PSYRA: 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.
PSYRA
Largest movements
- Tangible fixed assets -€50,713
down €50,713 (-7.4%), from €688,633 to €637,919
of which Land and buildings: -€44,799
- Cash -€37,904
down €37,904 (-32.9%), from €115,157 to €77,253
mainly Contributions, distributions and other (-€204,750) and Debts after one year (-€63,034)
- Intangible fixed assets -€22,500
down €22,500 (-100.0%), from €22,500 to €0
- Debts after one year -€63,034
down €63,034 (-13.7%), from €461,533 to €398,499
- Reserves -€50,568
down €50,568 (-41.9%), from €120,568 to €70,000
- Gross operating margin +€9,817
up €9,817 (+3.4%), from €286,301 to €296,118
- Financial charges -€5,298
down €5,298 (-22.3%), from €23,732 to €18,434
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 | €909,867 | €789,378 | -€120,488 | -13.2% |
| Fixed assets | 21/28 | €711,133 | €637,919 | -€73,213 | -10.3% |
| Intangible fixed assets | 21 | €22,500 | €0 | -€22,500 | -100.0% |
| Tangible fixed assets | 22/27 | €688,633 | €637,919 | -€50,713 | -7.4% |
| Land and buildings | 22 | €667,056 | €622,257 | -€44,799 | -6.7% |
| Plant, machinery and equipment | 23 | €15,795 | €12,798 | -€2,997 | -19.0% |
| Furniture and vehicles | 24 | €5,781 | €2,864 | -€2,917 | -50.5% |
| Current assets | 29/58 | €198,734 | €151,459 | -€47,275 | -23.8% |
| Amounts receivable within one year | 40/41 | €8,031 | €4,912 | -€3,119 | -38.8% |
| Trade receivables | 40 | €4,320 | €2,160 | -€2,160 | -50.0% |
| Other amounts receivable | 41 | €3,711 | €2,752 | -€959 | -25.9% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €115,157 | €77,253 | -€37,904 | -32.9% |
| Deferred charges and accrued income | 490/1 | €75,296 | €69,044 | -€6,252 | -8.3% |
| Total equity and liabilities | 10/49 | €909,867 | €789,378 | -€120,488 | -13.2% |
| Equity | 10/15 | €139,168 | €88,600 | -€50,568 | -36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,568 | €70,000 | -€50,568 | -41.9% |
| Distributable reserves | 133 | €120,568 | €70,000 | -€50,568 | -41.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €770,699 | €700,778 | -€69,921 | -9.1% |
| Amounts payable after more than one year | 17 | €461,533 | €398,499 | -€63,034 | -13.7% |
| Financial debts | 170/4 | €461,533 | €398,499 | -€63,034 | -13.7% |
| Amounts payable within one year | 42/48 | €299,376 | €294,153 | -€5,224 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €78,922 | €71,470 | -€7,452 | -9.4% |
| Financial debts | 43 | €24 | €0 | -€24 | -100.0% |
| Credit institutions | 430/8 | €24 | €0 | -€24 | -100.0% |
| Trade debts | 44 | €2,719 | €98 | -€2,621 | -96.4% |
| Suppliers | 440/4 | €2,719 | €98 | -€2,621 | -96.4% |
| Taxes, remuneration and social security | 45 | €3,347 | €4,960 | +€1,612 | +48.2% |
| Taxes | 450/3 | €0 | €1,573 | +€1,573 | |
| Remuneration and social security | 454/9 | €3,347 | €3,387 | +€39 | +1.2% |
| Other amounts payable | 47/48 | €214,364 | €217,625 | +€3,261 | +1.5% |
| Accrued charges and deferred income | 492/3 | €9,789 | €8,126 | -€1,663 | -17.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,332 | €73,213 | -€119 | -0.2% |
| Other operating charges | 640/8 | €3,684 | €3,444 | -€240 | -6.5% |
| Gross operating margin | 9900 | €286,301 | €296,118 | +€9,817 | +3.4% |
| Operating profit (loss) | 9901 | €209,285 | €219,460 | +€10,175 | +4.9% |
| Financial income | 75/76B | €861 | €575 | -€285 | -33.1% |
| Recurring financial income | 75 | €861 | €575 | -€285 | -33.1% |
| Financial charges | 65/66B | €23,732 | €18,434 | -€5,298 | -22.3% |
| Recurring financial charges | 65 | €23,732 | €18,434 | -€5,298 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €186,413 | €201,602 | +€15,189 | +8.1% |
| Income taxes | 67/77 | €46,476 | €47,420 | +€944 | +2.0% |
| Profit (loss) for the period | 9904 | €139,937 | €154,182 | +€14,245 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €139,937 | €154,182 | +€14,245 | +10.2% |
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 12 October 2026 via checked.be.