PSY INFANTE: 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 INFANTE
Largest movements
- Tangible fixed assets +€40,484
up €40,484 (+28.4%), from €142,369 to €182,853
of which Plant, machinery and equipment: +€94,106
- Cash +€32,770
up €32,770 (+33.9%), from €96,772 to €129,542
mainly Net result for the year (+€88,473) and Debts after one year (+€65,356)
- Deferred charges and accrued income +€3,897
new in 2025: €3,897
- Debts after one year +€65,356
new in 2025: €65,356
- Trade debts -€54,228
down €54,228 (-91.7%), from €59,136 to €4,908
- Other debts +€40,150
up €40,150 (+27.5%), from €146,141 to €186,292
- Current portion of long-term debt +€19,173
new in 2025: €19,173
- Tax, wage and social debts +€7,227
up €7,227 (+57.9%), from €12,473 to €19,700
of which Taxes: +€5,727
- Taxes -€8,508
down €8,508 (-27.3%), from €31,135 to €22,627
- Depreciation +€7,871
up €7,871 (+112%), from €7,051 to €14,921
- Gross operating margin -€6,728
down €6,728 (-4.9%), from €137,061 to €130,332
- Financial charges +€2,642
up €2,642 (+420%), from €629 to €3,272
- Other operating charges -€1,517
down €1,517 (-59.3%), from €2,556 to €1,039
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 | €239,182 | €316,332 | +€77,151 | +32.3% |
| Fixed assets | 21/28 | €142,410 | €182,894 | +€40,484 | +28.4% |
| Tangible fixed assets | 22/27 | €142,369 | €182,853 | +€40,484 | +28.4% |
| Land and buildings | 22 | €138,450 | €86,376 | -€52,074 | -37.6% |
| Plant, machinery and equipment | 23 | - | €94,106 | +€94,106 | |
| Furniture and vehicles | 24 | €3,599 | €2,371 | -€1,228 | -34.1% |
| Other tangible fixed assets | 26 | €320 | - | -€320 | |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €96,772 | €133,439 | +€36,667 | +37.9% |
| Cash at bank and in hand | 54/58 | €96,772 | €129,542 | +€32,770 | +33.9% |
| Deferred charges and accrued income | 490/1 | - | €3,897 | +€3,897 | |
| Total equity and liabilities | 10/49 | €239,182 | €316,332 | +€77,151 | +32.3% |
| Equity | 10/15 | €21,431 | €20,904 | -€527 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,831 | €2,304 | -€527 | -18.6% |
| 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 | €971 | €444 | -€527 | -54.3% |
| Amounts payable | 17/49 | €217,751 | €295,428 | +€77,678 | +35.7% |
| Amounts payable after more than one year | 17 | - | €65,356 | +€65,356 | |
| Financial debts | 170/4 | - | €65,356 | +€65,356 | |
| Amounts payable within one year | 42/48 | €217,751 | €230,073 | +€12,322 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | - | €19,173 | +€19,173 | |
| Trade debts | 44 | €59,136 | €4,908 | -€54,228 | -91.7% |
| Suppliers | 440/4 | €59,136 | €4,908 | -€54,228 | -91.7% |
| Taxes, remuneration and social security | 45 | €12,473 | €19,700 | +€7,227 | +57.9% |
| Taxes | 450/3 | €12,473 | €18,200 | +€5,727 | +45.9% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €146,141 | €186,292 | +€40,150 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,051 | €14,921 | +€7,871 | +112% |
| Other operating charges | 640/8 | €2,556 | €1,039 | -€1,517 | -59.3% |
| Gross operating margin | 9900 | €137,061 | €130,332 | -€6,728 | -4.9% |
| Operating profit (loss) | 9901 | €127,454 | €114,372 | -€13,082 | -10.3% |
| Financial charges | 65/66B | €629 | €3,272 | +€2,642 | +420% |
| Recurring financial charges | 65 | €629 | €3,272 | +€2,642 | +420% |
| Profit (loss) for the period before taxes | 9903 | €126,825 | €111,100 | -€15,725 | -12.4% |
| Income taxes | 67/77 | €31,135 | €22,627 | -€8,508 | -27.3% |
| Profit (loss) for the period | 9904 | €95,690 | €88,473 | -€7,217 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €95,690 | €88,473 | -€7,217 | -7.5% |
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 28 October 2026 via checked.be.