MDECRAEYE 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.
MDECRAEYE PSY
Largest movements
- Cash +€59,063
up €59,063 (+85.6%), from €69,014 to €128,076
mainly Net result for the year (+€130,647) and Depreciation (+€22,974)
- Intangible fixed assets -€14,000
down €14,000 (-19.7%), from €71,167 to €57,167
- Tangible fixed assets +€12,970
up €12,970 (+193%), from €6,715 to €19,685
of which Furniture and vehicles: +€13,424
- Profit (loss) carried forward +€50,647
up €50,647 (+33.7%), from €150,404 to €201,051
- Other debts +€12,502
new in 2025: €12,502
- Tax, wage and social debts -€3,877
no longer reported in 2025 (was €3,877)
- Trade debts -€3,064
no longer reported in 2025 (was €3,064)
- Gross operating margin -€16,341
down €16,341 (-7.7%), from €211,414 to €195,073
- Depreciation +€6,574
up €6,574 (+40.1%), from €16,400 to €22,974
- Taxes -€5,447
down €5,447 (-11.9%), from €45,877 to €40,430
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 | €159,844 | €216,054 | +€56,210 | +35.2% |
| Fixed assets | 21/28 | €77,882 | €76,852 | -€1,030 | -1.3% |
| Intangible fixed assets | 21 | €71,167 | €57,167 | -€14,000 | -19.7% |
| Tangible fixed assets | 22/27 | €6,715 | €19,685 | +€12,970 | +193% |
| Plant, machinery and equipment | 23 | €3,016 | €2,562 | -€454 | -15.0% |
| Furniture and vehicles | 24 | €3,699 | €17,123 | +€13,424 | +363% |
| Current assets | 29/58 | €81,962 | €139,202 | +€57,240 | +69.8% |
| Amounts receivable within one year | 40/41 | €3,335 | €1,571 | -€1,764 | -52.9% |
| Other amounts receivable | 41 | €3,335 | €1,571 | -€1,764 | -52.9% |
| Cash at bank and in hand | 54/58 | €69,014 | €128,076 | +€59,063 | +85.6% |
| Deferred charges and accrued income | 490/1 | €9,614 | €9,555 | -€59 | -0.6% |
| Total equity and liabilities | 10/49 | €159,844 | €216,054 | +€56,210 | +35.2% |
| Equity | 10/15 | €152,904 | €203,551 | +€50,647 | +33.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,404 | €201,051 | +€50,647 | +33.7% |
| Amounts payable | 17/49 | €6,940 | €12,502 | +€5,562 | +80.1% |
| Amounts payable within one year | 42/48 | €6,940 | €12,502 | +€5,562 | +80.1% |
| Trade debts | 44 | €3,064 | - | -€3,064 | |
| Suppliers | 440/4 | €3,064 | - | -€3,064 | |
| Taxes, remuneration and social security | 45 | €3,877 | - | -€3,877 | |
| Taxes | 450/3 | €3,877 | - | -€3,877 | |
| Other amounts payable | 47/48 | - | €12,502 | +€12,502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,400 | €22,974 | +€6,574 | +40.1% |
| Other operating charges | 640/8 | €2,001 | €805 | -€1,197 | -59.8% |
| Gross operating margin | 9900 | €211,414 | €195,073 | -€16,341 | -7.7% |
| Operating profit (loss) | 9901 | €193,013 | €171,294 | -€21,719 | -11.3% |
| Financial income | 75/76B | €158 | - | -€158 | |
| Recurring financial income | 75 | €158 | - | -€158 | |
| Financial charges | 65/66B | €110 | €217 | +€107 | +97.2% |
| Recurring financial charges | 65 | €110 | €217 | +€107 | +97.2% |
| Profit (loss) for the period before taxes | 9903 | €193,061 | €171,077 | -€21,984 | -11.4% |
| Income taxes | 67/77 | €45,877 | €40,430 | -€5,447 | -11.9% |
| Profit (loss) for the period | 9904 | €147,184 | €130,647 | -€16,537 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €147,184 | €130,647 | -€16,537 | -11.2% |
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 20 October 2026 via checked.be.