KD PhysioCare: 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.
KD PhysioCare
Largest movements
- Receivables within one year +€37,465
up €37,465, from €0 to €37,465
- Tangible fixed assets +€29,060
up €29,060 (+7.7%), from €374,984 to €404,044
of which Plant, machinery and equipment: +€15,413
- Cash +€11,585
up €11,585 (+15.9%), from €72,757 to €84,342
mainly Other debts (+€100,946) and Net result for the year (+€85,178)
- Other debts +€100,946
up €100,946 (+6,055%), from €1,667 to €102,613
- Trade debts -€38,135
down €38,135 (-82.5%), from €46,236 to €8,101
- Reserves -€35,497
down €35,497 (-22.7%), from €156,171 to €120,675
- Tax, wage and social debts +€17,601
up €17,601 (+649%), from €2,710 to €20,311
of which Taxes: +€17,601
- Short-term financial debts +€17,470
new in 2025: €17,470
- Gross operating margin +€60,029
up €60,029 (+81.7%), from €73,508 to €133,537
- Depreciation +€15,106
up €15,106 (+1,172%), from €1,289 to €16,396
- Taxes +€14,508
up €14,508 (+171%), from €8,500 to €23,008
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 | €451,027 | €528,869 | +€77,842 | +17.3% |
| Fixed assets | 21/28 | €376,856 | €405,291 | +€28,435 | +7.5% |
| Intangible fixed assets | 21 | €1,872 | €1,247 | -€625 | -33.4% |
| Tangible fixed assets | 22/27 | €374,984 | €404,044 | +€29,060 | +7.7% |
| Land and buildings | 22 | €359,719 | €361,883 | +€2,164 | +0.6% |
| Plant, machinery and equipment | 23 | €13,691 | €29,104 | +€15,413 | +113% |
| Furniture and vehicles | 24 | €1,574 | €13,057 | +€11,483 | +729% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €74,171 | €123,578 | +€49,407 | +66.6% |
| Amounts receivable within one year | 40/41 | €0 | €37,465 | +€37,465 | |
| Other amounts receivable | 41 | €0 | €37,465 | +€37,465 | |
| Cash at bank and in hand | 54/58 | €72,757 | €84,342 | +€11,585 | +15.9% |
| Deferred charges and accrued income | 490/1 | €1,414 | €1,770 | +€356 | +25.2% |
| Total equity and liabilities | 10/49 | €451,027 | €528,869 | +€77,842 | +17.3% |
| Equity | 10/15 | €162,171 | €126,675 | -€35,497 | -21.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €156,171 | €120,675 | -€35,497 | -22.7% |
| Distributable reserves | 133 | €156,171 | €120,675 | -€35,497 | -22.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €288,856 | €402,195 | +€113,338 | +39.2% |
| Amounts payable after more than one year | 17 | €222,004 | €218,047 | -€3,958 | -1.8% |
| Financial debts | 170/4 | €222,004 | €218,047 | -€3,958 | -1.8% |
| Amounts payable within one year | 42/48 | €66,852 | €169,023 | +€102,171 | +153% |
| Current portion of amounts payable after more than one year | 42 | €16,238 | €20,526 | +€4,288 | +26.4% |
| Financial debts | 43 | - | €17,470 | +€17,470 | |
| Credit institutions | 430/8 | - | €17,470 | +€17,470 | |
| Trade debts | 44 | €46,236 | €8,101 | -€38,135 | -82.5% |
| Suppliers | 440/4 | €46,236 | €8,101 | -€38,135 | -82.5% |
| Taxes, remuneration and social security | 45 | €2,710 | €20,311 | +€17,601 | +649% |
| Taxes | 450/3 | €500 | €18,101 | +€17,601 | +3,519% |
| Remuneration and social security | 454/9 | €2,210 | €2,210 | = | 0.0% |
| Other amounts payable | 47/48 | €1,667 | €102,613 | +€100,946 | +6,055% |
| Accrued charges and deferred income | 492/3 | - | €15,125 | +€15,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,289 | €16,396 | +€15,106 | +1,172% |
| Other operating charges | 640/8 | €838 | €931 | +€93 | +11.1% |
| Gross operating margin | 9900 | €73,508 | €133,537 | +€60,029 | +81.7% |
| Operating profit (loss) | 9901 | €71,380 | €116,210 | +€44,830 | +62.8% |
| Financial income | 75/76B | €103 | €0 | -€103 | -100% |
| Recurring financial income | 75 | €103 | €0 | -€103 | -100% |
| Financial charges | 65/66B | €6,872 | €8,024 | +€1,152 | +16.8% |
| Recurring financial charges | 65 | €6,872 | €8,024 | +€1,152 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €64,610 | €108,186 | +€43,575 | +67.4% |
| Income taxes | 67/77 | €8,500 | €23,008 | +€14,508 | +171% |
| Profit (loss) for the period | 9904 | €56,110 | €85,178 | +€29,068 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,110 | €85,178 | +€29,068 | +51.8% |
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.