PSYMAG: 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.
PSYMAG
Largest movements
- Deferred charges and accrued income +€3,819
up €3,819 (+549.5%), from €695 to €4,514
- Tangible fixed assets -€3,082
down €3,082 (-30.9%), from €9,972 to €6,891
of which Plant, machinery and equipment: -€2,403
- Receivables within one year -€1,835
down €1,835 (-35.9%), from €5,107 to €3,272
of which Trade receivables: -€4,489
- Cash +€1,141
up €1,141 (+34.3%), from €3,328 to €4,469
mainly Trade debts (+€13,448) and Depreciation (+€3,082)
- Other debts -€16,569
down €16,569 (-95.3%), from €17,393 to €824
- Trade debts +€13,448
up €13,448 (+712.1%), from €1,889 to €15,337
- Tax, wage and social debts +€3,031
new in 2025: €3,031
of which Remuneration and social security: +€2,431
- Financial charges -€3,942
down €3,942 (-65.4%), from €6,030 to €2,088
- Gross operating margin -€2,092
down €2,092 (-26.8%), from €7,794 to €5,702
- Depreciation -€474
down €474 (-13.3%), from €3,556 to €3,082
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 | €19,102 | €19,145 | +€44 | +0.2% |
| Fixed assets | 21/28 | €9,972 | €6,891 | -€3,082 | -30.9% |
| Tangible fixed assets | 22/27 | €9,972 | €6,891 | -€3,082 | -30.9% |
| Land and buildings | 22 | €4,907 | €4,321 | -€585 | -11.9% |
| Plant, machinery and equipment | 23 | €4,754 | €2,351 | -€2,403 | -50.5% |
| Furniture and vehicles | 24 | €311 | €218 | -€93 | -29.9% |
| Current assets | 29/58 | €9,129 | €12,255 | +€3,126 | +34.2% |
| Amounts receivable within one year | 40/41 | €5,107 | €3,272 | -€1,835 | -35.9% |
| Trade receivables | 40 | €5,107 | €618 | -€4,489 | -87.9% |
| Other amounts receivable | 41 | - | €2,654 | +€2,654 | |
| Cash at bank and in hand | 54/58 | €3,328 | €4,469 | +€1,141 | +34.3% |
| Deferred charges and accrued income | 490/1 | €695 | €4,514 | +€3,819 | +549.5% |
| Total equity and liabilities | 10/49 | €19,102 | €19,145 | +€44 | +0.2% |
| Equity | 10/15 | -€180 | -€47 | +€133 | +74.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,180 | -€2,047 | +€133 | +6.1% |
| Amounts payable | 17/49 | €19,281 | €19,192 | -€89 | -0.5% |
| Amounts payable within one year | 42/48 | €19,281 | €19,192 | -€89 | -0.5% |
| Trade debts | 44 | €1,889 | €15,337 | +€13,448 | +712.1% |
| Suppliers | 440/4 | €1,889 | €15,337 | +€13,448 | +712.1% |
| Taxes, remuneration and social security | 45 | - | €3,031 | +€3,031 | |
| Taxes | 450/3 | - | €600 | +€600 | |
| Remuneration and social security | 454/9 | - | €2,431 | +€2,431 | |
| Other amounts payable | 47/48 | €17,393 | €824 | -€16,569 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,556 | €3,082 | -€474 | -13.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €7,794 | €5,702 | -€2,092 | -26.8% |
| Operating profit (loss) | 9901 | €3,850 | €2,221 | -€1,629 | -42.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,030 | €2,088 | -€3,942 | -65.4% |
| Recurring financial charges | 65 | €6,030 | €2,088 | -€3,942 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,180 | €133 | +€2,312 | |
| Profit (loss) for the period | 9904 | -€2,180 | €133 | +€2,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,180 | €133 | +€2,312 |
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 7 October 2026 via checked.be.