PSRS: 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.
PSRS
Largest movements
- Tangible fixed assets -€4,163
down €4,163 (-61.8%), from €6,740 to €2,576
of which Land and buildings: -€3,431
- Intangible fixed assets -€3,500
down €3,500 (-11.1%), from €31,490 to €27,990
- Stocks and contracts +€1,757
up €1,757 (+13.5%), from €12,991 to €14,748
- Receivables within one year -€1,755
down €1,755 (-12.4%), from €14,141 to €12,386
of which Trade receivables: -€4,660
- Deferred charges and accrued income +€1,077
up €1,077 (+85.8%), from €1,254 to €2,331
- Profit (loss) carried forward -€8,261
down €8,261 (-54.1%), from €15,257 to €6,995
- Other debts -€2,040
down €2,040 (-4.3%), from €47,254 to €45,214
- Tax, wage and social debts +€1,919
up €1,919 (+52.7%), from €3,642 to €5,561
of which Remuneration and social security: +€3,327
- Trade debts +€1,236
up €1,236 (+63.3%), from €1,953 to €3,188
- Gross operating margin -€13,507
down €13,507 (-71.8%), from €18,814 to €5,308
- Other operating charges +€3,769
up €3,769 (+914%), from €412 to €4,181
- Taxes -€3,515
down €3,515 (-100%), from €3,515 to €0
- Depreciation -€1,095
down €1,095 (-18.3%), from €5,993 to €4,898
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 | €70,868 | €63,551 | -€7,316 | -10.3% |
| Fixed assets | 21/28 | €38,230 | €30,567 | -€7,663 | -20.0% |
| Intangible fixed assets | 21 | €31,490 | €27,990 | -€3,500 | -11.1% |
| Tangible fixed assets | 22/27 | €6,740 | €2,576 | -€4,163 | -61.8% |
| Land and buildings | 22 | €3,431 | €0 | -€3,431 | -100% |
| Furniture and vehicles | 24 | €3,308 | €2,576 | -€732 | -22.1% |
| Current assets | 29/58 | €32,638 | €32,985 | +€347 | +1.1% |
| Stocks and contracts in progress | 3 | €12,991 | €14,748 | +€1,757 | +13.5% |
| Stocks | 30/36 | €12,991 | €14,748 | +€1,757 | +13.5% |
| Amounts receivable within one year | 40/41 | €14,141 | €12,386 | -€1,755 | -12.4% |
| Trade receivables | 40 | €6,776 | €2,116 | -€4,660 | -68.8% |
| Other amounts receivable | 41 | €7,366 | €10,270 | +€2,905 | +39.4% |
| Cash at bank and in hand | 54/58 | €4,251 | €3,519 | -€732 | -17.2% |
| Deferred charges and accrued income | 490/1 | €1,254 | €2,331 | +€1,077 | +85.8% |
| Total equity and liabilities | 10/49 | €70,868 | €63,551 | -€7,316 | -10.3% |
| Equity | 10/15 | €17,757 | €9,495 | -€8,261 | -46.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,257 | €6,995 | -€8,261 | -54.1% |
| Amounts payable | 17/49 | €53,111 | €54,056 | +€945 | +1.8% |
| Amounts payable within one year | 42/48 | €53,111 | €54,041 | +€930 | +1.8% |
| Financial debts | 43 | €262 | €77 | -€185 | -70.6% |
| Credit institutions | 430/8 | €262 | €77 | -€185 | -70.6% |
| Trade debts | 44 | €1,953 | €3,188 | +€1,236 | +63.3% |
| Suppliers | 440/4 | €1,953 | €3,188 | +€1,236 | +63.3% |
| Taxes, remuneration and social security | 45 | €3,642 | €5,561 | +€1,919 | +52.7% |
| Taxes | 450/3 | €3,642 | €2,234 | -€1,408 | -38.7% |
| Remuneration and social security | 454/9 | €0 | €3,327 | +€3,327 | |
| Other amounts payable | 47/48 | €47,254 | €45,214 | -€2,040 | -4.3% |
| Accrued charges and deferred income | 492/3 | €0 | €15 | +€15 | +5,727% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,993 | €4,898 | -€1,095 | -18.3% |
| Other operating charges | 640/8 | €412 | €4,181 | +€3,769 | +914% |
| Gross operating margin | 9900 | €18,814 | €5,308 | -€13,507 | -71.8% |
| Operating profit (loss) | 9901 | €12,409 | -€3,772 | -€16,181 | |
| Financial income | 75/76B | €22 | €5 | -€17 | -75.7% |
| Recurring financial income | 75 | €22 | €5 | -€17 | -75.7% |
| Financial charges | 65/66B | €542 | €672 | +€130 | +24.0% |
| Recurring financial charges | 65 | €542 | €672 | +€130 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €11,890 | -€4,438 | -€16,328 | |
| Income taxes | 67/77 | €3,515 | €0 | -€3,515 | -100% |
| Profit (loss) for the period | 9904 | €8,375 | -€4,438 | -€12,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,375 | -€4,438 | -€12,812 |
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 13 October 2026 via checked.be.