PSIDE: 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.
PSIDE
Largest movements
- Tangible fixed assets +€104,341
up €104,341 (+2304.4%), from €4,528 to €108,869
of which Furniture and vehicles: +€66,877
- Receivables within one year +€22,857
up €22,857 (+107.5%), from €21,255 to €44,112
of which Trade receivables: +€22,119
- Debts after one year +€57,783
new in 2025: €57,783
- Trade debts +€32,893
up €32,893 (+338.3%), from €9,722 to €42,616
- Current portion of long-term debt +€16,976
new in 2025: €16,976
- Profit (loss) carried forward +€12,056
up €12,056 (+3905.6%), from €309 to €12,365
- Tax, wage and social debts +€8,623
up €8,623 (+117.9%), from €7,314 to €15,937
of which Taxes: +€12,623
- Gross operating margin +€39,961
up €39,961 (+4534.6%), from €881 to €40,843
- Depreciation +€18,712
up €18,712 (+9931.9%), from €188 to €18,900
- Taxes +€6,025
up €6,025 (+1623.1%), from €371 to €6,396
- Financial charges +€2,671
up €2,671 (+20593.3%), from €13 to €2,684
- Other operating charges +€809
new in 2025: €809
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 | €27,367 | €154,128 | +€126,761 | +463.2% |
| Formation expenses | 20 | €1,067 | €467 | -€600 | -56.2% |
| Fixed assets | 21/28 | €4,528 | €108,925 | +€104,397 | +2305.6% |
| Tangible fixed assets | 22/27 | €4,528 | €108,869 | +€104,341 | +2304.4% |
| Plant, machinery and equipment | 23 | €4,528 | €3,611 | -€917 | -20.2% |
| Furniture and vehicles | 24 | - | €66,877 | +€66,877 | |
| Other tangible fixed assets | 26 | - | €37,141 | +€37,141 | |
| Assets under construction and advance payments | 27 | - | €1,240 | +€1,240 | |
| Financial fixed assets | 28 | - | €57 | +€57 | |
| Current assets | 29/58 | €21,772 | €44,736 | +€22,964 | +105.5% |
| Amounts receivable within one year | 40/41 | €21,255 | €44,112 | +€22,857 | +107.5% |
| Trade receivables | 40 | €21,235 | €43,355 | +€22,119 | +104.2% |
| Other amounts receivable | 41 | €20 | €757 | +€738 | +3782.1% |
| Cash at bank and in hand | 54/58 | €517 | - | -€517 | |
| Deferred charges and accrued income | 490/1 | - | €624 | +€624 | |
| Total equity and liabilities | 10/49 | €27,367 | €154,128 | +€126,761 | +463.2% |
| Equity | 10/15 | €7,309 | €13,065 | +€5,756 | +78.8% |
| Contributions | 10/11 | €7,000 | €700 | -€6,300 | -90.0% |
| Profit (loss) carried forward | 14 | €309 | €12,365 | +€12,056 | +3905.6% |
| Amounts payable | 17/49 | €20,058 | €141,063 | +€121,005 | +603.3% |
| Amounts payable after more than one year | 17 | - | €57,783 | +€57,783 | |
| Financial debts | 170/4 | - | €57,783 | +€57,783 | |
| Amounts payable within one year | 42/48 | €20,058 | €83,280 | +€63,222 | +315.2% |
| Current portion of amounts payable after more than one year | 42 | - | €16,976 | +€16,976 | |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Trade debts | 44 | €9,722 | €42,616 | +€32,893 | +338.3% |
| Suppliers | 440/4 | €9,722 | €42,616 | +€32,893 | +338.3% |
| Taxes, remuneration and social security | 45 | €7,314 | €15,937 | +€8,623 | +117.9% |
| Taxes | 450/3 | €3,314 | €15,937 | +€12,623 | +380.9% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €3,022 | €7,751 | +€4,729 | +156.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188 | €18,900 | +€18,712 | +9931.9% |
| Other operating charges | 640/8 | - | €809 | +€809 | |
| Gross operating margin | 9900 | €881 | €40,843 | +€39,961 | +4534.6% |
| Operating profit (loss) | 9901 | €693 | €21,133 | +€20,441 | +2950.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €13 | €2,684 | +€2,671 | +20593.3% |
| Recurring financial charges | 65 | €13 | €2,684 | +€2,671 | +20593.3% |
| Profit (loss) for the period before taxes | 9903 | €680 | €18,452 | +€17,772 | +2614.1% |
| Income taxes | 67/77 | €371 | €6,396 | +€6,025 | +1623.1% |
| Profit (loss) for the period | 9904 | €309 | €12,056 | +€11,748 | +3805.6% |
| Profit (loss) for the period to be appropriated | 9905 | €309 | €12,056 | +€11,748 | +3805.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.