B-PSYCHE: what changed
Two fiscal 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.
B-PSYCHE
Largest movements
- Tangible fixed assets -€93,790
down €93,790 (-15.8%), from €591,875 to €498,085
of which Land and buildings: -€83,900
- Receivables within one year +€34,552
up €34,552 (+76.1%), from €45,397 to €79,949
- Cash +€10,870
up €10,870 (+6.3%), from €172,957 to €183,827
mainly Net result for the year (+€110,910) and Investment in fixed assets (net) (+€63,684)
- Other debts -€68,930
down €68,930 (-97.6%), from €70,599 to €1,669
- Debts after one year -€40,845
down €40,845 (-13.0%), from €313,242 to €272,397
- Reserves +€35,963
up €35,963 (+9.8%), from €366,703 to €402,666
- Tax, wage and social debts +€26,930
up €26,930 (+757.6%), from €3,555 to €30,485
- Gross operating margin +€66,546
up €66,546 (+50.8%), from €130,874 to €197,420
- Taxes +€23,569
up €23,569 (+99.9%), from €23,588 to €47,157
- Depreciation -€6,429
down €6,429 (-17.6%), from €36,535 to €30,106
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 | €810,886 | €763,199 | -€47,687 | -5.9% |
| Fixed assets | 21/28 | €591,875 | €498,085 | -€93,790 | -15.8% |
| Tangible fixed assets | 22/27 | €591,875 | €498,085 | -€93,790 | -15.8% |
| Land and buildings | 22 | €552,008 | €468,107 | -€83,900 | -15.2% |
| Plant, machinery and equipment | 23 | €908 | €1,982 | +€1,074 | +118.4% |
| Furniture and vehicles | 24 | €38,960 | €27,996 | -€10,964 | -28.1% |
| Current assets | 29/58 | €219,011 | €265,114 | +€46,103 | +21.1% |
| Amounts receivable within one year | 40/41 | €45,397 | €79,949 | +€34,552 | +76.1% |
| Trade receivables | 40 | €45,397 | €79,949 | +€34,552 | +76.1% |
| Cash at bank and in hand | 54/58 | €172,957 | €183,827 | +€10,870 | +6.3% |
| Deferred charges and accrued income | 490/1 | €657 | €1,338 | +€681 | +103.8% |
| Total equity and liabilities | 10/49 | €810,886 | €763,199 | -€47,687 | -5.9% |
| Equity | 10/15 | €379,103 | €415,066 | +€35,963 | +9.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €366,703 | €402,666 | +€35,963 | +9.8% |
| Distributable reserves | 133 | €366,703 | €402,666 | +€35,963 | +9.8% |
| Amounts payable | 17/49 | €431,783 | €348,133 | -€83,650 | -19.4% |
| Amounts payable after more than one year | 17 | €313,242 | €272,397 | -€40,845 | -13.0% |
| Financial debts | 170/4 | €313,242 | €272,397 | -€40,845 | -13.0% |
| Amounts payable within one year | 42/48 | €118,541 | €75,736 | -€42,805 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €40,466 | €40,845 | +€380 | +0.9% |
| Trade debts | 44 | €3,921 | €2,737 | -€1,184 | -30.2% |
| Suppliers | 440/4 | €3,921 | €2,737 | -€1,184 | -30.2% |
| Taxes, remuneration and social security | 45 | €3,555 | €30,485 | +€26,930 | +757.6% |
| Taxes | 450/3 | €3,555 | €30,485 | +€26,930 | +757.6% |
| Other amounts payable | 47/48 | €70,599 | €1,669 | -€68,930 | -97.6% |
| Non-recurring operating income | 76A | €4,756 | €2,354 | -€2,403 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,535 | €30,106 | -€6,429 | -17.6% |
| Other operating charges | 640/8 | €1,093 | €1,127 | +€35 | +3.2% |
| Gross operating margin | 9900 | €130,874 | €197,420 | +€66,546 | +50.8% |
| Operating profit (loss) | 9901 | €93,246 | €166,187 | +€72,940 | +78.2% |
| Financial income | 75/76B | €485 | €778 | +€293 | +60.4% |
| Recurring financial income | 75 | €485 | €778 | +€293 | +60.4% |
| Financial charges | 65/66B | €9,842 | €8,897 | -€945 | -9.6% |
| Recurring financial charges | 65 | €9,842 | €8,897 | -€945 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €83,889 | €158,067 | +€74,179 | +88.4% |
| Income taxes | 67/77 | €23,588 | €47,157 | +€23,569 | +99.9% |
| Profit (loss) for the period | 9904 | €60,301 | €110,910 | +€50,609 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,301 | €110,910 | +€50,609 | +83.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.