psp communications: 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 communications
Largest movements
- Cash +€124,725
up €124,725 (+72.8%), from €171,232 to €295,957
mainly Net result for the year (+€160,865) and Depreciation (+€27,656)
- Receivables within one year +€24,616
up €24,616 (+13.4%), from €183,957 to €208,573
of which Other amounts receivable: +€51,972
- Profit (loss) carried forward +€159,328
up €159,328 (+65.2%), from €244,238 to €403,566
- Other debts -€20,323
down €20,323 (-93.0%), from €21,860 to €1,537
- Tax, wage and social debts +€16,913
up €16,913 (+36.8%), from €45,967 to €62,880
of which Taxes: +€16,638
- Gross operating margin +€52,113
up €52,113 (+18.1%), from €287,566 to €339,679
- Staff costs -€33,527
down €33,527 (-27.6%), from €121,439 to €87,913
- Taxes +€11,470
up €11,470 (+23.7%), from €48,414 to €59,885
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 | €454,810 | €605,932 | +€151,122 | +33.2% |
| Fixed assets | 21/28 | €91,610 | €90,506 | -€1,104 | -1.2% |
| Intangible fixed assets | 21 | €9,341 | €7,484 | -€1,857 | -19.9% |
| Tangible fixed assets | 22/27 | €82,268 | €83,022 | +€754 | +0.9% |
| Land and buildings | 22 | €39,032 | €58,819 | +€19,787 | +50.7% |
| Plant, machinery and equipment | 23 | €16,622 | €13,736 | -€2,886 | -17.4% |
| Furniture and vehicles | 24 | €13,215 | €10,467 | -€2,748 | -20.8% |
| Other tangible fixed assets | 26 | €13,400 | - | -€13,400 | |
| Current assets | 29/58 | €363,200 | €515,426 | +€152,225 | +41.9% |
| Amounts receivable within one year | 40/41 | €183,957 | €208,573 | +€24,616 | +13.4% |
| Trade receivables | 40 | €179,377 | €152,021 | -€27,356 | -15.3% |
| Other amounts receivable | 41 | €4,580 | €56,552 | +€51,972 | +1,135% |
| Cash at bank and in hand | 54/58 | €171,232 | €295,957 | +€124,725 | +72.8% |
| Deferred charges and accrued income | 490/1 | €8,012 | €10,896 | +€2,885 | +36.0% |
| Total equity and liabilities | 10/49 | €454,810 | €605,932 | +€151,122 | +33.2% |
| Equity | 10/15 | €297,803 | €457,131 | +€159,328 | +53.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €34,973 | €34,973 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,114 | €33,114 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,238 | €403,566 | +€159,328 | +65.2% |
| Amounts payable | 17/49 | €157,007 | €148,801 | -€8,206 | -5.2% |
| Amounts payable within one year | 42/48 | €157,007 | €148,801 | -€8,206 | -5.2% |
| Trade debts | 44 | €89,180 | €84,384 | -€4,796 | -5.4% |
| Suppliers | 440/4 | €89,180 | €84,384 | -€4,796 | -5.4% |
| Taxes, remuneration and social security | 45 | €45,967 | €62,880 | +€16,913 | +36.8% |
| Taxes | 450/3 | €37,789 | €54,427 | +€16,638 | +44.0% |
| Remuneration and social security | 454/9 | €8,178 | €8,453 | +€275 | +3.4% |
| Other amounts payable | 47/48 | €21,860 | €1,537 | -€20,323 | -93.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,333 | +€1,333 | |
| Remuneration, social security and pensions | 62 | €121,439 | €87,913 | -€33,527 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,720 | €27,656 | -€2,064 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€596 | - | +€596 | |
| Other operating charges | 640/8 | €1,251 | €984 | -€267 | -21.3% |
| Non-recurring operating charges | 66A | €1,427 | €400 | -€1,027 | -72.0% |
| Gross operating margin | 9900 | €287,566 | €339,679 | +€52,113 | +18.1% |
| Operating profit (loss) | 9901 | €134,324 | €222,726 | +€88,401 | +65.8% |
| Financial income | 75/76B | €139 | €308 | +€168 | +121% |
| Recurring financial income | 75 | €139 | €308 | +€168 | +121% |
| Financial charges | 65/66B | €2,605 | €2,284 | -€321 | -12.3% |
| Recurring financial charges | 65 | €2,605 | €2,284 | -€321 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €131,859 | €220,750 | +€88,891 | +67.4% |
| Income taxes | 67/77 | €48,414 | €59,885 | +€11,470 | +23.7% |
| Profit (loss) for the period | 9904 | €83,444 | €160,865 | +€77,421 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,444 | €160,865 | +€77,421 | +92.8% |
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 24 October 2026 via checked.be.