PSARYMEL: 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.
PSARYMEL
Largest movements
- Cash +€10,120
up €10,120 (+2.8%), from €359,364 to €369,484
mainly Receivables within one year (+€8,472) and Net result for the year (+€5,685)
- Receivables within one year -€8,472
down €8,472 (-82.4%), from €10,285 to €1,813
of which Trade receivables: -€10,285
- Tangible fixed assets -€5,608
down €5,608 (-53.5%), from €10,488 to €4,880
of which Furniture and vehicles: -€3,278
- Tax, wage and social debts -€11,554
down €11,554 (-59.2%), from €19,527 to €7,973
of which Taxes: -€10,054
- Reserves +€5,685
up €5,685 (+3.2%), from €176,566 to €182,251
of which Distributable reserves: +€5,685
- Financial income -€36,358
no longer reported in 2026 (was €36,358)
- Gross operating margin -€22,098
down €22,098 (-54.2%), from €40,751 to €18,653
- Taxes -€18,726
down €18,726 (-74.3%), from €25,200 to €6,473
- Depreciation +€653
up €653 (+13.2%), from €4,955 to €5,608
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €382,426 | €378,577 | -€3,849 | -1.0% |
| Fixed assets | 21/28 | €10,488 | €4,880 | -€5,608 | -53.5% |
| Tangible fixed assets | 22/27 | €10,488 | €4,880 | -€5,608 | -53.5% |
| Plant, machinery and equipment | 23 | €7,210 | €4,880 | -€2,330 | -32.3% |
| Furniture and vehicles | 24 | €3,278 | €0 | -€3,278 | -100.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €371,939 | €373,697 | +€1,759 | +0.5% |
| Amounts receivable within one year | 40/41 | €10,285 | €1,813 | -€8,472 | -82.4% |
| Trade receivables | 40 | €10,285 | - | -€10,285 | |
| Other amounts receivable | 41 | - | €1,813 | +€1,813 | |
| Cash at bank and in hand | 54/58 | €359,364 | €369,484 | +€10,120 | +2.8% |
| Deferred charges and accrued income | 490/1 | €2,290 | €2,400 | +€111 | +4.8% |
| Total equity and liabilities | 10/49 | €382,426 | €378,577 | -€3,849 | -1.0% |
| Equity | 10/15 | €356,476 | €362,162 | +€5,685 | +1.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €176,566 | €182,251 | +€5,685 | +3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €174,706 | €180,391 | +€5,685 | +3.3% |
| Profit (loss) carried forward | 14 | €167,510 | €167,510 | +€0 | 0.0% |
| Amounts payable | 17/49 | €25,950 | €16,415 | -€9,535 | -36.7% |
| Amounts payable within one year | 42/48 | €25,950 | €16,415 | -€9,535 | -36.7% |
| Trade debts | 44 | €1,292 | €1,178 | -€114 | -8.8% |
| Suppliers | 440/4 | €1,292 | €1,178 | -€114 | -8.8% |
| Taxes, remuneration and social security | 45 | €19,527 | €7,973 | -€11,554 | -59.2% |
| Taxes | 450/3 | €16,527 | €6,473 | -€10,054 | -60.8% |
| Remuneration and social security | 454/9 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Other amounts payable | 47/48 | €5,131 | €7,264 | +€2,134 | +41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,955 | €5,608 | +€653 | +13.2% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €40,751 | €18,653 | -€22,098 | -54.2% |
| Operating profit (loss) | 9901 | €35,283 | €12,517 | -€22,765 | -64.5% |
| Financial income | 75/76B | €36,358 | - | -€36,358 | |
| Recurring financial income | 75 | €36,358 | - | -€36,358 | |
| Financial charges | 65/66B | €275 | €359 | +€84 | +30.4% |
| Recurring financial charges | 65 | €275 | €359 | +€84 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €71,365 | €12,159 | -€59,207 | -83.0% |
| Income taxes | 67/77 | €25,200 | €6,473 | -€18,726 | -74.3% |
| Profit (loss) for the period | 9904 | €46,166 | €5,685 | -€40,480 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,166 | €5,685 | -€40,480 | -87.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.