PHYSIOX: 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.
PHYSIOX
Largest movements
- Cash -€24,494
down €24,494 (-96.4%), from €25,402 to €907
mainly Net result for the year (-€17,280) and Debts after one year (-€10,396)
- Intangible fixed assets -€7,500
down €7,500 (-14.1%), from €53,116 to €45,616
- Tangible fixed assets -€4,693
down €4,693 (-15.2%), from €30,876 to €26,184
- Profit (loss) carried forward -€17,280
down €17,280 (-42.0%), from €41,118 to €23,838
- Debts after one year -€10,396
down €10,396 (-59.4%), from €17,500 to €7,104
- Other debts -€9,636
down €9,636 (-26.4%), from €36,470 to €26,834
- Gross operating margin -€10,840
down €10,840 (-75.8%), from €14,297 to €3,457
- Financial charges -€305
down €305 (-27.3%), from €1,114 to €810
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 | €110,569 | €73,919 | -€36,650 | -33.1% |
| Fixed assets | 21/28 | €84,096 | €71,903 | -€12,193 | -14.5% |
| Intangible fixed assets | 21 | €53,116 | €45,616 | -€7,500 | -14.1% |
| Tangible fixed assets | 22/27 | €30,876 | €26,184 | -€4,693 | -15.2% |
| Furniture and vehicles | 24 | €30,876 | €26,184 | -€4,693 | -15.2% |
| Financial fixed assets | 28 | €103 | €103 | = | 0.0% |
| Current assets | 29/58 | €26,473 | €2,016 | -€24,458 | -92.4% |
| Amounts receivable within one year | 40/41 | €22 | €41 | +€19 | +83.2% |
| Other amounts receivable | 41 | €22 | €41 | +€19 | +83.2% |
| Cash at bank and in hand | 54/58 | €25,402 | €907 | -€24,494 | -96.4% |
| Deferred charges and accrued income | 490/1 | €1,049 | €1,067 | +€18 | +1.7% |
| Total equity and liabilities | 10/49 | €110,569 | €73,919 | -€36,650 | -33.1% |
| Equity | 10/15 | €44,118 | €26,838 | -€17,280 | -39.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,118 | €23,838 | -€17,280 | -42.0% |
| Amounts payable | 17/49 | €66,451 | €47,081 | -€19,371 | -29.2% |
| Amounts payable after more than one year | 17 | €17,500 | €7,104 | -€10,396 | -59.4% |
| Financial debts | 170/4 | €17,500 | €7,104 | -€10,396 | -59.4% |
| Amounts payable within one year | 42/48 | €48,952 | €39,976 | -€8,975 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €10,091 | €10,396 | +€305 | +3.0% |
| Trade debts | 44 | €1,665 | €1,776 | +€111 | +6.7% |
| Suppliers | 440/4 | €1,665 | €1,776 | +€111 | +6.7% |
| Taxes, remuneration and social security | 45 | €726 | €971 | +€245 | +33.7% |
| Taxes | 450/3 | €96 | €971 | +€875 | +908.6% |
| Remuneration and social security | 454/9 | €630 | - | -€630 | |
| Other amounts payable | 47/48 | €36,470 | €26,834 | -€9,636 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,489 | €19,440 | -€49 | -0.2% |
| Other operating charges | 640/8 | €536 | €548 | +€12 | +2.3% |
| Gross operating margin | 9900 | €14,297 | €3,457 | -€10,840 | -75.8% |
| Operating profit (loss) | 9901 | -€5,728 | -€16,532 | -€10,804 | -188.6% |
| Financial income | 75/76B | €81 | €62 | -€19 | -23.0% |
| Recurring financial income | 75 | €81 | €62 | -€19 | -23.0% |
| Financial charges | 65/66B | €1,114 | €810 | -€305 | -27.3% |
| Recurring financial charges | 65 | €1,114 | €810 | -€305 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,762 | -€17,280 | -€10,518 | -155.5% |
| Profit (loss) for the period | 9904 | -€6,762 | -€17,280 | -€10,518 | -155.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,762 | -€17,280 | -€10,518 | -155.5% |
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 12 October 2026 via checked.be.