PHYSIBEL: what changed
What changed
PHYSIBEL
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
filed annual accounts (NBB)
Net result for the year
€47,013
2024 · €124,899-€77,886
Equity
€84,882
2024 · €82,868+€2,013
Cash
€692,638
2024 · €612,434+€80,204
Balance sheet total
€854,489
2024 · €767,857+€86,632
Largest movements
Assets
- Cash +€80,204
up €80,204 (+13.1%), from €612,434 to €692,638
mainly Advances received (+€130,000) and Net result for the year (+€47,013)
- Receivables within one year +€10,999
up €10,999 (+7.9%), from €139,572 to €150,571
of which Other amounts receivable: +€17,278
Equity and liabilities
- Advances received +€130,000
up €130,000 (+37.1%), from €350,000 to €480,000
- Other debts -€62,227
down €62,227 (-35.0%), from €177,577 to €115,351
- Tax, wage and social debts +€10,978
up €10,978 (+31.6%), from €34,789 to €45,766
of which Remuneration and social security: +€15,649
Income statement
- Staff costs +€100,072
up €100,072 (+41.2%), from €242,663 to €342,735
- Taxes -€18,309
down €18,309 (-62.8%), from €29,141 to €10,832
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€124,899
Gross operating margin
+€2,765
Staff costs
-€100,072
Depreciation
-€754
Other operating charges
+€204
Financial income
-€80
Financial charges
+€1,742
Taxes
+€18,309
Result 2025
€47,013
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€126,678
Investment
-€1,474
Financing
-€45,000
Cash 2024
€612,434
From operations (derived)
+€126,678
Net result for the year
+€47,013
Depreciation
+€6,058
Receivables within one year
-€10,999
Deferred charges and accrued income
-€13
Trade debts
+€5,867
Tax, wage and social debts
+€10,978
Advances received
+€130,000
Other debts
-€62,227
Investment (derived)
-€1,474
Investment in fixed assets (net)
-€1,474
Financing
-€45,000
Contributions, distributions and other
-€45,000
Cash 2025
€692,638
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €767,857 | €854,489 | +€86,632 | +11.3% |
| Fixed assets | 21/28 | €12,495 | €7,911 | -€4,584 | -36.7% |
| Tangible fixed assets | 22/27 | €12,495 | €7,911 | -€4,584 | -36.7% |
| Furniture and vehicles | 24 | €10,009 | €6,255 | -€3,754 | -37.5% |
| Other tangible fixed assets | 26 | €2,486 | €1,656 | -€830 | -33.4% |
| Current assets | 29/58 | €755,363 | €846,578 | +€91,215 | +12.1% |
| Amounts receivable within one year | 40/41 | €139,572 | €150,571 | +€10,999 | +7.9% |
| Trade receivables | 40 | €121,975 | €115,695 | -€6,279 | -5.1% |
| Other amounts receivable | 41 | €17,597 | €34,875 | +€17,278 | +98.2% |
| Cash at bank and in hand | 54/58 | €612,434 | €692,638 | +€80,204 | +13.1% |
| Deferred charges and accrued income | 490/1 | €3,356 | €3,369 | +€13 | +0.4% |
| Total equity and liabilities | 10/49 | €767,857 | €854,489 | +€86,632 | +11.3% |
| Equity | 10/15 | €82,868 | €84,882 | +€2,013 | +2.4% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €3,750 | €3,750 | = | 0.0% |
| Distributable reserves | 133 | €3,750 | €3,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,618 | €43,632 | +€2,013 | +4.8% |
| Amounts payable | 17/49 | €684,989 | €769,607 | +€84,618 | +12.4% |
| Amounts payable within one year | 42/48 | €684,989 | €769,607 | +€84,618 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €122,623 | €128,490 | +€5,867 | +4.8% |
| Suppliers | 440/4 | €122,623 | €128,490 | +€5,867 | +4.8% |
| Advances received on contracts in progress | 46 | €350,000 | €480,000 | +€130,000 | +37.1% |
| Taxes, remuneration and social security | 45 | €34,789 | €45,766 | +€10,978 | +31.6% |
| Taxes | 450/3 | €8,592 | €3,921 | -€4,671 | -54.4% |
| Remuneration and social security | 454/9 | €26,196 | €41,846 | +€15,649 | +59.7% |
| Other amounts payable | 47/48 | €177,577 | €115,351 | -€62,227 | -35.0% |
| Remuneration, social security and pensions | 62 | €242,663 | €342,735 | +€100,072 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,304 | €6,058 | +€754 | +14.2% |
| Other operating charges | 640/8 | €2,365 | €2,161 | -€204 | -8.6% |
| Gross operating margin | 9900 | €404,244 | €407,009 | +€2,765 | +0.7% |
| Operating profit (loss) | 9901 | €153,912 | €56,055 | -€97,857 | -63.6% |
| Financial income | 75/76B | €4,239 | €4,159 | -€80 | -1.9% |
| Recurring financial income | 75 | €4,239 | €4,159 | -€80 | -1.9% |
| Financial charges | 65/66B | €4,110 | €2,368 | -€1,742 | -42.4% |
| Recurring financial charges | 65 | €4,110 | €2,368 | -€1,742 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €154,041 | €57,846 | -€96,195 | -62.4% |
| Income taxes | 67/77 | €29,141 | €10,832 | -€18,309 | -62.8% |
| Profit (loss) for the period | 9904 | €124,899 | €47,013 | -€77,886 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €124,899 | €47,013 | -€77,886 | -62.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.