PSC Logistics: 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.
PSC Logistics
Largest movements
- Current investments +€5.6m
up €5.6m (+149.6%), from €3.8m to €9.4m
- Cash +€412,181
up €412,181 (+531.4%), from €77,570 to €489,752
mainly Net result for the year (+€5.5m) and Trade debts (+€382,617)
- Reserves +€5.5m
up €5.5m (+35.1%), from €15.7m to €21.2m
- Trade debts +€382,617
up €382,617 (+33872.2%), from €1,130 to €383,747
- Financial income +€5.0m
up €5.0m (+789.9%), from €631,831 to €5.6m
- Taxes +€48,034
up €48,034 (+85.6%), from €56,085 to €104,119
- Other operating charges +€13,090
new in 2025: €13,090
- Depreciation +€4,262
up €4,262 (+158.1%), from €2,696 to €6,958
- Gross operating margin +€669
up €669 (+4.1%), from €16,337 to €17,006
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 | €27,695,157 | €33,467,103 | +€5.8m | +20.8% |
| Fixed assets | 21/28 | €19,868,868 | €19,856,425 | -€12,442 | -0.1% |
| Tangible fixed assets | 22/27 | €14,068 | €63,625 | +€49,558 | +352.3% |
| Furniture and vehicles | 24 | €3,039 | €55,843 | +€52,804 | +1737.6% |
| Other tangible fixed assets | 26 | €11,029 | €7,783 | -€3,246 | -29.4% |
| Financial fixed assets | 28 | €19,854,800 | €19,792,800 | -€62,000 | -0.3% |
| Current assets | 29/58 | €7,826,289 | €13,610,677 | +€5.8m | +73.9% |
| Amounts receivable after more than one year | 29 | €3,531,702 | €3,531,702 | = | 0.0% |
| Other amounts receivable | 291 | €3,531,702 | €3,531,702 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €453,591 | €197,502 | -€256,088 | -56.5% |
| Trade receivables | 40 | - | €192,941 | +€192,941 | |
| Other amounts receivable | 41 | €453,591 | €4,562 | -€449,029 | -99.0% |
| Current investments | 50/53 | €3,761,044 | €9,389,340 | +€5.6m | +149.6% |
| Cash at bank and in hand | 54/58 | €77,570 | €489,752 | +€412,181 | +531.4% |
| Deferred charges and accrued income | 490/1 | €2,382 | €2,382 | = | 0.0% |
| Total equity and liabilities | 10/49 | €27,695,157 | €33,467,103 | +€5.8m | +20.8% |
| Equity | 10/15 | €27,419,433 | €32,933,276 | +€5.5m | +20.1% |
| Contributions | 10/11 | €11,715,000 | €11,715,000 | = | 0.0% |
| Reserves | 13 | €15,704,433 | €21,218,276 | +€5.5m | +35.1% |
| Distributable reserves | 133 | €15,704,433 | €21,218,276 | +€5.5m | +35.1% |
| Amounts payable | 17/49 | €275,724 | €533,826 | +€258,102 | +93.6% |
| Amounts payable within one year | 42/48 | €275,724 | €533,826 | +€258,102 | +93.6% |
| Trade debts | 44 | €1,130 | €383,747 | +€382,617 | +33872.2% |
| Suppliers | 440/4 | €1,130 | €383,747 | +€382,617 | +33872.2% |
| Taxes, remuneration and social security | 45 | €11,013 | €25,580 | +€14,567 | +132.3% |
| Taxes | 450/3 | €11,013 | €25,580 | +€14,567 | +132.3% |
| Other amounts payable | 47/48 | €263,582 | €124,499 | -€139,083 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,696 | €6,958 | +€4,262 | +158.1% |
| Other operating charges | 640/8 | - | €13,090 | +€13,090 | |
| Gross operating margin | 9900 | €16,337 | €17,006 | +€669 | +4.1% |
| Operating profit (loss) | 9901 | €13,641 | -€3,042 | -€16,683 | |
| Financial income | 75/76B | €631,831 | €5,622,943 | +€5.0m | +789.9% |
| Recurring financial income | 75 | €631,831 | €5,622,943 | +€5.0m | +789.9% |
| Financial charges | 65/66B | €1,344 | €1,939 | +€594 | +44.2% |
| Recurring financial charges | 65 | €1,344 | €1,939 | +€594 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €644,128 | €5,617,962 | +€5.0m | +772.2% |
| Income taxes | 67/77 | €56,085 | €104,119 | +€48,034 | +85.6% |
| Profit (loss) for the period | 9904 | €588,043 | €5,513,844 | +€4.9m | +837.7% |
| Profit (loss) for the period to be appropriated | 9905 | €588,043 | €5,513,844 | +€4.9m | +837.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.