Psystems: 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.
Psystems
Largest movements
- Tangible fixed assets +€109,250
up €109,250 (+105.5%), from €103,509 to €212,759
of which Furniture and vehicles: +€110,527
- Cash +€50,228
up €50,228 (+38.5%), from €130,449 to €180,676
mainly Net result for the year (+€91,076) and Debts after one year (+€74,562)
- Receivables within one year +€34,503
up €34,503 (+34.6%), from €99,587 to €134,091
of which Trade receivables: +€34,503
- Debts after one year +€74,562
up €74,562 (+124.9%), from €59,716 to €134,278
- Tax, wage and social debts +€71,126
up €71,126 (+125.3%), from €56,776 to €127,902
of which Taxes: +€51,683
- Other debts +€39,082
up €39,082 (+175.2%), from €22,312 to €61,395
- Trade debts -€35,667
down €35,667 (-90.3%), from €39,501 to €3,834
- Current portion of long-term debt +€23,449
up €23,449 (+91.0%), from €25,756 to €49,206
- Gross operating margin +€136,712
up €136,712 (+43.9%), from €311,610 to €448,323
- Staff costs +€90,100
up €90,100 (+50.1%), from €179,940 to €270,040
- Depreciation +€14,166
up €14,166 (+47.6%), from €29,747 to €43,913
- Taxes +€12,805
up €12,805 (+55.2%), from €23,209 to €36,013
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 | €340,570 | €535,356 | +€194,786 | +57.2% |
| Fixed assets | 21/28 | €109,548 | €220,589 | +€111,041 | +101.4% |
| Intangible fixed assets | 21 | €2,723 | €1,814 | -€909 | -33.4% |
| Tangible fixed assets | 22/27 | €103,509 | €212,759 | +€109,250 | +105.5% |
| Plant, machinery and equipment | 23 | €1,184 | €385 | -€799 | -67.5% |
| Furniture and vehicles | 24 | €100,699 | €211,226 | +€110,527 | +109.8% |
| Other tangible fixed assets | 26 | €1,626 | €1,149 | -€478 | -29.4% |
| Financial fixed assets | 28 | €3,316 | €6,016 | +€2,700 | +81.4% |
| Current assets | 29/58 | €231,021 | €314,767 | +€83,746 | +36.3% |
| Amounts receivable within one year | 40/41 | €99,587 | €134,091 | +€34,503 | +34.6% |
| Trade receivables | 40 | €97,789 | €132,293 | +€34,503 | +35.3% |
| Other amounts receivable | 41 | €1,798 | €1,798 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €130,449 | €180,676 | +€50,228 | +38.5% |
| Deferred charges and accrued income | 490/1 | €985 | €0 | -€985 | -100.0% |
| Total equity and liabilities | 10/49 | €340,570 | €535,356 | +€194,786 | +57.2% |
| Equity | 10/15 | €136,507 | €158,740 | +€22,233 | +16.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €120,000 | €143,000 | +€23,000 | +19.2% |
| Distributable reserves | 133 | €120,000 | €143,000 | +€23,000 | +19.2% |
| Profit (loss) carried forward | 14 | €1,507 | €740 | -€767 | -50.9% |
| Amounts payable | 17/49 | €204,062 | €376,616 | +€172,553 | +84.6% |
| Amounts payable after more than one year | 17 | €59,716 | €134,278 | +€74,562 | +124.9% |
| Financial debts | 170/4 | €59,716 | €134,278 | +€74,562 | +124.9% |
| Amounts payable within one year | 42/48 | €144,346 | €242,337 | +€97,991 | +67.9% |
| Current portion of amounts payable after more than one year | 42 | €25,756 | €49,206 | +€23,449 | +91.0% |
| Trade debts | 44 | €39,501 | €3,834 | -€35,667 | -90.3% |
| Suppliers | 440/4 | €39,501 | €3,834 | -€35,667 | -90.3% |
| Taxes, remuneration and social security | 45 | €56,776 | €127,902 | +€71,126 | +125.3% |
| Taxes | 450/3 | €34,439 | €86,122 | +€51,683 | +150.1% |
| Remuneration and social security | 454/9 | €22,336 | €41,780 | +€19,444 | +87.0% |
| Other amounts payable | 47/48 | €22,312 | €61,395 | +€39,082 | +175.2% |
| Non-recurring operating income | 76A | €1,522 | €10,744 | +€9,222 | +605.9% |
| Remuneration, social security and pensions | 62 | €179,940 | €270,040 | +€90,100 | +50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,747 | €43,913 | +€14,166 | +47.6% |
| Other operating charges | 640/8 | €2,844 | €3,045 | +€201 | +7.1% |
| Non-recurring operating charges | 66A | €10,955 | €0 | -€10,955 | -100.0% |
| Gross operating margin | 9900 | €311,610 | €448,323 | +€136,712 | +43.9% |
| Operating profit (loss) | 9901 | €88,125 | €131,325 | +€43,201 | +49.0% |
| Financial income | 75/76B | €3 | €30 | +€28 | +1044.0% |
| Recurring financial income | 75 | €3 | €30 | +€28 | +1044.0% |
| Financial charges | 65/66B | €2,982 | €4,267 | +€1,284 | +43.1% |
| Recurring financial charges | 65 | €2,982 | €4,267 | +€1,284 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €85,145 | €127,089 | +€41,944 | +49.3% |
| Income taxes | 67/77 | €23,209 | €36,013 | +€12,805 | +55.2% |
| Profit (loss) for the period | 9904 | €61,936 | €91,076 | +€29,140 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,936 | €91,076 | +€29,140 | +47.0% |
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 9 October 2026 via checked.be.