MS PHYSIOMED: 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.
MS PHYSIOMED
Largest movements
- Tangible fixed assets +€26,333
up €26,333 (+1,909%), from €1,379 to €27,712
of which Furniture and vehicles: +€25,056
- Cash +€3,258
up €3,258 (+57.0%), from €5,716 to €8,974
mainly Net result for the year (+€16,931) and Other debts (+€15,697)
- Receivables within one year -€3,177
no longer reported in 2025 (was €3,177)
- Deferred charges and accrued income +€408
new in 2025: €408
- Other debts +€15,697
new in 2025: €15,697
- Trade debts +€10,729
up €10,729 (+937%), from €1,146 to €11,875
- Tax, wage and social debts +€4,646
up €4,646 (+248%), from €1,875 to €6,521
- Profit (loss) carried forward -€3,069
down €3,069 (-75.5%), from €4,062 to €993
- Short-term financial debts -€1,186
down €1,186 (-99.5%), from €1,193 to €6
- Gross operating margin +€11,261
up €11,261 (+61.9%), from €18,199 to €29,460
- Taxes +€4,596
up €4,596 (+245%), from €1,875 to €6,471
- Depreciation +€2,850
up €2,850 (+430%), from €663 to €3,512
- Financial charges -€1,308
down €1,308 (-47.7%), from €2,741 to €1,433
- Other operating charges +€996
up €996 (+859%), from €116 to €1,112
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 | €10,275 | €37,093 | +€26,818 | +261% |
| Formation expenses | 20 | €3 | - | -€3 | |
| Fixed assets | 21/28 | €1,379 | €27,712 | +€26,333 | +1,909% |
| Tangible fixed assets | 22/27 | €1,379 | €27,712 | +€26,333 | +1,909% |
| Plant, machinery and equipment | 23 | - | €1,276 | +€1,276 | |
| Furniture and vehicles | 24 | €1,379 | €26,436 | +€25,056 | +1,817% |
| Current assets | 29/58 | €8,893 | €9,381 | +€489 | +5.5% |
| Amounts receivable within one year | 40/41 | €3,177 | - | -€3,177 | |
| Other amounts receivable | 41 | €3,177 | - | -€3,177 | |
| Cash at bank and in hand | 54/58 | €5,716 | €8,974 | +€3,258 | +57.0% |
| Deferred charges and accrued income | 490/1 | - | €408 | +€408 | |
| Total equity and liabilities | 10/49 | €10,275 | €37,093 | +€26,818 | +261% |
| Equity | 10/15 | €6,062 | €2,993 | -€3,069 | -50.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,062 | €993 | -€3,069 | -75.5% |
| Amounts payable | 17/49 | €4,213 | €34,100 | +€29,887 | +709% |
| Amounts payable within one year | 42/48 | €4,213 | €34,100 | +€29,887 | +709% |
| Financial debts | 43 | €1,193 | €6 | -€1,186 | -99.5% |
| Credit institutions | 430/8 | €1,193 | €6 | -€1,186 | -99.5% |
| Trade debts | 44 | €1,146 | €11,875 | +€10,729 | +937% |
| Suppliers | 440/4 | €1,146 | €11,875 | +€10,729 | +937% |
| Taxes, remuneration and social security | 45 | €1,875 | €6,521 | +€4,646 | +248% |
| Taxes | 450/3 | €1,875 | €6,521 | +€4,646 | +248% |
| Other amounts payable | 47/48 | - | €15,697 | +€15,697 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €663 | €3,512 | +€2,850 | +430% |
| Other operating charges | 640/8 | €116 | €1,112 | +€996 | +859% |
| Non-recurring operating charges | 66A | €2,026 | €0 | -€2,026 | -100% |
| Gross operating margin | 9900 | €18,199 | €29,460 | +€11,261 | +61.9% |
| Operating profit (loss) | 9901 | €15,394 | €24,835 | +€9,441 | +61.3% |
| Financial income | 75/76B | €120 | €1 | -€120 | -99.5% |
| Recurring financial income | 75 | €120 | €1 | -€120 | -99.5% |
| Financial charges | 65/66B | €2,741 | €1,433 | -€1,308 | -47.7% |
| Recurring financial charges | 65 | €2,741 | €1,433 | -€1,308 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €12,774 | €23,403 | +€10,629 | +83.2% |
| Income taxes | 67/77 | €1,875 | €6,471 | +€4,596 | +245% |
| Profit (loss) for the period | 9904 | €10,899 | €16,931 | +€6,033 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,899 | €16,931 | +€6,033 | +55.4% |
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 30 October 2026 via checked.be.