SB PHYSIO: 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.
SB PHYSIO
Largest movements
- Cash +€40,485
up €40,485 (+55.4%), from €73,100 to €113,585
mainly Other debts (+€165,266) and Net result for the year (+€40,565)
- Tangible fixed assets -€8,830
down €8,830 (-3.3%), from €269,203 to €260,373
of which Land and buildings: -€10,106
- Deferred charges and accrued income -€6,843
down €6,843 (-38.2%), from €17,929 to €11,087
- Receivables within one year -€5,912
down €5,912 (-24.7%), from €23,959 to €18,048
of which Trade receivables: -€12,610
- Other debts +€165,266
new in 2025: €165,266
- Reserves -€124,701
no longer reported in 2025 (was €124,701)
- Trade debts -€15,248
down €15,248 (-81.4%), from €18,737 to €3,489
- Debts after one year -€10,506
down €10,506 (-4.7%), from €224,358 to €213,852
- Gross operating margin +€31,164
up €31,164 (+65.8%), from €47,326 to €78,490
- Depreciation -€25,951
down €25,951 (-61.2%), from €42,381 to €16,430
- Taxes +€10,064
up €10,064 (+5,102%), from €197 to €10,262
- Financial charges +€1,713
up €1,713 (+22.5%), from €7,607 to €9,320
- Other operating charges +€841
up €841 (+49.0%), from €1,716 to €2,558
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 | €384,191 | €403,093 | +€18,901 | +4.9% |
| Fixed assets | 21/28 | €269,203 | €260,373 | -€8,830 | -3.3% |
| Tangible fixed assets | 22/27 | €269,203 | €260,373 | -€8,830 | -3.3% |
| Land and buildings | 22 | €215,599 | €205,493 | -€10,106 | -4.7% |
| Plant, machinery and equipment | 23 | €52,754 | €50,961 | -€1,793 | -3.4% |
| Furniture and vehicles | 24 | €850 | €3,919 | +€3,069 | +361% |
| Current assets | 29/58 | €114,989 | €142,719 | +€27,731 | +24.1% |
| Amounts receivable within one year | 40/41 | €23,959 | €18,048 | -€5,912 | -24.7% |
| Trade receivables | 40 | €15,431 | €2,821 | -€12,610 | -81.7% |
| Other amounts receivable | 41 | €8,528 | €15,227 | +€6,699 | +78.5% |
| Cash at bank and in hand | 54/58 | €73,100 | €113,585 | +€40,485 | +55.4% |
| Deferred charges and accrued income | 490/1 | €17,929 | €11,087 | -€6,843 | -38.2% |
| Total equity and liabilities | 10/49 | €384,191 | €403,093 | +€18,901 | +4.9% |
| Equity | 10/15 | €125,701 | €1,000 | -€124,701 | -99.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €124,701 | - | -€124,701 | |
| Distributable reserves | 133 | €124,701 | - | -€124,701 | |
| Amounts payable | 17/49 | €258,491 | €402,093 | +€143,602 | +55.6% |
| Amounts payable after more than one year | 17 | €224,358 | €213,852 | -€10,506 | -4.7% |
| Financial debts | 170/4 | €224,358 | €213,852 | -€10,506 | -4.7% |
| Amounts payable within one year | 42/48 | €34,133 | €186,861 | +€152,728 | +447% |
| Current portion of amounts payable after more than one year | 42 | €11,358 | €10,506 | -€852 | -7.5% |
| Trade debts | 44 | €18,737 | €3,489 | -€15,248 | -81.4% |
| Suppliers | 440/4 | €18,737 | €3,489 | -€15,248 | -81.4% |
| Taxes, remuneration and social security | 45 | €4,037 | €7,600 | +€3,563 | +88.2% |
| Taxes | 450/3 | €4,037 | €7,600 | +€3,563 | +88.2% |
| Other amounts payable | 47/48 | - | €165,266 | +€165,266 | |
| Accrued charges and deferred income | 492/3 | - | €1,380 | +€1,380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,381 | €16,430 | -€25,951 | -61.2% |
| Other operating charges | 640/8 | €1,716 | €2,558 | +€841 | +49.0% |
| Gross operating margin | 9900 | €47,326 | €78,490 | +€31,164 | +65.8% |
| Operating profit (loss) | 9901 | €3,229 | €59,503 | +€56,274 | +1,743% |
| Financial income | 75/76B | €348 | €644 | +€295 | +84.8% |
| Recurring financial income | 75 | €348 | €644 | +€295 | +84.8% |
| Financial charges | 65/66B | €7,607 | €9,320 | +€1,713 | +22.5% |
| Recurring financial charges | 65 | €7,607 | €9,320 | +€1,713 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,029 | €50,827 | +€54,856 | |
| Income taxes | 67/77 | €197 | €10,262 | +€10,064 | +5,102% |
| Profit (loss) for the period | 9904 | -€4,226 | €40,565 | +€44,792 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,226 | €40,565 | +€44,792 |
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 13 October 2026 via checked.be.