PSYCOL: 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.
PSYCOL
Largest movements
- Receivables within one year -€14,753
down €14,753 (-48.7%), from €30,287 to €15,534
of which Other amounts receivable: -€9,820
- Tangible fixed assets -€8,653
down €8,653 (-17.6%), from €49,251 to €40,598
of which Other tangible fixed assets: -€4,936
- Cash -€6,650
down €6,650 (-15.5%), from €43,014 to €36,364
mainly Contributions, distributions and other (-€28,941) and Tax, wage and social debts (-€18,974)
- Reserves -€28,941
down €28,941 (-44.6%), from €64,882 to €35,941
- Tax, wage and social debts -€18,974
down €18,974 (-41.7%), from €45,491 to €26,517
of which Taxes: -€17,432
- Profit (loss) carried forward +€17,951
up €17,951 (+5142.2%), from €349 to €18,300
- Debts after one year -€4,808
down €4,808 (-25.3%), from €18,983 to €14,175
- Other debts +€2,131
up €2,131 (+209.8%), from €1,016 to €3,147
- Staff costs +€76,461
up €76,461 (+72.5%), from €105,470 to €181,931
- Gross operating margin +€42,771
up €42,771 (+24.4%), from €175,294 to €218,065
- Taxes -€6,481
down €6,481 (-48.0%), from €13,495 to €7,014
- Other operating charges -€6,146
no longer reported in 2025 (was €6,146)
- Depreciation +€2,546
up €2,546 (+37.1%), from €6,860 to €9,407
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 | €140,372 | €109,586 | -€30,786 | -21.9% |
| Fixed assets | 21/28 | €66,035 | €56,628 | -€9,407 | -14.2% |
| Intangible fixed assets | 21 | €1,084 | €330 | -€754 | -69.6% |
| Tangible fixed assets | 22/27 | €49,251 | €40,598 | -€8,653 | -17.6% |
| Furniture and vehicles | 24 | €8,851 | €5,134 | -€3,716 | -42.0% |
| Other tangible fixed assets | 26 | €40,400 | €35,464 | -€4,936 | -12.2% |
| Financial fixed assets | 28 | €15,700 | €15,700 | = | 0.0% |
| Current assets | 29/58 | €74,337 | €52,958 | -€21,379 | -28.8% |
| Amounts receivable within one year | 40/41 | €30,287 | €15,534 | -€14,753 | -48.7% |
| Trade receivables | 40 | €4,934 | - | -€4,934 | |
| Other amounts receivable | 41 | €25,354 | €15,534 | -€9,820 | -38.7% |
| Cash at bank and in hand | 54/58 | €43,014 | €36,364 | -€6,650 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,036 | €1,060 | +€24 | +2.4% |
| Total equity and liabilities | 10/49 | €140,372 | €109,586 | -€30,786 | -21.9% |
| Equity | 10/15 | €69,231 | €58,242 | -€10,990 | -15.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €64,882 | €35,941 | -€28,941 | -44.6% |
| Distributable reserves | 133 | €64,882 | €35,941 | -€28,941 | -44.6% |
| Profit (loss) carried forward | 14 | €349 | €18,300 | +€17,951 | +5142.2% |
| Amounts payable | 17/49 | €71,140 | €51,344 | -€19,796 | -27.8% |
| Amounts payable after more than one year | 17 | €18,983 | €14,175 | -€4,808 | -25.3% |
| Financial debts | 170/4 | €18,983 | €14,175 | -€4,808 | -25.3% |
| Amounts payable within one year | 42/48 | €52,157 | €36,369 | -€15,788 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €4,553 | €4,808 | +€254 | +5.6% |
| Financial debts | 43 | €417 | €1,655 | +€1,238 | +296.7% |
| Credit institutions | 430/8 | €417 | €1,655 | +€1,238 | +296.7% |
| Trade debts | 44 | €680 | €242 | -€438 | -64.4% |
| Suppliers | 440/4 | €680 | €242 | -€438 | -64.4% |
| Taxes, remuneration and social security | 45 | €45,491 | €26,517 | -€18,974 | -41.7% |
| Taxes | 450/3 | €24,481 | €7,049 | -€17,432 | -71.2% |
| Remuneration and social security | 454/9 | €21,011 | €19,468 | -€1,542 | -7.3% |
| Other amounts payable | 47/48 | €1,016 | €3,147 | +€2,131 | +209.8% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Remuneration, social security and pensions | 62 | €105,470 | €181,931 | +€76,461 | +72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,860 | €9,407 | +€2,546 | +37.1% |
| Other operating charges | 640/8 | €6,146 | - | -€6,146 | |
| Gross operating margin | 9900 | €175,294 | €218,065 | +€42,771 | +24.4% |
| Operating profit (loss) | 9901 | €56,818 | €26,727 | -€30,091 | -53.0% |
| Financial income | 75/76B | €584 | €1 | -€583 | -99.9% |
| Recurring financial income | 75 | €584 | €1 | -€583 | -99.9% |
| Financial charges | 65/66B | €926 | €1,762 | +€836 | +90.3% |
| Recurring financial charges | 65 | €926 | €1,762 | +€836 | +90.3% |
| Profit (loss) for the period before taxes | 9903 | €56,475 | €24,965 | -€31,510 | -55.8% |
| Income taxes | 67/77 | €13,495 | €7,014 | -€6,481 | -48.0% |
| Profit (loss) for the period | 9904 | €42,980 | €17,951 | -€25,029 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,980 | €17,951 | -€25,029 | -58.2% |
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 10 October 2026 via checked.be.