PHYSIOVET SF: 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.
PHYSIOVET SF
Largest movements
- Tangible fixed assets -€14,143
down €14,143 (-21.1%), from €66,987 to €52,843
of which Leasing and similar rights: -€11,865
- Receivables within one year +€9,431
up €9,431 (+37.7%), from €25,000 to €34,431
of which Other amounts receivable: +€4,720
- Intangible fixed assets +€1,907
up €1,907 (+203%), from €938 to €2,845
- Cash +€1,634
up €1,634 (+4.2%), from €38,738 to €40,372
mainly Other debts (+€41,586) and Depreciation (+€21,032)
- Other debts +€41,586
up €41,586 (+111%), from €37,609 to €79,195
- Reserves -€28,895
no longer reported in 2025 (was €28,895)
- Debts after one year -€13,755
down €13,755 (-61.2%), from €22,489 to €8,734
- Tax, wage and social debts -€5,936
down €5,936 (-57.5%), from €10,318 to €4,382
- Trade debts +€4,577
up €4,577 (+23.0%), from €19,882 to €24,460
of which Suppliers: +€3,689
- Gross operating margin -€10,070
down €10,070 (-19.5%), from €51,562 to €41,492
- Depreciation -€3,819
down €3,819 (-15.4%), from €24,851 to €21,032
- Taxes -€1,435
down €1,435 (-27.5%), from €5,221 to €3,785
- Write-downs +€538
new in 2025: €538
- Other operating charges +€528
up €528 (+66.9%), from €789 to €1,316
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 | €141,556 | €139,583 | -€1,973 | -1.4% |
| Fixed assets | 21/28 | €67,924 | €55,688 | -€12,236 | -18.0% |
| Intangible fixed assets | 21 | €938 | €2,845 | +€1,907 | +203% |
| Tangible fixed assets | 22/27 | €66,987 | €52,843 | -€14,143 | -21.1% |
| Plant, machinery and equipment | 23 | €31,548 | €30,789 | -€759 | -2.4% |
| Furniture and vehicles | 24 | €266 | €86 | -€180 | -67.7% |
| Leasing and similar rights | 25 | €26,693 | €14,828 | -€11,865 | -44.5% |
| Other tangible fixed assets | 26 | €8,480 | €7,141 | -€1,339 | -15.8% |
| Current assets | 29/58 | €73,632 | €83,894 | +€10,262 | +13.9% |
| Stocks and contracts in progress | 3 | €9,367 | €8,562 | -€805 | -8.6% |
| Stocks | 30/36 | €9,367 | €8,562 | -€805 | -8.6% |
| Amounts receivable within one year | 40/41 | €25,000 | €34,431 | +€9,431 | +37.7% |
| Trade receivables | 40 | €25,000 | €29,711 | +€4,711 | +18.8% |
| Other amounts receivable | 41 | - | €4,720 | +€4,720 | |
| Cash at bank and in hand | 54/58 | €38,738 | €40,372 | +€1,634 | +4.2% |
| Deferred charges and accrued income | 490/1 | €527 | €530 | +€3 | +0.5% |
| Total equity and liabilities | 10/49 | €141,556 | €139,583 | -€1,973 | -1.4% |
| Equity | 10/15 | €31,895 | €3,000 | -€28,895 | -90.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,895 | - | -€28,895 | |
| Distributable reserves | 133 | €28,895 | - | -€28,895 | |
| Amounts payable | 17/49 | €109,661 | €136,583 | +€26,921 | +24.5% |
| Amounts payable after more than one year | 17 | €22,489 | €8,734 | -€13,755 | -61.2% |
| Financial debts | 170/4 | €22,489 | €8,734 | -€13,755 | -61.2% |
| Amounts payable within one year | 42/48 | €87,107 | €127,782 | +€40,675 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | €18,434 | €19,124 | +€690 | +3.7% |
| Financial debts | 43 | €864 | - | -€864 | |
| Credit institutions | 430/8 | €864 | - | -€864 | |
| Trade debts | 44 | €19,882 | €24,460 | +€4,577 | +23.0% |
| Suppliers | 440/4 | €19,882 | €23,571 | +€3,689 | +18.6% |
| Bills of exchange payable | 441 | - | €888 | +€888 | |
| Advances received on contracts in progress | 46 | - | €622 | +€622 | |
| Taxes, remuneration and social security | 45 | €10,318 | €4,382 | -€5,936 | -57.5% |
| Taxes | 450/3 | €10,318 | €4,382 | -€5,936 | -57.5% |
| Other amounts payable | 47/48 | €37,609 | €79,195 | +€41,586 | +111% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,851 | €21,032 | -€3,819 | -15.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €538 | +€538 | |
| Other operating charges | 640/8 | €789 | €1,316 | +€528 | +66.9% |
| Gross operating margin | 9900 | €51,562 | €41,492 | -€10,070 | -19.5% |
| Operating profit (loss) | 9901 | €25,922 | €18,606 | -€7,316 | -28.2% |
| Financial income | 75/76B | €54 | €0 | -€53 | -99.6% |
| Recurring financial income | 75 | €54 | €0 | -€53 | -99.6% |
| Financial charges | 65/66B | €1,939 | €1,487 | -€452 | -23.3% |
| Recurring financial charges | 65 | €1,939 | €1,487 | -€452 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €24,036 | €17,119 | -€6,917 | -28.8% |
| Income taxes | 67/77 | €5,221 | €3,785 | -€1,435 | -27.5% |
| Profit (loss) for the period | 9904 | €18,816 | €13,334 | -€5,482 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,816 | €13,334 | -€5,482 | -29.1% |
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 20 October 2026 via checked.be.