PS ELECTRONIQUE: 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 ELECTRONIQUE
Largest movements
- Cash +€18,913
new in 2025: €18,913
mainly Net result for the year (+€39,894) and Depreciation (+€16,564)
- Tangible fixed assets -€13,970
down €13,970 (-24.5%), from €56,905 to €42,935
- Receivables within one year +€9,408
up €9,408 (+20.1%), from €46,696 to €56,105
- Stocks and contracts -€3,736
down €3,736 (-21.7%), from €17,238 to €13,502
- Deferred charges and accrued income -€2,549
down €2,549 (-86.8%), from €2,938 to €389
- Profit (loss) carried forward +€39,894
up €39,894 (+54.0%), from -€73,875 to -€33,982
- Debts after one year -€35,794
down €35,794 (-33.3%), from €107,367 to €71,573
- Current portion of long-term debt +€11,297
up €11,297 (+40.9%), from €27,622 to €38,919
- Short-term financial debts -€9,974
no longer reported in 2025 (was €9,974)
- Tax, wage and social debts +€3,733
up €3,733 (+27.8%), from €13,445 to €17,178
of which Taxes: +€5,917
- Gross operating margin +€56,985
up €56,985 (+67.3%), from €84,713 to €141,698
- Staff costs +€20,092
up €20,092 (+35.5%), from €56,642 to €76,734
- Financial charges +€1,587
up €1,587 (+23.8%), from €6,672 to €8,259
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 | €129,017 | €136,830 | +€7,813 | +6.1% |
| Fixed assets | 21/28 | €62,145 | €47,921 | -€14,224 | -22.9% |
| Intangible fixed assets | 21 | €876 | €622 | -€254 | -29.0% |
| Tangible fixed assets | 22/27 | €56,905 | €42,935 | -€13,970 | -24.5% |
| Land and buildings | 22 | €14,167 | €9,421 | -€4,745 | -33.5% |
| Plant, machinery and equipment | 23 | €28,641 | €22,661 | -€5,980 | -20.9% |
| Furniture and vehicles | 24 | €14,097 | €10,853 | -€3,244 | -23.0% |
| Financial fixed assets | 28 | €4,364 | €4,364 | = | 0.0% |
| Current assets | 29/58 | €66,872 | €88,908 | +€22,036 | +33.0% |
| Stocks and contracts in progress | 3 | €17,238 | €13,502 | -€3,736 | -21.7% |
| Stocks | 30/36 | €17,238 | €13,502 | -€3,736 | -21.7% |
| Amounts receivable within one year | 40/41 | €46,696 | €56,105 | +€9,408 | +20.1% |
| Trade receivables | 40 | €46,696 | €56,105 | +€9,408 | +20.1% |
| Cash at bank and in hand | 54/58 | - | €18,913 | +€18,913 | |
| Deferred charges and accrued income | 490/1 | €2,938 | €389 | -€2,549 | -86.8% |
| Total equity and liabilities | 10/49 | €129,017 | €136,830 | +€7,813 | +6.1% |
| Equity | 10/15 | -€55,325 | -€15,432 | +€39,894 | +72.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,550 | €13,550 | = | 0.0% |
| Distributable reserves | 133 | €13,550 | €13,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,875 | -€33,982 | +€39,894 | +54.0% |
| Amounts payable | 17/49 | €184,342 | €152,261 | -€32,081 | -17.4% |
| Amounts payable after more than one year | 17 | €107,367 | €71,573 | -€35,794 | -33.3% |
| Financial debts | 170/4 | €107,367 | €71,573 | -€35,794 | -33.3% |
| Amounts payable within one year | 42/48 | €73,850 | €75,308 | +€1,458 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €27,622 | €38,919 | +€11,297 | +40.9% |
| Financial debts | 43 | €9,974 | - | -€9,974 | |
| Credit institutions | 430/8 | €9,974 | - | -€9,974 | |
| Trade debts | 44 | €22,379 | €18,741 | -€3,638 | -16.3% |
| Suppliers | 440/4 | €22,379 | €18,741 | -€3,638 | -16.3% |
| Taxes, remuneration and social security | 45 | €13,445 | €17,178 | +€3,733 | +27.8% |
| Taxes | 450/3 | €5,841 | €11,759 | +€5,917 | +101.3% |
| Remuneration and social security | 454/9 | €7,603 | €5,419 | -€2,184 | -28.7% |
| Other amounts payable | 47/48 | €431 | €470 | +€39 | +9.2% |
| Accrued charges and deferred income | 492/3 | €3,125 | €5,380 | +€2,255 | +72.2% |
| Remuneration, social security and pensions | 62 | €56,642 | €76,734 | +€20,092 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,336 | €16,564 | +€229 | +1.4% |
| Other operating charges | 640/8 | €106 | €107 | +€0 | +0.5% |
| Non-recurring operating charges | 66A | €1,676 | - | -€1,676 | |
| Gross operating margin | 9900 | €84,713 | €141,698 | +€56,985 | +67.3% |
| Operating profit (loss) | 9901 | €9,953 | €48,293 | +€38,340 | +385.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,672 | €8,259 | +€1,587 | +23.8% |
| Recurring financial charges | 65 | €6,672 | €8,259 | +€1,587 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €3,282 | €40,035 | +€36,753 | +1119.9% |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | €3,282 | €39,894 | +€36,612 | +1115.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,282 | €39,894 | +€36,612 | +1115.6% |
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 11 October 2026 via checked.be.