P5 Physiotherapy: 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.
P5 Physiotherapy
Largest movements
- Receivables within one year +€39,608
up €39,608 (+194.5%), from €20,368 to €59,976
of which Other amounts receivable: +€39,608
- Cash +€19,236
up €19,236 (+162.2%), from €11,861 to €31,096
mainly Net result for the year (+€51,054) and Tax, wage and social debts (+€9,735)
- Tangible fixed assets +€2,756
up €2,756 (+24.5%), from €11,261 to €14,017
of which Furniture and vehicles: +€1,576
- Reserves +€51,054
up €51,054 (+92.2%), from €55,392 to €106,446
- Tax, wage and social debts +€9,735
up €9,735 (+165.5%), from €5,883 to €15,618
of which Taxes: +€9,735
- Gross operating margin +€44,121
up €44,121 (+156.9%), from €28,115 to €72,236
- Taxes +€9,274
up €9,274 (+163.5%), from €5,672 to €14,946
- Depreciation +€1,102
up €1,102 (+25.7%), from €4,284 to €5,386
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 | €69,317 | €130,538 | +€61,221 | +88.3% |
| Fixed assets | 21/28 | €36,261 | €39,017 | +€2,756 | +7.6% |
| Tangible fixed assets | 22/27 | €11,261 | €14,017 | +€2,756 | +24.5% |
| Plant, machinery and equipment | 23 | - | €1,180 | +€1,180 | |
| Furniture and vehicles | 24 | €11,261 | €12,837 | +€1,576 | +14.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €33,056 | €91,521 | +€58,465 | +176.9% |
| Amounts receivable within one year | 40/41 | €20,368 | €59,976 | +€39,608 | +194.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €20,368 | €59,976 | +€39,608 | +194.5% |
| Cash at bank and in hand | 54/58 | €11,861 | €31,096 | +€19,236 | +162.2% |
| Deferred charges and accrued income | 490/1 | €827 | €449 | -€379 | -45.8% |
| Total equity and liabilities | 10/49 | €69,317 | €130,538 | +€61,221 | +88.3% |
| Equity | 10/15 | €61,392 | €112,446 | +€51,054 | +83.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €55,392 | €106,446 | +€51,054 | +92.2% |
| Distributable reserves | 133 | €55,392 | €106,446 | +€51,054 | +92.2% |
| Amounts payable | 17/49 | €7,925 | €18,092 | +€10,167 | +128.3% |
| Amounts payable within one year | 42/48 | €7,925 | €18,092 | +€10,167 | +128.3% |
| Trade debts | 44 | €2,042 | €2,474 | +€432 | +21.2% |
| Suppliers | 440/4 | €2,042 | €2,474 | +€432 | +21.2% |
| Taxes, remuneration and social security | 45 | €5,883 | €15,618 | +€9,735 | +165.5% |
| Taxes | 450/3 | €5,883 | €15,618 | +€9,735 | +165.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,284 | €5,386 | +€1,102 | +25.7% |
| Other operating charges | 640/8 | €1,012 | €895 | -€117 | -11.6% |
| Gross operating margin | 9900 | €28,115 | €72,236 | +€44,121 | +156.9% |
| Operating profit (loss) | 9901 | €22,819 | €65,955 | +€43,136 | +189.0% |
| Financial income | 75/76B | €0 | €106 | +€106 | |
| Recurring financial income | 75 | €0 | €106 | +€106 | |
| Financial charges | 65/66B | €276 | €60 | -€216 | -78.3% |
| Recurring financial charges | 65 | €276 | €60 | -€216 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | €22,543 | €66,000 | +€43,457 | +192.8% |
| Income taxes | 67/77 | €5,672 | €14,946 | +€9,274 | +163.5% |
| Profit (loss) for the period | 9904 | €16,871 | €51,054 | +€34,183 | +202.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,871 | €51,054 | +€34,183 | +202.6% |
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 10 October 2026 via checked.be.