PHYSIS IT: 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.
PHYSIS IT
Largest movements
- Receivables within one year -€13,483
down €13,483 (-21.6%), from €62,437 to €48,954
of which Trade receivables: -€25,089
- Current investments +€13,000
up €13,000 (+18.3%), from €71,075 to €84,075
- Cash +€8,823
up €8,823 (+8.9%), from €99,503 to €108,326
mainly Net result for the year (+€40,477) and Other debts (+€36,548)
- Tangible fixed assets -€5,873
down €5,873 (-6.0%), from €97,714 to €91,841
of which Land and buildings: -€5,736
- Other debts +€36,548
up €36,548 (+107.8%), from €33,911 to €70,459
- Reserves -€20,679
down €20,679 (-7.6%), from €272,790 to €252,111
of which Distributable reserves: -€20,679
- Tax, wage and social debts -€10,290
down €10,290 (-64.7%), from €15,915 to €5,625
- Depreciation -€10,938
down €10,938 (-60.6%), from €18,049 to €7,111
- Gross operating margin -€8,760
down €8,760 (-11.8%), from €74,451 to €65,691
- Financial income -€893
down €893 (-61.5%), from €1,454 to €560
- Taxes -€879
down €879 (-5.1%), from €17,378 to €16,499
- Financial charges +€855
up €855 (+164.0%), from €521 to €1,376
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 | €332,058 | €334,595 | +€2,537 | +0.8% |
| Fixed assets | 21/28 | €97,714 | €91,841 | -€5,873 | -6.0% |
| Tangible fixed assets | 22/27 | €97,714 | €91,841 | -€5,873 | -6.0% |
| Land and buildings | 22 | €95,544 | €89,808 | -€5,736 | -6.0% |
| Furniture and vehicles | 24 | €2,170 | €2,033 | -€137 | -6.3% |
| Current assets | 29/58 | €234,344 | €242,754 | +€8,410 | +3.6% |
| Amounts receivable within one year | 40/41 | €62,437 | €48,954 | -€13,483 | -21.6% |
| Trade receivables | 40 | €60,548 | €35,459 | -€25,089 | -41.4% |
| Other amounts receivable | 41 | €1,888 | €13,495 | +€11,606 | +614.6% |
| Current investments | 50/53 | €71,075 | €84,075 | +€13,000 | +18.3% |
| Cash at bank and in hand | 54/58 | €99,503 | €108,326 | +€8,823 | +8.9% |
| Deferred charges and accrued income | 490/1 | €1,329 | €1,399 | +€70 | +5.3% |
| Total equity and liabilities | 10/49 | €332,058 | €334,595 | +€2,537 | +0.8% |
| Equity | 10/15 | €279,190 | €258,511 | -€20,679 | -7.4% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €272,790 | €252,111 | -€20,679 | -7.6% |
| Non-distributable reserves | 130/1 | €5,551 | €5,551 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,551 | €5,551 | = | 0.0% |
| Distributable reserves | 133 | €267,239 | €246,560 | -€20,679 | -7.7% |
| Amounts payable | 17/49 | €52,868 | €76,084 | +€23,216 | +43.9% |
| Amounts payable within one year | 42/48 | €52,868 | €76,084 | +€23,216 | +43.9% |
| Trade debts | 44 | €3,042 | - | -€3,042 | |
| Suppliers | 440/4 | €3,042 | - | -€3,042 | |
| Taxes, remuneration and social security | 45 | €15,915 | €5,625 | -€10,290 | -64.7% |
| Taxes | 450/3 | €15,915 | €5,625 | -€10,290 | -64.7% |
| Other amounts payable | 47/48 | €33,911 | €70,459 | +€36,548 | +107.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,049 | €7,111 | -€10,938 | -60.6% |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | €74,451 | €65,691 | -€8,760 | -11.8% |
| Operating profit (loss) | 9901 | €56,402 | €57,793 | +€1,391 | +2.5% |
| Financial income | 75/76B | €1,454 | €560 | -€893 | -61.5% |
| Recurring financial income | 75 | €1,454 | €560 | -€893 | -61.5% |
| Financial charges | 65/66B | €521 | €1,376 | +€855 | +164.0% |
| Recurring financial charges | 65 | €521 | €1,376 | +€855 | +164.0% |
| Profit (loss) for the period before taxes | 9903 | €57,334 | €56,977 | -€357 | -0.6% |
| Income taxes | 67/77 | €17,378 | €16,499 | -€879 | -5.1% |
| Profit (loss) for the period | 9904 | €39,956 | €40,477 | +€521 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,956 | €40,477 | +€521 | +1.3% |
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.