Physiq: 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.
Physiq
Largest movements
- Tangible fixed assets -€11,434
down €11,434 (-24.7%), from €46,233 to €34,799
of which Furniture and vehicles: -€11,021
- Cash +€10,849
up €10,849 (+370.1%), from €2,931 to €13,780
mainly Net result for the year (+€13,151) and Depreciation (+€11,434)
- Receivables within one year +€4,547
up €4,547 (+753.3%), from €604 to €5,151
of which Trade receivables: +€5,151
- Other debts -€14,769
down €14,769 (-41.2%), from €35,842 to €21,073
- Profit (loss) carried forward +€9,801
up €9,801 (+292.5%), from €3,350 to €13,151
- Tax, wage and social debts +€4,866
up €4,866 (+408.2%), from €1,192 to €6,059
- Reserves +€3,350
up €3,350 (+46.1%), from €7,274 to €10,625
- Gross operating margin +€15,779
up €15,779 (+105.3%), from €14,985 to €30,764
- Taxes +€3,674
up €3,674 (+308.2%), from €1,192 to €4,866
- Depreciation +€1,824
up €1,824 (+19.0%), from €9,611 to €11,434
- Other operating charges +€437
up €437 (+56.3%), from €778 to €1,215
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 | €50,601 | €54,366 | +€3,765 | +7.4% |
| Fixed assets | 21/28 | €46,233 | €34,799 | -€11,434 | -24.7% |
| Tangible fixed assets | 22/27 | €46,233 | €34,799 | -€11,434 | -24.7% |
| Plant, machinery and equipment | 23 | €1,750 | €1,337 | -€414 | -23.6% |
| Furniture and vehicles | 24 | €44,483 | €33,462 | -€11,021 | -24.8% |
| Current assets | 29/58 | €4,368 | €19,568 | +€15,199 | +347.9% |
| Amounts receivable within one year | 40/41 | €604 | €5,151 | +€4,547 | +753.3% |
| Trade receivables | 40 | - | €5,151 | +€5,151 | |
| Other amounts receivable | 41 | €604 | - | -€604 | |
| Cash at bank and in hand | 54/58 | €2,931 | €13,780 | +€10,849 | +370.1% |
| Deferred charges and accrued income | 490/1 | €833 | €636 | -€197 | -23.6% |
| Total equity and liabilities | 10/49 | €50,601 | €54,366 | +€3,765 | +7.4% |
| Equity | 10/15 | €13,125 | €26,276 | +€13,151 | +100.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,274 | €10,625 | +€3,350 | +46.1% |
| Distributable reserves | 133 | €7,274 | €10,625 | +€3,350 | +46.1% |
| Profit (loss) carried forward | 14 | €3,350 | €13,151 | +€9,801 | +292.5% |
| Amounts payable | 17/49 | €37,476 | €28,090 | -€9,386 | -25.0% |
| Amounts payable within one year | 42/48 | €37,476 | €28,090 | -€9,386 | -25.0% |
| Trade debts | 44 | €442 | €959 | +€516 | +116.7% |
| Suppliers | 440/4 | €442 | €959 | +€516 | +116.7% |
| Taxes, remuneration and social security | 45 | €1,192 | €6,059 | +€4,866 | +408.2% |
| Taxes | 450/3 | €1,192 | €6,059 | +€4,866 | +408.2% |
| Other amounts payable | 47/48 | €35,842 | €21,073 | -€14,769 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,611 | €11,434 | +€1,824 | +19.0% |
| Other operating charges | 640/8 | €778 | €1,215 | +€437 | +56.3% |
| Gross operating margin | 9900 | €14,985 | €30,764 | +€15,779 | +105.3% |
| Operating profit (loss) | 9901 | €4,597 | €18,115 | +€13,518 | +294.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €55 | €97 | +€42 | +75.8% |
| Recurring financial charges | 65 | €55 | €97 | +€42 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €4,542 | €18,017 | +€13,475 | +296.6% |
| Income taxes | 67/77 | €1,192 | €4,866 | +€3,674 | +308.2% |
| Profit (loss) for the period | 9904 | €3,350 | €13,151 | +€9,801 | +292.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,350 | €13,151 | +€9,801 | +292.5% |
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 29 September 2026 via checked.be.