Physio Telukov: 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 Telukov
Largest movements
- Cash +€42,827
up €42,827 (+81.8%), from €52,349 to €95,176
mainly Net result for the year (+€36,891) and Tax, wage and social debts (+€2,323)
- Tangible fixed assets -€1,667
down €1,667 (-64.6%), from €2,580 to €913
- Reserves +€36,891
up €36,891 (+66.1%), from €55,828 to €92,719
- Tax, wage and social debts +€2,323
up €2,323 (+774%), from €300 to €2,623
- Trade debts +€1,531
up €1,531 (+90.8%), from €1,686 to €3,217
- Accrued charges and deferred income +€1,424
new in 2025: €1,424
- Gross operating margin +€11,252
up €11,252 (+28.3%), from €39,747 to €50,999
- Taxes +€2,709
up €2,709 (+34.0%), from €7,964 to €10,673
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 | €61,147 | €102,673 | +€41,526 | +67.9% |
| Fixed assets | 21/28 | €2,580 | €913 | -€1,667 | -64.6% |
| Tangible fixed assets | 22/27 | €2,580 | €913 | -€1,667 | -64.6% |
| Furniture and vehicles | 24 | €2,580 | €913 | -€1,667 | -64.6% |
| Current assets | 29/58 | €58,567 | €101,760 | +€43,192 | +73.7% |
| Amounts receivable within one year | 40/41 | €6,211 | €6,522 | +€312 | +5.0% |
| Trade receivables | 40 | €6,155 | €6,522 | +€367 | +6.0% |
| Other amounts receivable | 41 | €55 | €0 | -€55 | -100% |
| Cash at bank and in hand | 54/58 | €52,349 | €95,176 | +€42,827 | +81.8% |
| Deferred charges and accrued income | 490/1 | €8 | €62 | +€54 | +717% |
| Total equity and liabilities | 10/49 | €61,147 | €102,673 | +€41,526 | +67.9% |
| Equity | 10/15 | €58,328 | €95,219 | +€36,891 | +63.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €55,828 | €92,719 | +€36,891 | +66.1% |
| Distributable reserves | 133 | €55,828 | €92,719 | +€36,891 | +66.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,819 | €7,453 | +€4,635 | +164% |
| Amounts payable within one year | 42/48 | €2,819 | €6,029 | +€3,210 | +114% |
| Trade debts | 44 | €1,686 | €3,217 | +€1,531 | +90.8% |
| Suppliers | 440/4 | €1,686 | €3,217 | +€1,531 | +90.8% |
| Taxes, remuneration and social security | 45 | €300 | €2,623 | +€2,323 | +774% |
| Taxes | 450/3 | €300 | €2,623 | +€2,323 | +774% |
| Other amounts payable | 47/48 | €833 | €189 | -€644 | -77.3% |
| Accrued charges and deferred income | 492/3 | - | €1,424 | +€1,424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | €1,667 | = | 0.0% |
| Other operating charges | 640/8 | €1,606 | €1,726 | +€120 | +7.5% |
| Gross operating margin | 9900 | €39,747 | €50,999 | +€11,252 | +28.3% |
| Operating profit (loss) | 9901 | €36,475 | €47,607 | +€11,132 | +30.5% |
| Financial charges | 65/66B | €69 | €43 | -€26 | -37.4% |
| Recurring financial charges | 65 | €69 | €43 | -€26 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €36,406 | €47,564 | +€11,158 | +30.6% |
| Income taxes | 67/77 | €7,964 | €10,673 | +€2,709 | +34.0% |
| Profit (loss) for the period | 9904 | €28,442 | €36,891 | +€8,449 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,442 | €36,891 | +€8,449 | +29.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.