Physio - Kiné: 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 - Kiné
Largest movements
- Cash +€26,484
up €26,484 (+12.3%), from €215,087 to €241,570
mainly Net result for the year (+€64,471) and Depreciation (+€16,177)
- Receivables within one year +€18,133
new in 2025: €18,133
- Tangible fixed assets -€12,250
down €12,250 (-6.6%), from €185,621 to €173,372
of which Furniture and vehicles: -€8,746
- Deferred charges and accrued income -€10,856
down €10,856 (-67.4%), from €16,112 to €5,257
- Reserves +€64,471
up €64,471 (+23.3%), from €277,097 to €341,567
- Tax, wage and social debts -€33,720
down €33,720 (-48.5%), from €69,495 to €35,775
- Debts after one year -€7,527
down €7,527 (-18.7%), from €40,310 to €32,783
of which Financial debts: -€7,527
- Gross operating margin +€35,795
up €35,795 (+45.7%), from €78,259 to €114,055
- Taxes +€7,335
up €7,335 (+29.1%), from €25,218 to €32,553
- Depreciation +€3,994
up €3,994 (+32.8%), from €12,183 to €16,177
- Financial income -€3,792
down €3,792 (-60.6%), from €6,253 to €2,461
of which Non-recurring financial income: -€2,717
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 | €416,820 | €438,332 | +€21,511 | +5.2% |
| Fixed assets | 21/28 | €185,621 | €173,372 | -€12,250 | -6.6% |
| Tangible fixed assets | 22/27 | €185,621 | €173,372 | -€12,250 | -6.6% |
| Land and buildings | 22 | €136,982 | €131,869 | -€5,113 | -3.7% |
| Plant, machinery and equipment | 23 | €10,767 | €12,375 | +€1,608 | +14.9% |
| Furniture and vehicles | 24 | €37,873 | €29,127 | -€8,746 | -23.1% |
| Current assets | 29/58 | €231,199 | €264,960 | +€33,761 | +14.6% |
| Amounts receivable within one year | 40/41 | - | €18,133 | +€18,133 | |
| Other amounts receivable | 41 | - | €18,133 | +€18,133 | |
| Cash at bank and in hand | 54/58 | €215,087 | €241,570 | +€26,484 | +12.3% |
| Deferred charges and accrued income | 490/1 | €16,112 | €5,257 | -€10,856 | -67.4% |
| Total equity and liabilities | 10/49 | €416,820 | €438,332 | +€21,511 | +5.2% |
| Equity | 10/15 | €295,647 | €360,117 | +€64,471 | +21.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €277,097 | €341,567 | +€64,471 | +23.3% |
| Distributable reserves | 133 | €277,097 | €341,567 | +€64,471 | +23.3% |
| Amounts payable | 17/49 | €121,174 | €78,214 | -€42,959 | -35.5% |
| Amounts payable after more than one year | 17 | €40,310 | €32,783 | -€7,527 | -18.7% |
| Financial debts | 170/4 | €39,015 | €31,488 | -€7,527 | -19.3% |
| Other amounts payable | 178/9 | €1,295 | €1,295 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,642 | €43,302 | -€36,340 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €7,456 | €7,527 | +€71 | +1.0% |
| Trade debts | 44 | €2,692 | - | -€2,692 | |
| Suppliers | 440/4 | €2,692 | - | -€2,692 | |
| Taxes, remuneration and social security | 45 | €69,495 | €35,775 | -€33,720 | -48.5% |
| Taxes | 450/3 | €69,495 | €35,775 | -€33,720 | -48.5% |
| Accrued charges and deferred income | 492/3 | €1,222 | €2,130 | +€908 | +74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,183 | €16,177 | +€3,994 | +32.8% |
| Other operating charges | 640/8 | €1,938 | €2,217 | +€278 | +14.4% |
| Gross operating margin | 9900 | €78,259 | €114,055 | +€35,795 | +45.7% |
| Operating profit (loss) | 9901 | €64,138 | €95,661 | +€31,523 | +49.1% |
| Financial income | 75/76B | €6,253 | €2,461 | -€3,792 | -60.6% |
| Recurring financial income | 75 | €1,566 | €491 | -€1,074 | -68.6% |
| Non-recurring financial income | 76B | €4,687 | €1,969 | -€2,717 | -58.0% |
| Financial charges | 65/66B | €756 | €1,098 | +€342 | +45.3% |
| Recurring financial charges | 65 | €756 | €1,098 | +€342 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €69,635 | €97,024 | +€27,389 | +39.3% |
| Income taxes | 67/77 | €25,218 | €32,553 | +€7,335 | +29.1% |
| Profit (loss) for the period | 9904 | €44,416 | €64,471 | +€20,054 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,416 | €64,471 | +€20,054 | +45.2% |
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 5 October 2026 via checked.be.