PSM Staffing: 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 Staffing
Largest movements
- Receivables within one year -€77,523
down €77,523 (-35.8%), from €216,248 to €138,725
of which Trade receivables: -€64,567
- Tangible fixed assets -€22,313
down €22,313 (-51.1%), from €43,645 to €21,332
- Cash +€3,896
up €3,896 (+183%), from €2,129 to €6,025
mainly Receivables within one year (+€77,523) and Tax, wage and social debts (+€27,351)
- Deferred charges and accrued income +€2,916
new in 2025: €2,916
- Trade debts -€116,616
down €116,616 (-66.5%), from €175,357 to €58,741
- Short-term financial debts -€29,786
down €29,786 (-100%), from €29,786 to €0
- Tax, wage and social debts +€27,351
up €27,351 (+59.8%), from €45,762 to €73,112
of which Taxes: +€36,395
- Current portion of long-term debt +€22,151
up €22,151 (+119%), from €18,543 to €40,694
- Profit (loss) carried forward +€10,245
up €10,245 (+20.1%), from -€51,094 to -€40,849
- Staff costs -€84,686
down €84,686 (-54.5%), from €155,432 to €70,746
- Gross operating margin -€35,067
down €35,067 (-20.8%), from €168,735 to €133,668
- Other operating charges +€10,017
new in 2025: €10,017
- Taxes +€7,510
up €7,510 (+370%), from €2,028 to €9,538
- Depreciation -€3,320
down €3,320 (-20.2%), from €16,449 to €13,129
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 | €269,562 | €176,537 | -€93,025 | -34.5% |
| Fixed assets | 21/28 | €51,185 | €28,872 | -€22,313 | -43.6% |
| Tangible fixed assets | 22/27 | €43,645 | €21,332 | -€22,313 | -51.1% |
| Furniture and vehicles | 24 | €43,645 | €21,332 | -€22,313 | -51.1% |
| Financial fixed assets | 28 | €7,540 | €7,540 | = | 0.0% |
| Current assets | 29/58 | €218,377 | €147,665 | -€70,712 | -32.4% |
| Amounts receivable within one year | 40/41 | €216,248 | €138,725 | -€77,523 | -35.8% |
| Trade receivables | 40 | €162,679 | €98,112 | -€64,567 | -39.7% |
| Other amounts receivable | 41 | €53,569 | €40,613 | -€12,957 | -24.2% |
| Cash at bank and in hand | 54/58 | €2,129 | €6,025 | +€3,896 | +183% |
| Deferred charges and accrued income | 490/1 | - | €2,916 | +€2,916 | |
| Total equity and liabilities | 10/49 | €269,562 | €176,537 | -€93,025 | -34.5% |
| Equity | 10/15 | -€30,634 | -€20,389 | +€10,245 | +33.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,094 | -€40,849 | +€10,245 | +20.1% |
| Amounts payable | 17/49 | €300,196 | €196,926 | -€103,270 | -34.4% |
| Amounts payable after more than one year | 17 | €19,172 | €15,904 | -€3,268 | -17.0% |
| Financial debts | 170/4 | €19,172 | €15,904 | -€3,268 | -17.0% |
| Amounts payable within one year | 42/48 | €279,624 | €179,779 | -€99,845 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €18,543 | €40,694 | +€22,151 | +119% |
| Financial debts | 43 | €29,786 | €0 | -€29,786 | -100% |
| Credit institutions | 430/8 | €29,786 | €0 | -€29,786 | -100% |
| Trade debts | 44 | €175,357 | €58,741 | -€116,616 | -66.5% |
| Suppliers | 440/4 | €175,357 | €58,741 | -€116,616 | -66.5% |
| Taxes, remuneration and social security | 45 | €45,762 | €73,112 | +€27,351 | +59.8% |
| Taxes | 450/3 | €26,017 | €62,413 | +€36,395 | +140% |
| Remuneration and social security | 454/9 | €19,745 | €10,700 | -€9,045 | -45.8% |
| Other amounts payable | 47/48 | €10,176 | €7,231 | -€2,945 | -28.9% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,243 | -€157 | -11.2% |
| Remuneration, social security and pensions | 62 | €155,432 | €70,746 | -€84,686 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,449 | €13,129 | -€3,320 | -20.2% |
| Other operating charges | 640/8 | - | €10,017 | +€10,017 | |
| Gross operating margin | 9900 | €168,735 | €133,668 | -€35,067 | -20.8% |
| Operating profit (loss) | 9901 | -€3,146 | €39,776 | +€42,922 | |
| Financial income | 75/76B | €92 | €122 | +€30 | +33.0% |
| Recurring financial income | 75 | €92 | €122 | +€30 | +33.0% |
| Financial charges | 65/66B | €23,347 | €20,107 | -€3,239 | -13.9% |
| Recurring financial charges | 65 | €23,347 | €20,107 | -€3,239 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,401 | €19,791 | +€46,191 | |
| Income taxes | 67/77 | €2,028 | €9,538 | +€7,510 | +370% |
| Profit (loss) for the period | 9904 | -€28,429 | €10,252 | +€38,681 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,429 | €10,252 | +€38,681 |
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 20 October 2026 via checked.be.