RECHERCHE-PSY: 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.
RECHERCHE-PSY
Largest movements
- Cash +€29,508
up €29,508 (+45.0%), from €65,579 to €95,087
mainly Net result for the year (+€27,529) and Receivables within one year (+€10,430)
- Receivables within one year -€10,430
down €10,430 (-63.1%), from €16,536 to €6,107
of which Other amounts receivable: -€14,252
- Tangible fixed assets -€2,006
down €2,006 (-10.7%), from €18,704 to €16,698
of which Furniture and vehicles: -€1,176
- Reserves +€27,529
up €27,529 (+40.4%), from €68,119 to €95,649
- Other debts -€10,586
down €10,586 (-80.5%), from €13,144 to €2,557
- Trade debts -€3,523
down €3,523 (-83.3%), from €4,231 to €708
- Tax, wage and social debts +€3,437
up €3,437 (+94.7%), from €3,629 to €7,065
of which Taxes: +€5,358
- Gross operating margin +€31,353
up €31,353 (+221%), from €14,166 to €45,519
- Taxes +€8,481
up €8,481 (+366%), from €2,316 to €10,797
- Depreciation +€785
up €785 (+15.2%), from €5,177 to €5,963
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.
Derived cash bridge
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 | €103,383 | €120,239 | +€16,856 | +16.3% |
| Fixed assets | 21/28 | €18,704 | €16,698 | -€2,006 | -10.7% |
| Tangible fixed assets | 22/27 | €18,704 | €16,698 | -€2,006 | -10.7% |
| Land and buildings | 22 | €11,566 | €10,736 | -€830 | -7.2% |
| Furniture and vehicles | 24 | €7,138 | €5,962 | -€1,176 | -16.5% |
| Current assets | 29/58 | €84,679 | €103,541 | +€18,862 | +22.3% |
| Amounts receivable within one year | 40/41 | €16,536 | €6,107 | -€10,430 | -63.1% |
| Trade receivables | 40 | - | €3,822 | +€3,822 | |
| Other amounts receivable | 41 | €16,536 | €2,284 | -€14,252 | -86.2% |
| Cash at bank and in hand | 54/58 | €65,579 | €95,087 | +€29,508 | +45.0% |
| Deferred charges and accrued income | 490/1 | €2,564 | €2,348 | -€216 | -8.4% |
| Total equity and liabilities | 10/49 | €103,383 | €120,239 | +€16,856 | +16.3% |
| Equity | 10/15 | €82,379 | €109,909 | +€27,529 | +33.4% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €68,119 | €95,649 | +€27,529 | +40.4% |
| Distributable reserves | 133 | €68,119 | €95,649 | +€27,529 | +40.4% |
| Amounts payable | 17/49 | €21,004 | €10,331 | -€10,673 | -50.8% |
| Amounts payable within one year | 42/48 | €21,004 | €10,331 | -€10,673 | -50.8% |
| Trade debts | 44 | €4,231 | €708 | -€3,523 | -83.3% |
| Suppliers | 440/4 | €4,231 | €708 | -€3,523 | -83.3% |
| Taxes, remuneration and social security | 45 | €3,629 | €7,065 | +€3,437 | +94.7% |
| Taxes | 450/3 | €1,586 | €6,943 | +€5,358 | +338% |
| Remuneration and social security | 454/9 | €2,043 | €122 | -€1,921 | -94.0% |
| Other amounts payable | 47/48 | €13,144 | €2,557 | -€10,586 | -80.5% |
| Non-recurring operating income | 76A | €3,250 | €1,155 | -€2,095 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,177 | €5,963 | +€785 | +15.2% |
| Other operating charges | 640/8 | €310 | €103 | -€207 | -66.8% |
| Gross operating margin | 9900 | €14,166 | €45,519 | +€31,353 | +221% |
| Operating profit (loss) | 9901 | €8,679 | €39,454 | +€30,775 | +355% |
| Financial charges | 65/66B | €1,249 | €1,127 | -€122 | -9.8% |
| Recurring financial charges | 65 | €1,245 | €1,107 | -€139 | -11.1% |
| Non-recurring financial charges | 66B | €4 | €20 | +€16 | +411% |
| Profit (loss) for the period before taxes | 9903 | €7,430 | €38,327 | +€30,897 | +416% |
| Income taxes | 67/77 | €2,316 | €10,797 | +€8,481 | +366% |
| Profit (loss) for the period | 9904 | €5,113 | €27,529 | +€22,416 | +438% |
| Profit (loss) for the period to be appropriated | 9905 | €5,113 | €27,529 | +€22,416 | +438% |
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 24 October 2026 via checked.be.