Physio-time: 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-time
Largest movements
- Cash -€22,988
down €22,988 (-41.6%), from €55,193 to €32,205
mainly Contributions, distributions and other (-€23,685) and Other debts (-€21,640)
- Receivables within one year -€8,532
down €8,532 (-49.5%), from €17,242 to €8,711
- Tangible fixed assets -€4,538
down €4,538 (-4.4%), from €103,208 to €98,670
of which Land and buildings: -€4,095
- Intangible fixed assets -€4,500
down €4,500 (-25.0%), from €18,000 to €13,500
- Other debts -€21,640
down €21,640 (-21.9%), from €98,829 to €77,188
- Debts after one year -€11,749
down €11,749 (-24.4%), from €48,065 to €36,316
- Tax, wage and social debts -€5,781
down €5,781 (-89.1%), from €6,485 to €704
of which Taxes: -€3,552
- Gross operating margin -€32,767
down €32,767 (-42.7%), from €76,795 to €44,028
- Taxes -€8,052
down €8,052 (-48.1%), from €16,756 to €8,704
- Depreciation -€1,778
down €1,778 (-16.4%), from €10,816 to €9,038
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,403 | €158,628 | -€38,775 | -19.6% |
| Fixed assets | 21/28 | €121,208 | €112,170 | -€9,038 | -7.5% |
| Intangible fixed assets | 21 | €18,000 | €13,500 | -€4,500 | -25.0% |
| Tangible fixed assets | 22/27 | €103,208 | €98,670 | -€4,538 | -4.4% |
| Land and buildings | 22 | €102,324 | €98,229 | -€4,095 | -4.0% |
| Plant, machinery and equipment | 23 | €555 | €345 | -€210 | -37.8% |
| Furniture and vehicles | 24 | €329 | €96 | -€233 | -70.9% |
| Current assets | 29/58 | €76,195 | €46,458 | -€29,737 | -39.0% |
| Amounts receivable within one year | 40/41 | €17,242 | €8,711 | -€8,532 | -49.5% |
| Trade receivables | 40 | €17,242 | €8,711 | -€8,532 | -49.5% |
| Cash at bank and in hand | 54/58 | €55,193 | €32,205 | -€22,988 | -41.6% |
| Deferred charges and accrued income | 490/1 | €3,759 | €5,542 | +€1,783 | +47.4% |
| Total equity and liabilities | 10/49 | €197,403 | €158,628 | -€38,775 | -19.6% |
| Equity | 10/15 | €22,905 | €22,905 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €174,498 | €135,723 | -€38,775 | -22.2% |
| Amounts payable after more than one year | 17 | €48,065 | €36,316 | -€11,749 | -24.4% |
| Financial debts | 170/4 | €48,065 | €36,316 | -€11,749 | -24.4% |
| Amounts payable within one year | 42/48 | €126,433 | €99,407 | -€27,026 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €11,575 | €11,749 | +€174 | +1.5% |
| Trade debts | 44 | €9,545 | €9,766 | +€221 | +2.3% |
| Suppliers | 440/4 | €9,545 | €9,766 | +€221 | +2.3% |
| Taxes, remuneration and social security | 45 | €6,485 | €704 | -€5,781 | -89.1% |
| Taxes | 450/3 | €4,256 | €704 | -€3,552 | -83.5% |
| Remuneration and social security | 454/9 | €2,229 | €0 | -€2,229 | -100.0% |
| Other amounts payable | 47/48 | €98,829 | €77,188 | -€21,640 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,816 | €9,038 | -€1,778 | -16.4% |
| Other operating charges | 640/8 | €1,166 | €1,357 | +€191 | +16.4% |
| Gross operating margin | 9900 | €76,795 | €44,028 | -€32,767 | -42.7% |
| Operating profit (loss) | 9901 | €64,813 | €33,634 | -€31,180 | -48.1% |
| Financial charges | 65/66B | €1,205 | €1,245 | +€40 | +3.3% |
| Recurring financial charges | 65 | €1,205 | €1,245 | +€40 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €63,609 | €32,389 | -€31,220 | -49.1% |
| Income taxes | 67/77 | €16,756 | €8,704 | -€8,052 | -48.1% |
| Profit (loss) for the period | 9904 | €46,853 | €23,685 | -€23,168 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,853 | €23,685 | -€23,168 | -49.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.