PSM SERVICES: 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.
PSM SERVICES
Largest movements
- Tangible fixed assets -€13,562
down €13,562 (-14.9%), from €90,943 to €77,381
of which Leasing and similar rights: -€22,299
- Cash -€13,327
down €13,327 (-20.0%), from €66,490 to €53,163
mainly Contributions, distributions and other (-€28,235) and Debts after one year (-€18,931)
- Receivables within one year +€6,515
up €6,515 (+57.1%), from €11,410 to €17,925
of which Trade receivables: +€6,504
- Receivables after one year -€4,000
down €4,000 (-36.2%), from €11,047 to €7,047
- Debts after one year -€18,931
down €18,931 (-26.1%), from €72,464 to €53,533
- Tax, wage and social debts -€9,038
down €9,038 (-30.2%), from €29,936 to €20,898
of which Taxes: -€8,288
- Trade debts +€2,313
up €2,313 (+83.3%), from €2,778 to €5,092
- Gross operating margin -€12,075
down €12,075 (-15.3%), from €78,880 to €66,805
- Taxes -€3,438
down €3,438 (-31.9%), from €10,789 to €7,351
- Financial charges -€826
down €826 (-10.8%), from €7,682 to €6,855
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 | €179,890 | €155,516 | -€24,374 | -13.5% |
| Fixed assets | 21/28 | €90,943 | €77,381 | -€13,562 | -14.9% |
| Tangible fixed assets | 22/27 | €90,943 | €77,381 | -€13,562 | -14.9% |
| Furniture and vehicles | 24 | €5,534 | €3,956 | -€1,578 | -28.5% |
| Leasing and similar rights | 25 | €85,409 | €63,110 | -€22,299 | -26.1% |
| Other tangible fixed assets | 26 | - | €10,316 | +€10,316 | |
| Current assets | 29/58 | €88,947 | €78,135 | -€10,812 | -12.2% |
| Amounts receivable after more than one year | 29 | €11,047 | €7,047 | -€4,000 | -36.2% |
| Other amounts receivable | 291 | €11,047 | €7,047 | -€4,000 | -36.2% |
| Amounts receivable within one year | 40/41 | €11,410 | €17,925 | +€6,515 | +57.1% |
| Trade receivables | 40 | €11,383 | €17,887 | +€6,504 | +57.1% |
| Other amounts receivable | 41 | €28 | €38 | +€11 | +38.0% |
| Cash at bank and in hand | 54/58 | €66,490 | €53,163 | -€13,327 | -20.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €179,890 | €155,516 | -€24,374 | -13.5% |
| Equity | 10/15 | €28,049 | €28,512 | +€463 | +1.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,400 | €25,400 | = | 0.0% |
| Distributable reserves | 133 | €25,400 | €25,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €649 | €1,112 | +€463 | +71.3% |
| Amounts payable | 17/49 | €151,841 | €127,004 | -€24,837 | -16.4% |
| Amounts payable after more than one year | 17 | €72,464 | €53,533 | -€18,931 | -26.1% |
| Financial debts | 170/4 | €72,464 | €53,533 | -€18,931 | -26.1% |
| Amounts payable within one year | 42/48 | €79,377 | €73,471 | -€5,906 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €17,935 | €18,931 | +€996 | +5.6% |
| Trade debts | 44 | €2,778 | €5,092 | +€2,313 | +83.3% |
| Suppliers | 440/4 | €2,778 | €5,092 | +€2,313 | +83.3% |
| Taxes, remuneration and social security | 45 | €29,936 | €20,898 | -€9,038 | -30.2% |
| Taxes | 450/3 | €27,686 | €19,398 | -€8,288 | -29.9% |
| Remuneration and social security | 454/9 | €2,250 | €1,500 | -€750 | -33.3% |
| Other amounts payable | 47/48 | €28,728 | €28,550 | -€177 | -0.6% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,298 | €23,880 | +€582 | +2.5% |
| Other operating charges | 640/8 | €30 | €30 | = | 0.0% |
| Gross operating margin | 9900 | €78,880 | €66,805 | -€12,075 | -15.3% |
| Operating profit (loss) | 9901 | €55,552 | €42,895 | -€12,657 | -22.8% |
| Financial income | 75/76B | €20 | €10 | -€10 | -50.6% |
| Recurring financial income | 75 | €20 | €10 | -€10 | -50.6% |
| Financial charges | 65/66B | €7,682 | €6,855 | -€826 | -10.8% |
| Recurring financial charges | 65 | €7,682 | €6,855 | -€826 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €47,890 | €36,049 | -€11,841 | -24.7% |
| Income taxes | 67/77 | €10,789 | €7,351 | -€3,438 | -31.9% |
| Profit (loss) for the period | 9904 | €37,101 | €28,698 | -€8,403 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,101 | €28,698 | -€8,403 | -22.6% |
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.