PS TRADING: what changed
Two fiscal 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 TRADING
Largest movements
- Stocks and contracts +€34,223
up €34,223 (+100.1%), from €34,183 to €68,406
- Tangible fixed assets +€24,817
up €24,817 (+1804.3%), from €1,375 to €26,193
of which Furniture and vehicles: +€20,716
- Receivables within one year -€8,151
down €8,151 (-5.7%), from €141,842 to €133,691
of which Trade receivables: -€11,723
- Deferred charges and accrued income +€6,842
new in 2025: €6,842
- Debts after one year +€28,494
new in 2025: €28,494
- Other debts -€27,091
down €27,091 (-53.1%), from €51,013 to €23,922
- Trade debts +€24,944
up €24,944 (+27.7%), from €90,077 to €115,021
- Tax, wage and social debts +€15,069
up €15,069 (+87.5%), from €17,215 to €32,284
of which Taxes: +€10,369
- Short-term financial debts +€13,526
new in 2025: €13,526
- Staff costs +€4,783
up €4,783 (+8.8%), from €54,489 to €59,272
- Depreciation +€3,362
up €3,362 (+280.1%), from €1,200 to €4,562
- Financial charges +€2,135
up €2,135 (+304.0%), from €702 to €2,837
- Gross operating margin +€1,892
up €1,892 (+2.7%), from €71,391 to €73,284
- Taxes -€1,023
down €1,023 (-31.0%), from €3,300 to €2,277
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 | €181,025 | €239,923 | +€58,898 | +32.5% |
| Fixed assets | 21/28 | €3,150 | €29,112 | +€25,962 | +824.1% |
| Intangible fixed assets | 21 | €1,775 | €2,500 | +€725 | +40.8% |
| Tangible fixed assets | 22/27 | €1,375 | €26,193 | +€24,817 | +1804.3% |
| Plant, machinery and equipment | 23 | - | €1,702 | +€1,702 | |
| Furniture and vehicles | 24 | €1,375 | €22,092 | +€20,716 | +1506.2% |
| Other tangible fixed assets | 26 | - | €2,399 | +€2,399 | |
| Financial fixed assets | 28 | - | €420 | +€420 | |
| Current assets | 29/58 | €177,875 | €210,811 | +€32,936 | +18.5% |
| Stocks and contracts in progress | 3 | €34,183 | €68,406 | +€34,223 | +100.1% |
| Stocks | 30/36 | €34,183 | €68,406 | +€34,223 | +100.1% |
| Amounts receivable within one year | 40/41 | €141,842 | €133,691 | -€8,151 | -5.7% |
| Trade receivables | 40 | €141,842 | €130,119 | -€11,723 | -8.3% |
| Other amounts receivable | 41 | - | €3,572 | +€3,572 | |
| Cash at bank and in hand | 54/58 | €1,850 | €1,872 | +€23 | +1.2% |
| Deferred charges and accrued income | 490/1 | - | €6,842 | +€6,842 | |
| Total equity and liabilities | 10/49 | €181,025 | €239,923 | +€58,898 | +32.5% |
| Equity | 10/15 | €22,720 | €26,676 | +€3,956 | +17.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,720 | €14,676 | +€3,956 | +36.9% |
| Amounts payable | 17/49 | €158,305 | €213,248 | +€54,942 | +34.7% |
| Amounts payable after more than one year | 17 | - | €28,494 | +€28,494 | |
| Financial debts | 170/4 | - | €28,494 | +€28,494 | |
| Amounts payable within one year | 42/48 | €158,305 | €184,753 | +€26,448 | +16.7% |
| Financial debts | 43 | - | €13,526 | +€13,526 | |
| Credit institutions | 430/8 | - | €13,526 | +€13,526 | |
| Trade debts | 44 | €90,077 | €115,021 | +€24,944 | +27.7% |
| Suppliers | 440/4 | €90,077 | €115,021 | +€24,944 | +27.7% |
| Taxes, remuneration and social security | 45 | €17,215 | €32,284 | +€15,069 | +87.5% |
| Taxes | 450/3 | €7,636 | €18,005 | +€10,369 | +135.8% |
| Remuneration and social security | 454/9 | €9,579 | €14,279 | +€4,700 | +49.1% |
| Other amounts payable | 47/48 | €51,013 | €23,922 | -€27,091 | -53.1% |
| Remuneration, social security and pensions | 62 | €54,489 | €59,272 | +€4,783 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200 | €4,562 | +€3,362 | +280.1% |
| Other operating charges | 640/8 | €802 | €400 | -€402 | -50.1% |
| Non-recurring operating charges | 66A | €194 | €0 | -€194 | -100.0% |
| Gross operating margin | 9900 | €71,391 | €73,284 | +€1,892 | +2.7% |
| Operating profit (loss) | 9901 | €14,706 | €9,050 | -€5,657 | -38.5% |
| Financial income | 75/76B | €15 | €20 | +€5 | +31.4% |
| Recurring financial income | 75 | €15 | €20 | +€5 | +31.4% |
| Financial charges | 65/66B | €702 | €2,837 | +€2,135 | +304.0% |
| Recurring financial charges | 65 | €702 | €2,837 | +€2,135 | +304.0% |
| Profit (loss) for the period before taxes | 9903 | €14,019 | €6,233 | -€7,786 | -55.5% |
| Income taxes | 67/77 | €3,300 | €2,277 | -€1,023 | -31.0% |
| Profit (loss) for the period | 9904 | €10,720 | €3,956 | -€6,764 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,720 | €3,956 | -€6,764 | -63.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.