PSR 2850: 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.
PSR 2850
Largest movements
- Stocks and contracts +€84,952
up €84,952 (+46.8%), from €181,523 to €266,475
- Cash +€39,322
up €39,322 (+30.6%), from €128,664 to €167,986
mainly Net result for the year (+€97,124) and Tax, wage and social debts (+€25,000)
- Profit (loss) carried forward +€92,268
up €92,268 (+29.7%), from €310,177 to €402,445
- Tax, wage and social debts +€25,000
up €25,000 (+250%), from €10,000 to €35,000
- Gross operating margin -€756,779
down €756,779 (-88.1%), from €859,377 to €102,598
- Taxes -€77,515
down €77,515 (-70.7%), from €109,675 to €32,159
- Financial charges -€22,620
down €22,620 (-97.7%), from €23,145 to €525
- Financial income +€18,362
up €18,362 (+184%), from €9,990 to €28,352
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 | €1,219,177 | €1,341,103 | +€121,926 | +10.0% |
| Current assets | 29/58 | €1,219,177 | €1,341,103 | +€121,926 | +10.0% |
| Stocks and contracts in progress | 3 | €181,523 | €266,475 | +€84,952 | +46.8% |
| Contracts in progress | 37 | €181,523 | €266,475 | +€84,952 | +46.8% |
| Amounts receivable within one year | 40/41 | €908,990 | €906,642 | -€2,348 | -0.3% |
| Other amounts receivable | 41 | €908,990 | €906,642 | -€2,348 | -0.3% |
| Cash at bank and in hand | 54/58 | €128,664 | €167,986 | +€39,322 | +30.6% |
| Total equity and liabilities | 10/49 | €1,219,177 | €1,341,103 | +€121,926 | +10.0% |
| Equity | 10/15 | €1,208,979 | €1,306,103 | +€97,124 | +8.0% |
| Contributions | 10/11 | €862,030 | €862,030 | = | 0.0% |
| Capital | 10 | €862,030 | €862,030 | = | 0.0% |
| Issued capital | 100 | €862,030 | €862,030 | = | 0.0% |
| Reserves | 13 | €36,772 | €41,628 | +€4,856 | +13.2% |
| Non-distributable reserves | 130/1 | €36,772 | €41,628 | +€4,856 | +13.2% |
| Legal reserve | 130 | €36,772 | €41,628 | +€4,856 | +13.2% |
| Profit (loss) carried forward | 14 | €310,177 | €402,445 | +€92,268 | +29.7% |
| Amounts payable | 17/49 | €10,198 | €35,000 | +€24,802 | +243% |
| Amounts payable within one year | 42/48 | €10,198 | €35,000 | +€24,802 | +243% |
| Trade debts | 44 | €198 | - | -€198 | |
| Suppliers | 440/4 | €198 | - | -€198 | |
| Taxes, remuneration and social security | 45 | €10,000 | €35,000 | +€25,000 | +250% |
| Taxes | 450/3 | €10,000 | €35,000 | +€25,000 | +250% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €859,377 | €102,598 | -€756,779 | -88.1% |
| Operating profit (loss) | 9901 | €858,269 | €101,456 | -€756,813 | -88.2% |
| Financial income | 75/76B | €9,990 | €28,352 | +€18,362 | +184% |
| Recurring financial income | 75 | €9,990 | €28,352 | +€18,362 | +184% |
| Financial charges | 65/66B | €23,145 | €525 | -€22,620 | -97.7% |
| Recurring financial charges | 65 | €23,145 | €525 | -€22,620 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €845,115 | €129,283 | -€715,832 | -84.7% |
| Income taxes | 67/77 | €109,675 | €32,159 | -€77,515 | -70.7% |
| Profit (loss) for the period | 9904 | €735,441 | €97,124 | -€638,317 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €735,441 | €97,124 | -€638,317 | -86.8% |
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 21 October 2026 via checked.be.