PCSAMU: 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.
PCSAMU
Largest movements
- Cash +€9,580
up €9,580 (+11.7%), from €81,710 to €91,290
mainly Depreciation (+€10,394) and Net result for the year (+€9,501)
- Tangible fixed assets -€4,982
down €4,982 (-14.4%), from €34,669 to €29,687
of which Furniture and vehicles: -€3,889
- Reserves +€9,501
up €9,501 (+8.4%), from €112,981 to €122,482
of which Distributable reserves: +€9,501
- Current portion of long-term debt -€4,592
no longer reported in 2025 (was €4,592)
- Gross operating margin -€2,041
down €2,041 (-7.7%), from €26,481 to €24,441
- Other operating charges -€1,342
down €1,342 (-60.8%), from €2,207 to €865
- Taxes -€609
down €609 (-12.7%), from €4,785 to €4,176
- Depreciation -€409
down €409 (-3.8%), from €10,803 to €10,394
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 | €134,549 | €139,311 | +€4,762 | +3.5% |
| Fixed assets | 21/28 | €35,019 | €30,037 | -€4,982 | -14.2% |
| Tangible fixed assets | 22/27 | €34,669 | €29,687 | -€4,982 | -14.4% |
| Land and buildings | 22 | €1,840 | €1,510 | -€330 | -17.9% |
| Plant, machinery and equipment | 23 | €1,797 | €1,034 | -€763 | -42.5% |
| Furniture and vehicles | 24 | €31,032 | €27,143 | -€3,889 | -12.5% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €99,530 | €109,275 | +€9,744 | +9.8% |
| Amounts receivable within one year | 40/41 | €13,723 | €14,305 | +€582 | +4.2% |
| Trade receivables | 40 | €11,611 | €12,153 | +€543 | +4.7% |
| Other amounts receivable | 41 | €2,112 | €2,152 | +€39 | +1.9% |
| Cash at bank and in hand | 54/58 | €81,710 | €91,290 | +€9,580 | +11.7% |
| Deferred charges and accrued income | 490/1 | €4,098 | €3,680 | -€419 | -10.2% |
| Total equity and liabilities | 10/49 | €134,549 | €139,311 | +€4,762 | +3.5% |
| Equity | 10/15 | €120,051 | €129,552 | +€9,501 | +7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,981 | €122,482 | +€9,501 | +8.4% |
| Tax-exempt reserves | 132 | €7,257 | €7,257 | = | 0.0% |
| Distributable reserves | 133 | €105,725 | €115,225 | +€9,501 | +9.0% |
| Profit (loss) carried forward | 14 | €870 | €870 | = | 0.0% |
| Amounts payable | 17/49 | €14,498 | €9,759 | -€4,739 | -32.7% |
| Amounts payable within one year | 42/48 | €12,445 | €7,664 | -€4,781 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €4,592 | - | -€4,592 | |
| Trade debts | 44 | €1,642 | €2,470 | +€829 | +50.5% |
| Suppliers | 440/4 | €1,642 | €2,470 | +€829 | +50.5% |
| Taxes, remuneration and social security | 45 | €6,211 | €5,194 | -€1,018 | -16.4% |
| Taxes | 450/3 | €6,211 | €5,194 | -€1,018 | -16.4% |
| Accrued charges and deferred income | 492/3 | €2,053 | €2,095 | +€42 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,803 | €10,394 | -€409 | -3.8% |
| Other operating charges | 640/8 | €2,207 | €865 | -€1,342 | -60.8% |
| Gross operating margin | 9900 | €26,481 | €24,441 | -€2,041 | -7.7% |
| Operating profit (loss) | 9901 | €13,471 | €13,181 | -€289 | -2.1% |
| Financial income | 75/76B | €750 | €732 | -€18 | -2.4% |
| Recurring financial income | 75 | €750 | €732 | -€18 | -2.4% |
| Financial charges | 65/66B | €328 | €236 | -€91 | -27.8% |
| Recurring financial charges | 65 | €328 | €236 | -€91 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €13,893 | €13,677 | -€216 | -1.6% |
| Income taxes | 67/77 | €4,785 | €4,176 | -€609 | -12.7% |
| Profit (loss) for the period | 9904 | €9,108 | €9,501 | +€393 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,108 | €9,501 | +€393 | +4.3% |
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 10 October 2026 via checked.be.