PHYSIMED: 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.
PHYSIMED
Largest movements
- Current investments -€50,000
no longer reported in 2022 (was €50,000)
- Tangible fixed assets -€29,867
down €29,867 (-12.0%), from €248,907 to €219,040
- Cash +€17,669
up €17,669 (+219%), from €8,073 to €25,742
mainly Current investments (+€50,000) and Depreciation (+€34,862)
- Receivables within one year +€11,377
up €11,377 (+3.4%), from €338,028 to €349,405
of which Trade receivables: +€11,810
- Debts after one year -€30,562
down €30,562 (-55.0%), from €55,615 to €25,053
- Profit (loss) carried forward -€16,942
down €16,942 (-4.7%), from €361,088 to €344,146
- Gross operating margin -€54,542
down €54,542 (-65.5%), from €83,254 to €28,712
- Taxes -€28,116
down €28,116 (-91.0%), from €30,880 to €2,764
- Financial income +€7,604
new in 2022: €7,604
- Staff costs +€3,124
up €3,124 (+108%), from €2,904 to €6,028
- Depreciation -€1,956
down €1,956 (-5.3%), from €36,818 to €34,862
From the 2021 result to the 2022 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.
Derived cash bridge
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €652,508 | €601,687 | -€50,821 | -7.8% |
| Fixed assets | 21/28 | €256,407 | €226,540 | -€29,867 | -11.6% |
| Tangible fixed assets | 22/27 | €248,907 | €219,040 | -€29,867 | -12.0% |
| Land and buildings | 22 | €57,536 | €50,377 | -€7,159 | -12.4% |
| Plant, machinery and equipment | 23 | €1,160 | €4,658 | +€3,498 | +302% |
| Furniture and vehicles | 24 | €46,726 | €33,835 | -€12,891 | -27.6% |
| Assets under construction and advance payments | 27 | €143,485 | €130,170 | -€13,315 | -9.3% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €396,101 | €375,147 | -€20,954 | -5.3% |
| Amounts receivable within one year | 40/41 | €338,028 | €349,405 | +€11,377 | +3.4% |
| Trade receivables | 40 | €252,306 | €264,116 | +€11,810 | +4.7% |
| Other amounts receivable | 41 | €85,722 | €85,289 | -€433 | -0.5% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €8,073 | €25,742 | +€17,669 | +219% |
| Total equity and liabilities | 10/49 | €652,508 | €601,687 | -€50,821 | -7.8% |
| Equity | 10/15 | €540,088 | €523,146 | -€16,942 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,400 | €160,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Legal reserve | 130 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €158,000 | €158,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €361,088 | €344,146 | -€16,942 | -4.7% |
| Amounts payable | 17/49 | €112,420 | €78,541 | -€33,879 | -30.1% |
| Amounts payable after more than one year | 17 | €55,615 | €25,053 | -€30,562 | -55.0% |
| Financial debts | 170/4 | €55,615 | €25,053 | -€30,562 | -55.0% |
| Amounts payable within one year | 42/48 | €56,805 | €53,488 | -€3,317 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €33,452 | €29,385 | -€4,067 | -12.2% |
| Trade debts | 44 | €7,769 | €8,108 | +€339 | +4.4% |
| Suppliers | 440/4 | €7,769 | €8,108 | +€339 | +4.4% |
| Taxes, remuneration and social security | 45 | €15,584 | €14,691 | -€893 | -5.7% |
| Remuneration and social security | 454/9 | €15,584 | €14,691 | -€893 | -5.7% |
| Other amounts payable | 47/48 | - | €1,304 | +€1,304 | |
| Remuneration, social security and pensions | 62 | €2,904 | €6,028 | +€3,124 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,818 | €34,862 | -€1,956 | -5.3% |
| Other operating charges | 640/8 | €3,162 | €3,367 | +€205 | +6.5% |
| Gross operating margin | 9900 | €83,254 | €28,712 | -€54,542 | -65.5% |
| Operating profit (loss) | 9901 | €40,370 | -€15,545 | -€55,915 | |
| Financial income | 75/76B | - | €7,604 | +€7,604 | |
| Recurring financial income | 75 | - | €7,604 | +€7,604 | |
| Financial charges | 65/66B | €4,481 | €6,237 | +€1,756 | +39.2% |
| Recurring financial charges | 65 | €4,481 | €6,237 | +€1,756 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €35,889 | -€14,178 | -€50,067 | |
| Income taxes | 67/77 | €30,880 | €2,764 | -€28,116 | -91.0% |
| Profit (loss) for the period | 9904 | €5,009 | -€16,942 | -€21,951 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,009 | -€16,942 | -€21,951 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.