PSR CONSTRUCTION: what changed
Two fiscal 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 CONSTRUCTION
Largest movements
- Cash +€148,801
up €148,801 (+297.0%), from €50,097 to €198,898
mainly Net result for the year (+€120,227) and Receivables within one year (+€18,987)
- Receivables within one year -€18,987
down €18,987 (-89.9%), from €21,114 to €2,127
of which Trade receivables: -€20,007
- Profit (loss) carried forward +€120,227
up €120,227 (+216.4%), from €55,551 to €175,778
- Tax, wage and social debts +€8,863
up €8,863 (+80.5%), from €11,017 to €19,881
- Gross operating margin +€89,482
up €89,482 (+128.8%), from €69,462 to €158,944
- Taxes +€22,494
up €22,494 (+161.9%), from €13,893 to €36,387
- Financial charges +€2,330
new in 2025: €2,330
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 | €71,211 | €201,025 | +€129,814 | +182.3% |
| Current assets | 29/58 | €71,211 | €201,025 | +€129,814 | +182.3% |
| Amounts receivable within one year | 40/41 | €21,114 | €2,127 | -€18,987 | -89.9% |
| Trade receivables | 40 | €20,007 | - | -€20,007 | |
| Other amounts receivable | 41 | €1,107 | €2,127 | +€1,020 | +92.2% |
| Cash at bank and in hand | 54/58 | €50,097 | €198,898 | +€148,801 | +297.0% |
| Total equity and liabilities | 10/49 | €71,211 | €201,025 | +€129,814 | +182.3% |
| Equity | 10/15 | €58,551 | €178,778 | +€120,227 | +205.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,551 | €175,778 | +€120,227 | +216.4% |
| Amounts payable | 17/49 | €12,660 | €22,247 | +€9,587 | +75.7% |
| Amounts payable within one year | 42/48 | €12,660 | €22,247 | +€9,587 | +75.7% |
| Trade debts | 44 | - | €1,734 | +€1,734 | |
| Suppliers | 440/4 | - | €1,734 | +€1,734 | |
| Taxes, remuneration and social security | 45 | €11,017 | €19,881 | +€8,863 | +80.5% |
| Taxes | 450/3 | €11,017 | €19,881 | +€8,863 | +80.5% |
| Other amounts payable | 47/48 | €1,643 | €633 | -€1,010 | -61.5% |
| Remuneration, social security and pensions | 62 | €18 | - | -€18 | |
| Gross operating margin | 9900 | €69,462 | €158,944 | +€89,482 | +128.8% |
| Operating profit (loss) | 9901 | €69,444 | €158,944 | +€89,500 | +128.9% |
| Financial charges | 65/66B | - | €2,330 | +€2,330 | |
| Recurring financial charges | 65 | - | €2,330 | +€2,330 | |
| Profit (loss) for the period before taxes | 9903 | €69,444 | €156,614 | +€87,171 | +125.5% |
| Income taxes | 67/77 | €13,893 | €36,387 | +€22,494 | +161.9% |
| Profit (loss) for the period | 9904 | €55,551 | €120,227 | +€64,676 | +116.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,551 | €120,227 | +€64,676 | +116.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.