PS Ma Soeur: 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 Ma Soeur
Largest movements
- Cash +€68,981
up €68,981 (+60.5%), from €114,024 to €183,004
mainly Net result for the year (+€104,558) and Other debts (+€97,000)
- Receivables within one year +€23,321
up €23,321 (+20.9%), from €111,742 to €135,063
of which Trade receivables: +€23,321
- Tangible fixed assets +€7,398
up €7,398 (+124%), from €5,987 to €13,386
- Other debts +€97,000
new in 2025: €97,000
- Trade debts -€6,434
down €6,434 (-28.9%), from €22,258 to €15,824
- Profit (loss) carried forward +€4,558
up €4,558 (+2.9%), from €158,798 to €163,356
- Tax, wage and social debts +€3,884
up €3,884 (+9.0%), from €43,329 to €47,214
of which Taxes: +€18,162
- Staff costs -€54,208
down €54,208 (-48.1%), from €112,647 to €58,440
- Gross operating margin -€28,964
down €28,964 (-12.4%), from €232,851 to €203,887
- Taxes +€13,638
up €13,638 (+58.4%), from €23,348 to €36,985
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 | €232,445 | €331,453 | +€99,009 | +42.6% |
| Fixed assets | 21/28 | €5,987 | €13,386 | +€7,398 | +124% |
| Tangible fixed assets | 22/27 | €5,987 | €13,386 | +€7,398 | +124% |
| Furniture and vehicles | 24 | €5,987 | €13,386 | +€7,398 | +124% |
| Current assets | 29/58 | €226,457 | €318,067 | +€91,610 | +40.5% |
| Amounts receivable within one year | 40/41 | €111,742 | €135,063 | +€23,321 | +20.9% |
| Trade receivables | 40 | €82,890 | €106,211 | +€23,321 | +28.1% |
| Other amounts receivable | 41 | €28,852 | €28,852 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €114,024 | €183,004 | +€68,981 | +60.5% |
| Deferred charges and accrued income | 490/1 | €692 | - | -€692 | |
| Total equity and liabilities | 10/49 | €232,445 | €331,453 | +€99,009 | +42.6% |
| Equity | 10/15 | €166,858 | €171,416 | +€4,558 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,798 | €163,356 | +€4,558 | +2.9% |
| Amounts payable | 17/49 | €65,587 | €160,038 | +€94,451 | +144% |
| Amounts payable within one year | 42/48 | €65,587 | €160,038 | +€94,451 | +144% |
| Trade debts | 44 | €22,258 | €15,824 | -€6,434 | -28.9% |
| Suppliers | 440/4 | €22,258 | €15,824 | -€6,434 | -28.9% |
| Taxes, remuneration and social security | 45 | €43,329 | €47,214 | +€3,884 | +9.0% |
| Taxes | 450/3 | €19,630 | €37,792 | +€18,162 | +92.5% |
| Remuneration and social security | 454/9 | €23,699 | €9,422 | -€14,278 | -60.2% |
| Other amounts payable | 47/48 | - | €97,000 | +€97,000 | |
| Remuneration, social security and pensions | 62 | €112,647 | €58,440 | -€54,208 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,969 | €3,323 | +€1,355 | +68.8% |
| Other operating charges | 640/8 | €387 | €424 | +€37 | +9.5% |
| Gross operating margin | 9900 | €232,851 | €203,887 | -€28,964 | -12.4% |
| Operating profit (loss) | 9901 | €117,848 | €141,700 | +€23,852 | +20.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €144 | €157 | +€13 | +9.1% |
| Recurring financial charges | 65 | €144 | €157 | +€13 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €117,704 | €141,543 | +€23,839 | +20.3% |
| Income taxes | 67/77 | €23,348 | €36,985 | +€13,638 | +58.4% |
| Profit (loss) for the period | 9904 | €94,357 | €104,558 | +€10,201 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,357 | €104,558 | +€10,201 | +10.8% |
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 28 October 2026 via checked.be.