PSPARADIS: 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.
PSPARADIS
Largest movements
- Cash +€35,411
up €35,411 (+875%), from €4,045 to €39,456
mainly Net result for the year (+€36,192) and Depreciation (+€26,939)
- Tangible fixed assets -€25,362
down €25,362 (-16.7%), from €152,074 to €126,711
- Deferred charges and accrued income +€2,433
up €2,433 (+65.7%), from €3,704 to €6,137
- Profit (loss) carried forward +€35,359
up €35,359, from -€24,070 to €11,288
- Debts after one year -€25,493
down €25,493 (-24.0%), from €106,333 to €80,840
- Tax, wage and social debts +€6,191
up €6,191 (+80.2%), from €7,722 to €13,913
of which Taxes: +€5,400
- Other debts -€4,327
down €4,327 (-19.6%), from €22,130 to €17,803
- Gross operating margin +€72,577
up €72,577 (+111%), from €65,418 to €137,995
- Taxes +€5,966
up €5,966 (+3,183%), from €187 to €6,154
- Staff costs +€3,998
up €3,998 (+7.5%), from €53,319 to €57,317
- Depreciation +€1,955
up €1,955 (+7.8%), from €24,984 to €26,939
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 | €170,845 | €182,638 | +€11,793 | +6.9% |
| Formation expenses | 20 | €1,083 | €506 | -€577 | -53.3% |
| Fixed assets | 21/28 | €156,019 | €129,657 | -€26,362 | -16.9% |
| Intangible fixed assets | 21 | €3,945 | €2,945 | -€1,000 | -25.3% |
| Tangible fixed assets | 22/27 | €152,074 | €126,711 | -€25,362 | -16.7% |
| Plant, machinery and equipment | 23 | €5,528 | €3,685 | -€1,843 | -33.3% |
| Furniture and vehicles | 24 | €58,319 | €45,860 | -€12,458 | -21.4% |
| Leasing and similar rights | 25 | €3,069 | €1,524 | -€1,545 | -50.3% |
| Other tangible fixed assets | 26 | €85,159 | €75,642 | -€9,517 | -11.2% |
| Current assets | 29/58 | €13,743 | €52,475 | +€38,732 | +282% |
| Stocks and contracts in progress | 3 | €1,902 | €2,586 | +€684 | +36.0% |
| Stocks | 30/36 | €1,902 | €2,586 | +€684 | +36.0% |
| Amounts receivable within one year | 40/41 | €4,092 | €4,296 | +€204 | +5.0% |
| Trade receivables | 40 | €4,092 | €4,296 | +€204 | +5.0% |
| Cash at bank and in hand | 54/58 | €4,045 | €39,456 | +€35,411 | +875% |
| Deferred charges and accrued income | 490/1 | €3,704 | €6,137 | +€2,433 | +65.7% |
| Total equity and liabilities | 10/49 | €170,845 | €182,638 | +€11,793 | +6.9% |
| Equity | 10/15 | -€4,070 | €31,288 | +€35,359 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,070 | €11,288 | +€35,359 | |
| Amounts payable | 17/49 | €174,915 | €151,350 | -€23,566 | -13.5% |
| Amounts payable after more than one year | 17 | €106,333 | €80,840 | -€25,493 | -24.0% |
| Financial debts | 170/4 | €106,333 | €80,840 | -€25,493 | -24.0% |
| Amounts payable within one year | 42/48 | €68,582 | €70,510 | +€1,928 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €24,135 | €25,811 | +€1,675 | +6.9% |
| Trade debts | 44 | €14,594 | €12,982 | -€1,612 | -11.0% |
| Suppliers | 440/4 | €14,594 | €12,982 | -€1,612 | -11.0% |
| Taxes, remuneration and social security | 45 | €7,722 | €13,913 | +€6,191 | +80.2% |
| Taxes | 450/3 | €2,956 | €8,357 | +€5,400 | +183% |
| Remuneration and social security | 454/9 | €4,766 | €5,557 | +€791 | +16.6% |
| Other amounts payable | 47/48 | €22,130 | €17,803 | -€4,327 | -19.6% |
| Remuneration, social security and pensions | 62 | €53,319 | €57,317 | +€3,998 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,984 | €26,939 | +€1,955 | +7.8% |
| Other operating charges | 640/8 | €1,084 | €2,199 | +€1,115 | +103% |
| Gross operating margin | 9900 | €65,418 | €137,995 | +€72,577 | +111% |
| Operating profit (loss) | 9901 | -€13,970 | €51,540 | +€65,509 | |
| Financial income | 75/76B | €42 | €14 | -€28 | -66.9% |
| Recurring financial income | 75 | €42 | €14 | -€28 | -66.9% |
| Financial charges | 65/66B | €9,955 | €9,208 | -€747 | -7.5% |
| Recurring financial charges | 65 | €9,955 | €9,208 | -€747 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,883 | €42,345 | +€66,228 | |
| Income taxes | 67/77 | €187 | €6,154 | +€5,966 | +3,183% |
| Profit (loss) for the period | 9904 | -€24,070 | €36,192 | +€60,262 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,070 | €36,192 | +€60,262 |
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 14 October 2026 via checked.be.