MVL PHYSIO: 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.
MVL PHYSIO
Largest movements
- Tangible fixed assets +€136,760
up €136,760 (+77.1%), from €177,417 to €314,177
of which Land and buildings: +€131,889
- Receivables after one year +€40,435
up €40,435 (+449.3%), from €9,000 to €49,435
of which Trade receivables: +€49,435
- Receivables within one year +€28,460
new in 2025: €28,460
- Cash -€18,069
down €18,069 (-87.6%), from €20,635 to €2,566
mainly Investment in fixed assets (net) (-€146,900) and Receivables after one year (-€40,435)
- Deferred charges and accrued income -€17,662
no longer reported in 2025 (was €17,662)
- Debts after one year +€105,287
up €105,287 (+61.7%), from €170,600 to €275,887
- Profit (loss) carried forward +€36,239
up €36,239 (+483.3%), from €7,499 to €43,738
- Trade debts +€25,198
up €25,198 (+352.4%), from €7,150 to €32,348
- Other debts -€11,273
down €11,273 (-37.0%), from €30,465 to €19,192
- Current portion of long-term debt +€9,473
new in 2025: €9,473
- Gross operating margin +€45,298
up €45,298 (+131.2%), from €34,522 to €79,820
- Depreciation +€9,764
up €9,764 (+2596.8%), from €376 to €10,140
- Taxes +€8,092
up €8,092 (+404.6%), from €2,000 to €10,092
- Other operating charges -€7,396
down €7,396 (-29.8%), from €24,821 to €17,425
- Financial charges +€7,357
up €7,357 (+14425.5%), from €51 to €7,408
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 | €224,714 | €394,638 | +€169,924 | +75.6% |
| Fixed assets | 21/28 | €177,417 | €314,177 | +€136,760 | +77.1% |
| Tangible fixed assets | 22/27 | €177,417 | €314,177 | +€136,760 | +77.1% |
| Land and buildings | 22 | €177,417 | €309,306 | +€131,889 | +74.3% |
| Furniture and vehicles | 24 | - | €4,871 | +€4,871 | |
| Current assets | 29/58 | €47,297 | €80,461 | +€33,164 | +70.1% |
| Amounts receivable after more than one year | 29 | €9,000 | €49,435 | +€40,435 | +449.3% |
| Trade receivables | 290 | - | €49,435 | +€49,435 | |
| Other amounts receivable | 291 | €9,000 | - | -€9,000 | |
| Amounts receivable within one year | 40/41 | - | €28,460 | +€28,460 | |
| Trade receivables | 40 | - | €28,460 | +€28,460 | |
| Cash at bank and in hand | 54/58 | €20,635 | €2,566 | -€18,069 | -87.6% |
| Deferred charges and accrued income | 490/1 | €17,662 | - | -€17,662 | |
| Total equity and liabilities | 10/49 | €224,714 | €394,638 | +€169,924 | +75.6% |
| Equity | 10/15 | €11,499 | €47,738 | +€36,239 | +315.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,499 | €43,738 | +€36,239 | +483.3% |
| Amounts payable | 17/49 | €213,215 | €346,900 | +€133,685 | +62.7% |
| Amounts payable after more than one year | 17 | €170,600 | €275,887 | +€105,287 | +61.7% |
| Financial debts | 170/4 | €170,600 | €275,887 | +€105,287 | +61.7% |
| Amounts payable within one year | 42/48 | €42,615 | €71,013 | +€28,398 | +66.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,473 | +€9,473 | |
| Trade debts | 44 | €7,150 | €32,348 | +€25,198 | +352.4% |
| Suppliers | 440/4 | €7,150 | €32,348 | +€25,198 | +352.4% |
| Taxes, remuneration and social security | 45 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Taxes | 450/3 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Other amounts payable | 47/48 | €30,465 | €19,192 | -€11,273 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | €10,140 | +€9,764 | +2596.8% |
| Other operating charges | 640/8 | €24,821 | €17,425 | -€7,396 | -29.8% |
| Gross operating margin | 9900 | €34,522 | €79,820 | +€45,298 | +131.2% |
| Operating profit (loss) | 9901 | €9,325 | €52,255 | +€42,930 | +460.4% |
| Financial income | 75/76B | €225 | €1,483 | +€1,258 | +559.1% |
| Recurring financial income | 75 | €225 | €1,483 | +€1,258 | +559.1% |
| Financial charges | 65/66B | €51 | €7,408 | +€7,357 | +14425.5% |
| Recurring financial charges | 65 | €51 | €7,408 | +€7,357 | +14425.5% |
| Profit (loss) for the period before taxes | 9903 | €9,499 | €46,330 | +€36,831 | +387.7% |
| Income taxes | 67/77 | €2,000 | €10,092 | +€8,092 | +404.6% |
| Profit (loss) for the period | 9904 | €7,499 | €36,238 | +€28,739 | +383.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,499 | €36,238 | +€28,739 | +383.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.