AR Physio: what changed
AR Physio
Largest movements
- Receivables within one year +€17,581
up €17,581 (+213%), from €8,255 to €25,836
of which Other amounts receivable: +€18,212
- Cash -€13,682
down €13,682 (-57.1%), from €23,971 to €10,289
mainly Receivables within one year (-€17,581) and Current portion of long-term debt (-€3,606)
- Tangible fixed assets -€3,973
down €3,973 (-40.1%), from €9,911 to €5,938
of which Furniture and vehicles: -€3,561
- Current portion of long-term debt -€3,606
down €3,606 (-74.2%), from €4,861 to €1,255
- Accrued charges and deferred income +€2,834
new in 2025: €2,834
- Tax, wage and social debts +€1,605
up €1,605 (+70.8%), from €2,266 to €3,871
of which Taxes: +€1,205
- Reserves +€1,479
up €1,479 (+5.1%), from €29,000 to €30,479
- Debts after one year -€1,255
no longer reported in 2025 (was €1,255)
- Gross operating margin -€38,936
down €38,936 (-81.8%), from €47,619 to €8,683
- Taxes -€9,995
down €9,995 (-83.5%), from €11,966 to €1,971
- Financial income +€648
new in 2025: €648
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,773 | €42,307 | -€466 | -1.1% |
| Fixed assets | 21/28 | €10,311 | €5,938 | -€4,372 | -42.4% |
| Intangible fixed assets | 21 | €399 | €0 | -€399 | -100% |
| Tangible fixed assets | 22/27 | €9,911 | €5,938 | -€3,973 | -40.1% |
| Plant, machinery and equipment | 23 | €2,026 | €1,614 | -€412 | -20.3% |
| Furniture and vehicles | 24 | €7,886 | €4,324 | -€3,561 | -45.2% |
| Current assets | 29/58 | €32,463 | €36,369 | +€3,906 | +12.0% |
| Amounts receivable within one year | 40/41 | €8,255 | €25,836 | +€17,581 | +213% |
| Trade receivables | 40 | €8,255 | €7,624 | -€631 | -7.6% |
| Other amounts receivable | 41 | - | €18,212 | +€18,212 | |
| Cash at bank and in hand | 54/58 | €23,971 | €10,289 | -€13,682 | -57.1% |
| Deferred charges and accrued income | 490/1 | €237 | €244 | +€7 | +2.9% |
| Total equity and liabilities | 10/49 | €42,773 | €42,307 | -€466 | -1.1% |
| Equity | 10/15 | €31,527 | €33,006 | +€1,479 | +4.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €30,479 | +€1,479 | +5.1% |
| Distributable reserves | 133 | €29,000 | €30,479 | +€1,479 | +5.1% |
| Profit (loss) carried forward | 14 | €527 | €527 | = | 0.0% |
| Amounts payable | 17/49 | €11,246 | €9,301 | -€1,945 | -17.3% |
| Amounts payable after more than one year | 17 | €1,255 | - | -€1,255 | |
| Financial debts | 170/4 | €1,255 | - | -€1,255 | |
| Amounts payable within one year | 42/48 | €9,991 | €6,468 | -€3,523 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €4,861 | €1,255 | -€3,606 | -74.2% |
| Trade debts | 44 | €1,711 | €483 | -€1,229 | -71.8% |
| Suppliers | 440/4 | €1,711 | €483 | -€1,229 | -71.8% |
| Taxes, remuneration and social security | 45 | €2,266 | €3,871 | +€1,605 | +70.8% |
| Taxes | 450/3 | €1,166 | €2,371 | +€1,205 | +103% |
| Remuneration and social security | 454/9 | €1,100 | €1,500 | +€400 | +36.4% |
| Other amounts payable | 47/48 | €1,153 | €859 | -€294 | -25.5% |
| Accrued charges and deferred income | 492/3 | - | €2,834 | +€2,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,576 | €4,372 | -€204 | -4.5% |
| Other operating charges | 640/8 | €402 | €352 | -€50 | -12.5% |
| Gross operating margin | 9900 | €47,619 | €8,683 | -€38,936 | -81.8% |
| Operating profit (loss) | 9901 | €42,641 | €3,959 | -€38,682 | -90.7% |
| Financial income | 75/76B | - | €648 | +€648 | |
| Recurring financial income | 75 | - | €648 | +€648 | |
| Financial charges | 65/66B | €315 | €299 | -€16 | -5.2% |
| Recurring financial charges | 65 | €315 | €299 | -€16 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €42,326 | €4,308 | -€38,018 | -89.8% |
| Income taxes | 67/77 | €11,966 | €1,971 | -€9,995 | -83.5% |
| Profit (loss) for the period | 9904 | €30,360 | €2,338 | -€28,023 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,360 | €2,338 | -€28,023 | -92.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.