Psy K: 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.
Psy K
Largest movements
- Cash -€4,709
down €4,709 (-21.7%), from €21,730 to €17,021
mainly Other debts (-€16,497) and Contributions, distributions and other (-€4,950)
- Tangible fixed assets -€3,781
down €3,781 (-37.3%), from €10,130 to €6,349
of which Furniture and vehicles: -€3,264
- Receivables within one year -€1,598
down €1,598 (-59.2%), from €2,698 to €1,100
of which Other amounts receivable: -€1,598
- Deferred charges and accrued income +€406
up €406 (+17.6%), from €2,303 to €2,709
- Other debts -€16,497
down €16,497 (-53.9%), from €30,627 to €14,129
- Tax, wage and social debts +€4,576
up €4,576 (+455.6%), from €1,005 to €5,581
- Reserves +€2,322
up €2,322 (+17.3%), from €13,410 to €15,732
- Gross operating margin +€2,682
up €2,682 (+19.3%), from €13,867 to €16,549
- Depreciation +€1,967
up €1,967 (+108.5%), from €1,813 to €3,781
- Other operating charges -€847
down €847 (-47.9%), from €1,768 to €921
- Taxes +€732
up €732 (+18.8%), from €3,890 to €4,622
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 | €37,161 | €27,479 | -€9,682 | -26.1% |
| Fixed assets | 21/28 | €10,430 | €6,649 | -€3,781 | -36.2% |
| Tangible fixed assets | 22/27 | €10,130 | €6,349 | -€3,781 | -37.3% |
| Furniture and vehicles | 24 | €7,621 | €4,356 | -€3,264 | -42.8% |
| Other tangible fixed assets | 26 | €2,509 | €1,993 | -€516 | -20.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €26,731 | €20,830 | -€5,901 | -22.1% |
| Amounts receivable within one year | 40/41 | €2,698 | €1,100 | -€1,598 | -59.2% |
| Trade receivables | 40 | €1,100 | €1,100 | = | 0.0% |
| Other amounts receivable | 41 | €1,598 | - | -€1,598 | |
| Cash at bank and in hand | 54/58 | €21,730 | €17,021 | -€4,709 | -21.7% |
| Deferred charges and accrued income | 490/1 | €2,303 | €2,709 | +€406 | +17.6% |
| Total equity and liabilities | 10/49 | €37,161 | €27,479 | -€9,682 | -26.1% |
| Equity | 10/15 | €5,429 | €7,751 | +€2,322 | +42.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,410 | €15,732 | +€2,322 | +17.3% |
| Distributable reserves | 133 | €13,410 | €15,732 | +€2,322 | +17.3% |
| Profit (loss) carried forward | 14 | -€20,381 | -€20,381 | = | 0.0% |
| Amounts payable | 17/49 | €31,732 | €19,728 | -€12,004 | -37.8% |
| Amounts payable within one year | 42/48 | €31,732 | €19,728 | -€12,004 | -37.8% |
| Trade debts | 44 | €101 | €18 | -€83 | -82.4% |
| Suppliers | 440/4 | €101 | €18 | -€83 | -82.4% |
| Taxes, remuneration and social security | 45 | €1,005 | €5,581 | +€4,576 | +455.6% |
| Taxes | 450/3 | €1,005 | €5,581 | +€4,576 | +455.6% |
| Other amounts payable | 47/48 | €30,627 | €14,129 | -€16,497 | -53.9% |
| Non-recurring operating income | 76A | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,813 | €3,781 | +€1,967 | +108.5% |
| Other operating charges | 640/8 | €1,768 | €921 | -€847 | -47.9% |
| Gross operating margin | 9900 | €13,867 | €16,549 | +€2,682 | +19.3% |
| Operating profit (loss) | 9901 | €10,286 | €11,847 | +€1,562 | +15.2% |
| Financial income | 75/76B | €310 | €151 | -€159 | -51.2% |
| Recurring financial income | 75 | €310 | €151 | -€159 | -51.2% |
| Financial charges | 65/66B | €106 | €105 | -€1 | -0.9% |
| Recurring financial charges | 65 | €106 | €105 | -€1 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €10,490 | €11,894 | +€1,404 | +13.4% |
| Income taxes | 67/77 | €3,890 | €4,622 | +€732 | +18.8% |
| Profit (loss) for the period | 9904 | €6,600 | €7,272 | +€672 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,600 | €7,272 | +€672 | +10.2% |
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 5 October 2026 via checked.be.