PSD Invest: what changed
What changed
PSD Invest
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€304,990
2024 · €61,839+€243,151
Equity
€824,296
2024 · €519,306+€304,990
Cash
€36,978
2024 · €44,747-€7,770
Balance sheet total
€1.4m
2024 · €1.0m+€383,519
Largest movements
Assets
- Receivables within one year +€347,702
up €347,702 (+341%), from €102,000 to €449,702
- Financial fixed assets +€120,000
up €120,000 (+15.5%), from €775,385 to €895,385
- Deferred charges and accrued income -€76,413
down €76,413 (-95.9%), from €79,703 to €3,290
Equity and liabilities
- Reserves +€304,990
up €304,990 (+339%), from €90,056 to €395,046
- Debts after one year +€77,385
up €77,385 (+18.1%), from €428,255 to €505,640
Income statement
- Financial income +€191,497
up €191,497 (+241%), from €79,495 to €270,992
- Gross operating margin +€57,791
up €57,791, from -€553 to €57,238
- Taxes +€5,340
up €5,340, from €0 to €5,340
- Financial charges +€792
up €792 (+4.7%), from €16,892 to €17,684
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€61,839
Gross operating margin
+€57,791
Other operating charges
-€6
Financial income
+€191,497
Financial charges
-€792
Taxes
-€5,340
Result 2025
€304,990
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€33,850
Investment
-€120,000
Financing
+€78,381
Cash 2024
€44,747
From operations (derived)
+€33,850
Net result for the year
+€304,990
Receivables within one year
-€347,702
Deferred charges and accrued income
+€76,413
Trade debts
+€1,187
Tax, wage and social debts
-€1,715
Other debts
-€908
Accrued charges and deferred income
+€1,584
Investment (derived)
-€120,000
Investment in fixed assets (net)
-€120,000
Financing
+€78,381
Debts after one year
+€77,385
Current portion of long-term debt
+€996
Cash 2025
€36,978
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,001,835 | €1,385,355 | +€383,519 | +38.3% |
| Fixed assets | 21/28 | €775,385 | €895,385 | +€120,000 | +15.5% |
| Financial fixed assets | 28 | €775,385 | €895,385 | +€120,000 | +15.5% |
| Current assets | 29/58 | €226,451 | €489,970 | +€263,519 | +116% |
| Amounts receivable within one year | 40/41 | €102,000 | €449,702 | +€347,702 | +341% |
| Other amounts receivable | 41 | €102,000 | €449,702 | +€347,702 | +341% |
| Cash at bank and in hand | 54/58 | €44,747 | €36,978 | -€7,770 | -17.4% |
| Deferred charges and accrued income | 490/1 | €79,703 | €3,290 | -€76,413 | -95.9% |
| Total equity and liabilities | 10/49 | €1,001,835 | €1,385,355 | +€383,519 | +38.3% |
| Equity | 10/15 | €519,306 | €824,296 | +€304,990 | +58.7% |
| Contributions | 10/11 | €429,250 | €429,250 | = | 0.0% |
| Reserves | 13 | €90,056 | €395,046 | +€304,990 | +339% |
| Distributable reserves | 133 | €90,056 | €395,046 | +€304,990 | +339% |
| Amounts payable | 17/49 | €482,529 | €561,058 | +€78,530 | +16.3% |
| Amounts payable after more than one year | 17 | €428,255 | €505,640 | +€77,385 | +18.1% |
| Financial debts | 170/4 | €428,255 | €505,640 | +€77,385 | +18.1% |
| Amounts payable within one year | 42/48 | €42,959 | €42,519 | -€440 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €34,997 | €35,993 | +€996 | +2.8% |
| Trade debts | 44 | - | €1,187 | +€1,187 | |
| Suppliers | 440/4 | - | €1,187 | +€1,187 | |
| Taxes, remuneration and social security | 45 | €7,054 | €5,340 | -€1,715 | -24.3% |
| Taxes | 450/3 | €7,054 | €5,340 | -€1,715 | -24.3% |
| Other amounts payable | 47/48 | €908 | €0 | -€908 | -100% |
| Accrued charges and deferred income | 492/3 | €11,315 | €12,899 | +€1,584 | +14.0% |
| Other operating charges | 640/8 | €212 | €218 | +€6 | +2.8% |
| Gross operating margin | 9900 | -€553 | €57,238 | +€57,791 | |
| Operating profit (loss) | 9901 | -€764 | €57,021 | +€57,785 | |
| Financial income | 75/76B | €79,495 | €270,992 | +€191,497 | +241% |
| Recurring financial income | 75 | €79,495 | €270,992 | +€191,497 | +241% |
| Financial charges | 65/66B | €16,892 | €17,684 | +€792 | +4.7% |
| Recurring financial charges | 65 | €16,892 | €17,684 | +€792 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €61,839 | €310,330 | +€248,490 | +402% |
| Income taxes | 67/77 | €0 | €5,340 | +€5,340 | |
| Profit (loss) for the period | 9904 | €61,839 | €304,990 | +€243,151 | +393% |
| Profit (loss) for the period to be appropriated | 9905 | €61,839 | €304,990 | +€243,151 | +393% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.