PSMI: what changed
Two fiscal 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.
PSMI
Largest movements
- Tangible fixed assets -€12,183
down €12,183 (-3.1%), from €392,123 to €379,940
of which Land and buildings: -€12,075
- Other debts -€7,800
down €7,800 (-6.4%), from €122,559 to €114,759
- Depreciation +€472
up €472 (+4.0%), from €11,711 to €12,183
- Gross operating margin +€411
up €411 (+1.9%), from €21,153 to €21,564
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 | €412,837 | €403,985 | -€8,852 | -2.1% |
| Fixed assets | 21/28 | €392,123 | €379,940 | -€12,183 | -3.1% |
| Tangible fixed assets | 22/27 | €392,123 | €379,940 | -€12,183 | -3.1% |
| Land and buildings | 22 | €391,617 | €379,541 | -€12,075 | -3.1% |
| Plant, machinery and equipment | 23 | €507 | €399 | -€108 | -21.2% |
| Current assets | 29/58 | €20,714 | €24,044 | +€3,331 | +16.1% |
| Cash at bank and in hand | 54/58 | €19,672 | €23,697 | +€4,025 | +20.5% |
| Deferred charges and accrued income | 490/1 | €1,042 | €347 | -€694 | -66.6% |
| Total equity and liabilities | 10/49 | €412,837 | €403,985 | -€8,852 | -2.1% |
| Equity | 10/15 | -€11,316 | -€11,936 | -€621 | -5.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,316 | -€14,936 | -€621 | -4.3% |
| Amounts payable | 17/49 | €424,153 | €415,921 | -€8,232 | -1.9% |
| Amounts payable after more than one year | 17 | €300,830 | €299,180 | -€1,650 | -0.5% |
| Financial debts | 170/4 | €296,000 | €296,000 | = | 0.0% |
| Other amounts payable | 178/9 | €4,830 | €3,180 | -€1,650 | -34.2% |
| Amounts payable within one year | 42/48 | €122,673 | €115,992 | -€6,682 | -5.4% |
| Trade debts | 44 | €114 | €1,233 | +€1,118 | +980.3% |
| Suppliers | 440/4 | €114 | €1,233 | +€1,118 | +980.3% |
| Other amounts payable | 47/48 | €122,559 | €114,759 | -€7,800 | -6.4% |
| Accrued charges and deferred income | 492/3 | €650 | €750 | +€100 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,711 | €12,183 | +€472 | +4.0% |
| Other operating charges | 640/8 | €2,669 | €2,752 | +€83 | +3.1% |
| Gross operating margin | 9900 | €21,153 | €21,564 | +€411 | +1.9% |
| Operating profit (loss) | 9901 | €6,774 | €6,629 | -€145 | -2.1% |
| Financial charges | 65/66B | €7,248 | €7,250 | +€2 | 0.0% |
| Recurring financial charges | 65 | €7,248 | €7,250 | +€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€474 | -€621 | -€146 | -30.8% |
| Profit (loss) for the period | 9904 | -€474 | -€621 | -€146 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€474 | -€621 | -€146 | -30.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.