PSMT RENOVATION: 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.
PSMT RENOVATION
Largest movements
- Cash +€69,488
up €69,488 (+156%), from €44,559 to €114,047
mainly Net result for the year (+€50,516) and Tax, wage and social debts (+€14,433)
- Tangible fixed assets -€2,850
down €2,850 (-25.5%), from €11,163 to €8,313
- Profit (loss) carried forward +€50,516
up €50,516 (+120%), from €42,126 to €92,642
- Tax, wage and social debts +€14,433
up €14,433 (+132%), from €10,956 to €25,389
of which Taxes: +€12,900
- Other debts +€1,550
new in 2025: €1,550
- Gross operating margin +€74,337
up €74,337 (+139%), from €53,647 to €127,983
- Staff costs +€60,324
up €60,324 (+28,967%), from €208 to €60,532
- Depreciation +€2,613
up €2,613 (+1,100%), from €238 to €2,850
- Taxes +€1,594
up €1,594 (+14.6%), from €10,956 to €12,550
- Other operating charges +€1,325
up €1,325 (+1,301%), from €102 to €1,427
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 | €58,903 | €125,862 | +€66,958 | +114% |
| Fixed assets | 21/28 | €11,220 | €8,370 | -€2,850 | -25.4% |
| Tangible fixed assets | 22/27 | €11,163 | €8,313 | -€2,850 | -25.5% |
| Furniture and vehicles | 24 | €11,163 | €8,313 | -€2,850 | -25.5% |
| Financial fixed assets | 28 | €57 | €57 | = | 0.0% |
| Current assets | 29/58 | €47,684 | €117,492 | +€69,808 | +146% |
| Amounts receivable within one year | 40/41 | €3,027 | €3,358 | +€331 | +10.9% |
| Trade receivables | 40 | - | €467 | +€467 | |
| Other amounts receivable | 41 | €3,027 | €2,891 | -€136 | -4.5% |
| Cash at bank and in hand | 54/58 | €44,559 | €114,047 | +€69,488 | +156% |
| Deferred charges and accrued income | 490/1 | €97 | €87 | -€11 | -10.9% |
| Total equity and liabilities | 10/49 | €58,903 | €125,862 | +€66,958 | +114% |
| Equity | 10/15 | €44,126 | €94,642 | +€50,516 | +114% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,126 | €92,642 | +€50,516 | +120% |
| Amounts payable | 17/49 | €14,777 | €31,219 | +€16,442 | +111% |
| Amounts payable within one year | 42/48 | €14,676 | €31,174 | +€16,499 | +112% |
| Trade debts | 44 | €3,720 | €4,235 | +€515 | +13.9% |
| Suppliers | 440/4 | €3,720 | €4,235 | +€515 | +13.9% |
| Taxes, remuneration and social security | 45 | €10,956 | €25,389 | +€14,433 | +132% |
| Taxes | 450/3 | €10,956 | €23,856 | +€12,900 | +118% |
| Remuneration and social security | 454/9 | - | €1,533 | +€1,533 | |
| Other amounts payable | 47/48 | - | €1,550 | +€1,550 | |
| Accrued charges and deferred income | 492/3 | €102 | €45 | -€57 | -55.9% |
| Remuneration, social security and pensions | 62 | €208 | €60,532 | +€60,324 | +28,967% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €2,850 | +€2,613 | +1,100% |
| Other operating charges | 640/8 | €102 | €1,427 | +€1,325 | +1,301% |
| Gross operating margin | 9900 | €53,647 | €127,983 | +€74,337 | +139% |
| Operating profit (loss) | 9901 | €53,099 | €63,174 | +€10,075 | +19.0% |
| Financial income | 75/76B | €1 | €21 | +€20 | +4,024% |
| Recurring financial income | 75 | €1 | €21 | +€20 | +4,024% |
| Financial charges | 65/66B | €18 | €128 | +€110 | +615% |
| Recurring financial charges | 65 | €18 | €128 | +€110 | +615% |
| Profit (loss) for the period before taxes | 9903 | €53,082 | €63,067 | +€9,985 | +18.8% |
| Income taxes | 67/77 | €10,956 | €12,550 | +€1,594 | +14.6% |
| Profit (loss) for the period | 9904 | €42,126 | €50,516 | +€8,390 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,126 | €50,516 | +€8,390 | +19.9% |
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 19 October 2026 via checked.be.