PHYSIONALIX: 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.
PHYSIONALIX
Largest movements
- Tangible fixed assets -€13,148
down €13,148 (-6.1%), from €215,689 to €202,541
of which Land and buildings: -€10,247
- Receivables within one year +€4,860
up €4,860 (+76.1%), from €6,389 to €11,249
of which Trade receivables: +€6,482
- Cash +€3,683
up €3,683 (+55.1%), from €6,689 to €10,372
mainly Net result for the year (+€15,326) and Depreciation (+€13,148)
- Profit (loss) carried forward +€15,326
up €15,326, from -€2,732 to €12,594
- Debts after one year -€11,638
down €11,638 (-7.6%), from €152,356 to €140,718
- Trade debts -€4,350
down €4,350 (-31.0%), from €14,031 to €9,681
- Tax, wage and social debts -€2,939
down €2,939 (-71.2%), from €4,125 to €1,186
- Gross operating margin +€31,052
up €31,052 (+579%), from €5,360 to €36,412
- Depreciation +€1,901
up €1,901 (+16.9%), from €11,247 to €13,148
- Taxes +€1,012
up €1,012 (+578%), from €175 to €1,187
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 | €229,353 | €224,776 | -€4,577 | -2.0% |
| Fixed assets | 21/28 | €215,689 | €202,541 | -€13,148 | -6.1% |
| Tangible fixed assets | 22/27 | €215,689 | €202,541 | -€13,148 | -6.1% |
| Land and buildings | 22 | €198,219 | €187,972 | -€10,247 | -5.2% |
| Plant, machinery and equipment | 23 | €15,053 | €12,848 | -€2,205 | -14.6% |
| Furniture and vehicles | 24 | €2,417 | €1,721 | -€696 | -28.8% |
| Current assets | 29/58 | €13,664 | €22,235 | +€8,571 | +62.7% |
| Amounts receivable within one year | 40/41 | €6,389 | €11,249 | +€4,860 | +76.1% |
| Trade receivables | 40 | €4,022 | €10,504 | +€6,482 | +161% |
| Other amounts receivable | 41 | €2,367 | €745 | -€1,622 | -68.5% |
| Cash at bank and in hand | 54/58 | €6,689 | €10,372 | +€3,683 | +55.1% |
| Deferred charges and accrued income | 490/1 | €586 | €614 | +€28 | +4.8% |
| Total equity and liabilities | 10/49 | €229,353 | €224,776 | -€4,577 | -2.0% |
| Equity | 10/15 | €15,868 | €31,194 | +€15,326 | +96.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,732 | €12,594 | +€15,326 | |
| Amounts payable | 17/49 | €213,485 | €193,582 | -€19,903 | -9.3% |
| Amounts payable after more than one year | 17 | €152,356 | €140,718 | -€11,638 | -7.6% |
| Financial debts | 170/4 | €152,356 | €140,718 | -€11,638 | -7.6% |
| Amounts payable within one year | 42/48 | €61,129 | €52,864 | -€8,265 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €11,334 | €11,638 | +€304 | +2.7% |
| Trade debts | 44 | €14,031 | €9,681 | -€4,350 | -31.0% |
| Suppliers | 440/4 | €14,031 | €9,681 | -€4,350 | -31.0% |
| Taxes, remuneration and social security | 45 | €4,125 | €1,186 | -€2,939 | -71.2% |
| Taxes | 450/3 | €4,125 | €1,186 | -€2,939 | -71.2% |
| Other amounts payable | 47/48 | €31,639 | €30,359 | -€1,280 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,247 | €13,148 | +€1,901 | +16.9% |
| Other operating charges | 640/8 | €2,296 | €2,046 | -€250 | -10.9% |
| Gross operating margin | 9900 | €5,360 | €36,412 | +€31,052 | +579% |
| Operating profit (loss) | 9901 | -€8,183 | €21,218 | +€29,401 | |
| Financial income | 75/76B | €325 | €124 | -€201 | -61.8% |
| Recurring financial income | 75 | €325 | €124 | -€201 | -61.8% |
| Financial charges | 65/66B | €5,076 | €4,829 | -€247 | -4.9% |
| Recurring financial charges | 65 | €5,076 | €4,829 | -€247 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,934 | €16,513 | +€29,447 | |
| Income taxes | 67/77 | €175 | €1,187 | +€1,012 | +578% |
| Profit (loss) for the period | 9904 | -€13,109 | €15,326 | +€28,435 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,109 | €15,326 | +€28,435 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.