PSL CONSULTING: 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 CONSULTING
Largest movements
- Cash +€296,197
up €296,197 (+156.1%), from €189,696 to €485,893
mainly Net result for the year (+€141,349) and Receivables within one year (+€71,781)
- Receivables within one year -€71,781
down €71,781 (-67.3%), from €106,716 to €34,936
of which Trade receivables: -€59,354
- Tangible fixed assets -€35,688
down €35,688 (-16.1%), from €221,817 to €186,129
of which Furniture and vehicles: -€31,174
- Current investments -€13,556
down €13,556 (-4.9%), from €274,152 to €260,596
- Reserves +€141,345
up €141,345 (+18.1%), from €781,795 to €923,140
of which Distributable reserves: +€141,345
- Tax, wage and social debts +€23,049
up €23,049 (+254.3%), from €9,062 to €32,111
- Trade debts +€10,819
up €10,819 (+1135.4%), from €953 to €11,772
- Gross operating margin +€78,033
up €78,033 (+61.6%), from €126,714 to €204,747
- Financial income +€74,418
up €74,418 (+1013.0%), from €7,346 to €81,764
- Taxes +€33,645
up €33,645 (+99.5%), from €33,800 to €67,445
- Financial charges +€32,173
up €32,173 (+12444.9%), from €259 to €32,431
- Depreciation +€19,904
up €19,904 (+90.0%), from €22,113 to €42,017
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 | €798,892 | €974,109 | +€175,217 | +21.9% |
| Fixed assets | 21/28 | €221,817 | €186,129 | -€35,688 | -16.1% |
| Tangible fixed assets | 22/27 | €221,817 | €186,129 | -€35,688 | -16.1% |
| Land and buildings | 22 | €77,448 | €71,045 | -€6,403 | -8.3% |
| Plant, machinery and equipment | 23 | €9,650 | €11,539 | +€1,889 | +19.6% |
| Furniture and vehicles | 24 | €134,719 | €103,545 | -€31,174 | -23.1% |
| Current assets | 29/58 | €577,075 | €787,980 | +€210,905 | +36.5% |
| Amounts receivable within one year | 40/41 | €106,716 | €34,936 | -€71,781 | -67.3% |
| Trade receivables | 40 | €82,647 | €23,293 | -€59,354 | -71.8% |
| Other amounts receivable | 41 | €24,070 | €11,643 | -€12,426 | -51.6% |
| Current investments | 50/53 | €274,152 | €260,596 | -€13,556 | -4.9% |
| Cash at bank and in hand | 54/58 | €189,696 | €485,893 | +€296,197 | +156.1% |
| Deferred charges and accrued income | 490/1 | €6,511 | €6,555 | +€44 | +0.7% |
| Total equity and liabilities | 10/49 | €798,892 | €974,109 | +€175,217 | +21.9% |
| Equity | 10/15 | €788,877 | €930,226 | +€141,349 | +17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €781,795 | €923,140 | +€141,345 | +18.1% |
| Tax-exempt reserves | 132 | €1,185 | €1,185 | = | 0.0% |
| Distributable reserves | 133 | €780,610 | €921,955 | +€141,345 | +18.1% |
| Profit (loss) carried forward | 14 | €882 | €886 | +€4 | +0.5% |
| Amounts payable | 17/49 | €10,015 | €43,883 | +€33,868 | +338.2% |
| Amounts payable within one year | 42/48 | €10,015 | €43,883 | +€33,868 | +338.2% |
| Trade debts | 44 | €953 | €11,772 | +€10,819 | +1135.4% |
| Suppliers | 440/4 | €953 | €11,772 | +€10,819 | +1135.4% |
| Taxes, remuneration and social security | 45 | €9,062 | €32,111 | +€23,049 | +254.3% |
| Taxes | 450/3 | €9,062 | €32,111 | +€23,049 | +254.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,113 | €42,017 | +€19,904 | +90.0% |
| Other operating charges | 640/8 | €3,052 | €3,270 | +€218 | +7.1% |
| Gross operating margin | 9900 | €126,714 | €204,747 | +€78,033 | +61.6% |
| Operating profit (loss) | 9901 | €101,550 | €159,461 | +€57,911 | +57.0% |
| Financial income | 75/76B | €7,346 | €81,764 | +€74,418 | +1013.0% |
| Recurring financial income | 75 | €7,346 | €81,764 | +€74,418 | +1013.0% |
| Financial charges | 65/66B | €259 | €32,431 | +€32,173 | +12444.9% |
| Recurring financial charges | 65 | €259 | €32,431 | +€32,173 | +12444.9% |
| Profit (loss) for the period before taxes | 9903 | €108,638 | €208,794 | +€100,156 | +92.2% |
| Income taxes | 67/77 | €33,800 | €67,445 | +€33,645 | +99.5% |
| Profit (loss) for the period | 9904 | €74,838 | €141,349 | +€66,511 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,838 | €141,349 | +€66,511 | +88.9% |
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 11 October 2026 via checked.be.