GANBARU 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.
GANBARU PHYSIO
Largest movements
- Cash +€32,675
up €32,675 (+89.3%), from €36,599 to €69,274
mainly Net result for the year (+€26,995) and Tax, wage and social debts (+€2,647)
- Deferred charges and accrued income +€1,800
new in 2025: €1,800
- Reserves +€26,995
up €26,995 (+74.7%), from €36,117 to €63,112
- Tax, wage and social debts +€2,647
up €2,647 (+50.0%), from €5,297 to €7,944
- Trade debts +€2,528
up €2,528 (+1610.2%), from €157 to €2,685
- Current portion of long-term debt +€2,383
new in 2025: €2,383
- Gross operating margin +€17,071
up €17,071 (+83.3%), from €20,491 to €37,562
- Taxes +€4,352
up €4,352 (+82.2%), from €5,296 to €9,648
- Financial charges +€398
up €398 (+865.2%), from €46 to €444
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 | €44,571 | €79,124 | +€34,553 | +77.5% |
| Current assets | 29/58 | €44,571 | €79,124 | +€34,553 | +77.5% |
| Amounts receivable within one year | 40/41 | €7,972 | €8,050 | +€78 | +1.0% |
| Other amounts receivable | 41 | €7,972 | €8,050 | +€78 | +1.0% |
| Cash at bank and in hand | 54/58 | €36,599 | €69,274 | +€32,675 | +89.3% |
| Deferred charges and accrued income | 490/1 | - | €1,800 | +€1,800 | |
| Total equity and liabilities | 10/49 | €44,571 | €79,124 | +€34,553 | +77.5% |
| Equity | 10/15 | €39,117 | €66,112 | +€26,995 | +69.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,117 | €63,112 | +€26,995 | +74.7% |
| Distributable reserves | 133 | €36,117 | €63,112 | +€26,995 | +74.7% |
| Amounts payable | 17/49 | €5,454 | €13,012 | +€7,558 | +138.6% |
| Amounts payable within one year | 42/48 | €5,454 | €13,012 | +€7,558 | +138.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,383 | +€2,383 | |
| Trade debts | 44 | €157 | €2,685 | +€2,528 | +1610.2% |
| Suppliers | 440/4 | €157 | €2,685 | +€2,528 | +1610.2% |
| Taxes, remuneration and social security | 45 | €5,297 | €7,944 | +€2,647 | +50.0% |
| Taxes | 450/3 | €5,297 | €7,944 | +€2,647 | +50.0% |
| Other operating charges | 640/8 | €893 | €915 | +€22 | +2.5% |
| Gross operating margin | 9900 | €20,491 | €37,562 | +€17,071 | +83.3% |
| Operating profit (loss) | 9901 | €19,598 | €36,647 | +€17,049 | +87.0% |
| Financial income | 75/76B | €441 | €440 | -€1 | -0.2% |
| Recurring financial income | 75 | €441 | €440 | -€1 | -0.2% |
| Financial charges | 65/66B | €46 | €444 | +€398 | +865.2% |
| Recurring financial charges | 65 | €46 | €444 | +€398 | +865.2% |
| Profit (loss) for the period before taxes | 9903 | €19,993 | €36,643 | +€16,650 | +83.3% |
| Income taxes | 67/77 | €5,296 | €9,648 | +€4,352 | +82.2% |
| Profit (loss) for the period | 9904 | €14,697 | €26,995 | +€12,298 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,697 | €26,995 | +€12,298 | +83.7% |
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 10 October 2026 via checked.be.