Psyapi: 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.
Psyapi
Largest movements
- Intangible fixed assets -€57,160
down €57,160 (-27.9%), from €204,560 to €147,400
- Cash +€30,715
up €30,715 (+32.4%), from €94,736 to €125,451
mainly Depreciation (+€68,184) and Net result for the year (+€15,684)
- Tangible fixed assets -€11,024
down €11,024 (-41.5%), from €26,565 to €15,540
of which Furniture and vehicles: -€9,490
- Receivables within one year +€5,602
up €5,602 (+12.0%), from €46,586 to €52,188
of which Other amounts receivable: +€5,468
- Debts after one year -€28,276
no longer reported in 2025 (was €28,276)
of which Financial debts: -€28,256
- Profit (loss) carried forward +€15,684
up €15,684 (+13.9%), from €112,617 to €128,301
- Accrued charges and deferred income -€14,122
no longer reported in 2025 (was €14,122)
- Current portion of long-term debt -€5,644
down €5,644 (-16.6%), from €33,899 to €28,256
- Gross operating margin +€18,313
up €18,313 (+25.8%), from €71,084 to €89,396
- Financial charges -€4,499
down €4,499 (-76.1%), from €5,915 to €1,417
- Taxes +€3,572
up €3,572, from -€9 to €3,563
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 | €373,063 | €341,468 | -€31,595 | -8.5% |
| Fixed assets | 21/28 | €231,124 | €162,940 | -€68,184 | -29.5% |
| Intangible fixed assets | 21 | €204,560 | €147,400 | -€57,160 | -27.9% |
| Tangible fixed assets | 22/27 | €26,565 | €15,540 | -€11,024 | -41.5% |
| Furniture and vehicles | 24 | €11,359 | €1,869 | -€9,490 | -83.5% |
| Other tangible fixed assets | 26 | €15,206 | €13,672 | -€1,534 | -10.1% |
| Current assets | 29/58 | €141,939 | €178,528 | +€36,589 | +25.8% |
| Amounts receivable within one year | 40/41 | €46,586 | €52,188 | +€5,602 | +12.0% |
| Trade receivables | 40 | €617 | €751 | +€134 | +21.6% |
| Other amounts receivable | 41 | €45,969 | €51,437 | +€5,468 | +11.9% |
| Cash at bank and in hand | 54/58 | €94,736 | €125,451 | +€30,715 | +32.4% |
| Deferred charges and accrued income | 490/1 | €616 | €889 | +€272 | +44.2% |
| Total equity and liabilities | 10/49 | €373,063 | €341,468 | -€31,595 | -8.5% |
| Equity | 10/15 | €296,617 | €312,301 | +€15,684 | +5.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €180,000 | €180,000 | = | 0.0% |
| Distributable reserves | 133 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,617 | €128,301 | +€15,684 | +13.9% |
| Amounts payable | 17/49 | €76,446 | €29,167 | -€47,279 | -61.8% |
| Amounts payable after more than one year | 17 | €28,276 | - | -€28,276 | |
| Financial debts | 170/4 | €28,256 | - | -€28,256 | |
| Other amounts payable | 178/9 | €20 | - | -€20 | |
| Amounts payable within one year | 42/48 | €34,048 | €29,167 | -€4,882 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €33,899 | €28,256 | -€5,644 | -16.6% |
| Trade debts | 44 | €149 | - | -€149 | |
| Suppliers | 440/4 | €149 | - | -€149 | |
| Other amounts payable | 47/48 | - | €911 | +€911 | |
| Accrued charges and deferred income | 492/3 | €14,122 | - | -€14,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,319 | €68,184 | -€135 | -0.2% |
| Other operating charges | 640/8 | €512 | €548 | +€36 | +7.0% |
| Gross operating margin | 9900 | €71,084 | €89,396 | +€18,313 | +25.8% |
| Operating profit (loss) | 9901 | €2,252 | €20,664 | +€18,412 | +817.6% |
| Financial charges | 65/66B | €5,915 | €1,417 | -€4,499 | -76.1% |
| Recurring financial charges | 65 | €5,915 | €1,417 | -€4,499 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,663 | €19,247 | +€22,911 | |
| Income taxes | 67/77 | -€9 | €3,563 | +€3,572 | |
| Profit (loss) for the period | 9904 | -€3,654 | €15,684 | +€19,339 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,654 | €15,684 | +€19,339 |
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 11 October 2026 via checked.be.