PHYS&OS: 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.
PHYS&OS
Largest movements
- Tangible fixed assets +€13,446
up €13,446 (+18.8%), from €71,670 to €85,116
of which Leasing and similar rights: +€23,428
- Receivables within one year +€8,210
up €8,210 (+9482.3%), from €87 to €8,296
of which Trade receivables: +€8,296
- Cash +€4,710
up €4,710 (+27.8%), from €16,934 to €21,644
mainly Depreciation (+€26,029) and Debts after one year (+€14,650)
- Debts after one year +€14,650
up €14,650 (+40.8%), from €35,886 to €50,536
- Current portion of long-term debt +€7,430
up €7,430 (+53.4%), from €13,913 to €21,343
- Reserves +€6,297
up €6,297 (+78.6%), from €8,015 to €14,312
of which Distributable reserves: +€6,297
- Tax, wage and social debts -€3,795
down €3,795 (-84.3%), from €4,500 to €705
- Other debts +€2,587
up €2,587 (+2337.2%), from €111 to €2,697
- Gross operating margin +€13,237
up €13,237 (+55.7%), from €23,753 to €36,991
- Depreciation +€4,288
up €4,288 (+19.7%), from €21,741 to €26,029
- Taxes +€2,540
up €2,540 (+1464.7%), from €173 to €2,714
- Financial income +€580
new in 2024: €580
- Financial charges +€521
up €521 (+42.7%), from €1,220 to €1,741
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,690 | €115,859 | +€27,170 | +30.6% |
| Fixed assets | 21/28 | €71,670 | €85,116 | +€13,446 | +18.8% |
| Tangible fixed assets | 22/27 | €71,670 | €85,116 | +€13,446 | +18.8% |
| Plant, machinery and equipment | 23 | €15,382 | €11,394 | -€3,988 | -25.9% |
| Furniture and vehicles | 24 | €3,599 | €2,436 | -€1,162 | -32.3% |
| Leasing and similar rights | 25 | €37,554 | €60,982 | +€23,428 | +62.4% |
| Other tangible fixed assets | 26 | €15,135 | €10,303 | -€4,832 | -31.9% |
| Current assets | 29/58 | €17,020 | €30,744 | +€13,724 | +80.6% |
| Amounts receivable within one year | 40/41 | €87 | €8,296 | +€8,210 | +9482.3% |
| Trade receivables | 40 | - | €8,296 | +€8,296 | |
| Other amounts receivable | 41 | €87 | - | -€87 | |
| Cash at bank and in hand | 54/58 | €16,934 | €21,644 | +€4,710 | +27.8% |
| Deferred charges and accrued income | 490/1 | - | €804 | +€804 | |
| Total equity and liabilities | 10/49 | €88,690 | €115,859 | +€27,170 | +30.6% |
| Equity | 10/15 | €34,280 | €40,577 | +€6,298 | +18.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,015 | €14,312 | +€6,297 | +78.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,155 | €12,452 | +€6,297 | +102.3% |
| Profit (loss) carried forward | 14 | €20,065 | €20,065 | +€1 | 0.0% |
| Amounts payable | 17/49 | €54,410 | €75,282 | +€20,872 | +38.4% |
| Amounts payable after more than one year | 17 | €35,886 | €50,536 | +€14,650 | +40.8% |
| Financial debts | 170/4 | €35,886 | €50,536 | +€14,650 | +40.8% |
| Amounts payable within one year | 42/48 | €18,524 | €24,746 | +€6,222 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €13,913 | €21,343 | +€7,430 | +53.4% |
| Taxes, remuneration and social security | 45 | €4,500 | €705 | -€3,795 | -84.3% |
| Taxes | 450/3 | €4,500 | €705 | -€3,795 | -84.3% |
| Other amounts payable | 47/48 | €111 | €2,697 | +€2,587 | +2337.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,741 | €26,029 | +€4,288 | +19.7% |
| Other operating charges | 640/8 | €812 | €789 | -€23 | -2.8% |
| Gross operating margin | 9900 | €23,753 | €36,991 | +€13,237 | +55.7% |
| Operating profit (loss) | 9901 | €1,200 | €10,172 | +€8,972 | +747.5% |
| Financial income | 75/76B | - | €580 | +€580 | |
| Recurring financial income | 75 | - | €580 | +€580 | |
| Financial charges | 65/66B | €1,220 | €1,741 | +€521 | +42.7% |
| Recurring financial charges | 65 | €1,220 | €1,741 | +€521 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | -€20 | €9,011 | +€9,031 | |
| Income taxes | 67/77 | €173 | €2,714 | +€2,540 | +1464.7% |
| Profit (loss) for the period | 9904 | -€193 | €6,298 | +€6,491 | |
| Profit (loss) for the period to be appropriated | 9905 | -€193 | €6,298 | +€6,491 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.