profit (loss) for the period | 9904 | €30,360 | €2,338 | -€28,023 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,360 | €2,338 | -€28,023 | -92.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.