PSK MANAGEMENT & CO: 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.
PSK MANAGEMENT & CO
Largest movements
- Tangible fixed assets -€30,159
down €30,159 (-12.6%), from €238,648 to €208,489
of which Furniture and vehicles: -€17,721
- Cash +€19,661
up €19,661 (+36.6%), from €53,735 to €73,396
mainly Other debts (+€191,000) and Net result for the year (+€33,437)
- Receivables within one year -€4,520
down €4,520 (-12.5%), from €36,296 to €31,776
of which Trade receivables: -€16,952
- Other debts +€191,000
new in 2025: €191,000
- Profit (loss) carried forward -€157,563
down €157,563 (-99.6%), from €158,235 to €673
- Debts after one year -€27,462
down €27,462 (-18.2%), from €150,734 to €123,272
- Tax, wage and social debts -€24,182
down €24,182 (-99.8%), from €24,237 to €55
- Gross operating margin -€36,677
down €36,677 (-30.1%), from €121,751 to €85,074
- Taxes -€10,236
down €10,236 (-49.1%), from €20,839 to €10,603
- Depreciation +€9,522
up €9,522 (+46.1%), from €20,637 to €30,159
- Financial charges +€3,167
up €3,167 (+38.3%), from €8,271 to €11,437
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 | €362,217 | €347,745 | -€14,471 | -4.0% |
| Fixed assets | 21/28 | €239,048 | €208,889 | -€30,159 | -12.6% |
| Tangible fixed assets | 22/27 | €238,648 | €208,489 | -€30,159 | -12.6% |
| Land and buildings | 22 | €162,987 | €150,550 | -€12,438 | -7.6% |
| Furniture and vehicles | 24 | €75,660 | €57,939 | -€17,721 | -23.4% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €123,169 | €138,857 | +€15,688 | +12.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,296 | €31,776 | -€4,520 | -12.5% |
| Trade receivables | 40 | €20,776 | €3,824 | -€16,952 | -81.6% |
| Other amounts receivable | 41 | €15,520 | €27,952 | +€12,432 | +80.1% |
| Cash at bank and in hand | 54/58 | €53,735 | €73,396 | +€19,661 | +36.6% |
| Deferred charges and accrued income | 490/1 | €3,139 | €3,685 | +€547 | +17.4% |
| Total equity and liabilities | 10/49 | €362,217 | €347,745 | -€14,471 | -4.0% |
| Equity | 10/15 | €160,235 | €2,673 | -€157,563 | -98.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,235 | €673 | -€157,563 | -99.6% |
| Amounts payable | 17/49 | €201,981 | €345,073 | +€143,091 | +70.8% |
| Amounts payable after more than one year | 17 | €150,734 | €123,272 | -€27,462 | -18.2% |
| Financial debts | 170/4 | €150,734 | €123,272 | -€27,462 | -18.2% |
| Amounts payable within one year | 42/48 | €51,247 | €221,801 | +€170,554 | +333% |
| Current portion of amounts payable after more than one year | 42 | €26,315 | €27,462 | +€1,147 | +4.4% |
| Trade debts | 44 | €694 | €3,283 | +€2,589 | +373% |
| Suppliers | 440/4 | €694 | €3,283 | +€2,589 | +373% |
| Taxes, remuneration and social security | 45 | €24,237 | €55 | -€24,182 | -99.8% |
| Taxes | 450/3 | €24,237 | €55 | -€24,182 | -99.8% |
| Other amounts payable | 47/48 | - | €191,000 | +€191,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,637 | €30,159 | +€9,522 | +46.1% |
| Other operating charges | 640/8 | €894 | €1,259 | +€364 | +40.7% |
| Gross operating margin | 9900 | €121,751 | €85,074 | -€36,677 | -30.1% |
| Operating profit (loss) | 9901 | €100,220 | €53,656 | -€46,564 | -46.5% |
| Financial income | 75/76B | €1,325 | €1,821 | +€496 | +37.5% |
| Recurring financial income | 75 | €1,325 | €1,821 | +€496 | +37.5% |
| Financial charges | 65/66B | €8,271 | €11,437 | +€3,167 | +38.3% |
| Recurring financial charges | 65 | €8,271 | €11,437 | +€3,167 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €93,274 | €44,040 | -€49,234 | -52.8% |
| Income taxes | 67/77 | €20,839 | €10,603 | -€10,236 | -49.1% |
| Profit (loss) for the period | 9904 | €72,435 | €33,437 | -€38,997 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,435 | €33,437 | -€38,997 | -53.8% |
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 24 October 2026 via checked.be.