Physio - CV: 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.
Physio - CV
Largest movements
- Tangible fixed assets +€298,469
up €298,469 (+86.0%), from €346,935 to €645,403
of which Land and buildings: +€325,912
- Deferred charges and accrued income -€16,501
down €16,501 (-75.4%), from €21,871 to €5,370
- Intangible fixed assets -€14,000
down €14,000 (-10.8%), from €130,073 to €116,073
- Debts after one year +€302,533
up €302,533 (+85.5%), from €354,012 to €656,544
- Other debts -€34,634
down €34,634 (-35.1%), from €98,788 to €64,154
- Gross operating margin +€17,898
up €17,898 (+22.4%), from €79,999 to €97,897
- Financial charges +€12,407
up €12,407 (+151.1%), from €8,212 to €20,619
- Staff costs +€2,401
new in 2025: €2,401
- Taxes -€1,976
down €1,976 (-91.1%), from €2,170 to €194
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.
Cash bridge derived
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 | €513,890 | €782,940 | +€269,050 | +52.4% |
| Formation expenses | 20 | €846 | €0 | -€846 | -100.0% |
| Fixed assets | 21/28 | €477,197 | €761,572 | +€284,375 | +59.6% |
| Intangible fixed assets | 21 | €130,073 | €116,073 | -€14,000 | -10.8% |
| Tangible fixed assets | 22/27 | €346,935 | €645,403 | +€298,469 | +86.0% |
| Land and buildings | 22 | €280,876 | €606,789 | +€325,912 | +116.0% |
| Furniture and vehicles | 24 | €48,874 | €38,615 | -€10,260 | -21.0% |
| Assets under construction and advance payments | 27 | €17,184 | €0 | -€17,184 | -100.0% |
| Financial fixed assets | 28 | €190 | €96 | -€93 | -49.2% |
| Current assets | 29/58 | €35,847 | €21,367 | -€14,480 | -40.4% |
| Amounts receivable within one year | 40/41 | €5,527 | €4,031 | -€1,496 | -27.1% |
| Trade receivables | 40 | €5,527 | €3,999 | -€1,528 | -27.6% |
| Other amounts receivable | 41 | - | €32 | +€32 | |
| Cash at bank and in hand | 54/58 | €8,449 | €11,966 | +€3,517 | +41.6% |
| Deferred charges and accrued income | 490/1 | €21,871 | €5,370 | -€16,501 | -75.4% |
| Total equity and liabilities | 10/49 | €513,890 | €782,940 | +€269,050 | +52.4% |
| Equity | 10/15 | €4,001 | €6,927 | +€2,926 | +73.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€999 | €1,927 | +€2,926 | |
| Amounts payable | 17/49 | €509,889 | €776,013 | +€266,124 | +52.2% |
| Amounts payable after more than one year | 17 | €354,012 | €656,544 | +€302,533 | +85.5% |
| Financial debts | 170/4 | €354,012 | €656,544 | +€302,533 | +85.5% |
| Amounts payable within one year | 42/48 | €155,395 | €119,468 | -€35,927 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €38,562 | €38,619 | +€57 | +0.1% |
| Trade debts | 44 | €15,875 | €12,174 | -€3,701 | -23.3% |
| Suppliers | 440/4 | €15,875 | €12,174 | -€3,701 | -23.3% |
| Taxes, remuneration and social security | 45 | €2,170 | €4,521 | +€2,351 | +108.4% |
| Taxes | 450/3 | €2,170 | €4,143 | +€1,974 | +91.0% |
| Remuneration and social security | 454/9 | - | €378 | +€378 | |
| Other amounts payable | 47/48 | €98,788 | €64,154 | -€34,634 | -35.1% |
| Accrued charges and deferred income | 492/3 | €482 | €0 | -€482 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €2,401 | +€2,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,625 | €65,328 | +€703 | +1.1% |
| Other operating charges | 640/8 | €5,991 | €6,387 | +€396 | +6.6% |
| Non-recurring operating charges | 66A | - | €118 | +€118 | |
| Gross operating margin | 9900 | €79,999 | €97,897 | +€17,898 | +22.4% |
| Operating profit (loss) | 9901 | €9,383 | €23,664 | +€14,281 | +152.2% |
| Financial income | 75/76B | €0 | €74 | +€74 | +743200.0% |
| Recurring financial income | 75 | €0 | €74 | +€74 | +743200.0% |
| Financial charges | 65/66B | €8,212 | €20,619 | +€12,407 | +151.1% |
| Recurring financial charges | 65 | €8,212 | €20,619 | +€12,407 | +151.1% |
| Profit (loss) for the period before taxes | 9903 | €1,171 | €3,119 | +€1,948 | +166.4% |
| Income taxes | 67/77 | €2,170 | €194 | -€1,976 | -91.1% |
| Profit (loss) for the period | 9904 | -€999 | €2,926 | +€3,925 | |
| Profit (loss) for the period to be appropriated | 9905 | -€999 | €2,926 | +€3,925 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.