PSA Baltics: 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.
What changed
PSA Baltics
NACE 52.250, Logistics services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€37.9m
2023 · €958,954+€36.9m
Equity
€194.5m
2023 · €156.6m+€37.9m
Cash
-
not filed
Balance sheet total
€462.6m
2023 · €411.1m+€51.5m
Largest movements
Assets
- Receivables within one year +€42.0m
up €42.0m (+77.9%), from €54.0m to €96.0m
of which Other amounts receivable: +€45.2m
- Deferred charges and accrued income +€7.3m
up €7.3m (+121%), from €6.1m to €13.4m
Equity and liabilities
- Profit (loss) carried forward +€36.0m
up €36.0m (+846%), from €4.3m to €40.3m
- Accrued charges and deferred income +€13.3m
up €13.3m (+31.1%), from €42.8m to €56.1m
Income statement
- Financial income +€38.4m
up €38.4m (+249%), from €15.4m to €53.8m
- Turnover -€1.1m
down €1.1m (-47.1%), from €2.4m to €1.3m
- Services and other goods +€291,235
up €291,235 (+12.4%), from €2.3m to €2.6m
- Staff costs +€214,986
up €214,986 (+15.4%), from €1.4m to €1.6m
- Other operating income +€155,017
up €155,017 (+31.0%), from €500,199 to €655,217
From the 2023 result to the 2024 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.
Result 2023
€958,954
Turnover
-€1.1m
Other operating income
+€155,017
Services and other goods
-€291,235
Staff costs
-€214,986
Other operating charges
-€1,540
Financial income
+€38.4m
Financial charges
-€48,181
Taxes
+€81,694
Result 2024
€37.9m
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,104,408 | €462,582,686 | +€51.5m | +12.5% |
| Fixed assets | 21/28 | €351,042,900 | €353,149,045 | +€2.1m | +0.6% |
| Financial fixed assets | 28 | €351,042,900 | €353,149,045 | +€2.1m | +0.6% |
| Affiliated companies | 280/1 | - | €2,106,146 | +€2.1m | |
| Participating interests | 280 | - | €2,106,146 | +€2.1m | |
| Companies linked by participating interests | 282/3 | €351,042,900 | €351,042,900 | = | 0.0% |
| Participating interests | 282 | €149,123,543 | €149,123,543 | = | 0.0% |
| Amounts receivable | 283 | €201,919,357 | €201,919,357 | = | 0.0% |
| Current assets | 29/58 | €60,061,508 | €109,433,640 | +€49.4m | +82.2% |
| Amounts receivable within one year | 40/41 | €53,964,500 | €95,989,312 | +€42.0m | +77.9% |
| Trade receivables | 40 | €4,228,665 | €1,067,278 | -€3.2m | -74.8% |
| Other amounts receivable | 41 | €49,735,835 | €94,922,034 | +€45.2m | +90.9% |
| Deferred charges and accrued income | 490/1 | €6,097,008 | €13,444,329 | +€7.3m | +121% |
| Total equity and liabilities | 10/49 | €411,104,408 | €462,582,686 | +€51.5m | +12.5% |
| Equity | 10/15 | €156,628,998 | €194,526,803 | +€37.9m | +24.2% |
| Contributions | 10/11 | €152,150,004 | €152,150,004 | = | 0.0% |
| Capital | 10 | €152,150,004 | €152,150,004 | = | 0.0% |
| Issued capital | 100 | €152,150,004 | €152,150,004 | = | 0.0% |
| Reserves | 13 | €223,950 | €2,118,840 | +€1.9m | +846% |
| Non-distributable reserves | 130/1 | €223,950 | €2,118,840 | +€1.9m | +846% |
| Legal reserve | 130 | €223,950 | €2,118,840 | +€1.9m | +846% |
| Profit (loss) carried forward | 14 | €4,255,044 | €40,257,959 | +€36.0m | +846% |
| Amounts payable | 17/49 | €254,475,411 | €268,055,883 | +€13.6m | +5.3% |
| Amounts payable after more than one year | 17 | €209,911,334 | €209,911,334 | = | 0.0% |
| Financial debts | 170/4 | €209,911,334 | €209,911,334 | = | 0.0% |
| Other loans | 174 | €209,911,334 | €209,911,334 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,746,918 | €2,003,284 | +€256,366 | +14.7% |
| Trade debts | 44 | €549,424 | €829,607 | +€280,183 | +51.0% |
| Suppliers | 440/4 | €549,424 | €829,607 | +€280,183 | +51.0% |
| Taxes, remuneration and social security | 45 | €383,283 | €359,175 | -€24,108 | -6.3% |
| Taxes | 450/3 | €7,479 | €13,029 | +€5,549 | +74.2% |
| Remuneration and social security | 454/9 | €375,804 | €346,146 | -€29,657 | -7.9% |
| Other amounts payable | 47/48 | €814,210 | €814,501 | +€291 | 0.0% |
| Accrued charges and deferred income | 492/3 | €42,817,159 | €56,141,265 | +€13.3m | +31.1% |
| Operating income | 70/76A | €2,908,120 | €1,929,122 | -€978,998 | -33.7% |
| Turnover | 70 | €2,407,921 | €1,273,906 | -€1.1m | -47.1% |
| Other operating income | 74 | €500,199 | €655,217 | +€155,017 | +31.0% |
| Operating charges | 60/66A | €3,742,832 | €4,250,593 | +€507,761 | +13.6% |
| Services and other goods | 61 | €2,341,153 | €2,632,388 | +€291,235 | +12.4% |
| Remuneration, social security and pensions | 62 | €1,399,503 | €1,614,489 | +€214,986 | +15.4% |
| Other operating charges | 640/8 | €2,176 | €3,716 | +€1,540 | +70.8% |
| Operating profit (loss) | 9901 | -€834,712 | -€2,321,471 | -€1.5m | -178% |
| Financial income | 75/76B | €15,414,712 | €53,806,809 | +€38.4m | +249% |
| Recurring financial income | 75 | €15,414,712 | €53,806,809 | +€38.4m | +249% |
| Income from financial fixed assets | 750 | €14,538,113 | €51,889,666 | +€37.4m | +257% |
| Income from current assets | 751 | €874,237 | €1,916,445 | +€1.0m | +119% |
| Other financial income | 752/9 | €2,361 | €698 | -€1,664 | -70.5% |
| Financial charges | 65/66B | €13,304,048 | €13,352,229 | +€48,181 | +0.4% |
| Recurring financial charges | 65 | €13,304,048 | €13,352,229 | +€48,181 | +0.4% |
| Debt charges | 650 | €13,297,879 | €13,338,557 | +€40,678 | +0.3% |
| Other financial charges | 652/9 | €6,169 | €13,672 | +€7,503 | +122% |
| Profit (loss) for the period before taxes | 9903 | €1,275,953 | €38,133,109 | +€36.9m | +2,889% |
| Income taxes | 67/77 | €316,998 | €235,304 | -€81,694 | -25.8% |
| Taxes | 670/3 | €317,668 | €235,304 | -€82,364 | -25.9% |
| Tax adjustments and reversals of tax provisions | 77 | €670 | - | -€670 | |
| Profit (loss) for the period | 9904 | €958,954 | €37,897,805 | +€36.9m | +3,852% |
| Profit (loss) for the period to be appropriated | 9905 | €958,954 | €37,897,805 | +€36.9m | +3,852% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.