PHYSIOSAN: 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.
PHYSIOSAN
Largest movements
- Cash +€3,875
up €3,875 (+5.4%), from €72,269 to €76,143
mainly Net result for the year (+€73,191) and Current portion of long-term debt (+€20,000)
- Tangible fixed assets +€2,722
up €2,722 (+259.9%), from €1,048 to €3,770
- Current portion of long-term debt +€20,000
new in 2025: €20,000
- Other debts -€11,638
down €11,638 (-18.5%), from €62,872 to €51,234
- Tax, wage and social debts -€2,443
down €2,443 (-4.3%), from €56,367 to €53,924
of which Taxes: -€4,988
- Staff costs +€18,665
up €18,665 (+1273.0%), from €1,466 to €20,131
- Taxes -€4,919
down €4,919 (-20.5%), from €24,005 to €19,086
- Gross operating margin -€3,436
down €3,436 (-2.9%), from €117,283 to €113,847
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 | €125,379 | €132,066 | +€6,687 | +5.3% |
| Formation expenses | 20 | €453 | - | -€453 | |
| Fixed assets | 21/28 | €1,320 | €4,042 | +€2,722 | +206.3% |
| Tangible fixed assets | 22/27 | €1,048 | €3,770 | +€2,722 | +259.9% |
| Furniture and vehicles | 24 | €1,048 | €3,770 | +€2,722 | +259.9% |
| Financial fixed assets | 28 | €272 | €272 | = | 0.0% |
| Current assets | 29/58 | €123,606 | €128,024 | +€4,418 | +3.6% |
| Amounts receivable within one year | 40/41 | €51,325 | €51,513 | +€188 | +0.4% |
| Other amounts receivable | 41 | €51,325 | €51,513 | +€188 | +0.4% |
| Cash at bank and in hand | 54/58 | €72,269 | €76,143 | +€3,875 | +5.4% |
| Deferred charges and accrued income | 490/1 | €12 | €367 | +€355 | +2986.4% |
| Total equity and liabilities | 10/49 | €125,379 | €132,066 | +€6,687 | +5.3% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €123,379 | €130,066 | +€6,687 | +5.4% |
| Amounts payable within one year | 42/48 | €123,379 | €130,066 | +€6,687 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €4,140 | €4,908 | +€768 | +18.5% |
| Suppliers | 440/4 | €4,140 | €4,908 | +€768 | +18.5% |
| Taxes, remuneration and social security | 45 | €56,367 | €53,924 | -€2,443 | -4.3% |
| Taxes | 450/3 | €50,950 | €45,963 | -€4,988 | -9.8% |
| Remuneration and social security | 454/9 | €5,416 | €7,961 | +€2,545 | +47.0% |
| Other amounts payable | 47/48 | €62,872 | €51,234 | -€11,638 | -18.5% |
| Remuneration, social security and pensions | 62 | €1,466 | €20,131 | +€18,665 | +1273.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,392 | €879 | -€513 | -36.9% |
| Other operating charges | 640/8 | €598 | €477 | -€121 | -20.3% |
| Gross operating margin | 9900 | €117,283 | €113,847 | -€3,436 | -2.9% |
| Operating profit (loss) | 9901 | €113,827 | €92,360 | -€21,466 | -18.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5 | €83 | +€79 | +1711.3% |
| Recurring financial charges | 65 | €5 | €83 | +€79 | +1711.3% |
| Profit (loss) for the period before taxes | 9903 | €113,822 | €92,277 | -€21,545 | -18.9% |
| Income taxes | 67/77 | €24,005 | €19,086 | -€4,919 | -20.5% |
| Profit (loss) for the period | 9904 | €89,817 | €73,191 | -€16,626 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,817 | €73,191 | -€16,626 | -18.5% |
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 3 October 2026 via checked.be.