PS-SURVEY: 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-SURVEY
Largest movements
- Cash +€290,905
up €290,905 (+91.5%), from €317,776 to €608,680
mainly Net result for the year (+€404,420) and Other debts (+€209,445)
- Receivables within one year -€35,342
down €35,342 (-4.5%), from €779,132 to €743,790
of which Trade receivables: -€20,530
- Other debts +€209,445
up €209,445 (+94.9%), from €220,610 to €430,054
- Reserves +€54,420
up €54,420 (+4.1%), from €1.3m to €1.4m
of which Distributable reserves: +€54,420
- Tax, wage and social debts +€26,970
up €26,970 (+31.4%), from €85,762 to €112,732
of which Taxes: +€17,966
- Gross operating margin +€192,414
up €192,414 (+18.0%), from €1.1m to €1.3m
- Taxes +€34,796
up €34,796 (+33.7%), from €103,183 to €137,979
- Staff costs +€32,189
up €32,189 (+5.9%), from €542,721 to €574,910
- Depreciation +€25,117
up €25,117 (+22.8%), from €109,971 to €135,088
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 | €2,251,495 | €2,542,886 | +€291,390 | +12.9% |
| Fixed assets | 21/28 | €412,149 | €429,138 | +€16,989 | +4.1% |
| Intangible fixed assets | 21 | €1,868 | €0 | -€1,868 | -100% |
| Tangible fixed assets | 22/27 | €410,112 | €428,968 | +€18,856 | +4.6% |
| Plant, machinery and equipment | 23 | €225,780 | €246,849 | +€21,070 | +9.3% |
| Furniture and vehicles | 24 | €157,593 | €159,508 | +€1,915 | +1.2% |
| Other tangible fixed assets | 26 | €26,739 | €22,611 | -€4,129 | -15.4% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €1,839,346 | €2,113,748 | +€274,402 | +14.9% |
| Stocks and contracts in progress | 3 | €1,623 | €3,170 | +€1,547 | +95.4% |
| Stocks | 30/36 | €1,623 | €3,170 | +€1,547 | +95.4% |
| Amounts receivable within one year | 40/41 | €779,132 | €743,790 | -€35,342 | -4.5% |
| Trade receivables | 40 | €762,678 | €742,148 | -€20,530 | -2.7% |
| Other amounts receivable | 41 | €16,454 | €1,642 | -€14,812 | -90.0% |
| Current investments | 50/53 | €703,079 | €712,808 | +€9,730 | +1.4% |
| Cash at bank and in hand | 54/58 | €317,776 | €608,680 | +€290,905 | +91.5% |
| Deferred charges and accrued income | 490/1 | €37,737 | €45,299 | +€7,561 | +20.0% |
| Total equity and liabilities | 10/49 | €2,251,495 | €2,542,886 | +€291,390 | +12.9% |
| Equity | 10/15 | €1,337,012 | €1,391,433 | +€54,420 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,318,412 | €1,372,833 | +€54,420 | +4.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,299,662 | €1,354,083 | +€54,420 | +4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €914,483 | €1,151,453 | +€236,970 | +25.9% |
| Amounts payable within one year | 42/48 | €913,170 | €1,142,168 | +€228,998 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €606,799 | €599,382 | -€7,417 | -1.2% |
| Suppliers | 440/4 | €606,799 | €599,382 | -€7,417 | -1.2% |
| Taxes, remuneration and social security | 45 | €85,762 | €112,732 | +€26,970 | +31.4% |
| Taxes | 450/3 | €34,366 | €52,332 | +€17,966 | +52.3% |
| Remuneration and social security | 454/9 | €51,396 | €60,400 | +€9,004 | +17.5% |
| Other amounts payable | 47/48 | €220,610 | €430,054 | +€209,445 | +94.9% |
| Accrued charges and deferred income | 492/3 | €1,313 | €9,285 | +€7,972 | +607% |
| Remuneration, social security and pensions | 62 | €542,721 | €574,910 | +€32,189 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,971 | €135,088 | +€25,117 | +22.8% |
| Other operating charges | 640/8 | €8,811 | €6,375 | -€2,436 | -27.6% |
| Non-recurring operating charges | 66A | €0 | €11,042 | +€11,042 | |
| Gross operating margin | 9900 | €1,067,812 | €1,260,225 | +€192,414 | +18.0% |
| Operating profit (loss) | 9901 | €406,308 | €532,810 | +€126,502 | +31.1% |
| Financial income | 75/76B | €10,666 | €15,627 | +€4,961 | +46.5% |
| Recurring financial income | 75 | €10,666 | €15,627 | +€4,961 | +46.5% |
| Financial charges | 65/66B | €7,036 | €6,039 | -€997 | -14.2% |
| Recurring financial charges | 65 | €7,036 | €6,039 | -€997 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €409,938 | €542,399 | +€132,460 | +32.3% |
| Income taxes | 67/77 | €103,183 | €137,979 | +€34,796 | +33.7% |
| Profit (loss) for the period | 9904 | €306,756 | €404,420 | +€97,664 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €306,756 | €404,420 | +€97,664 | +31.8% |
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 19 October 2026 via checked.be.