PSYGYN: 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.
PSYGYN
Largest movements
- Cash +€113,890
up €113,890 (+53.2%), from €213,882 to €327,772
mainly Net result for the year (+€180,912) and Depreciation (+€77,783)
- Tangible fixed assets -€57,798
down €57,798 (-7.9%), from €729,565 to €671,766
of which Land and buildings: -€52,703
- Receivables within one year -€12,870
no longer reported in 2025 (was €12,870)
of which Trade receivables: -€8,398
- Reserves +€180,910
up €180,910 (+23.4%), from €772,080 to €952,990
- Current portion of long-term debt -€85,803
down €85,803 (-70.6%), from €121,538 to €35,735
- Other debts -€28,385
down €28,385 (-79.0%), from €35,947 to €7,562
- Debts after one year -€26,280
down €26,280 (-74.4%), from €35,299 to €9,019
- Tax, wage and social debts +€11,141
up €11,141 (+169.2%), from €6,585 to €17,726
- Gross operating margin +€38,602
up €38,602 (+12.5%), from €309,287 to €347,889
- Taxes +€13,385
up €13,385 (+19.7%), from €68,032 to €81,417
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 | €1,009,909 | €1,056,677 | +€46,768 | +4.6% |
| Fixed assets | 21/28 | €735,305 | €677,506 | -€57,798 | -7.9% |
| Tangible fixed assets | 22/27 | €729,565 | €671,766 | -€57,798 | -7.9% |
| Land and buildings | 22 | €710,633 | €657,930 | -€52,703 | -7.4% |
| Furniture and vehicles | 24 | €18,932 | €13,837 | -€5,095 | -26.9% |
| Financial fixed assets | 28 | €5,740 | €5,740 | = | 0.0% |
| Current assets | 29/58 | €274,604 | €379,170 | +€104,566 | +38.1% |
| Amounts receivable within one year | 40/41 | €12,870 | - | -€12,870 | |
| Trade receivables | 40 | €8,398 | - | -€8,398 | |
| Other amounts receivable | 41 | €4,472 | - | -€4,472 | |
| Cash at bank and in hand | 54/58 | €213,882 | €327,772 | +€113,890 | +53.2% |
| Deferred charges and accrued income | 490/1 | €47,851 | €51,398 | +€3,547 | +7.4% |
| Total equity and liabilities | 10/49 | €1,009,909 | €1,056,677 | +€46,768 | +4.6% |
| Equity | 10/15 | €797,371 | €978,283 | +€180,912 | +22.7% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €772,080 | €952,990 | +€180,910 | +23.4% |
| Distributable reserves | 133 | €772,080 | €952,990 | +€180,910 | +23.4% |
| Profit (loss) carried forward | 14 | €491 | €493 | +€2 | +0.4% |
| Amounts payable | 17/49 | €212,538 | €78,394 | -€134,144 | -63.1% |
| Amounts payable after more than one year | 17 | €35,299 | €9,019 | -€26,280 | -74.4% |
| Financial debts | 170/4 | €35,299 | €9,019 | -€26,280 | -74.4% |
| Amounts payable within one year | 42/48 | €176,877 | €69,228 | -€107,649 | -60.9% |
| Current portion of amounts payable after more than one year | 42 | €121,538 | €35,735 | -€85,803 | -70.6% |
| Trade debts | 44 | €12,807 | €8,204 | -€4,602 | -35.9% |
| Suppliers | 440/4 | €12,807 | €8,204 | -€4,602 | -35.9% |
| Taxes, remuneration and social security | 45 | €6,585 | €17,726 | +€11,141 | +169.2% |
| Taxes | 450/3 | €6,585 | €17,726 | +€11,141 | +169.2% |
| Other amounts payable | 47/48 | €35,947 | €7,562 | -€28,385 | -79.0% |
| Accrued charges and deferred income | 492/3 | €363 | €147 | -€215 | -59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,844 | €77,783 | -€3,061 | -3.8% |
| Other operating charges | 640/8 | €5,180 | €5,211 | +€31 | +0.6% |
| Gross operating margin | 9900 | €309,287 | €347,889 | +€38,602 | +12.5% |
| Operating profit (loss) | 9901 | €223,264 | €264,895 | +€41,632 | +18.6% |
| Financial income | 75/76B | €1,105 | €919 | -€187 | -16.9% |
| Recurring financial income | 75 | €1,105 | €919 | -€187 | -16.9% |
| Financial charges | 65/66B | €6,532 | €3,486 | -€3,046 | -46.6% |
| Recurring financial charges | 65 | €6,532 | €3,486 | -€3,046 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €217,837 | €262,329 | +€44,492 | +20.4% |
| Income taxes | 67/77 | €68,032 | €81,417 | +€13,385 | +19.7% |
| Profit (loss) for the period | 9904 | €149,805 | €180,912 | +€31,106 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €149,805 | €180,912 | +€31,106 | +20.8% |
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 29 September 2026 via checked.be.