PSYCHE: 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.
PSYCHE
Largest movements
- Receivables after one year +€78,200
new in 2025: €78,200
- Deferred charges and accrued income +€51,030
up €51,030 (+1671.7%), from €3,053 to €54,082
- Current investments +€31,248
up €31,248 (+208.3%), from €15,000 to €46,248
- Cash -€8,392
down €8,392 (-26.2%), from €31,973 to €23,581
mainly Receivables after one year (-€78,200) and Deferred charges and accrued income (-€51,030)
- Receivables within one year -€7,333
down €7,333 (-30.8%), from €23,795 to €16,462
of which Other amounts receivable: -€7,062
- Reserves +€122,040
up €122,040 (+133.8%), from €91,235 to €213,275
of which Distributable reserves: +€122,040
- Tax, wage and social debts +€27,852
up €27,852 (+1248.9%), from €2,230 to €30,082
- Debts after one year -€10,017
down €10,017 (-44.9%), from €22,321 to €12,304
- Gross operating margin +€103,268
up €103,268 (+121.5%), from €84,971 to €188,239
- Taxes +€35,587
up €35,587 (+206.4%), from €17,238 to €52,824
- Financial charges -€7,872
down €7,872 (-80.3%), from €9,804 to €1,932
of which Non-recurring financial charges: -€6,421
- Financial income +€6,131
up €6,131 (+259.9%), from €2,359 to €8,490
of which Financial income: +€5,470
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 | €164,918 | €306,116 | +€141,198 | +85.6% |
| Fixed assets | 21/28 | €91,097 | €87,543 | -€3,554 | -3.9% |
| Tangible fixed assets | 22/27 | €91,072 | €87,518 | -€3,554 | -3.9% |
| Land and buildings | 22 | €42,300 | €39,933 | -€2,366 | -5.6% |
| Furniture and vehicles | 24 | €48,773 | €47,585 | -€1,188 | -2.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €73,820 | €218,573 | +€144,753 | +196.1% |
| Amounts receivable after more than one year | 29 | - | €78,200 | +€78,200 | |
| Other amounts receivable | 291 | - | €78,200 | +€78,200 | |
| Amounts receivable within one year | 40/41 | €23,795 | €16,462 | -€7,333 | -30.8% |
| Trade receivables | 40 | €1,423 | €1,152 | -€271 | -19.0% |
| Other amounts receivable | 41 | €22,372 | €15,310 | -€7,062 | -31.6% |
| Current investments | 50/53 | €15,000 | €46,248 | +€31,248 | +208.3% |
| Cash at bank and in hand | 54/58 | €31,973 | €23,581 | -€8,392 | -26.2% |
| Deferred charges and accrued income | 490/1 | €3,053 | €54,082 | +€51,030 | +1671.7% |
| Total equity and liabilities | 10/49 | €164,918 | €306,116 | +€141,198 | +85.6% |
| Equity | 10/15 | €123,783 | €245,823 | +€122,040 | +98.6% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €91,235 | €213,275 | +€122,040 | +133.8% |
| Non-distributable reserves | 130/1 | €2,711 | €2,711 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,711 | €2,711 | = | 0.0% |
| Distributable reserves | 133 | €88,524 | €210,564 | +€122,040 | +137.9% |
| Profit (loss) carried forward | 14 | €19,948 | €19,948 | = | 0.0% |
| Amounts payable | 17/49 | €41,135 | €60,293 | +€19,158 | +46.6% |
| Amounts payable after more than one year | 17 | €22,321 | €12,304 | -€10,017 | -44.9% |
| Financial debts | 170/4 | €22,321 | €12,304 | -€10,017 | -44.9% |
| Amounts payable within one year | 42/48 | €18,664 | €47,989 | +€29,325 | +157.1% |
| Current portion of amounts payable after more than one year | 42 | €9,553 | €10,017 | +€464 | +4.9% |
| Trade debts | 44 | €6,881 | €7,890 | +€1,009 | +14.7% |
| Suppliers | 440/4 | €6,881 | €7,890 | +€1,009 | +14.7% |
| Taxes, remuneration and social security | 45 | €2,230 | €30,082 | +€27,852 | +1248.9% |
| Taxes | 450/3 | €2,230 | €30,082 | +€27,852 | +1248.9% |
| Accrued charges and deferred income | 492/3 | €150 | - | -€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,961 | €18,374 | +€1,413 | +8.3% |
| Other operating charges | 640/8 | €963 | €1,558 | +€596 | +61.9% |
| Gross operating margin | 9900 | €84,971 | €188,239 | +€103,268 | +121.5% |
| Operating profit (loss) | 9901 | €67,047 | €168,307 | +€101,259 | +151.0% |
| Financial income | 75/76B | €2,359 | €8,490 | +€6,131 | +259.9% |
| Recurring financial income | 75 | €562 | €6,033 | +€5,470 | +973.3% |
| Non-recurring financial income | 76B | €1,797 | €2,457 | +€661 | +36.8% |
| Financial charges | 65/66B | €9,804 | €1,932 | -€7,872 | -80.3% |
| Recurring financial charges | 65 | €3,383 | €1,932 | -€1,451 | -42.9% |
| Non-recurring financial charges | 66B | €6,421 | - | -€6,421 | |
| Profit (loss) for the period before taxes | 9903 | €59,602 | €174,865 | +€115,263 | +193.4% |
| Income taxes | 67/77 | €17,238 | €52,824 | +€35,587 | +206.4% |
| Profit (loss) for the period | 9904 | €42,364 | €122,040 | +€79,676 | +188.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,364 | €122,040 | +€79,676 | +188.1% |
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 28 September 2026 via checked.be.