PSP: 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.
PSP
Largest movements
- Receivables within one year +€53,723
up €53,723 (+6.2%), from €869,782 to €923,506
of which Trade receivables: +€57,863
- Cash -€50,532
down €50,532 (-60.4%), from €83,723 to €33,190
mainly Receivables within one year (-€53,723)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€59,192
down €59,192 (-93.6%), from €63,219 to €4,027
- Taxes -€14,846
down €14,846 (-93.6%), from €15,860 to €1,014
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €953,505 | €956,696 | +€3,191 | +0.3% |
| Current assets | 29/58 | €953,505 | €956,696 | +€3,191 | +0.3% |
| Amounts receivable within one year | 40/41 | €869,782 | €923,506 | +€53,723 | +6.2% |
| Trade receivables | 40 | €865,643 | €923,506 | +€57,863 | +6.7% |
| Other amounts receivable | 41 | €4,140 | €0 | -€4,140 | -100.0% |
| Cash at bank and in hand | 54/58 | €83,723 | €33,190 | -€50,532 | -60.4% |
| Total equity and liabilities | 10/49 | €953,505 | €956,696 | +€3,191 | +0.3% |
| Equity | 10/15 | €952,119 | €954,899 | +€2,781 | +0.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €931,714 | €934,494 | +€2,781 | +0.3% |
| Amounts payable | 17/49 | €1,386 | €1,797 | +€410 | +29.6% |
| Amounts payable within one year | 42/48 | €1,386 | €1,797 | +€410 | +29.6% |
| Trade debts | 44 | €740 | €932 | +€192 | +25.9% |
| Suppliers | 440/4 | €740 | €932 | +€192 | +25.9% |
| Taxes, remuneration and social security | 45 | €647 | €865 | +€218 | +33.8% |
| Taxes | 450/3 | €647 | €865 | +€218 | +33.8% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €63,219 | €4,027 | -€59,192 | -93.6% |
| Operating profit (loss) | 9901 | €63,093 | €3,899 | -€59,194 | -93.8% |
| Financial charges | 65/66B | €486 | €104 | -€382 | -78.6% |
| Recurring financial charges | 65 | €486 | €104 | -€382 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €62,607 | €3,795 | -€58,812 | -93.9% |
| Income taxes | 67/77 | €15,860 | €1,014 | -€14,846 | -93.6% |
| Profit (loss) for the period | 9904 | €46,746 | €2,781 | -€43,966 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,746 | €2,781 | -€43,966 | -94.1% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.