Physio 98 D. LARUELLE: 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.
Physio 98 D. LARUELLE
Largest movements
- Cash +€57,596
up €57,596 (+48.6%), from €118,513 to €176,109
mainly Other debts (+€52,820) and Net result for the year (+€47,243)
- Receivables within one year -€10,781
down €10,781 (-19.7%), from €54,788 to €44,007
of which Trade receivables: -€11,154
- Tangible fixed assets -€4,195
down €4,195 (-51.3%), from €8,181 to €3,986
of which Furniture and vehicles: -€3,201
- Other debts +€52,820
up €52,820 (+534%), from €9,900 to €62,720
- Profit (loss) carried forward -€12,757
down €12,757 (-16.2%), from €78,966 to €66,209
- Tax, wage and social debts +€5,100
up €5,100 (+215%), from €2,371 to €7,471
- Debts after one year -€4,175
down €4,175 (-95.3%), from €4,381 to €205
- Taxes +€2,474
up €2,474 (+20.6%), from €11,997 to €14,471
- Depreciation -€1,754
down €1,754 (-23.5%), from €7,467 to €5,713
- Gross operating margin +€1,700
up €1,700 (+2.5%), from €67,352 to €69,051
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.
Derived cash bridge
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 | €182,769 | €225,412 | +€42,643 | +23.3% |
| Fixed assets | 21/28 | €8,181 | €3,986 | -€4,195 | -51.3% |
| Tangible fixed assets | 22/27 | €8,181 | €3,986 | -€4,195 | -51.3% |
| Plant, machinery and equipment | 23 | €3,356 | €2,362 | -€994 | -29.6% |
| Furniture and vehicles | 24 | €4,825 | €1,624 | -€3,201 | -66.3% |
| Current assets | 29/58 | €174,588 | €221,426 | +€46,838 | +26.8% |
| Amounts receivable within one year | 40/41 | €54,788 | €44,007 | -€10,781 | -19.7% |
| Trade receivables | 40 | €54,788 | €43,634 | -€11,154 | -20.4% |
| Other amounts receivable | 41 | - | €373 | +€373 | |
| Cash at bank and in hand | 54/58 | €118,513 | €176,109 | +€57,596 | +48.6% |
| Deferred charges and accrued income | 490/1 | €1,288 | €1,311 | +€23 | +1.8% |
| Total equity and liabilities | 10/49 | €182,769 | €225,412 | +€42,643 | +23.3% |
| Equity | 10/15 | €97,566 | €84,809 | -€12,757 | -13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,966 | €66,209 | -€12,757 | -16.2% |
| Amounts payable | 17/49 | €85,203 | €140,603 | +€55,400 | +65.0% |
| Amounts payable after more than one year | 17 | €4,381 | €205 | -€4,175 | -95.3% |
| Financial debts | 170/4 | €4,381 | €205 | -€4,175 | -95.3% |
| Amounts payable within one year | 42/48 | €80,822 | €140,398 | +€59,575 | +73.7% |
| Current portion of amounts payable after more than one year | 42 | €4,134 | €4,175 | +€42 | +1.0% |
| Trade debts | 44 | €64,417 | €66,032 | +€1,615 | +2.5% |
| Suppliers | 440/4 | €64,417 | €66,032 | +€1,615 | +2.5% |
| Taxes, remuneration and social security | 45 | €2,371 | €7,471 | +€5,100 | +215% |
| Taxes | 450/3 | €2,371 | €7,471 | +€5,100 | +215% |
| Other amounts payable | 47/48 | €9,900 | €62,720 | +€52,820 | +534% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,467 | €5,713 | -€1,754 | -23.5% |
| Other operating charges | 640/8 | €1,276 | €1,405 | +€129 | +10.1% |
| Gross operating margin | 9900 | €67,352 | €69,051 | +€1,700 | +2.5% |
| Operating profit (loss) | 9901 | €58,609 | €61,934 | +€3,325 | +5.7% |
| Financial charges | 65/66B | €242 | €220 | -€22 | -9.1% |
| Recurring financial charges | 65 | €242 | €220 | -€22 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €58,366 | €61,713 | +€3,347 | +5.7% |
| Income taxes | 67/77 | €11,997 | €14,471 | +€2,474 | +20.6% |
| Profit (loss) for the period | 9904 | €46,370 | €47,243 | +€873 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,370 | €47,243 | +€873 | +1.9% |
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 15 October 2026 via checked.be.