P-Square Solutions: 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.
P-Square Solutions
Largest movements
- Current investments +€24,000
up €24,000 (+18.1%), from €132,440 to €156,440
- Cash +€20,291
up €20,291 (+9.0%), from €225,951 to €246,241
mainly Net result for the year (+€26,673) and Tax, wage and social debts (+€15,142)
- Receivables within one year -€12,496
down €12,496 (-65.7%), from €19,018 to €6,522
of which Trade receivables: -€12,755
- Deferred charges and accrued income +€11,331
up €11,331 (+47.5%), from €23,855 to €35,186
- Reserves +€26,673
up €26,673 (+6.4%), from €414,715 to €441,388
of which Distributable reserves: +€26,673
- Tax, wage and social debts +€15,142
up €15,142 (+240.3%), from €6,300 to €21,442
of which Taxes: +€15,142
- Gross operating margin +€32,516
up €32,516 (+361.4%), from €8,996 to €41,512
- Taxes +€9,225
up €9,225 (+435.7%), from €2,117 to €11,342
- Depreciation +€796
up €796 (+27.8%), from €2,864 to €3,660
- Financial charges -€540
down €540 (-66.3%), from €814 to €274
- Financial income -€446
down €446 (-28.0%), from €1,596 to €1,150
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 | €451,098 | €495,362 | +€44,264 | +9.8% |
| Fixed assets | 21/28 | €7,833 | €8,972 | +€1,138 | +14.5% |
| Tangible fixed assets | 22/27 | €4,943 | €6,082 | +€1,138 | +23.0% |
| Plant, machinery and equipment | 23 | €2,299 | €4,705 | +€2,406 | +104.7% |
| Furniture and vehicles | 24 | €2,067 | €978 | -€1,090 | -52.7% |
| Other tangible fixed assets | 26 | €577 | €400 | -€178 | -30.8% |
| Financial fixed assets | 28 | €2,890 | €2,890 | = | 0.0% |
| Current assets | 29/58 | €443,265 | €486,390 | +€43,125 | +9.7% |
| Amounts receivable after more than one year | 29 | €42,000 | €42,000 | = | 0.0% |
| Other amounts receivable | 291 | €42,000 | €42,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,018 | €6,522 | -€12,496 | -65.7% |
| Trade receivables | 40 | €16,005 | €3,250 | -€12,755 | -79.7% |
| Other amounts receivable | 41 | €3,013 | €3,272 | +€259 | +8.6% |
| Current investments | 50/53 | €132,440 | €156,440 | +€24,000 | +18.1% |
| Cash at bank and in hand | 54/58 | €225,951 | €246,241 | +€20,291 | +9.0% |
| Deferred charges and accrued income | 490/1 | €23,855 | €35,186 | +€11,331 | +47.5% |
| Total equity and liabilities | 10/49 | €451,098 | €495,362 | +€44,264 | +9.8% |
| Equity | 10/15 | €438,071 | €464,743 | +€26,673 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €414,715 | €441,388 | +€26,673 | +6.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €414,715 | €441,388 | +€26,673 | +6.4% |
| Profit (loss) carried forward | 14 | €17,156 | €17,156 | = | 0.0% |
| Amounts payable | 17/49 | €13,027 | €30,619 | +€17,591 | +135.0% |
| Amounts payable within one year | 42/48 | €13,027 | €30,619 | +€17,591 | +135.0% |
| Trade debts | 44 | €1,228 | €3,677 | +€2,449 | +199.5% |
| Suppliers | 440/4 | €1,228 | €3,677 | +€2,449 | +199.5% |
| Taxes, remuneration and social security | 45 | €6,300 | €21,442 | +€15,142 | +240.3% |
| Taxes | 450/3 | €2,900 | €18,042 | +€15,142 | +522.1% |
| Remuneration and social security | 454/9 | €3,400 | €3,400 | = | 0.0% |
| Other amounts payable | 47/48 | €5,500 | €5,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,864 | €3,660 | +€796 | +27.8% |
| Other operating charges | 640/8 | €1,025 | €713 | -€312 | -30.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €8,996 | €41,512 | +€32,516 | +361.4% |
| Operating profit (loss) | 9901 | €5,107 | €37,139 | +€32,032 | +627.2% |
| Financial income | 75/76B | €1,596 | €1,150 | -€446 | -28.0% |
| Recurring financial income | 75 | €1,596 | €1,150 | -€446 | -28.0% |
| Financial charges | 65/66B | €814 | €274 | -€540 | -66.3% |
| Recurring financial charges | 65 | €814 | €274 | -€540 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €5,889 | €38,014 | +€32,126 | +545.6% |
| Income taxes | 67/77 | €2,117 | €11,342 | +€9,225 | +435.7% |
| Profit (loss) for the period | 9904 | €3,772 | €26,673 | +€22,901 | +607.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,772 | €26,673 | +€22,901 | +607.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.