MW 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.
MW Physio
Largest movements
- Cash +€28,550
up €28,550 (+751.1%), from €3,801 to €32,351
mainly Net result for the year (+€35,877) and Depreciation (+€2,998)
- Receivables within one year +€1,461
up €1,461 (+4.3%), from €34,279 to €35,740
of which Trade receivables: +€6,268
- Profit (loss) carried forward +€35,044
new in 2025: €35,044
- Tax, wage and social debts -€4,148
down €4,148 (-43.9%), from €9,446 to €5,298
- Trade debts -€984
down €984 (-64.4%), from €1,527 to €543
- Gross operating margin +€15,890
up €15,890 (+45.9%), from €34,603 to €50,494
- Depreciation +€2,998
new in 2025: €2,998
- Staff costs +€1,760
new in 2025: €1,760
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 | €38,080 | €68,091 | +€30,012 | +78.8% |
| Current assets | 29/58 | €38,080 | €68,091 | +€30,012 | +78.8% |
| Amounts receivable within one year | 40/41 | €34,279 | €35,740 | +€1,461 | +4.3% |
| Trade receivables | 40 | €29,275 | €35,543 | +€6,268 | +21.4% |
| Other amounts receivable | 41 | €5,004 | €197 | -€4,807 | -96.1% |
| Cash at bank and in hand | 54/58 | €3,801 | €32,351 | +€28,550 | +751.1% |
| Total equity and liabilities | 10/49 | €38,080 | €68,091 | +€30,012 | +78.8% |
| Equity | 10/15 | €26,275 | €61,319 | +€35,044 | +133.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,275 | €24,275 | = | 0.0% |
| Distributable reserves | 133 | €24,275 | €24,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €35,044 | +€35,044 | |
| Amounts payable | 17/49 | €11,805 | €6,773 | -€5,033 | -42.6% |
| Amounts payable within one year | 42/48 | €11,805 | €6,773 | -€5,033 | -42.6% |
| Trade debts | 44 | €1,527 | €543 | -€984 | -64.4% |
| Suppliers | 440/4 | €1,527 | €543 | -€984 | -64.4% |
| Taxes, remuneration and social security | 45 | €9,446 | €5,298 | -€4,148 | -43.9% |
| Taxes | 450/3 | €9,446 | €5,298 | -€4,148 | -43.9% |
| Other amounts payable | 47/48 | €833 | €932 | +€99 | +11.9% |
| Remuneration, social security and pensions | 62 | - | €1,760 | +€1,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,998 | +€2,998 | |
| Gross operating margin | 9900 | €34,603 | €50,494 | +€15,890 | +45.9% |
| Operating profit (loss) | 9901 | €34,603 | €45,736 | +€11,133 | +32.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €50 | €57 | +€7 | +13.0% |
| Recurring financial charges | 65 | €50 | €57 | +€7 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €34,553 | €45,680 | +€11,127 | +32.2% |
| Income taxes | 67/77 | €9,446 | €9,803 | +€357 | +3.8% |
| Profit (loss) for the period | 9904 | €25,108 | €35,877 | +€10,769 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,108 | €35,877 | +€10,769 | +42.9% |
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 3 October 2026 via checked.be.