PSI Belgium: 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.
PSI Belgium
Largest movements
- Receivables within one year +€267,320
up €267,320 (+46.8%), from €571,626 to €838,946
of which Trade receivables: +€289,489
- Cash +€86,325
up €86,325 (+760%), from €11,354 to €97,680
mainly Other debts (+€316,297) and Net result for the year (+€68,653)
- Tangible fixed assets +€48,712
up €48,712 (+160%), from €30,471 to €79,183
of which Furniture and vehicles: +€38,975
- Other debts +€316,297
up €316,297 (+34.9%), from €907,346 to €1.2m
- Profit (loss) carried forward +€68,653
up €68,653, from -€37,219 to €31,434
- Tax, wage and social debts +€23,566
up €23,566 (+180%), from €13,072 to €36,639
of which Taxes: +€27,854
- Gross operating margin +€33,610
up €33,610 (+26.3%), from €127,850 to €161,460
- Taxes +€11,565
new in 2023: €11,565
- Depreciation +€5,696
up €5,696 (+68.4%), from €8,327 to €14,024
- Staff costs +€3,876
up €3,876 (+6.8%), from €57,335 to €61,211
- Other operating charges +€2,875
up €2,875 (+198%), from €1,452 to €4,327
From the 2022 result to the 2023 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.
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €919,952 | €1,322,309 | +€402,357 | +43.7% |
| Fixed assets | 21/28 | €80,471 | €129,183 | +€48,712 | +60.5% |
| Tangible fixed assets | 22/27 | €30,471 | €79,183 | +€48,712 | +160% |
| Land and buildings | 22 | - | €9,737 | +€9,737 | |
| Furniture and vehicles | 24 | €30,471 | €69,446 | +€38,975 | +128% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €839,480 | €1,193,126 | +€353,645 | +42.1% |
| Amounts receivable after more than one year | 29 | €256,500 | €256,500 | = | 0.0% |
| Other amounts receivable | 291 | €256,500 | €256,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €571,626 | €838,946 | +€267,320 | +46.8% |
| Trade receivables | 40 | €293,159 | €582,649 | +€289,489 | +98.7% |
| Other amounts receivable | 41 | €278,467 | €256,298 | -€22,169 | -8.0% |
| Cash at bank and in hand | 54/58 | €11,354 | €97,680 | +€86,325 | +760% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €919,952 | €1,322,309 | +€402,357 | +43.7% |
| Equity | 10/15 | -€18,619 | €50,034 | +€68,653 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,219 | €31,434 | +€68,653 | |
| Amounts payable | 17/49 | €938,571 | €1,272,275 | +€333,704 | +35.6% |
| Amounts payable within one year | 42/48 | €926,633 | €1,272,275 | +€345,642 | +37.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,215 | €11,994 | +€5,779 | +93.0% |
| Suppliers | 440/4 | €6,215 | €11,994 | +€5,779 | +93.0% |
| Taxes, remuneration and social security | 45 | €13,072 | €36,639 | +€23,566 | +180% |
| Taxes | 450/3 | - | €27,854 | +€27,854 | |
| Remuneration and social security | 454/9 | €13,072 | €8,785 | -€4,288 | -32.8% |
| Other amounts payable | 47/48 | €907,346 | €1,223,643 | +€316,297 | +34.9% |
| Accrued charges and deferred income | 492/3 | €11,937 | €0 | -€11,937 | -100% |
| Remuneration, social security and pensions | 62 | €57,335 | €61,211 | +€3,876 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,327 | €14,024 | +€5,696 | +68.4% |
| Other operating charges | 640/8 | €1,452 | €4,327 | +€2,875 | +198% |
| Gross operating margin | 9900 | €127,850 | €161,460 | +€33,610 | +26.3% |
| Operating profit (loss) | 9901 | €60,736 | €81,898 | +€21,163 | +34.8% |
| Financial income | 75/76B | €2,213 | €0 | -€2,213 | -100% |
| Recurring financial income | 75 | €2,213 | €0 | -€2,213 | -100% |
| Financial charges | 65/66B | €356 | €1,680 | +€1,324 | +372% |
| Recurring financial charges | 65 | €356 | €1,680 | +€1,324 | +372% |
| Profit (loss) for the period before taxes | 9903 | €62,593 | €80,218 | +€17,625 | +28.2% |
| Income taxes | 67/77 | - | €11,565 | +€11,565 | |
| Profit (loss) for the period | 9904 | €62,593 | €68,653 | +€6,060 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,593 | €68,653 | +€6,060 | +9.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.