Physio E.B.: 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 E.B.
Largest movements
- Receivables within one year +€53,646
up €53,646 (+92.2%), from €58,180 to €111,826
of which Other amounts receivable: +€42,831
- Intangible fixed assets -€7,143
down €7,143 (-21.0%), from €33,953 to €26,810
- Tangible fixed assets -€5,807
down €5,807 (-2.3%), from €247,178 to €241,371
of which Land and buildings: -€6,510
- Cash -€4,300
down €4,300 (-8.9%), from €48,267 to €43,967
mainly Receivables within one year (-€53,646) and Investment in fixed assets (net) (-€38,510)
- Profit (loss) carried forward +€40,021
up €40,021 (+36.1%), from €111,012 to €151,033
- Trade debts +€8,142
up €8,142 (+23.0%), from €35,423 to €43,565
- Debts after one year -€4,877
down €4,877 (-2.4%), from €199,394 to €194,517
- Gross operating margin +€34,051
up €34,051 (+41.2%), from €82,735 to €116,786
- Taxes +€15,090
up €15,090 (+222.4%), from €6,784 to €21,874
- Depreciation +€9,951
up €9,951 (+24.0%), from €41,509 to €51,460
- Staff costs -€6,115
no longer reported in 2025 (was €6,115)
- Financial income +€2,389
up €2,389 (+147.3%), from €1,622 to €4,011
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 | €389,911 | €425,650 | +€35,738 | +9.2% |
| Fixed assets | 21/28 | €281,131 | €268,181 | -€12,950 | -4.6% |
| Intangible fixed assets | 21 | €33,953 | €26,810 | -€7,143 | -21.0% |
| Tangible fixed assets | 22/27 | €247,178 | €241,371 | -€5,807 | -2.3% |
| Land and buildings | 22 | €214,026 | €207,516 | -€6,510 | -3.0% |
| Plant, machinery and equipment | 23 | €31,648 | €28,997 | -€2,651 | -8.4% |
| Furniture and vehicles | 24 | €1,504 | €4,858 | +€3,354 | +223.0% |
| Current assets | 29/58 | €108,781 | €157,469 | +€48,688 | +44.8% |
| Amounts receivable within one year | 40/41 | €58,180 | €111,826 | +€53,646 | +92.2% |
| Trade receivables | 40 | €6,671 | €17,486 | +€10,815 | +162.1% |
| Other amounts receivable | 41 | €51,508 | €94,339 | +€42,831 | +83.2% |
| Cash at bank and in hand | 54/58 | €48,267 | €43,967 | -€4,300 | -8.9% |
| Deferred charges and accrued income | 490/1 | €2,334 | €1,676 | -€658 | -28.2% |
| Total equity and liabilities | 10/49 | €389,911 | €425,650 | +€35,738 | +9.2% |
| Equity | 10/15 | €114,012 | €154,033 | +€40,021 | +35.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,012 | €151,033 | +€40,021 | +36.1% |
| Amounts payable | 17/49 | €275,899 | €271,617 | -€4,282 | -1.6% |
| Amounts payable after more than one year | 17 | €199,394 | €194,517 | -€4,877 | -2.4% |
| Financial debts | 170/4 | €199,394 | €194,517 | -€4,877 | -2.4% |
| Amounts payable within one year | 42/48 | €76,505 | €77,100 | +€595 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €9,034 | €4,877 | -€4,156 | -46.0% |
| Trade debts | 44 | €35,423 | €43,565 | +€8,142 | +23.0% |
| Suppliers | 440/4 | €35,423 | €43,565 | +€8,142 | +23.0% |
| Taxes, remuneration and social security | 45 | €32,049 | €28,658 | -€3,390 | -10.6% |
| Taxes | 450/3 | €32,049 | €28,658 | -€3,390 | -10.6% |
| Remuneration, social security and pensions | 62 | €6,115 | - | -€6,115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,509 | €51,460 | +€9,951 | +24.0% |
| Other operating charges | 640/8 | €621 | €569 | -€52 | -8.4% |
| Gross operating margin | 9900 | €82,735 | €116,786 | +€34,051 | +41.2% |
| Operating profit (loss) | 9901 | €34,490 | €64,757 | +€30,267 | +87.8% |
| Financial income | 75/76B | €1,622 | €4,011 | +€2,389 | +147.3% |
| Recurring financial income | 75 | €1,622 | €4,011 | +€2,389 | +147.3% |
| Financial charges | 65/66B | €8,363 | €6,873 | -€1,489 | -17.8% |
| Recurring financial charges | 65 | €8,363 | €6,873 | -€1,489 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €27,749 | €61,894 | +€34,145 | +123.1% |
| Income taxes | 67/77 | €6,784 | €21,874 | +€15,090 | +222.4% |
| Profit (loss) for the period | 9904 | €20,965 | €40,021 | +€19,056 | +90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,965 | €40,021 | +€19,056 | +90.9% |
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 10 October 2026 via checked.be.