PSS Holding: 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.
What changed
PSS Holding
NACE 70.100, Activities of head offices
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€4.9m
31-12-2024 · €5.9m-€997,124
Equity
€44.8m
31-12-2024 · €39.9m+€4.9m
Cash
€865,495
31-12-2024 · €6.3m-€5.5m
Balance sheet total
€70.4m
31-12-2024 · €77.8m-€7.4m
Largest movements
Assets
- Cash -€5.5m
down €5.5m (-86.3%), from €6.3m to €865,495
mainly Debts after one year (-€6.0m) and Current portion of long-term debt (-€6.0m)
- Receivables within one year -€1.9m
down €1.9m (-43.4%), from €4.4m to €2.5m
of which Trade receivables: -€1.7m
Equity and liabilities
- Debts after one year -€6.0m
down €6.0m (-20.0%), from €30.0m to €24.0m
- Current portion of long-term debt -€6.0m
no longer reported in 2025 (was €6.0m)
- Profit (loss) carried forward +€4.6m
up €4.6m (+88.1%), from €5.3m to €9.9m
Income statement
- Services and other goods +€1.1m
up €1.1m (+32.3%), from €3.5m to €4.6m
- Other operating income +€847,555
up €847,555 (+19.9%), from €4.3m to €5.1m
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€5.9m
Other operating charges
-€694
Other operating items
-€275,461
Financial income
-€618,552
Financial charges
-€98,950
Taxes
-€3,467
Result 31-12-2025
€4.9m
lowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6.5m
Investment
€0
Financing
-€12.0m
Cash 31-12-2024
€6.3m
From operations (derived)
+€6.5m
Net result for the year
+€4.9m
Receivables within one year
+€1.9m
Trade debts
+€177,930
Tax, wage and social debts
-€165,865
Other debts
-€10,000
Accrued charges and deferred income
-€255,601
Financing
-€12.0m
Debts after one year
-€6.0m
Current portion of long-term debt
-€6.0m
Cash 31-12-2025
€865,495
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,752,909 | €70,373,663 | -€7.4m | -9.5% |
| Fixed assets | 21/28 | €67,000,000 | €67,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €67,000,000 | €67,000,000 | = | 0.0% |
| Affiliated companies | 280/1 | €67,000,000 | €67,000,000 | = | 0.0% |
| Participating interests | 280 | €67,000,000 | €67,000,000 | = | 0.0% |
| Current assets | 29/58 | €10,752,909 | €3,373,663 | -€7.4m | -68.6% |
| Amounts receivable within one year | 40/41 | €4,433,124 | €2,508,168 | -€1.9m | -43.4% |
| Trade receivables | 40 | €4,232,722 | €2,508,168 | -€1.7m | -40.7% |
| Other amounts receivable | 41 | €200,402 | - | -€200,402 | |
| Cash at bank and in hand | 54/58 | €6,319,785 | €865,495 | -€5.5m | -86.3% |
| Total equity and liabilities | 10/49 | €77,752,909 | €70,373,663 | -€7.4m | -9.5% |
| Equity | 10/15 | €39,936,433 | €44,810,724 | +€4.9m | +12.2% |
| Contributions | 10/11 | €32,458,500 | €32,458,500 | = | 0.0% |
| Capital | 10 | €32,458,500 | €32,458,500 | = | 0.0% |
| Issued capital | 100 | €32,458,500 | €32,458,500 | = | 0.0% |
| Reserves | 13 | €2,220,086 | €2,463,801 | +€243,715 | +11.0% |
| Non-distributable reserves | 130/1 | €2,220,086 | €2,463,801 | +€243,715 | +11.0% |
| Legal reserve | 130 | €2,220,086 | €2,463,801 | +€243,715 | +11.0% |
| Profit (loss) carried forward | 14 | €5,257,847 | €9,888,423 | +€4.6m | +88.1% |
| Amounts payable | 17/49 | €37,816,475 | €25,562,939 | -€12.3m | -32.4% |
| Amounts payable after more than one year | 17 | €30,000,000 | €24,000,000 | -€6.0m | -20.0% |
| Financial debts | 170/4 | €30,000,000 | €24,000,000 | -€6.0m | -20.0% |
| Credit institutions | 173 | €30,000,000 | €24,000,000 | -€6.0m | -20.0% |
| Amounts payable within one year | 42/48 | €7,284,886 | €1,286,950 | -€6.0m | -82.3% |
| Current portion of amounts payable after more than one year | 42 | €6,000,000 | - | -€6.0m | |
| Trade debts | 44 | €1,007,615 | €1,185,545 | +€177,930 | +17.7% |
| Suppliers | 440/4 | €1,007,615 | €1,185,545 | +€177,930 | +17.7% |
| Taxes, remuneration and social security | 45 | €267,270 | €101,405 | -€165,865 | -62.1% |
| Taxes | 450/3 | €267,270 | €101,405 | -€165,865 | -62.1% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Accrued charges and deferred income | 492/3 | €531,590 | €275,989 | -€255,601 | -48.1% |
| Operating income | 70/76A | €4,265,113 | €5,112,668 | +€847,555 | +19.9% |
| Other operating income | 74 | €4,265,113 | €5,112,668 | +€847,555 | +19.9% |
| Operating charges | 60/66A | €3,502,680 | €4,626,390 | +€1.1m | +32.1% |
| Services and other goods | 61 | €3,471,518 | €4,594,534 | +€1.1m | +32.3% |
| Other operating charges | 640/8 | €31,163 | €31,857 | +€694 | +2.2% |
| Operating profit (loss) | 9901 | €762,433 | €486,278 | -€276,155 | -36.2% |
| Financial income | 75/76B | €6,649,781 | €6,031,230 | -€618,552 | -9.3% |
| Recurring financial income | 75 | €6,649,781 | €6,031,230 | -€618,552 | -9.3% |
| Income from financial fixed assets | 750 | €6,000,000 | €6,000,000 | = | 0.0% |
| Other financial income | 752/9 | €649,781 | €31,230 | -€618,552 | -95.2% |
| Financial charges | 65/66B | €1,540,800 | €1,639,749 | +€98,950 | +6.4% |
| Recurring financial charges | 65 | €1,540,800 | €1,639,749 | +€98,950 | +6.4% |
| Debt charges | 650 | €1,496,053 | €1,281,521 | -€214,532 | -14.3% |
| Other financial charges | 652/9 | €44,747 | €358,229 | +€313,482 | +701% |
| Profit (loss) for the period before taxes | 9903 | €5,871,414 | €4,877,758 | -€993,656 | -16.9% |
| Income taxes | 67/77 | - | €3,467 | +€3,467 | |
| Taxes | 670/3 | - | €3,467 | +€3,467 | |
| Profit (loss) for the period | 9904 | €5,871,414 | €4,874,290 | -€997,124 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,871,414 | €4,874,290 | -€997,124 | -17.0% |
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 25 October 2026 via checked.be.