PSD GROUP: 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.
PSD GROUP
Largest movements
- Tangible fixed assets +€96,424
up €96,424 (+246.0%), from €39,194 to €135,618
of which Furniture and vehicles: +€95,141
- Receivables within one year +€59,772
up €59,772 (+7.1%), from €846,748 to €906,520
of which Trade receivables: +€52,524
- Cash +€18,352
up €18,352 (+2.4%), from €758,539 to €776,891
mainly Net result for the year (+€880,669) and Trade debts (+€64,269)
- Profit (loss) carried forward +€233,610
up €233,610 (+18.2%), from €1.3m to €1.5m
- Tax, wage and social debts -€124,255
down €124,255 (-36.5%), from €340,406 to €216,151
of which Remuneration and social security: -€91,900
- Trade debts +€64,269
new in 2024: €64,269
- Gross operating margin +€250,899
up €250,899 (+20.3%), from €1.2m to €1.5m
- Staff costs -€23,733
down €23,733 (-10.1%), from €235,023 to €211,290
- Taxes -€23,526
down €23,526 (-6.3%), from €372,814 to €349,288
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,645,404 | €1,819,030 | +€173,625 | +10.6% |
| Fixed assets | 21/28 | €39,194 | €135,618 | +€96,424 | +246.0% |
| Tangible fixed assets | 22/27 | €39,194 | €135,618 | +€96,424 | +246.0% |
| Plant, machinery and equipment | 23 | - | €1,282 | +€1,282 | |
| Furniture and vehicles | 24 | €39,194 | €134,336 | +€95,141 | +242.7% |
| Current assets | 29/58 | €1,606,210 | €1,683,412 | +€77,202 | +4.8% |
| Amounts receivable within one year | 40/41 | €846,748 | €906,520 | +€59,772 | +7.1% |
| Trade receivables | 40 | €836,579 | €889,103 | +€52,524 | +6.3% |
| Other amounts receivable | 41 | €10,169 | €17,417 | +€7,248 | +71.3% |
| Cash at bank and in hand | 54/58 | €758,539 | €776,891 | +€18,352 | +2.4% |
| Deferred charges and accrued income | 490/1 | €922 | - | -€922 | |
| Total equity and liabilities | 10/49 | €1,645,404 | €1,819,030 | +€173,625 | +10.6% |
| Equity | 10/15 | €1,304,998 | €1,538,609 | +€233,610 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,284,538 | €1,518,149 | +€233,610 | +18.2% |
| Amounts payable | 17/49 | €340,406 | €280,421 | -€59,985 | -17.6% |
| Amounts payable within one year | 42/48 | €340,406 | €280,421 | -€59,985 | -17.6% |
| Trade debts | 44 | - | €64,269 | +€64,269 | |
| Suppliers | 440/4 | - | €64,269 | +€64,269 | |
| Taxes, remuneration and social security | 45 | €340,406 | €216,151 | -€124,255 | -36.5% |
| Taxes | 450/3 | €235,853 | €203,498 | -€32,355 | -13.7% |
| Remuneration and social security | 454/9 | €104,553 | €12,654 | -€91,900 | -87.9% |
| Remuneration, social security and pensions | 62 | €235,023 | €211,290 | -€23,733 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,683 | €43,252 | +€7,569 | +21.2% |
| Other operating charges | 640/8 | €6,709 | €2,643 | -€4,066 | -60.6% |
| Gross operating margin | 9900 | €1,236,153 | €1,487,052 | +€250,899 | +20.3% |
| Operating profit (loss) | 9901 | €958,739 | €1,229,867 | +€271,128 | +28.3% |
| Financial income | 75/76B | €1,724 | €872 | -€853 | -49.4% |
| Recurring financial income | 75 | €1,724 | €872 | -€853 | -49.4% |
| Financial charges | 65/66B | €748 | €781 | +€33 | +4.4% |
| Recurring financial charges | 65 | €748 | €781 | +€33 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €959,715 | €1,229,958 | +€270,242 | +28.2% |
| Income taxes | 67/77 | €372,814 | €349,288 | -€23,526 | -6.3% |
| Profit (loss) for the period | 9904 | €586,901 | €880,669 | +€293,768 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €586,901 | €880,669 | +€293,768 | +50.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.