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
- Receivables within one year +€25,857
up €25,857 (+161.5%), from €16,015 to €41,871
- Deferred charges and accrued income +€3,338
up €3,338 (+233.7%), from €1,428 to €4,766
- Tangible fixed assets -€948
down €948 (-35.6%), from €2,661 to €1,714
- Profit (loss) carried forward +€13,331
up €13,331, from -€569 to €12,761
- Current portion of long-term debt +€5,113
up €5,113 (+109.6%), from €4,667 to €9,780
- Other debts +€3,000
new in 2025: €3,000
- Tax, wage and social debts +€2,432
up €2,432 (+174.0%), from €1,398 to €3,830
- Short-term financial debts +€2,391
up €2,391 (+196.6%), from €1,216 to €3,607
- Gross operating margin +€10,276
up €10,276 (+142.7%), from €7,203 to €17,478
- Taxes +€2,431
up €2,431 (+173.0%), from €1,405 to €3,836
- Financial income +€636
up €636 (+75.9%), from €837 to €1,473
- Other operating charges -€335
down €335 (-45.6%), from €735 to €400
- Depreciation +€298
up €298 (+45.9%), from €650 to €948
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 | €22,340 | €50,600 | +€28,260 | +126.5% |
| Fixed assets | 21/28 | €2,661 | €1,714 | -€948 | -35.6% |
| Tangible fixed assets | 22/27 | €2,661 | €1,714 | -€948 | -35.6% |
| Furniture and vehicles | 24 | €2,661 | €1,714 | -€948 | -35.6% |
| Current assets | 29/58 | €19,679 | €48,887 | +€29,208 | +148.4% |
| Amounts receivable within one year | 40/41 | €16,015 | €41,871 | +€25,857 | +161.5% |
| Other amounts receivable | 41 | €16,015 | €41,871 | +€25,857 | +161.5% |
| Cash at bank and in hand | 54/58 | €2,236 | €2,250 | +€14 | +0.6% |
| Deferred charges and accrued income | 490/1 | €1,428 | €4,766 | +€3,338 | +233.7% |
| Total equity and liabilities | 10/49 | €22,340 | €50,600 | +€28,260 | +126.5% |
| Equity | 10/15 | €10,131 | €23,461 | +€13,331 | +131.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Other | 1319 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€569 | €12,761 | +€13,331 | |
| Amounts payable | 17/49 | €12,210 | €27,139 | +€14,930 | +122.3% |
| Amounts payable within one year | 42/48 | €10,150 | €24,579 | +€14,430 | +142.2% |
| Current portion of amounts payable after more than one year | 42 | €4,667 | €9,780 | +€5,113 | +109.6% |
| Financial debts | 43 | €1,216 | €3,607 | +€2,391 | +196.6% |
| Credit institutions | 430/8 | €1,216 | €3,607 | +€2,391 | +196.6% |
| Trade debts | 44 | €2,869 | €4,362 | +€1,494 | +52.1% |
| Suppliers | 440/4 | €2,869 | €4,362 | +€1,494 | +52.1% |
| Taxes, remuneration and social security | 45 | €1,398 | €3,830 | +€2,432 | +174.0% |
| Taxes | 450/3 | €1,398 | €3,830 | +€2,432 | +174.0% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | €2,060 | €2,560 | +€500 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €948 | +€298 | +45.9% |
| Other operating charges | 640/8 | €735 | €400 | -€335 | -45.6% |
| Gross operating margin | 9900 | €7,203 | €17,478 | +€10,276 | +142.7% |
| Operating profit (loss) | 9901 | €5,819 | €16,131 | +€10,312 | +177.2% |
| Financial income | 75/76B | €837 | €1,473 | +€636 | +75.9% |
| Recurring financial income | 75 | €837 | €1,473 | +€636 | +75.9% |
| Financial charges | 65/66B | €351 | €438 | +€87 | +24.8% |
| Recurring financial charges | 65 | €351 | €438 | +€87 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €6,305 | €17,167 | +€10,861 | +172.3% |
| Income taxes | 67/77 | €1,405 | €3,836 | +€2,431 | +173.0% |
| Profit (loss) for the period | 9904 | €4,900 | €13,331 | +€8,430 | +172.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,900 | €13,331 | +€8,430 | +172.0% |
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 6 October 2026 via checked.be.