PS INDUS: 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 INDUS
Largest movements
- Cash +€92,956
up €92,956 (+52.2%), from €178,068 to €271,024
mainly Net result for the year (+€82,370) and Depreciation (+€15,827)
- Tangible fixed assets -€14,002
down €14,002 (-36.1%), from €38,839 to €24,838
of which Furniture and vehicles: -€12,807
- Receivables after one year -€10,024
no longer reported in 2025 (was €10,024)
- Reserves +€75,770
up €75,770 (+39.0%), from €194,170 to €269,940
- Tax, wage and social debts +€8,449
up €8,449 (+192%), from €4,398 to €12,847
- Other debts -€6,600
down €6,600 (-50.0%), from €13,200 to €6,600
- Debts after one year -€6,093
down €6,093 (-100%), from €6,093 to €0
- Current portion of long-term debt -€4,092
down €4,092 (-19.5%), from €20,984 to €16,892
- Gross operating margin +€10,944
up €10,944 (+9.0%), from €121,869 to €132,813
- Other operating charges -€9,283
down €9,283 (-91.5%), from €10,145 to €862
- Taxes +€6,827
up €6,827 (+26.4%), from €25,820 to €32,647
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 | €248,530 | €314,793 | +€66,263 | +26.7% |
| Fixed assets | 21/28 | €38,839 | €24,838 | -€14,002 | -36.1% |
| Tangible fixed assets | 22/27 | €38,839 | €24,838 | -€14,002 | -36.1% |
| Plant, machinery and equipment | 23 | €2,738 | €1,543 | -€1,195 | -43.6% |
| Furniture and vehicles | 24 | €36,101 | €23,294 | -€12,807 | -35.5% |
| Current assets | 29/58 | €209,691 | €289,956 | +€80,265 | +38.3% |
| Amounts receivable after more than one year | 29 | €10,024 | - | -€10,024 | |
| Other amounts receivable | 291 | €10,024 | - | -€10,024 | |
| Amounts receivable within one year | 40/41 | €18,456 | €17,490 | -€966 | -5.2% |
| Trade receivables | 40 | €15,745 | €0 | -€15,745 | -100% |
| Other amounts receivable | 41 | €2,711 | €17,490 | +€14,779 | +545% |
| Cash at bank and in hand | 54/58 | €178,068 | €271,024 | +€92,956 | +52.2% |
| Deferred charges and accrued income | 490/1 | €3,143 | €1,441 | -€1,702 | -54.2% |
| Total equity and liabilities | 10/49 | €248,530 | €314,793 | +€66,263 | +26.7% |
| Equity | 10/15 | €200,456 | €276,226 | +€75,770 | +37.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €194,170 | €269,940 | +€75,770 | +39.0% |
| Distributable reserves | 133 | €194,170 | €269,940 | +€75,770 | +39.0% |
| Profit (loss) carried forward | 14 | €89 | €89 | = | 0.0% |
| Amounts payable | 17/49 | €48,074 | €38,567 | -€9,507 | -19.8% |
| Amounts payable after more than one year | 17 | €6,093 | €0 | -€6,093 | -100% |
| Financial debts | 170/4 | €6,093 | €0 | -€6,093 | -100% |
| Amounts payable within one year | 42/48 | €41,981 | €38,567 | -€3,414 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €20,984 | €16,892 | -€4,092 | -19.5% |
| Financial debts | 43 | - | €134 | +€134 | |
| Credit institutions | 430/8 | - | €134 | +€134 | |
| Trade debts | 44 | €3,399 | €2,095 | -€1,305 | -38.4% |
| Suppliers | 440/4 | €3,399 | €2,095 | -€1,305 | -38.4% |
| Taxes, remuneration and social security | 45 | €4,398 | €12,847 | +€8,449 | +192% |
| Taxes | 450/3 | €4,398 | €12,847 | +€8,449 | +192% |
| Other amounts payable | 47/48 | €13,200 | €6,600 | -€6,600 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,549 | €15,827 | +€278 | +1.8% |
| Other operating charges | 640/8 | €10,145 | €862 | -€9,283 | -91.5% |
| Gross operating margin | 9900 | €121,869 | €132,813 | +€10,944 | +9.0% |
| Operating profit (loss) | 9901 | €96,175 | €116,124 | +€19,949 | +20.7% |
| Financial income | 75/76B | €6 | €137 | +€131 | +2,154% |
| Recurring financial income | 75 | €6 | €137 | +€131 | +2,154% |
| Financial charges | 65/66B | €1,416 | €1,244 | -€171 | -12.1% |
| Recurring financial charges | 65 | €1,416 | €1,244 | -€171 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €94,765 | €115,017 | +€20,251 | +21.4% |
| Income taxes | 67/77 | €25,820 | €32,647 | +€6,827 | +26.4% |
| Profit (loss) for the period | 9904 | €68,946 | €82,370 | +€13,424 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,946 | €82,370 | +€13,424 | +19.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.