PS CONSULT: 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 CONSULT
Largest movements
- Receivables after one year -€57,855
down €57,855 (-100%), from €57,855 to €0
- Cash -€31,893
down €31,893 (-67.5%), from €47,231 to €15,338
mainly Other debts (-€77,950) and Debts after one year (-€36,054)
- Current investments +€25,498
up €25,498 (+6.5%), from €391,046 to €416,544
- Receivables within one year +€24,118
up €24,118 (+499%), from €4,838 to €28,955
of which Other amounts receivable: +€23,387
- Tangible fixed assets -€14,425
down €14,425 (-3.0%), from €483,044 to €468,619
of which Land and buildings: -€20,414
- Other debts -€77,950
down €77,950 (-100%), from €77,950 to €0
- Reserves +€37,473
up €37,473 (+5.9%), from €630,810 to €668,284
of which Distributable reserves: +€42,895
- Debts after one year -€36,054
down €36,054 (-18.8%), from €191,759 to €155,705
of which Financial debts: -€34,754
- Financial income +€14,840
up €14,840 (+120%), from €12,341 to €27,181
- Taxes +€3,530
up €3,530 (+23.0%), from €15,324 to €18,854
- Gross operating margin -€2,627
down €2,627 (-3.9%), from €67,902 to €65,275
- Financial charges +€1,622
up €1,622 (+18.3%), from €8,844 to €10,466
of which Financial charges: +€1,622
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 | €1,287,833 | €1,227,985 | -€59,848 | -4.6% |
| Fixed assets | 21/28 | €778,445 | €760,662 | -€17,783 | -2.3% |
| Tangible fixed assets | 22/27 | €483,044 | €468,619 | -€14,425 | -3.0% |
| Land and buildings | 22 | €436,369 | €415,954 | -€20,414 | -4.7% |
| Plant, machinery and equipment | 23 | €328 | €164 | -€164 | -50.0% |
| Furniture and vehicles | 24 | €1,393 | €2,246 | +€853 | +61.2% |
| Other tangible fixed assets | 26 | €44,954 | €50,254 | +€5,300 | +11.8% |
| Financial fixed assets | 28 | €295,401 | €292,043 | -€3,358 | -1.1% |
| Current assets | 29/58 | €509,388 | €467,322 | -€42,065 | -8.3% |
| Amounts receivable after more than one year | 29 | €57,855 | €0 | -€57,855 | -100% |
| Other amounts receivable | 291 | €57,855 | €0 | -€57,855 | -100% |
| Amounts receivable within one year | 40/41 | €4,838 | €28,955 | +€24,118 | +499% |
| Trade receivables | 40 | €0 | €731 | +€731 | |
| Other amounts receivable | 41 | €4,838 | €28,224 | +€23,387 | +483% |
| Current investments | 50/53 | €391,046 | €416,544 | +€25,498 | +6.5% |
| Cash at bank and in hand | 54/58 | €47,231 | €15,338 | -€31,893 | -67.5% |
| Deferred charges and accrued income | 490/1 | €8,419 | €6,485 | -€1,934 | -23.0% |
| Total equity and liabilities | 10/49 | €1,287,833 | €1,227,985 | -€59,848 | -4.6% |
| Equity | 10/15 | €842,955 | €880,429 | +€37,474 | +4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €630,810 | €668,284 | +€37,473 | +5.9% |
| Tax-exempt reserves | 132 | €115,763 | €110,341 | -€5,422 | -4.7% |
| Distributable reserves | 133 | €515,048 | €557,943 | +€42,895 | +8.3% |
| Profit (loss) carried forward | 14 | €199,744 | €199,745 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €28,941 | €27,585 | -€1,355 | -4.7% |
| Deferred taxes | 168 | €28,941 | €27,585 | -€1,355 | -4.7% |
| Amounts payable | 17/49 | €415,938 | €319,971 | -€95,967 | -23.1% |
| Amounts payable after more than one year | 17 | €191,759 | €155,705 | -€36,054 | -18.8% |
| Financial debts | 170/4 | €189,059 | €154,305 | -€34,754 | -18.4% |
| Other amounts payable | 178/9 | €2,700 | €1,400 | -€1,300 | -48.1% |
| Amounts payable within one year | 42/48 | €223,117 | €160,854 | -€62,264 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €33,940 | €34,754 | +€814 | +2.4% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €4,846 | €10,623 | +€5,778 | +119% |
| Suppliers | 440/4 | €4,846 | €10,623 | +€5,778 | +119% |
| Taxes, remuneration and social security | 45 | €31,382 | €40,476 | +€9,095 | +29.0% |
| Taxes | 450/3 | €31,382 | €36,883 | +€5,501 | +17.5% |
| Remuneration and social security | 454/9 | - | €3,594 | +€3,594 | |
| Other amounts payable | 47/48 | €77,950 | €0 | -€77,950 | -100% |
| Accrued charges and deferred income | 492/3 | €1,061 | €3,412 | +€2,351 | +222% |
| Non-recurring operating income | 76A | €0 | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,375 | €21,111 | -€264 | -1.2% |
| Other operating charges | 640/8 | €5,562 | €5,906 | +€345 | +6.2% |
| Gross operating margin | 9900 | €67,902 | €65,275 | -€2,627 | -3.9% |
| Operating profit (loss) | 9901 | €40,965 | €38,257 | -€2,708 | -6.6% |
| Financial income | 75/76B | €12,341 | €27,181 | +€14,840 | +120% |
| Recurring financial income | 75 | €12,341 | €27,181 | +€14,840 | +120% |
| Financial charges | 65/66B | €8,844 | €10,466 | +€1,622 | +18.3% |
| Recurring financial charges | 65 | €8,844 | €10,466 | +€1,622 | +18.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €44,462 | €54,972 | +€10,510 | +23.6% |
| Transfer from deferred taxes | 780 | €1,355 | €1,355 | +€0 | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €15,324 | €18,854 | +€3,530 | +23.0% |
| Profit (loss) for the period | 9904 | €30,493 | €37,474 | +€6,980 | +22.9% |
| Transfer from tax-exempt reserves | 789 | €5,422 | €5,422 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €35,915 | €42,895 | +€6,980 | +19.4% |
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 16 October 2026 via checked.be.