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PHYSIO DBN: 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.

What changed

PHYSIO DBN

BE 0767.618.804
NACE 86.951, Physiotherapy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€15,966
2024 · €13,451+€2,515
Equity
€37,303
2024 · €21,337+€15,966
Cash
€17,306
2024 · €11,196+€6,110
Balance sheet total
€58,842
2024 · €55,013+€3,830

Largest movements

2024 to 2025
Assets
  • Cash +€6,110

    up €6,110 (+54.6%), from €11,196 to €17,306

    mainly Net result for the year (+€15,966) and Depreciation (+€10,652)

  • Deferred charges and accrued income -€1,718

    down €1,718 (-100.0%), from €1,718 to €0

  • Tangible fixed assets -€928

    down €928 (-2.4%), from €39,280 to €38,352

    of which Furniture and vehicles: -€7,598

Equity and liabilities
  • Reserves +€15,966

    up €15,966 (+80.5%), from €19,837 to €35,803

  • Debts after one year -€6,263

    down €6,263 (-44.6%), from €14,037 to €7,774

  • Other debts -€3,862

    down €3,862 (-65.3%), from €5,916 to €2,053

  • Tax, wage and social debts -€1,669

    down €1,669 (-24.2%), from €6,910 to €5,241

    of which Remuneration and social security: -€3,154

Income statement
  • Gross operating margin +€5,356

    up €5,356 (+18.4%), from €29,088 to €34,445

  • Depreciation +€1,575

    up €1,575 (+17.3%), from €9,077 to €10,652

  • Taxes +€1,216

    up €1,216 (+35.5%), from €3,428 to €4,644

  • Financial charges +€1,169

    up €1,169 (+119.3%), from €980 to €2,149

  • Other operating charges -€1,118

    down €1,118 (-51.9%), from €2,153 to €1,035

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €13,451
Gross operating margin +€5,356
Depreciation -€1,575
Other operating charges +€1,118
Financial charges -€1,169
Taxes -€1,216
Result 2025 €15,966

Cash bridge derived

cash 2024 to 2025

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.

From operations +€21,852
Investment -€9,724
Financing -€6,019
Cash 2024 €11,196
Net result for the year +€15,966
Depreciation +€10,652
Receivables within one year -€366
Deferred charges and accrued income +€1,718
Trade debts -€586
Tax, wage and social debts -€1,669
Other debts -€3,862
Investment in fixed assets (net) -€9,724
Debts after one year -€6,263
Current portion of long-term debt +€245
Cash 2025 €17,306
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €55,013 €58,842 +€3,830 +7.0%
Fixed assets 21/28 €39,530 €38,602 -€928 -2.3%
Tangible fixed assets 22/27 €39,280 €38,352 -€928 -2.4%
Land and buildings 22 €3,903 €3,496 -€407 -10.4%
Plant, machinery and equipment 23 €4,985 €12,062 +€7,077 +142.0%
Furniture and vehicles 24 €30,392 €22,794 -€7,598 -25.0%
Financial fixed assets 28 €250 €250 = 0.0%
Current assets 29/58 €15,482 €20,240 +€4,758 +30.7%
Amounts receivable within one year 40/41 €2,569 €2,935 +€366 +14.2%
Trade receivables 40 €2,569 €2,935 +€366 +14.2%
Cash at bank and in hand 54/58 €11,196 €17,306 +€6,110 +54.6%
Deferred charges and accrued income 490/1 €1,718 €0 -€1,718 -100.0%
Total equity and liabilities 10/49 €55,013 €58,842 +€3,830 +7.0%
Equity 10/15 €21,337 €37,303 +€15,966 +74.8%
Contributions 10/11 €1,500 €1,500 = 0.0%
Reserves 13 €19,837 €35,803 +€15,966 +80.5%
Distributable reserves 133 €19,837 €35,803 +€15,966 +80.5%
Amounts payable 17/49 €33,676 €21,540 -€12,136 -36.0%
Amounts payable after more than one year 17 €14,037 €7,774 -€6,263 -44.6%
Financial debts 170/4 €14,037 €7,774 -€6,263 -44.6%
Amounts payable within one year 42/48 €19,639 €13,766 -€5,873 -29.9%
Current portion of amounts payable after more than one year 42 €6,019 €6,263 +€245 +4.1%
Trade debts 44 €794 €208 -€586 -73.8%
Suppliers 440/4 €794 €208 -€586 -73.8%
Taxes, remuneration and social security 45 €6,910 €5,241 -€1,669 -24.2%
Taxes 450/3 €3,756 €5,241 +€1,485 +39.5%
Remuneration and social security 454/9 €3,154 €0 -€3,154 -100.0%
Other amounts payable 47/48 €5,916 €2,053 -€3,862 -65.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €9,077 €10,652 +€1,575 +17.3%
Other operating charges 640/8 €2,153 €1,035 -€1,118 -51.9%
Gross operating margin 9900 €29,088 €34,445 +€5,356 +18.4%
Operating profit (loss) 9901 €17,858 €22,758 +€4,900 +27.4%
Financial charges 65/66B €980 €2,149 +€1,169 +119.3%
Recurring financial charges 65 €980 €2,149 +€1,169 +119.3%
Profit (loss) for the period before taxes 9903 €16,879 €20,610 +€3,731 +22.1%
Income taxes 67/77 €3,428 €4,644 +€1,216 +35.5%
Profit (loss) for the period 9904 €13,451 €15,966 +€2,515 +18.7%
Profit (loss) for the period to be appropriated 9905 €13,451 €15,966 +€2,515 +18.7%

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 30 September 2026 via checked.be.