PSY BAVO: 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.
PSY BAVO
Largest movements
- Cash -€26,802
down €26,802 (-69.5%), from €38,557 to €11,755
mainly Advances received (-€13,752) and Investment in fixed assets (net) (-€8,130)
- Tangible fixed assets +€7,077
up €7,077 (+389%), from €1,821 to €8,898
of which Plant, machinery and equipment: +€5,307
- Receivables within one year +€6,438
up €6,438 (+148%), from €4,356 to €10,794
of which Trade receivables: +€5,357
- Advances received -€13,752
no longer reported in 2025 (was €13,752)
- Other debts -€5,128
down €5,128 (-97.4%), from €5,265 to €137
- Trade debts +€3,915
up €3,915 (+275%), from €1,423 to €5,338
- Profit (loss) carried forward +€2,695
up €2,695 (+144%), from €1,876 to €4,571
- Accrued charges and deferred income -€1,365
no longer reported in 2025 (was €1,365)
- Gross operating margin -€16,663
down €16,663 (-71.4%), from €23,345 to €6,682
- Financial charges +€1,144
up €1,144 (+1,880%), from €61 to €1,205
- Depreciation +€895
up €895 (+564%), from €159 to €1,053
- Taxes +€450
up €450 (+96.0%), from €469 to €919
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 | €46,090 | €32,796 | -€13,293 | -28.8% |
| Fixed assets | 21/28 | €1,821 | €8,898 | +€7,077 | +389% |
| Tangible fixed assets | 22/27 | €1,821 | €8,898 | +€7,077 | +389% |
| Plant, machinery and equipment | 23 | €1,512 | €6,819 | +€5,307 | +351% |
| Furniture and vehicles | 24 | €309 | €1,140 | +€832 | +269% |
| Assets under construction and advance payments | 27 | - | €938 | +€938 | |
| Current assets | 29/58 | €44,269 | €23,899 | -€20,371 | -46.0% |
| Amounts receivable within one year | 40/41 | €4,356 | €10,794 | +€6,438 | +148% |
| Trade receivables | 40 | €3,825 | €9,182 | +€5,357 | +140% |
| Other amounts receivable | 41 | €531 | €1,612 | +€1,081 | +204% |
| Cash at bank and in hand | 54/58 | €38,557 | €11,755 | -€26,802 | -69.5% |
| Deferred charges and accrued income | 490/1 | €1,356 | €1,350 | -€6 | -0.4% |
| Total equity and liabilities | 10/49 | €46,090 | €32,796 | -€13,293 | -28.8% |
| Equity | 10/15 | €24,194 | €26,889 | +€2,695 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,876 | €4,571 | +€2,695 | +144% |
| Amounts payable | 17/49 | €21,895 | €5,907 | -€15,988 | -73.0% |
| Amounts payable within one year | 42/48 | €20,530 | €5,907 | -€14,623 | -71.2% |
| Trade debts | 44 | €1,423 | €5,338 | +€3,915 | +275% |
| Suppliers | 440/4 | €1,423 | €5,338 | +€3,915 | +275% |
| Advances received on contracts in progress | 46 | €13,752 | - | -€13,752 | |
| Taxes, remuneration and social security | 45 | €90 | €432 | +€341 | +377% |
| Taxes | 450/3 | €90 | €432 | +€341 | +377% |
| Other amounts payable | 47/48 | €5,265 | €137 | -€5,128 | -97.4% |
| Accrued charges and deferred income | 492/3 | €1,365 | - | -€1,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159 | €1,053 | +€895 | +564% |
| Other operating charges | 640/8 | €393 | €501 | +€109 | +27.6% |
| Non-recurring operating charges | 66A | - | €309 | +€309 | |
| Gross operating margin | 9900 | €23,345 | €6,682 | -€16,663 | -71.4% |
| Operating profit (loss) | 9901 | €22,794 | €4,819 | -€17,975 | -78.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €61 | €1,205 | +€1,144 | +1,880% |
| Recurring financial charges | 65 | €61 | €1,205 | +€1,144 | +1,880% |
| Profit (loss) for the period before taxes | 9903 | €22,733 | €3,614 | -€19,119 | -84.1% |
| Income taxes | 67/77 | €469 | €919 | +€450 | +96.0% |
| Profit (loss) for the period | 9904 | €22,264 | €2,695 | -€19,569 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,264 | €2,695 | -€19,569 | -87.9% |
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 25 October 2026 via checked.be.