PS-ACOUSTICS: 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.
PS-ACOUSTICS
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Cash +€34,413
up €34,413 (+20.6%), from €166,875 to €201,287
mainly Net result for the year (+€88,006) and Receivables within one year (+€18,946)
- Receivables within one year -€18,946
down €18,946 (-29.9%), from €63,313 to €44,367
of which Trade receivables: -€17,206
- Tangible fixed assets -€12,376
down €12,376 (-4.6%), from €271,685 to €259,310
of which Land and buildings: -€6,523
- Reserves +€86,340
up €86,340 (+19.7%), from €438,768 to €525,108
of which Distributable reserves: +€86,340
- Current portion of long-term debt -€22,087
no longer reported in 2025 (was €22,087)
- Accrued charges and deferred income +€8,714
new in 2025: €8,714
- Gross operating margin -€15,291
down €15,291 (-10.2%), from €149,762 to €134,471
- Depreciation -€5,527
down €5,527 (-30.9%), from €17,903 to €12,376
- Taxes -€2,785
down €2,785 (-7.4%), from €37,673 to €34,888
- Financial income +€1,964
up €1,964 (+211%), from €930 to €2,895
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 | €504,258 | €567,668 | +€63,409 | +12.6% |
| Fixed assets | 21/28 | €272,085 | €259,710 | -€12,376 | -4.5% |
| Tangible fixed assets | 22/27 | €271,685 | €259,310 | -€12,376 | -4.6% |
| Land and buildings | 22 | €246,437 | €239,914 | -€6,523 | -2.6% |
| Plant, machinery and equipment | 23 | €20,177 | €18,970 | -€1,207 | -6.0% |
| Furniture and vehicles | 24 | €3,175 | €0 | -€3,175 | -100% |
| Other tangible fixed assets | 26 | €1,896 | €426 | -€1,470 | -77.5% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €232,173 | €307,958 | +€75,785 | +32.6% |
| Amounts receivable within one year | 40/41 | €63,313 | €44,367 | -€18,946 | -29.9% |
| Trade receivables | 40 | €56,693 | €39,487 | -€17,206 | -30.3% |
| Other amounts receivable | 41 | €6,620 | €4,881 | -€1,740 | -26.3% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €166,875 | €201,287 | +€34,413 | +20.6% |
| Deferred charges and accrued income | 490/1 | €1,985 | €2,304 | +€318 | +16.0% |
| Total equity and liabilities | 10/49 | €504,258 | €567,668 | +€63,409 | +12.6% |
| Equity | 10/15 | €459,228 | €545,568 | +€86,340 | +18.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €438,768 | €525,108 | +€86,340 | +19.7% |
| Tax-exempt reserves | 132 | €39 | €39 | = | 0.0% |
| Distributable reserves | 133 | €438,728 | €525,069 | +€86,340 | +19.7% |
| Amounts payable | 17/49 | €45,031 | €22,100 | -€22,931 | -50.9% |
| Amounts payable within one year | 42/48 | €45,031 | €13,386 | -€31,645 | -70.3% |
| Current portion of amounts payable after more than one year | 42 | €22,087 | - | -€22,087 | |
| Trade debts | 44 | €0 | €1,083 | +€1,083 | |
| Suppliers | 440/4 | €0 | €1,083 | +€1,083 | |
| Taxes, remuneration and social security | 45 | €15,270 | €9,628 | -€5,642 | -36.9% |
| Taxes | 450/3 | €15,270 | €9,628 | -€5,642 | -36.9% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €7,674 | €2,674 | -€5,000 | -65.2% |
| Accrued charges and deferred income | 492/3 | - | €8,714 | +€8,714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,903 | €12,376 | -€5,527 | -30.9% |
| Other operating charges | 640/8 | €1,601 | €1,765 | +€164 | +10.3% |
| Gross operating margin | 9900 | €149,762 | €134,471 | -€15,291 | -10.2% |
| Operating profit (loss) | 9901 | €130,259 | €120,330 | -€9,928 | -7.6% |
| Financial income | 75/76B | €930 | €2,895 | +€1,964 | +211% |
| Recurring financial income | 75 | €930 | €2,895 | +€1,964 | +211% |
| Financial charges | 65/66B | €555 | €331 | -€225 | -40.4% |
| Recurring financial charges | 65 | €555 | €331 | -€225 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €130,634 | €122,894 | -€7,739 | -5.9% |
| Income taxes | 67/77 | €37,673 | €34,888 | -€2,785 | -7.4% |
| Profit (loss) for the period | 9904 | €92,961 | €88,006 | -€4,955 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,961 | €88,006 | -€4,955 | -5.3% |
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 18 October 2026 via checked.be.