PHYSIOMEGA: 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.
PHYSIOMEGA
Largest movements
- Tangible fixed assets +€42,381
up €42,381 (+39.6%), from €106,956 to €149,337
of which Other tangible fixed assets: +€44,105
- Intangible fixed assets -€9,869
down €9,869 (-16.5%), from €59,704 to €49,835
- Cash +€8,601
up €8,601 (+12.2%), from €70,472 to €79,073
mainly Debts after one year (+€32,252) and Net result for the year (+€18,969)
- Receivables within one year +€3,801
up €3,801 (+57.8%), from €6,571 to €10,372
- Debts after one year +€32,252
up €32,252 (+54.1%), from €59,635 to €91,887
- Reserves +€18,969
up €18,969 (+23.5%), from €80,847 to €99,816
- Other debts -€14,333
down €14,333 (-15.1%), from €95,230 to €80,897
- Current portion of long-term debt +€4,153
up €4,153 (+81.7%), from €5,081 to €9,233
- Accrued charges and deferred income +€3,732
new in 2025: €3,732
- Gross operating margin -€14,478
down €14,478 (-26.7%), from €54,125 to €39,648
- Depreciation -€6,933
down €6,933 (-34.1%), from €20,308 to €13,375
- Taxes -€3,177
down €3,177 (-40.0%), from €7,952 to €4,775
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 | €245,166 | €289,914 | +€44,748 | +18.3% |
| Fixed assets | 21/28 | €166,660 | €199,172 | +€32,512 | +19.5% |
| Intangible fixed assets | 21 | €59,704 | €49,835 | -€9,869 | -16.5% |
| Tangible fixed assets | 22/27 | €106,956 | €149,337 | +€42,381 | +39.6% |
| Land and buildings | 22 | €101,290 | €100,810 | -€479 | -0.5% |
| Plant, machinery and equipment | 23 | €2,069 | €2,461 | +€392 | +19.0% |
| Furniture and vehicles | 24 | €3,598 | €1,962 | -€1,636 | -45.5% |
| Other tangible fixed assets | 26 | - | €44,105 | +€44,105 | |
| Current assets | 29/58 | €78,506 | €90,742 | +€12,236 | +15.6% |
| Amounts receivable within one year | 40/41 | €6,571 | €10,372 | +€3,801 | +57.8% |
| Other amounts receivable | 41 | €6,571 | €10,372 | +€3,801 | +57.8% |
| Cash at bank and in hand | 54/58 | €70,472 | €79,073 | +€8,601 | +12.2% |
| Deferred charges and accrued income | 490/1 | €1,463 | €1,297 | -€166 | -11.3% |
| Total equity and liabilities | 10/49 | €245,166 | €289,914 | +€44,748 | +18.3% |
| Equity | 10/15 | €83,847 | €102,816 | +€18,969 | +22.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €80,847 | €99,816 | +€18,969 | +23.5% |
| Distributable reserves | 133 | €80,847 | €99,816 | +€18,969 | +23.5% |
| Amounts payable | 17/49 | €161,319 | €187,098 | +€25,779 | +16.0% |
| Amounts payable after more than one year | 17 | €59,635 | €91,887 | +€32,252 | +54.1% |
| Financial debts | 170/4 | €59,635 | €91,887 | +€32,252 | +54.1% |
| Amounts payable within one year | 42/48 | €101,684 | €91,479 | -€10,205 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €5,081 | €9,233 | +€4,153 | +81.7% |
| Trade debts | 44 | €1,373 | €1,349 | -€24 | -1.8% |
| Suppliers | 440/4 | €1,373 | €1,349 | -€24 | -1.8% |
| Other amounts payable | 47/48 | €95,230 | €80,897 | -€14,333 | -15.1% |
| Accrued charges and deferred income | 492/3 | - | €3,732 | +€3,732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,308 | €13,375 | -€6,933 | -34.1% |
| Other operating charges | 640/8 | €1,102 | €1,291 | +€189 | +17.2% |
| Gross operating margin | 9900 | €54,125 | €39,648 | -€14,478 | -26.7% |
| Operating profit (loss) | 9901 | €32,716 | €24,982 | -€7,734 | -23.6% |
| Financial charges | 65/66B | €1,206 | €1,238 | +€32 | +2.6% |
| Recurring financial charges | 65 | €997 | €1,238 | +€241 | +24.2% |
| Non-recurring financial charges | 66B | €209 | - | -€209 | |
| Profit (loss) for the period before taxes | 9903 | €31,509 | €23,744 | -€7,766 | -24.6% |
| Income taxes | 67/77 | €7,952 | €4,775 | -€3,177 | -40.0% |
| Profit (loss) for the period | 9904 | €23,557 | €18,969 | -€4,588 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,557 | €18,969 | -€4,588 | -19.5% |
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 29 September 2026 via checked.be.