PSIA: 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.
PSIA
Largest movements
- Cash +€18,825
up €18,825 (+94.1%), from €19,996 to €38,821
mainly Current investments (+€18,041) and Tax, wage and social debts (+€10,039)
- Current investments -€18,041
down €18,041 (-100%), from €18,041 to €0
- Receivables within one year -€8,883
down €8,883 (-50.9%), from €17,439 to €8,556
of which Other amounts receivable: -€9,702
- Tangible fixed assets -€5,029
down €5,029 (-24.4%), from €20,650 to €15,621
of which Plant, machinery and equipment: -€3,511
- Stocks and contracts -€1,668
down €1,668 (-14.1%), from €11,841 to €10,173
- Profit (loss) carried forward -€34,011
down €34,011 (-69.4%), from €48,993 to €14,982
- Tax, wage and social debts +€10,039
up €10,039 (+180%), from €5,584 to €15,623
of which Taxes: +€9,627
- Other debts +€8,084
up €8,084 (+40.4%), from €20,000 to €28,084
- Trade debts +€1,441
up €1,441 (+12.7%), from €11,392 to €12,833
- Other operating charges +€3,256
up €3,256 (+103%), from €3,153 to €6,408
- Financial income +€2,871
up €2,871 (+590%), from €487 to €3,359
- Gross operating margin +€2,480
up €2,480 (+5.7%), from €43,415 to €45,895
- Staff costs +€1,274
up €1,274 (+5.3%), from €24,214 to €25,488
- Depreciation +€707
up €707 (+16.4%), from €4,322 to €5,029
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.
Derived cash bridge
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 | €88,506 | €74,021 | -€14,484 | -16.4% |
| Fixed assets | 21/28 | €20,650 | €15,621 | -€5,029 | -24.4% |
| Tangible fixed assets | 22/27 | €20,650 | €15,621 | -€5,029 | -24.4% |
| Plant, machinery and equipment | 23 | €9,789 | €6,278 | -€3,511 | -35.9% |
| Other tangible fixed assets | 26 | €10,861 | €9,343 | -€1,518 | -14.0% |
| Current assets | 29/58 | €67,855 | €58,400 | -€9,455 | -13.9% |
| Stocks and contracts in progress | 3 | €11,841 | €10,173 | -€1,668 | -14.1% |
| Stocks | 30/36 | €11,841 | €10,173 | -€1,668 | -14.1% |
| Amounts receivable within one year | 40/41 | €17,439 | €8,556 | -€8,883 | -50.9% |
| Trade receivables | 40 | - | €819 | +€819 | |
| Other amounts receivable | 41 | €17,439 | €7,738 | -€9,702 | -55.6% |
| Current investments | 50/53 | €18,041 | €0 | -€18,041 | -100% |
| Cash at bank and in hand | 54/58 | €19,996 | €38,821 | +€18,825 | +94.1% |
| Deferred charges and accrued income | 490/1 | €538 | €850 | +€312 | +58.1% |
| Total equity and liabilities | 10/49 | €88,506 | €74,021 | -€14,484 | -16.4% |
| Equity | 10/15 | €51,493 | €17,482 | -€34,011 | -66.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,993 | €14,982 | -€34,011 | -69.4% |
| Amounts payable | 17/49 | €37,013 | €56,540 | +€19,526 | +52.8% |
| Amounts payable within one year | 42/48 | €36,975 | €56,540 | +€19,564 | +52.9% |
| Trade debts | 44 | €11,392 | €12,833 | +€1,441 | +12.7% |
| Suppliers | 440/4 | €11,392 | €12,833 | +€1,441 | +12.7% |
| Taxes, remuneration and social security | 45 | €5,584 | €15,623 | +€10,039 | +180% |
| Taxes | 450/3 | €3,937 | €13,564 | +€9,627 | +245% |
| Remuneration and social security | 454/9 | €1,647 | €2,059 | +€412 | +25.0% |
| Other amounts payable | 47/48 | €20,000 | €28,084 | +€8,084 | +40.4% |
| Accrued charges and deferred income | 492/3 | €38 | €0 | -€38 | -100% |
| Remuneration, social security and pensions | 62 | €24,214 | €25,488 | +€1,274 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,322 | €5,029 | +€707 | +16.4% |
| Other operating charges | 640/8 | €3,153 | €6,408 | +€3,256 | +103% |
| Gross operating margin | 9900 | €43,415 | €45,895 | +€2,480 | +5.7% |
| Operating profit (loss) | 9901 | €11,726 | €8,970 | -€2,757 | -23.5% |
| Financial income | 75/76B | €487 | €3,359 | +€2,871 | +590% |
| Recurring financial income | 75 | €487 | €3,359 | +€2,871 | +590% |
| Financial charges | 65/66B | €362 | €821 | +€460 | +127% |
| Recurring financial charges | 65 | €362 | €821 | +€460 | +127% |
| Profit (loss) for the period before taxes | 9903 | €11,852 | €11,507 | -€345 | -2.9% |
| Income taxes | 67/77 | €2,599 | €2,072 | -€527 | -20.3% |
| Profit (loss) for the period | 9904 | €9,252 | €9,435 | +€182 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,252 | €9,435 | +€182 | +2.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.