PSN MANAGEMENT: 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.
PSN MANAGEMENT
Largest movements
- Receivables within one year +€124,011
up €124,011 (+8864.3%), from €1,399 to €125,410
of which Other amounts receivable: +€115,662
- Cash -€73,081
down €73,081 (-47.0%), from €155,365 to €82,284
mainly Receivables within one year (-€124,011) and Tax, wage and social debts (-€2,253)
- Other debts +€46,491
up €46,491 (+92.4%), from €50,321 to €96,812
- Profit (loss) carried forward +€3,992
no longer reported in 2025 (was -€3,992)
- Gross operating margin +€6,165
up €6,165, from -€4,675 to €1,490
- Financial income +€4,703
up €4,703 (+1066.8%), from €441 to €5,144
- Taxes +€1,008
new in 2025: €1,008
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 | €207,923 | €258,853 | +€50,931 | +24.5% |
| Fixed assets | 21/28 | €51,158 | €51,158 | = | 0.0% |
| Financial fixed assets | 28 | €51,158 | €51,158 | = | 0.0% |
| Current assets | 29/58 | €156,764 | €207,695 | +€50,931 | +32.5% |
| Amounts receivable within one year | 40/41 | €1,399 | €125,410 | +€124,011 | +8864.3% |
| Trade receivables | 40 | - | €8,349 | +€8,349 | |
| Other amounts receivable | 41 | €1,399 | €117,061 | +€115,662 | +8267.5% |
| Cash at bank and in hand | 54/58 | €155,365 | €82,284 | -€73,081 | -47.0% |
| Total equity and liabilities | 10/49 | €207,923 | €258,853 | +€50,931 | +24.5% |
| Equity | 10/15 | €148,066 | €153,332 | +€5,266 | +3.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €133,508 | €134,782 | +€1,274 | +1.0% |
| Distributable reserves | 133 | €133,508 | €134,782 | +€1,274 | +1.0% |
| Profit (loss) carried forward | 14 | -€3,992 | - | +€3,992 | |
| Amounts payable | 17/49 | €59,856 | €105,521 | +€45,665 | +76.3% |
| Amounts payable within one year | 42/48 | €59,856 | €105,521 | +€45,665 | +76.3% |
| Trade debts | 44 | €5,774 | €7,200 | +€1,426 | +24.7% |
| Suppliers | 440/4 | €5,774 | €7,200 | +€1,426 | +24.7% |
| Taxes, remuneration and social security | 45 | €3,762 | €1,509 | -€2,253 | -59.9% |
| Taxes | 450/3 | €3,762 | €1,509 | -€2,253 | -59.9% |
| Other amounts payable | 47/48 | €50,321 | €96,812 | +€46,491 | +92.4% |
| Other operating charges | 640/8 | €216 | €219 | +€4 | +1.7% |
| Gross operating margin | 9900 | -€4,675 | €1,490 | +€6,165 | |
| Operating profit (loss) | 9901 | -€4,891 | €1,271 | +€6,162 | |
| Financial income | 75/76B | €441 | €5,144 | +€4,703 | +1066.8% |
| Recurring financial income | 75 | €441 | €5,144 | +€4,703 | +1066.8% |
| Financial charges | 65/66B | €162 | €141 | -€21 | -13.2% |
| Recurring financial charges | 65 | €162 | €141 | -€21 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,612 | €6,274 | +€10,886 | |
| Income taxes | 67/77 | - | €1,008 | +€1,008 | |
| Profit (loss) for the period | 9904 | -€4,612 | €5,266 | +€9,878 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,612 | €5,266 | +€9,878 |
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 5 October 2026 via checked.be.