PSA Belgium Ventures: 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 Belgium Ventures
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€62.2m
2023 · -€296,351+€62.4m
Equity
€270.5m
2023 · €330.2m-€59.7m
Cash
€4.9m
2023 · €6.0m-€1.1m
Balance sheet total
€278.9m
2023 · €334.9m-€56.1m
Largest movements
Assets
- Financial fixed assets -€54.6m
down €54.6m (-18.2%), from €299.8m to €245.2m
Equity and liabilities
- Contributions -€121.9m
down €121.9m (-38.1%), from €320.2m to €198.3m
- Profit (loss) carried forward +€62.2m
up €62.2m (+616%), from €10.1m to €72.2m
Income statement
- Financial income +€60.6m
up €60.6m (+1,777%), from €3.4m to €64.0m
of which Non-recurring financial income: +€59.6m
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
-€296,351
Other operating charges
-€6,057
Other operating items
+€1.7m
Financial income
+€60.6m
Financial charges
+€1.1m
Taxes
-€951,658
Result 2024
€62.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€66.1m
Investment
+€54.6m
Financing
-€121.9m
Cash 2023
€6.0m
From operations (derived)
+€66.1m
Net result for the year
+€62.2m
Smaller working-capital items
+€615,466
Accrued charges and deferred income
+€3.3m
Investment (derived)
+€54.6m
Investment in fixed assets (net)
+€54.6m
Financing
-€121.9m
Contributions, distributions and other
-€121.9m
Cash 2024
€4.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,945,191 | €278,874,282 | -€56.1m | -16.7% |
| Fixed assets | 21/28 | €299,830,124 | €245,196,514 | -€54.6m | -18.2% |
| Financial fixed assets | 28 | €299,830,124 | €245,196,514 | -€54.6m | -18.2% |
| Affiliated companies | 280/1 | €299,830,124 | €245,196,514 | -€54.6m | -18.2% |
| Participating interests | 280 | €273,430,673 | €217,179,664 | -€56.3m | -20.6% |
| Amounts receivable | 281 | €26,399,451 | €28,016,850 | +€1.6m | +6.1% |
| Current assets | 29/58 | €35,115,067 | €33,677,768 | -€1.4m | -4.1% |
| Amounts receivable within one year | 40/41 | €29,106,499 | €28,803,645 | -€302,853 | -1.0% |
| Trade receivables | 40 | €306,059 | €977 | -€305,082 | -99.7% |
| Other amounts receivable | 41 | €28,800,440 | €28,802,668 | +€2,229 | 0.0% |
| Cash at bank and in hand | 54/58 | €6,008,568 | €4,874,123 | -€1.1m | -18.9% |
| Total equity and liabilities | 10/49 | €334,945,191 | €278,874,282 | -€56.1m | -16.7% |
| Equity | 10/15 | €330,249,460 | €270,527,830 | -€59.7m | -18.1% |
| Contributions | 10/11 | €320,163,966 | €198,289,622 | -€121.9m | -38.1% |
| Profit (loss) carried forward | 14 | €10,085,494 | €72,238,208 | +€62.2m | +616% |
| Amounts payable | 17/49 | €4,695,731 | €8,346,452 | +€3.7m | +77.7% |
| Amounts payable within one year | 42/48 | €4,695,731 | €5,008,344 | +€312,613 | +6.7% |
| Financial debts | 43 | €3,490,250 | €3,490,250 | = | 0.0% |
| Other loans | 439 | €3,490,250 | €3,490,250 | = | 0.0% |
| Trade debts | 44 | €633,246 | €666,837 | +€33,591 | +5.3% |
| Suppliers | 440/4 | €633,246 | €666,837 | +€33,591 | +5.3% |
| Taxes, remuneration and social security | 45 | €572,235 | €851,257 | +€279,022 | +48.8% |
| Taxes | 450/3 | €572,235 | €851,257 | +€279,022 | +48.8% |
| Accrued charges and deferred income | 492/3 | - | €3,338,108 | +€3.3m | |
| Operating charges | 60/66A | €2,437,216 | €712,759 | -€1.7m | -70.8% |
| Services and other goods | 61 | €2,436,350 | €705,836 | -€1.7m | -71.0% |
| Other operating charges | 640/8 | €865 | €6,923 | +€6,057 | +700% |
| Operating profit (loss) | 9901 | -€2,437,216 | -€712,759 | +€1.7m | +70.8% |
| Financial income | 75/76B | €3,407,216 | €63,969,736 | +€60.6m | +1,777% |
| Recurring financial income | 75 | €3,407,216 | €4,348,669 | +€941,453 | +27.6% |
| Income from financial fixed assets | 750 | €2,758,442 | €2,675,682 | -€82,760 | -3.0% |
| Other financial income | 752/9 | €648,774 | €1,672,987 | +€1.0m | +158% |
| Non-recurring financial income | 76B | - | €59,621,066 | +€59.6m | |
| Financial charges | 65/66B | €1,124,029 | €10,282 | -€1.1m | -99.1% |
| Recurring financial charges | 65 | €1,124,029 | €10,282 | -€1.1m | -99.1% |
| Other financial charges | 652/9 | €1,124,029 | €10,282 | -€1.1m | -99.1% |
| Profit (loss) for the period before taxes | 9903 | -€154,028 | €63,246,695 | +€63.4m | |
| Income taxes | 67/77 | €142,323 | €1,093,981 | +€951,658 | +669% |
| Taxes | 670/3 | €142,323 | €1,093,981 | +€951,658 | +669% |
| Profit (loss) for the period | 9904 | -€296,351 | €62,152,714 | +€62.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€296,351 | €62,152,714 | +€62.4m |
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 30 October 2026 via checked.be.