PHYSIOVITH: 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.
PHYSIOVITH
Largest movements
- Cash +€270,271
up €270,271 (+181.3%), from €149,071 to €419,341
mainly Net result for the year (+€109,611) and Current investments (+€100,000)
- Current investments -€100,000
down €100,000 (-47.6%), from €210,000 to €110,000
- Receivables within one year +€28,936
up €28,936 (+11.0%), from €262,900 to €291,836
- Tangible fixed assets -€14,852
down €14,852 (-15.5%), from €95,927 to €81,075
of which Plant, machinery and equipment: -€13,677
- Reserves +€109,611
up €109,611 (+40.3%), from €272,307 to €381,918
- Accrued charges and deferred income +€63,866
up €63,866 (+17.5%), from €364,218 to €428,084
- Tax, wage and social debts +€25,991
up €25,991 (+86.0%), from €30,213 to €56,204
of which Taxes: +€19,837
- Debts after one year -€11,836
down €11,836 (-28.2%), from €42,025 to €30,189
- Gross operating margin +€50,738
up €50,738 (+24.2%), from €209,798 to €260,536
- Taxes +€15,934
up €15,934 (+49.6%), from €32,133 to €48,067
- Financial income +€12,218
up €12,218 (+503.4%), from €2,427 to €14,644
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 | €753,062 | €937,888 | +€184,826 | +24.5% |
| Fixed assets | 21/28 | €124,854 | €109,024 | -€15,830 | -12.7% |
| Intangible fixed assets | 21 | €978 | - | -€978 | |
| Tangible fixed assets | 22/27 | €95,927 | €81,075 | -€14,852 | -15.5% |
| Plant, machinery and equipment | 23 | €93,985 | €80,308 | -€13,677 | -14.6% |
| Furniture and vehicles | 24 | €1,942 | €767 | -€1,175 | -60.5% |
| Financial fixed assets | 28 | €27,949 | €27,949 | = | 0.0% |
| Current assets | 29/58 | €628,208 | €828,864 | +€200,656 | +31.9% |
| Amounts receivable within one year | 40/41 | €262,900 | €291,836 | +€28,936 | +11.0% |
| Trade receivables | 40 | €262,900 | €291,836 | +€28,936 | +11.0% |
| Current investments | 50/53 | €210,000 | €110,000 | -€100,000 | -47.6% |
| Cash at bank and in hand | 54/58 | €149,071 | €419,341 | +€270,271 | +181.3% |
| Deferred charges and accrued income | 490/1 | €6,238 | €7,687 | +€1,449 | +23.2% |
| Total equity and liabilities | 10/49 | €753,062 | €937,888 | +€184,826 | +24.5% |
| Equity | 10/15 | €297,307 | €406,918 | +€109,611 | +36.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €272,307 | €381,918 | +€109,611 | +40.3% |
| Distributable reserves | 133 | €272,307 | €381,918 | +€109,611 | +40.3% |
| Amounts payable | 17/49 | €455,755 | €530,970 | +€75,215 | +16.5% |
| Amounts payable after more than one year | 17 | €42,025 | €30,189 | -€11,836 | -28.2% |
| Financial debts | 170/4 | €42,025 | €30,189 | -€11,836 | -28.2% |
| Amounts payable within one year | 42/48 | €49,512 | €72,697 | +€23,185 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €11,724 | €11,836 | +€112 | +1.0% |
| Trade debts | 44 | €7,575 | €4,656 | -€2,919 | -38.5% |
| Suppliers | 440/4 | €7,575 | €4,656 | -€2,919 | -38.5% |
| Taxes, remuneration and social security | 45 | €30,213 | €56,204 | +€25,991 | +86.0% |
| Taxes | 450/3 | €13,958 | €33,795 | +€19,837 | +142.1% |
| Remuneration and social security | 454/9 | €16,255 | €22,410 | +€6,155 | +37.9% |
| Accrued charges and deferred income | 492/3 | €364,218 | €428,084 | +€63,866 | +17.5% |
| Remuneration, social security and pensions | 62 | €89,938 | €91,960 | +€2,022 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,664 | €20,134 | +€1,470 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,419 | +€1,419 | |
| Other operating charges | 640/8 | €1,460 | €3,118 | +€1,658 | +113.6% |
| Gross operating margin | 9900 | €209,798 | €260,536 | +€50,738 | +24.2% |
| Operating profit (loss) | 9901 | €99,736 | €143,905 | +€44,169 | +44.3% |
| Financial income | 75/76B | €2,427 | €14,644 | +€12,218 | +503.4% |
| Recurring financial income | 75 | €2,427 | €14,644 | +€12,218 | +503.4% |
| Financial charges | 65/66B | €1,012 | €871 | -€141 | -13.9% |
| Recurring financial charges | 65 | €1,012 | €871 | -€141 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €101,151 | €157,678 | +€56,527 | +55.9% |
| Income taxes | 67/77 | €32,133 | €48,067 | +€15,934 | +49.6% |
| Profit (loss) for the period | 9904 | €69,018 | €109,611 | +€40,593 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,018 | €109,611 | +€40,593 | +58.8% |
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 30 September 2026 via checked.be.