Physioplus: 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.
Physioplus
Largest movements
- Receivables within one year +€49,604
up €49,604 (+57.9%), from €85,686 to €135,289
of which Other amounts receivable: +€57,541
- Cash +€20,246
up €20,246 (+103.0%), from €19,657 to €39,903
mainly Net result for the year (+€41,657) and Tax, wage and social debts (+€13,574)
- Reserves +€127,358
new in 2025: €127,358
- Profit (loss) carried forward -€85,702
no longer reported in 2025 (was €85,702)
- Tax, wage and social debts +€13,574
up €13,574 (+54.3%), from €25,010 to €38,584
of which Taxes: +€13,332
- Debts after one year +€10,503
new in 2025: €10,503
- Current portion of long-term debt +€2,131
new in 2025: €2,131
- Gross operating margin -€40,360
down €40,360 (-31.3%), from €128,886 to €88,527
- Staff costs +€19,008
up €19,008 (+197.1%), from €9,644 to €28,652
- Taxes -€11,650
down €11,650 (-46.7%), from €24,930 to €13,280
- Financial income +€3,302
up €3,302 (+157.6%), from €2,095 to €5,397
- Depreciation +€1,398
up €1,398 (+47.7%), from €2,929 to €4,328
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 | €113,711 | €181,576 | +€67,865 | +59.7% |
| Formation expenses | 20 | €523 | €0 | -€523 | -100.0% |
| Fixed assets | 21/28 | €7,846 | €6,384 | -€1,462 | -18.6% |
| Tangible fixed assets | 22/27 | €7,846 | €6,384 | -€1,462 | -18.6% |
| Plant, machinery and equipment | 23 | €7,442 | €6,167 | -€1,275 | -17.1% |
| Furniture and vehicles | 24 | €403 | €217 | -€187 | -46.3% |
| Current assets | 29/58 | €105,343 | €175,193 | +€69,850 | +66.3% |
| Amounts receivable within one year | 40/41 | €85,686 | €135,289 | +€49,604 | +57.9% |
| Trade receivables | 40 | €14,760 | €6,823 | -€7,937 | -53.8% |
| Other amounts receivable | 41 | €70,925 | €128,466 | +€57,541 | +81.1% |
| Cash at bank and in hand | 54/58 | €19,657 | €39,903 | +€20,246 | +103.0% |
| Total equity and liabilities | 10/49 | €113,711 | €181,576 | +€67,865 | +59.7% |
| Equity | 10/15 | €88,702 | €130,358 | +€41,657 | +47.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €127,358 | +€127,358 | |
| Distributable reserves | 133 | - | €127,358 | +€127,358 | |
| Profit (loss) carried forward | 14 | €85,702 | - | -€85,702 | |
| Amounts payable | 17/49 | €25,010 | €51,218 | +€26,208 | +104.8% |
| Amounts payable after more than one year | 17 | - | €10,503 | +€10,503 | |
| Financial debts | 170/4 | - | €10,503 | +€10,503 | |
| Amounts payable within one year | 42/48 | €25,010 | €40,715 | +€15,706 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,131 | +€2,131 | |
| Taxes, remuneration and social security | 45 | €25,010 | €38,584 | +€13,574 | +54.3% |
| Taxes | 450/3 | €25,010 | €38,342 | +€13,332 | +53.3% |
| Remuneration and social security | 454/9 | - | €243 | +€243 | |
| Remuneration, social security and pensions | 62 | €9,644 | €28,652 | +€19,008 | +197.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,929 | €4,328 | +€1,398 | +47.7% |
| Other operating charges | 640/8 | €2,615 | €2,192 | -€423 | -16.2% |
| Gross operating margin | 9900 | €128,886 | €88,527 | -€40,360 | -31.3% |
| Operating profit (loss) | 9901 | €113,698 | €53,356 | -€60,342 | -53.1% |
| Financial income | 75/76B | €2,095 | €5,397 | +€3,302 | +157.6% |
| Recurring financial income | 75 | €2,095 | €5,397 | +€3,302 | +157.6% |
| Financial charges | 65/66B | €5,161 | €3,816 | -€1,345 | -26.1% |
| Recurring financial charges | 65 | €5,161 | €3,816 | -€1,345 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €110,632 | €54,937 | -€55,695 | -50.3% |
| Income taxes | 67/77 | €24,930 | €13,280 | -€11,650 | -46.7% |
| Profit (loss) for the period | 9904 | €85,702 | €41,657 | -€44,045 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,702 | €41,657 | -€44,045 | -51.4% |
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.