P.S. MANAGEMENT & CONSULTING: what changed
P.S. MANAGEMENT & CONSULTING
Largest movements
- Cash +€314,900
up €314,900 (+328%), from €96,075 to €410,975
mainly Current investments (+€250,000) and Net result for the year (+€89,951)
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tangible fixed assets -€13,823
down €13,823 (-6.1%), from €226,840 to €213,017
of which Land and buildings: -€13,035
- Receivables within one year +€11,964
up €11,964 (+46.6%), from €25,672 to €37,636
of which Trade receivables: +€13,497
- Other debts +€42,580
up €42,580 (+91.6%), from €46,470 to €89,050
- Reserves +€37,420
up €37,420 (+11.7%), from €320,613 to €358,033
of which Distributable reserves: +€37,420
- Debts after one year -€20,008
down €20,008 (-18.0%), from €111,224 to €91,215
- Tax, wage and social debts +€6,802
up €6,802 (+63.0%), from €10,803 to €17,606
- Gross operating margin +€60,650
up €60,650 (+75.3%), from €80,565 to €141,215
- Taxes +€18,239
up €18,239 (+91.6%), from €19,918 to €38,157
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €601,356 | €667,329 | +€65,973 | +11.0% |
| Fixed assets | 21/28 | €226,840 | €213,017 | -€13,823 | -6.1% |
| Tangible fixed assets | 22/27 | €226,840 | €213,017 | -€13,823 | -6.1% |
| Land and buildings | 22 | €225,440 | €212,405 | -€13,035 | -5.8% |
| Furniture and vehicles | 24 | €1,400 | €612 | -€787 | -56.2% |
| Current assets | 29/58 | €374,516 | €454,311 | +€79,796 | +21.3% |
| Amounts receivable within one year | 40/41 | €25,672 | €37,636 | +€11,964 | +46.6% |
| Trade receivables | 40 | €24,140 | €37,636 | +€13,497 | +55.9% |
| Other amounts receivable | 41 | €1,532 | €0 | -€1,532 | -100% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €96,075 | €410,975 | +€314,900 | +328% |
| Deferred charges and accrued income | 490/1 | €2,769 | €5,700 | +€2,931 | +106% |
| Total equity and liabilities | 10/49 | €601,356 | €667,329 | +€65,973 | +11.0% |
| Equity | 10/15 | €339,213 | €376,633 | +€37,420 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €320,613 | €358,033 | +€37,420 | +11.7% |
| Tax-exempt reserves | 132 | €54,730 | €54,730 | = | 0.0% |
| Distributable reserves | 133 | €265,883 | €303,303 | +€37,420 | +14.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €70,541 | €70,541 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,541 | €70,541 | = | 0.0% |
| Pensions and similar obligations | 160 | €70,541 | €70,541 | = | 0.0% |
| Amounts payable | 17/49 | €191,602 | €220,154 | +€28,553 | +14.9% |
| Amounts payable after more than one year | 17 | €111,224 | €91,215 | -€20,008 | -18.0% |
| Financial debts | 170/4 | €111,224 | €91,215 | -€20,008 | -18.0% |
| Amounts payable within one year | 42/48 | €80,378 | €128,939 | +€48,561 | +60.4% |
| Current portion of amounts payable after more than one year | 42 | €19,776 | €20,008 | +€232 | +1.2% |
| Trade debts | 44 | €3,329 | €2,275 | -€1,054 | -31.7% |
| Suppliers | 440/4 | €3,329 | €2,275 | -€1,054 | -31.7% |
| Taxes, remuneration and social security | 45 | €10,803 | €17,606 | +€6,802 | +63.0% |
| Taxes | 450/3 | €10,803 | €17,606 | +€6,802 | +63.0% |
| Other amounts payable | 47/48 | €46,470 | €89,050 | +€42,580 | +91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,003 | €13,823 | -€1,180 | -7.9% |
| Other operating charges | 640/8 | €2,650 | €1,789 | -€861 | -32.5% |
| Gross operating margin | 9900 | €80,565 | €141,215 | +€60,650 | +75.3% |
| Operating profit (loss) | 9901 | €62,912 | €125,604 | +€62,691 | +99.6% |
| Financial income | 75/76B | €6,331 | €5,767 | -€564 | -8.9% |
| Recurring financial income | 75 | €6,331 | €5,767 | -€564 | -8.9% |
| Financial charges | 65/66B | €2,479 | €3,262 | +€783 | +31.6% |
| Recurring financial charges | 65 | €2,479 | €3,262 | +€783 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €66,764 | €128,108 | +€61,344 | +91.9% |
| Income taxes | 67/77 | €19,918 | €38,157 | +€18,239 | +91.6% |
| Profit (loss) for the period | 9904 | €46,846 | €89,951 | +€43,105 | +92.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €46,846 | €89,951 | +€43,105 | +92.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.