PHYSIODEL: 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.
PHYSIODEL
Largest movements
- Deferred charges and accrued income +€11,175
up €11,175 (+254.5%), from €4,392 to €15,567
- Cash -€4,591
down €4,591 (-45.8%), from €10,027 to €5,436
mainly Other debts (-€14,286) and Deferred charges and accrued income (-€11,175)
- Receivables within one year -€3,628
down €3,628 (-9.7%), from €37,364 to €33,737
of which Trade receivables: -€5,000
- Reserves +€17,000
up €17,000 (+142.9%), from €11,900 to €28,900
- Other debts -€14,286
no longer reported in 2025 (was €14,286)
- Tax, wage and social debts -€1,800
down €1,800 (-51.4%), from €3,500 to €1,700
- Trade debts +€1,681
up €1,681 (+135.2%), from €1,243 to €2,924
- Gross operating margin +€10,206
up €10,206 (+52.2%), from €19,551 to €29,757
- Other operating charges +€4,140
up €4,140 (+240.9%), from €1,718 to €5,858
- Taxes +€1,618
up €1,618 (+26.6%), from €6,076 to €7,694
- Financial income +€1,159
up €1,159 (+196.5%), from €590 to €1,749
- Financial charges -€946
down €946 (-80.9%), from €1,169 to €223
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 | €52,020 | €54,739 | +€2,719 | +5.2% |
| Fixed assets | 21/28 | €236 | - | -€236 | |
| Tangible fixed assets | 22/27 | €236 | - | -€236 | |
| Furniture and vehicles | 24 | €236 | - | -€236 | |
| Current assets | 29/58 | €51,783 | €54,739 | +€2,956 | +5.7% |
| Amounts receivable within one year | 40/41 | €37,364 | €33,737 | -€3,628 | -9.7% |
| Trade receivables | 40 | €5,500 | €500 | -€5,000 | -90.9% |
| Other amounts receivable | 41 | €31,864 | €33,237 | +€1,372 | +4.3% |
| Cash at bank and in hand | 54/58 | €10,027 | €5,436 | -€4,591 | -45.8% |
| Deferred charges and accrued income | 490/1 | €4,392 | €15,567 | +€11,175 | +254.5% |
| Total equity and liabilities | 10/49 | €52,020 | €54,739 | +€2,719 | +5.2% |
| Equity | 10/15 | €32,620 | €50,115 | +€17,495 | +53.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,900 | €28,900 | +€17,000 | +142.9% |
| Distributable reserves | 133 | €11,900 | €28,900 | +€17,000 | +142.9% |
| Profit (loss) carried forward | 14 | €8,320 | €8,815 | +€495 | +5.9% |
| Amounts payable | 17/49 | €19,400 | €4,624 | -€14,775 | -76.2% |
| Amounts payable within one year | 42/48 | €19,400 | €4,624 | -€14,775 | -76.2% |
| Current portion of amounts payable after more than one year | 42 | €371 | - | -€371 | |
| Trade debts | 44 | €1,243 | €2,924 | +€1,681 | +135.2% |
| Suppliers | 440/4 | €1,243 | €2,924 | +€1,681 | +135.2% |
| Taxes, remuneration and social security | 45 | €3,500 | €1,700 | -€1,800 | -51.4% |
| Taxes | 450/3 | €3,500 | €1,700 | -€1,800 | -51.4% |
| Other amounts payable | 47/48 | €14,286 | - | -€14,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328 | €236 | -€92 | -27.9% |
| Other operating charges | 640/8 | €1,718 | €5,858 | +€4,140 | +240.9% |
| Gross operating margin | 9900 | €19,551 | €29,757 | +€10,206 | +52.2% |
| Operating profit (loss) | 9901 | €17,504 | €23,662 | +€6,158 | +35.2% |
| Financial income | 75/76B | €590 | €1,749 | +€1,159 | +196.5% |
| Recurring financial income | 75 | €590 | €1,749 | +€1,159 | +196.5% |
| Financial charges | 65/66B | €1,169 | €223 | -€946 | -80.9% |
| Recurring financial charges | 65 | €1,169 | €223 | -€946 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | €16,926 | €25,189 | +€8,263 | +48.8% |
| Income taxes | 67/77 | €6,076 | €7,694 | +€1,618 | +26.6% |
| Profit (loss) for the period | 9904 | €10,850 | €17,495 | +€6,645 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,850 | €17,495 | +€6,645 | +61.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.