A PSY: 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.
A PSY
Largest movements
- Receivables within one year +€10,114
up €10,114 (+317.6%), from €3,185 to €13,299
of which Trade receivables: +€11,511
- Cash +€5,512
up €5,512 (+30.8%), from €17,891 to €23,402
mainly Net result for the year (+€8,605) and Investment in fixed assets (net) (+€3,827)
- Tangible fixed assets -€3,827
no longer reported in 2025 (was €3,827)
of which Plant, machinery and equipment: -€3,373
- Reserves +€8,600
up €8,600 (+50.6%), from €16,998 to €25,598
- Tax, wage and social debts +€2,027
up €2,027 (+329.0%), from €616 to €2,643
- Trade debts +€1,986
up €1,986 (+340.2%), from €584 to €2,570
- Other debts -€1,055
no longer reported in 2025 (was €1,055)
- Gross operating margin +€6,005
up €6,005 (+58.7%), from €10,229 to €16,234
- Taxes +€2,485
up €2,485 (+87.9%), from €2,826 to €5,311
- Depreciation -€1,275
no longer reported in 2025 (was €1,275)
- Financial income +€374
up €374 (+37.8%), from €989 to €1,364
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 | €25,533 | €37,096 | +€11,563 | +45.3% |
| Fixed assets | 21/28 | €3,827 | - | -€3,827 | |
| Tangible fixed assets | 22/27 | €3,827 | - | -€3,827 | |
| Plant, machinery and equipment | 23 | €3,373 | - | -€3,373 | |
| Furniture and vehicles | 24 | €454 | - | -€454 | |
| Current assets | 29/58 | €21,706 | €37,096 | +€15,391 | +70.9% |
| Amounts receivable within one year | 40/41 | €3,185 | €13,299 | +€10,114 | +317.6% |
| Trade receivables | 40 | €1,610 | €13,121 | +€11,511 | +715.0% |
| Other amounts receivable | 41 | €1,575 | €178 | -€1,397 | -88.7% |
| Cash at bank and in hand | 54/58 | €17,891 | €23,402 | +€5,512 | +30.8% |
| Deferred charges and accrued income | 490/1 | €630 | €394 | -€235 | -37.4% |
| Total equity and liabilities | 10/49 | €25,533 | €37,096 | +€11,563 | +45.3% |
| Equity | 10/15 | €23,278 | €31,883 | +€8,605 | +37.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,998 | €25,598 | +€8,600 | +50.6% |
| Distributable reserves | 133 | €16,998 | €25,598 | +€8,600 | +50.6% |
| Profit (loss) carried forward | 14 | €80 | €85 | +€5 | +6.9% |
| Amounts payable | 17/49 | €2,255 | €5,213 | +€2,958 | +131.2% |
| Amounts payable within one year | 42/48 | €2,255 | €5,213 | +€2,958 | +131.2% |
| Trade debts | 44 | €584 | €2,570 | +€1,986 | +340.2% |
| Suppliers | 440/4 | €584 | €2,570 | +€1,986 | +340.2% |
| Taxes, remuneration and social security | 45 | €616 | €2,643 | +€2,027 | +329.0% |
| Taxes | 450/3 | €616 | €2,643 | +€2,027 | +329.0% |
| Other amounts payable | 47/48 | €1,055 | - | -€1,055 | |
| Remuneration, social security and pensions | 62 | €94 | - | -€94 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,275 | - | -€1,275 | |
| Other operating charges | 640/8 | €1,540 | €1,539 | -€2 | -0.1% |
| Non-recurring operating charges | 66A | - | €1,968 | +€1,968 | |
| Gross operating margin | 9900 | €10,229 | €16,234 | +€6,005 | +58.7% |
| Operating profit (loss) | 9901 | €7,321 | €12,728 | +€5,407 | +73.9% |
| Financial income | 75/76B | €989 | €1,364 | +€374 | +37.8% |
| Recurring financial income | 75 | €989 | €1,364 | +€374 | +37.8% |
| Financial charges | 65/66B | €192 | €175 | -€17 | -9.1% |
| Recurring financial charges | 65 | €192 | €175 | -€17 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €8,118 | €13,917 | +€5,799 | +71.4% |
| Income taxes | 67/77 | €2,826 | €5,311 | +€2,485 | +87.9% |
| Profit (loss) for the period | 9904 | €5,292 | €8,605 | +€3,314 | +62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,292 | €8,605 | +€3,314 | +62.6% |
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.