PHYZIK: 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.
PHYZIK
Largest movements
- Receivables within one year +€28,522
up €28,522 (+236%), from €12,099 to €40,622
of which Trade receivables: +€26,237
- Cash -€19,194
down €19,194 (-29.4%), from €65,245 to €46,052
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€28,522)
- Deferred charges and accrued income -€15,069
down €15,069 (-97.7%), from €15,416 to €347
- Tangible fixed assets -€9,516
down €9,516 (-34.1%), from €27,885 to €18,368
- Stocks and contracts -€1,468
down €1,468 (-100%), from €1,468 to €0
- Profit (loss) carried forward -€42,322
down €42,322 (-87.1%), from €48,569 to €6,247
- Other debts +€20,250
up €20,250 (+41.2%), from €49,127 to €69,377
- Trade debts +€11,800
up €11,800 (+875%), from €1,348 to €13,148
- Tax, wage and social debts -€6,452
down €6,452 (-49.4%), from €13,069 to €6,617
of which Taxes: -€7,023
- Gross operating margin -€41,283
down €41,283 (-35.8%), from €115,354 to €74,071
- Taxes -€21,356
down €21,356 (-78.3%), from €27,286 to €5,930
- Staff costs +€3,717
up €3,717 (+10.1%), from €36,796 to €40,514
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 | €122,113 | €105,389 | -€16,724 | -13.7% |
| Fixed assets | 21/28 | €27,885 | €18,368 | -€9,516 | -34.1% |
| Tangible fixed assets | 22/27 | €27,885 | €18,368 | -€9,516 | -34.1% |
| Furniture and vehicles | 24 | €27,885 | €18,368 | -€9,516 | -34.1% |
| Current assets | 29/58 | €94,229 | €87,021 | -€7,208 | -7.6% |
| Stocks and contracts in progress | 3 | €1,468 | €0 | -€1,468 | -100% |
| Stocks | 30/36 | €1,468 | €0 | -€1,468 | -100% |
| Amounts receivable within one year | 40/41 | €12,099 | €40,622 | +€28,522 | +236% |
| Trade receivables | 40 | €11,760 | €37,997 | +€26,237 | +223% |
| Other amounts receivable | 41 | €339 | €2,625 | +€2,285 | +674% |
| Cash at bank and in hand | 54/58 | €65,245 | €46,052 | -€19,194 | -29.4% |
| Deferred charges and accrued income | 490/1 | €15,416 | €347 | -€15,069 | -97.7% |
| Total equity and liabilities | 10/49 | €122,113 | €105,389 | -€16,724 | -13.7% |
| Equity | 10/15 | €58,569 | €16,247 | -€42,322 | -72.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,569 | €6,247 | -€42,322 | -87.1% |
| Amounts payable | 17/49 | €63,544 | €89,142 | +€25,597 | +40.3% |
| Amounts payable within one year | 42/48 | €63,544 | €89,142 | +€25,597 | +40.3% |
| Trade debts | 44 | €1,348 | €13,148 | +€11,800 | +875% |
| Suppliers | 440/4 | €1,348 | €13,148 | +€11,800 | +875% |
| Taxes, remuneration and social security | 45 | €13,069 | €6,617 | -€6,452 | -49.4% |
| Taxes | 450/3 | €7,023 | €0 | -€7,023 | -100% |
| Remuneration and social security | 454/9 | €6,046 | €6,617 | +€571 | +9.4% |
| Other amounts payable | 47/48 | €49,127 | €69,377 | +€20,250 | +41.2% |
| Remuneration, social security and pensions | 62 | €36,796 | €40,514 | +€3,717 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,348 | €9,516 | -€831 | -8.0% |
| Other operating charges | 640/8 | €356 | €294 | -€63 | -17.6% |
| Gross operating margin | 9900 | €115,354 | €74,071 | -€41,283 | -35.8% |
| Operating profit (loss) | 9901 | €67,854 | €23,747 | -€44,106 | -65.0% |
| Financial income | 75/76B | €5 | €13 | +€8 | +161% |
| Recurring financial income | 75 | €5 | €13 | +€8 | +161% |
| Financial charges | 65/66B | €161 | €153 | -€8 | -5.0% |
| Recurring financial charges | 65 | €161 | €153 | -€8 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €67,698 | €23,608 | -€44,090 | -65.1% |
| Income taxes | 67/77 | €27,286 | €5,930 | -€21,356 | -78.3% |
| Profit (loss) for the period | 9904 | €40,412 | €17,678 | -€22,734 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,412 | €17,678 | -€22,734 | -56.3% |
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 27 October 2026 via checked.be.