PSL AUDIOVISUAL: 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.
PSL AUDIOVISUAL
Largest movements
- Cash +€20,658
up €20,658 (+213%), from €9,704 to €30,362
mainly Net result for the year (+€11,696) and Receivables within one year (+€9,183)
- Receivables within one year -€9,183
down €9,183 (-48.0%), from €19,121 to €9,938
- Tangible fixed assets -€1,324
down €1,324 (-87.6%), from €1,512 to €187
- Profit (loss) carried forward +€11,696
up €11,696 (+36.7%), from -€31,841 to -€20,145
- Other debts +€3,179
up €3,179 (+36.0%), from €8,826 to €12,005
- Tax, wage and social debts -€3,025
down €3,025 (-82.1%), from €3,683 to €657
- Trade debts -€1,710
down €1,710 (-71.1%), from €2,406 to €696
- Gross operating margin +€6,257
up €6,257 (+52.8%), from €11,844 to €18,102
- Depreciation -€924
down €924 (-41.1%), from €2,248 to €1,324
- Other operating charges +€322
up €322 (+26.0%), from €1,238 to €1,559
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 | €30,793 | €40,933 | +€10,140 | +32.9% |
| Fixed assets | 21/28 | €1,512 | €187 | -€1,324 | -87.6% |
| Tangible fixed assets | 22/27 | €1,512 | €187 | -€1,324 | -87.6% |
| Furniture and vehicles | 24 | €1,512 | €187 | -€1,324 | -87.6% |
| Current assets | 29/58 | €29,282 | €40,746 | +€11,464 | +39.2% |
| Amounts receivable within one year | 40/41 | €19,121 | €9,938 | -€9,183 | -48.0% |
| Trade receivables | 40 | €19,121 | €9,938 | -€9,183 | -48.0% |
| Cash at bank and in hand | 54/58 | €9,704 | €30,362 | +€20,658 | +213% |
| Deferred charges and accrued income | 490/1 | €457 | €446 | -€11 | -2.3% |
| Total equity and liabilities | 10/49 | €30,793 | €40,933 | +€10,140 | +32.9% |
| Equity | 10/15 | €15,879 | €27,575 | +€11,696 | +73.7% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €4,338 | €4,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,619 | €1,619 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,619 | €1,619 | = | 0.0% |
| Distributable reserves | 133 | €2,720 | €2,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,841 | -€20,145 | +€11,696 | +36.7% |
| Amounts payable | 17/49 | €14,915 | €13,359 | -€1,556 | -10.4% |
| Amounts payable within one year | 42/48 | €14,915 | €13,359 | -€1,556 | -10.4% |
| Trade debts | 44 | €2,406 | €696 | -€1,710 | -71.1% |
| Suppliers | 440/4 | €2,406 | €696 | -€1,710 | -71.1% |
| Taxes, remuneration and social security | 45 | €3,683 | €657 | -€3,025 | -82.1% |
| Taxes | 450/3 | €3,683 | €657 | -€3,025 | -82.1% |
| Other amounts payable | 47/48 | €8,826 | €12,005 | +€3,179 | +36.0% |
| Non-recurring operating income | 76A | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,248 | €1,324 | -€924 | -41.1% |
| Other operating charges | 640/8 | €1,238 | €1,559 | +€322 | +26.0% |
| Non-recurring operating charges | 66A | €2,797 | €2,797 | = | 0.0% |
| Gross operating margin | 9900 | €11,844 | €18,102 | +€6,257 | +52.8% |
| Operating profit (loss) | 9901 | €5,562 | €12,421 | +€6,859 | +123% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €269 | €266 | -€3 | -1.0% |
| Recurring financial charges | 65 | €269 | €266 | -€3 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €5,293 | €12,155 | +€6,862 | +130% |
| Income taxes | 67/77 | €452 | €459 | +€8 | +1.7% |
| Profit (loss) for the period | 9904 | €4,842 | €11,696 | +€6,854 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €4,842 | €11,696 | +€6,854 | +142% |
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 31 October 2026 via checked.be.