IB Physiocare: 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.
IB Physiocare
Largest movements
- Cash +€51,857
up €51,857 (+46.5%), from €111,577 to €163,434
mainly Net result for the year (+€83,332) and Other debts (+€74,562)
- Tangible fixed assets +€30,659
up €30,659 (+2034.6%), from €1,507 to €32,166
- Receivables within one year -€5,398
down €5,398 (-17.1%), from €31,624 to €26,226
- Other debts +€74,562
up €74,562 (+52.3%), from €142,621 to €217,182
- Tax, wage and social debts +€2,560
up €2,560 (+318.9%), from €803 to €3,363
- Gross operating margin +€52,658
up €52,658 (+95.6%), from €55,062 to €107,720
- Taxes +€5,560
up €5,560 (+47.1%), from €11,803 to €17,363
- Depreciation +€4,984
up €4,984 (+2295.8%), from €217 to €5,201
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 | €144,923 | €222,104 | +€77,181 | +53.3% |
| Fixed assets | 21/28 | €1,507 | €32,166 | +€30,659 | +2034.6% |
| Tangible fixed assets | 22/27 | €1,507 | €32,166 | +€30,659 | +2034.6% |
| Furniture and vehicles | 24 | €1,507 | €32,166 | +€30,659 | +2034.6% |
| Current assets | 29/58 | €143,416 | €189,939 | +€46,522 | +32.4% |
| Amounts receivable within one year | 40/41 | €31,624 | €26,226 | -€5,398 | -17.1% |
| Trade receivables | 40 | €31,624 | €26,226 | -€5,398 | -17.1% |
| Cash at bank and in hand | 54/58 | €111,577 | €163,434 | +€51,857 | +46.5% |
| Deferred charges and accrued income | 490/1 | €215 | €279 | +€63 | +29.4% |
| Total equity and liabilities | 10/49 | €144,923 | €222,104 | +€77,181 | +53.3% |
| Equity | 10/15 | €1,500 | €1,500 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €143,423 | €220,604 | +€77,181 | +53.8% |
| Amounts payable within one year | 42/48 | €143,423 | €220,604 | +€77,181 | +53.8% |
| Trade debts | 44 | €0 | €59 | +€59 | |
| Suppliers | 440/4 | €0 | €59 | +€59 | |
| Taxes, remuneration and social security | 45 | €803 | €3,363 | +€2,560 | +318.9% |
| Taxes | 450/3 | €803 | €3,363 | +€2,560 | +318.9% |
| Other amounts payable | 47/48 | €142,621 | €217,182 | +€74,562 | +52.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217 | €5,201 | +€4,984 | +2295.8% |
| Other operating charges | 640/8 | €774 | €1,625 | +€851 | +109.9% |
| Gross operating margin | 9900 | €55,062 | €107,720 | +€52,658 | +95.6% |
| Operating profit (loss) | 9901 | €54,071 | €100,894 | +€46,823 | +86.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €233 | €199 | -€34 | -14.6% |
| Recurring financial charges | 65 | €233 | €199 | -€34 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €53,838 | €100,695 | +€46,857 | +87.0% |
| Income taxes | 67/77 | €11,803 | €17,363 | +€5,560 | +47.1% |
| Profit (loss) for the period | 9904 | €42,035 | €83,332 | +€41,297 | +98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,035 | €83,332 | +€41,297 | +98.2% |
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 4 October 2026 via checked.be.