P.S. GLOBAL: 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.
P.S. GLOBAL
Largest movements
- Tangible fixed assets -€9,528
down €9,528 (-22.4%), from €42,520 to €32,992
of which Furniture and vehicles: -€8,201
- Receivables within one year +€9,234
up €9,234 (+3.3%), from €283,483 to €292,717
of which Other amounts receivable: +€9,692
- Profit (loss) carried forward +€9,375
up €9,375 (+6.0%), from €157,060 to €166,435
- Debts after one year -€5,478
down €5,478 (-100.0%), from €5,478 to €0
- Short-term financial debts +€4,543
new in 2025: €4,543
- Current portion of long-term debt -€3,793
down €3,793 (-40.9%), from €9,271 to €5,478
- Gross operating margin -€14,747
down €14,747 (-37.3%), from €39,545 to €24,797
- Taxes -€4,632
down €4,632 (-58.8%), from €7,880 to €3,248
- Other operating charges +€878
up €878 (+157.2%), from €558 to €1,437
- Depreciation +€654
up €654 (+7.4%), from €8,874 to €9,528
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 | €326,861 | €329,534 | +€2,672 | +0.8% |
| Fixed assets | 21/28 | €42,520 | €32,992 | -€9,528 | -22.4% |
| Tangible fixed assets | 22/27 | €42,520 | €32,992 | -€9,528 | -22.4% |
| Land and buildings | 22 | €18,370 | €17,428 | -€942 | -5.1% |
| Furniture and vehicles | 24 | €20,502 | €12,301 | -€8,201 | -40.0% |
| Other tangible fixed assets | 26 | €3,648 | €3,263 | -€386 | -10.6% |
| Current assets | 29/58 | €284,342 | €296,542 | +€12,200 | +4.3% |
| Amounts receivable within one year | 40/41 | €283,483 | €292,717 | +€9,234 | +3.3% |
| Trade receivables | 40 | €16,909 | €16,451 | -€458 | -2.7% |
| Other amounts receivable | 41 | €266,574 | €276,266 | +€9,692 | +3.6% |
| Cash at bank and in hand | 54/58 | €859 | €3,696 | +€2,837 | +330.4% |
| Deferred charges and accrued income | 490/1 | €0 | €129 | +€129 | |
| Total equity and liabilities | 10/49 | €326,861 | €329,534 | +€2,672 | +0.8% |
| Equity | 10/15 | €302,312 | €311,687 | +€9,375 | +3.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €126,702 | €126,702 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Other | 1319 | - | €1,855 | +€1,855 | |
| Tax-exempt reserves | 132 | €13,670 | €13,670 | = | 0.0% |
| Distributable reserves | 133 | €111,177 | €111,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,060 | €166,435 | +€9,375 | +6.0% |
| Amounts payable | 17/49 | €24,550 | €17,847 | -€6,702 | -27.3% |
| Amounts payable after more than one year | 17 | €5,478 | €0 | -€5,478 | -100.0% |
| Financial debts | 170/4 | €5,478 | €0 | -€5,478 | -100.0% |
| Amounts payable within one year | 42/48 | €17,525 | €17,847 | +€322 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €9,271 | €5,478 | -€3,793 | -40.9% |
| Financial debts | 43 | - | €4,543 | +€4,543 | |
| Other loans | 439 | - | €4,543 | +€4,543 | |
| Trade debts | 44 | €8,254 | €7,806 | -€448 | -5.4% |
| Suppliers | 440/4 | €8,254 | €7,806 | -€448 | -5.4% |
| Taxes, remuneration and social security | 45 | - | €20 | +€20 | |
| Taxes | 450/3 | - | €20 | +€20 | |
| Accrued charges and deferred income | 492/3 | €1,546 | €0 | -€1,546 | -100.0% |
| Remuneration, social security and pensions | 62 | €254 | €0 | -€254 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,874 | €9,528 | +€654 | +7.4% |
| Other operating charges | 640/8 | €558 | €1,437 | +€878 | +157.2% |
| Non-recurring operating charges | 66A | - | €177 | +€177 | |
| Gross operating margin | 9900 | €39,545 | €24,797 | -€14,747 | -37.3% |
| Operating profit (loss) | 9901 | €29,859 | €13,656 | -€16,203 | -54.3% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €981 | €1,033 | +€52 | +5.3% |
| Recurring financial charges | 65 | €981 | €1,033 | +€52 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €28,888 | €12,623 | -€16,265 | -56.3% |
| Income taxes | 67/77 | €7,880 | €3,248 | -€4,632 | -58.8% |
| Profit (loss) for the period | 9904 | €21,008 | €9,375 | -€11,633 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,008 | €9,375 | -€11,633 | -55.4% |
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 11 October 2026 via checked.be.