MGPHYSIO: 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.
MGPHYSIO
Largest movements
- Cash +€14,103
up €14,103 (+101.5%), from €13,890 to €27,993
mainly Net result for the year (+€8,164) and Deferred charges and accrued income (+€4,357)
- Deferred charges and accrued income -€4,357
down €4,357 (-92.1%), from €4,730 to €373
- Tangible fixed assets -€400
down €400 (-44.0%), from €909 to €509
- Reserves +€8,164
new in 2025: €8,164
- Tax, wage and social debts +€2,914
up €2,914 (+69.4%), from €4,200 to €7,114
- Other debts -€1,384
down €1,384 (-47.1%), from €2,939 to €1,555
- Trade debts -€349
down €349 (-56.3%), from €620 to €271
- Gross operating margin +€4,151
up €4,151 (+40.8%), from €10,164 to €14,314
- Taxes +€2,352
up €2,352 (+98.8%), from €2,381 to €4,733
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 | €19,529 | €28,875 | +€9,346 | +47.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €909 | €509 | -€400 | -44.0% |
| Tangible fixed assets | 22/27 | €909 | €509 | -€400 | -44.0% |
| Furniture and vehicles | 24 | €909 | €509 | -€400 | -44.0% |
| Current assets | 29/58 | €18,620 | €28,366 | +€9,746 | +52.3% |
| Cash at bank and in hand | 54/58 | €13,890 | €27,993 | +€14,103 | +101.5% |
| Deferred charges and accrued income | 490/1 | €4,730 | €373 | -€4,357 | -92.1% |
| Total equity and liabilities | 10/49 | €19,529 | €28,875 | +€9,346 | +47.9% |
| Equity | 10/15 | €11,771 | €19,935 | +€8,164 | +69.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €8,164 | +€8,164 | |
| Distributable reserves | 133 | - | €8,164 | +€8,164 | |
| Profit (loss) carried forward | 14 | €11,271 | €11,271 | = | 0.0% |
| Amounts payable | 17/49 | €7,758 | €8,940 | +€1,182 | +15.2% |
| Amounts payable within one year | 42/48 | €7,758 | €8,940 | +€1,182 | +15.2% |
| Trade debts | 44 | €620 | €271 | -€349 | -56.3% |
| Suppliers | 440/4 | €620 | €271 | -€349 | -56.3% |
| Taxes, remuneration and social security | 45 | €4,200 | €7,114 | +€2,914 | +69.4% |
| Taxes | 450/3 | €4,200 | €7,114 | +€2,914 | +69.4% |
| Other amounts payable | 47/48 | €2,939 | €1,555 | -€1,384 | -47.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291 | €400 | +€109 | +37.6% |
| Other operating charges | 640/8 | €250 | €156 | -€93 | -37.3% |
| Gross operating margin | 9900 | €10,164 | €14,314 | +€4,151 | +40.8% |
| Operating profit (loss) | 9901 | €9,623 | €13,758 | +€4,135 | +43.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €728 | €861 | +€134 | +18.4% |
| Recurring financial charges | 65 | €728 | €861 | +€134 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €8,896 | €12,897 | +€4,001 | +45.0% |
| Income taxes | 67/77 | €2,381 | €4,733 | +€2,352 | +98.8% |
| Profit (loss) for the period | 9904 | €6,514 | €8,164 | +€1,649 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,514 | €8,164 | +€1,649 | +25.3% |
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 6 October 2026 via checked.be.