PSPV: 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.
PSPV
Largest movements
- Cash -€3,060
down €3,060 (-10.3%), from €29,575 to €26,515
mainly Contributions, distributions and other (-€25,000) and Tax, wage and social debts (-€6,570)
- Current investments +€3,000
up €3,000 (+11.8%), from €25,498 to €28,497
- Receivables within one year +€1,564
up €1,564 (+52.6%), from €2,973 to €4,537
of which Trade receivables: +€2,593
- Other debts +€26,032
up €26,032 (+955.7%), from €2,724 to €28,755
- Reserves -€14,000
down €14,000 (-47.6%), from €29,383 to €15,383
- Tax, wage and social debts -€6,570
down €6,570 (-43.3%), from €15,159 to €8,589
of which Remuneration and social security: -€7,277
- Trade debts -€3,600
down €3,600 (-95.4%), from €3,775 to €175
- Gross operating margin +€12,020
up €12,020 (+1460.8%), from €823 to €12,843
- Taxes +€2,626
up €2,626 (+1045.8%), from €251 to €2,877
- Financial income +€295
up €295 (+44.4%), from €664 to €959
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 | €58,045 | €59,597 | +€1,551 | +2.7% |
| Current assets | 29/58 | €58,045 | €59,597 | +€1,551 | +2.7% |
| Amounts receivable within one year | 40/41 | €2,973 | €4,537 | +€1,564 | +52.6% |
| Trade receivables | 40 | €1,908 | €4,500 | +€2,593 | +135.9% |
| Other amounts receivable | 41 | €1,066 | €37 | -€1,029 | -96.6% |
| Current investments | 50/53 | €25,498 | €28,497 | +€3,000 | +11.8% |
| Cash at bank and in hand | 54/58 | €29,575 | €26,515 | -€3,060 | -10.3% |
| Deferred charges and accrued income | 490/1 | - | €48 | +€48 | |
| Total equity and liabilities | 10/49 | €58,045 | €59,597 | +€1,551 | +2.7% |
| Equity | 10/15 | €36,388 | €22,077 | -€14,311 | -39.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €29,383 | €15,383 | -€14,000 | -47.6% |
| Distributable reserves | 133 | €29,383 | €15,383 | -€14,000 | -47.6% |
| Profit (loss) carried forward | 14 | €1,004 | €694 | -€311 | -30.9% |
| Amounts payable | 17/49 | €21,658 | €37,520 | +€15,862 | +73.2% |
| Amounts payable within one year | 42/48 | €21,658 | €37,520 | +€15,862 | +73.2% |
| Trade debts | 44 | €3,775 | €175 | -€3,600 | -95.4% |
| Suppliers | 440/4 | €3,775 | €175 | -€3,600 | -95.4% |
| Taxes, remuneration and social security | 45 | €15,159 | €8,589 | -€6,570 | -43.3% |
| Taxes | 450/3 | €5,482 | €6,189 | +€707 | +12.9% |
| Remuneration and social security | 454/9 | €9,677 | €2,400 | -€7,277 | -75.2% |
| Other amounts payable | 47/48 | €2,724 | €28,755 | +€26,032 | +955.7% |
| Other operating charges | 640/8 | €190 | €194 | +€4 | +2.1% |
| Gross operating margin | 9900 | €823 | €12,843 | +€12,020 | +1460.8% |
| Operating profit (loss) | 9901 | €633 | €12,649 | +€12,016 | +1898.2% |
| Financial income | 75/76B | €664 | €959 | +€295 | +44.4% |
| Recurring financial income | 75 | €664 | €959 | +€295 | +44.4% |
| Financial charges | 65/66B | €42 | €42 | +€0 | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,255 | €13,566 | +€12,311 | +980.6% |
| Income taxes | 67/77 | €251 | €2,877 | +€2,626 | +1045.8% |
| Profit (loss) for the period | 9904 | €1,004 | €10,689 | +€9,685 | +964.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,004 | €10,689 | +€9,685 | +964.3% |
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 11 October 2026 via checked.be.