Psymen: 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.
Psymen
Largest movements
- Current investments -€279,727
down €279,727 (-9.9%), from €2.8m to €2.6m
- Financial fixed assets -€187,500
down €187,500 (-47.4%), from €395,200 to €207,700
- Cash +€130,277
up €130,277 (+101.3%), from €128,649 to €258,926
mainly Current investments (+€279,727) and Investment in fixed assets (net) (+€187,500)
- Receivables after one year -€54,067
down €54,067 (-100.0%), from €54,067 to €0
- Tax, wage and social debts -€237,357
down €237,357 (-99.7%), from €238,190 to €833
of which Taxes: -€237,316
- Reserves -€185,275
down €185,275 (-6.3%), from €2.9m to €2.8m
- Financial income -€2.1m
down €2.1m (-89.6%), from €2.3m to €240,536
- Taxes -€207,019
down €207,019 (-80.5%), from €257,250 to €50,231
- Financial charges +€179,230
up €179,230 (+1801.1%), from €9,951 to €189,181
of which Non-recurring financial charges: +€187,500
- Gross operating margin +€1,878
up €1,878 (+1.2%), from €153,216 to €155,094
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 | €3,587,444 | €3,164,162 | -€423,282 | -11.8% |
| Fixed assets | 21/28 | €480,376 | €268,188 | -€212,188 | -44.2% |
| Tangible fixed assets | 22/27 | €85,176 | €60,488 | -€24,688 | -29.0% |
| Plant, machinery and equipment | 23 | €10,909 | €8,968 | -€1,942 | -17.8% |
| Furniture and vehicles | 24 | €74,267 | €51,521 | -€22,746 | -30.6% |
| Financial fixed assets | 28 | €395,200 | €207,700 | -€187,500 | -47.4% |
| Current assets | 29/58 | €3,107,067 | €2,895,973 | -€211,094 | -6.8% |
| Amounts receivable after more than one year | 29 | €54,067 | €0 | -€54,067 | -100.0% |
| Other amounts receivable | 291 | €54,067 | €0 | -€54,067 | -100.0% |
| Amounts receivable within one year | 40/41 | €6,410 | €15,017 | +€8,607 | +134.3% |
| Other amounts receivable | 41 | €6,410 | €15,017 | +€8,607 | +134.3% |
| Current investments | 50/53 | €2,837,130 | €2,557,403 | -€279,727 | -9.9% |
| Cash at bank and in hand | 54/58 | €128,649 | €258,926 | +€130,277 | +101.3% |
| Deferred charges and accrued income | 490/1 | €80,812 | €64,628 | -€16,184 | -20.0% |
| Total equity and liabilities | 10/49 | €3,587,444 | €3,164,162 | -€423,282 | -11.8% |
| Equity | 10/15 | €3,347,800 | €3,162,525 | -€185,275 | -5.5% |
| Contributions | 10/11 | €395,300 | €395,300 | = | 0.0% |
| Reserves | 13 | €2,948,710 | €2,763,435 | -€185,275 | -6.3% |
| Distributable reserves | 133 | €2,948,710 | €2,763,435 | -€185,275 | -6.3% |
| Profit (loss) carried forward | 14 | €3,790 | €3,790 | = | 0.0% |
| Amounts payable | 17/49 | €239,644 | €1,637 | -€238,007 | -99.3% |
| Amounts payable within one year | 42/48 | €238,814 | €863 | -€237,951 | -99.6% |
| Trade debts | 44 | €623 | €30 | -€593 | -95.2% |
| Suppliers | 440/4 | €623 | €30 | -€593 | -95.2% |
| Taxes, remuneration and social security | 45 | €238,190 | €833 | -€237,357 | -99.7% |
| Taxes | 450/3 | €238,149 | €833 | -€237,316 | -99.7% |
| Remuneration and social security | 454/9 | €41 | €0 | -€41 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €830 | €774 | -€57 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,698 | €24,688 | +€990 | +4.2% |
| Other operating charges | 640/8 | €1,425 | €1,401 | -€25 | -1.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €153,216 | €155,094 | +€1,878 | +1.2% |
| Operating profit (loss) | 9901 | €128,093 | €129,006 | +€913 | +0.7% |
| Financial income | 75/76B | €2,323,974 | €240,536 | -€2.1m | -89.6% |
| Recurring financial income | 75 | €2,323,974 | €240,536 | -€2.1m | -89.6% |
| Financial charges | 65/66B | €9,951 | €189,181 | +€179,230 | +1801.1% |
| Recurring financial charges | 65 | €9,951 | €1,681 | -€8,270 | -83.1% |
| Non-recurring financial charges | 66B | - | €187,500 | +€187,500 | |
| Profit (loss) for the period before taxes | 9903 | €2,442,116 | €180,361 | -€2.3m | -92.6% |
| Income taxes | 67/77 | €257,250 | €50,231 | -€207,019 | -80.5% |
| Profit (loss) for the period | 9904 | €2,184,865 | €130,130 | -€2.1m | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,184,865 | €130,130 | -€2.1m | -94.0% |
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.