PHYSIO BELLEMANS: 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 BELLEMANS
Largest movements
- Cash +€17,050
up €17,050 (+70.4%), from €24,211 to €41,262
mainly Net result for the year (+€14,923) and Other debts (+€13,383)
- Deferred charges and accrued income -€9,876
down €9,876 (-92.4%), from €10,688 to €813
- Receivables within one year +€5,323
up €5,323 (+88.8%), from €5,994 to €11,318
of which Trade receivables: +€11,124
- Tangible fixed assets +€601
up €601 (+13.9%), from €4,341 to €4,943
of which Furniture and vehicles: +€1,448
- Formation expenses -€599
down €599 (-48.5%), from €1,233 to €635
- Other debts +€13,383
up €13,383 (+828%), from €1,617 to €15,000
- Trade debts -€891
down €891 (-47.8%), from €1,865 to €974
- Gross operating margin +€14,506
up €14,506 (+152%), from €9,547 to €24,053
- Taxes +€2,636
up €2,636 (+133%), from €1,984 to €4,619
- Depreciation +€983
up €983 (+42.0%), from €2,342 to €3,325
- Other operating charges +€402
up €402 (+630%), from €64 to €465
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 | €46,469 | €58,970 | +€12,501 | +26.9% |
| Formation expenses | 20 | €1,233 | €635 | -€599 | -48.5% |
| Fixed assets | 21/28 | €4,341 | €4,943 | +€601 | +13.9% |
| Tangible fixed assets | 22/27 | €4,341 | €4,943 | +€601 | +13.9% |
| Plant, machinery and equipment | 23 | €2,912 | €2,065 | -€847 | -29.1% |
| Furniture and vehicles | 24 | €1,429 | €2,878 | +€1,448 | +101% |
| Current assets | 29/58 | €40,894 | €53,392 | +€12,498 | +30.6% |
| Amounts receivable within one year | 40/41 | €5,994 | €11,318 | +€5,323 | +88.8% |
| Trade receivables | 40 | €28 | €11,152 | +€11,124 | +39,828% |
| Other amounts receivable | 41 | €5,966 | €166 | -€5,801 | -97.2% |
| Cash at bank and in hand | 54/58 | €24,211 | €41,262 | +€17,050 | +70.4% |
| Deferred charges and accrued income | 490/1 | €10,688 | €813 | -€9,876 | -92.4% |
| Total equity and liabilities | 10/49 | €46,469 | €58,970 | +€12,501 | +26.9% |
| Equity | 10/15 | €42,352 | €42,275 | -€77 | -0.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,352 | €26,275 | -€77 | -0.3% |
| Amounts payable | 17/49 | €4,117 | €16,695 | +€12,578 | +306% |
| Amounts payable within one year | 42/48 | €4,066 | €16,649 | +€12,583 | +310% |
| Trade debts | 44 | €1,865 | €974 | -€891 | -47.8% |
| Suppliers | 440/4 | €1,865 | €974 | -€891 | -47.8% |
| Taxes, remuneration and social security | 45 | €584 | €676 | +€91 | +15.7% |
| Remuneration and social security | 454/9 | €584 | €676 | +€91 | +15.7% |
| Other amounts payable | 47/48 | €1,617 | €15,000 | +€13,383 | +828% |
| Accrued charges and deferred income | 492/3 | €51 | €46 | -€6 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,342 | €3,325 | +€983 | +42.0% |
| Other operating charges | 640/8 | €64 | €465 | +€402 | +630% |
| Gross operating margin | 9900 | €9,547 | €24,053 | +€14,506 | +152% |
| Operating profit (loss) | 9901 | €7,141 | €20,263 | +€13,122 | +184% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €854 | €721 | -€133 | -15.6% |
| Recurring financial charges | 65 | €854 | €721 | -€133 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €6,287 | €19,543 | +€13,255 | +211% |
| Income taxes | 67/77 | €1,984 | €4,619 | +€2,636 | +133% |
| Profit (loss) for the period | 9904 | €4,304 | €14,923 | +€10,619 | +247% |
| Profit (loss) for the period to be appropriated | 9905 | €4,304 | €14,923 | +€10,619 | +247% |
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 25 October 2026 via checked.be.