PsyThiels: 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.
PsyThiels
Largest movements
- Tangible fixed assets -€96,724
down €96,724 (-6.3%), from €1.5m to €1.4m
of which Land and buildings: -€94,835
- Profit (loss) carried forward -€45,510
down €45,510 (-63.3%), from -€71,857 to -€117,366
- Debts after one year -€36,453
down €36,453 (-2.3%), from €1.6m to €1.5m
of which Financial debts: -€37,453
- Depreciation +€68,096
up €68,096 (+121.5%), from €56,057 to €124,153
- Gross operating margin +€62,420
up €62,420 (+85.8%), from €72,792 to €135,212
- Other operating charges +€2,994
up €2,994 (+123.8%), from €2,419 to €5,413
- Financial charges +€2,511
up €2,511 (+5.2%), from €48,644 to €51,155
- Financial income -€1,506
no longer reported in 2025 (was €1,506)
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 | €1,568,013 | €1,476,129 | -€91,884 | -5.9% |
| Fixed assets | 21/28 | €1,536,042 | €1,439,317 | -€96,724 | -6.3% |
| Tangible fixed assets | 22/27 | €1,536,042 | €1,439,317 | -€96,724 | -6.3% |
| Land and buildings | 22 | €1,532,652 | €1,437,816 | -€94,835 | -6.2% |
| Furniture and vehicles | 24 | €3,390 | €1,501 | -€1,889 | -55.7% |
| Current assets | 29/58 | €31,971 | €36,812 | +€4,841 | +15.1% |
| Cash at bank and in hand | 54/58 | €17,895 | €23,311 | +€5,415 | +30.3% |
| Deferred charges and accrued income | 490/1 | €14,076 | €13,501 | -€575 | -4.1% |
| Total equity and liabilities | 10/49 | €1,568,013 | €1,476,129 | -€91,884 | -5.9% |
| Equity | 10/15 | -€59,457 | -€104,966 | -€45,510 | -76.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,857 | -€117,366 | -€45,510 | -63.3% |
| Amounts payable | 17/49 | €1,627,470 | €1,581,095 | -€46,374 | -2.8% |
| Amounts payable after more than one year | 17 | €1,556,558 | €1,520,105 | -€36,453 | -2.3% |
| Financial debts | 170/4 | €1,555,258 | €1,517,805 | -€37,453 | -2.4% |
| Other amounts payable | 178/9 | €1,300 | €2,300 | +€1,000 | +76.9% |
| Amounts payable within one year | 42/48 | €70,911 | €60,990 | -€9,921 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €49,631 | €51,453 | +€1,822 | +3.7% |
| Trade debts | 44 | €18,451 | €5,099 | -€13,351 | -72.4% |
| Suppliers | 440/4 | €18,451 | €5,099 | -€13,351 | -72.4% |
| Taxes, remuneration and social security | 45 | €132 | €135 | +€3 | +2.3% |
| Taxes | 450/3 | €132 | €135 | +€3 | +2.3% |
| Other amounts payable | 47/48 | €2,698 | €4,303 | +€1,605 | +59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,057 | €124,153 | +€68,096 | +121.5% |
| Other operating charges | 640/8 | €2,419 | €5,413 | +€2,994 | +123.8% |
| Gross operating margin | 9900 | €72,792 | €135,212 | +€62,420 | +85.8% |
| Operating profit (loss) | 9901 | €14,316 | €5,646 | -€8,671 | -60.6% |
| Financial income | 75/76B | €1,506 | - | -€1,506 | |
| Recurring financial income | 75 | €1,506 | - | -€1,506 | |
| Financial charges | 65/66B | €48,644 | €51,155 | +€2,511 | +5.2% |
| Recurring financial charges | 65 | €48,644 | €51,155 | +€2,511 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,822 | -€45,510 | -€12,688 | -38.7% |
| Profit (loss) for the period | 9904 | -€32,822 | -€45,510 | -€12,688 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,822 | -€45,510 | -€12,688 | -38.7% |
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 28 September 2026 via checked.be.