PST MANAGEMENT: 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.
PST MANAGEMENT
Largest movements
- Receivables within one year -€26,276
down €26,276 (-82.9%), from €31,705 to €5,429
of which Trade receivables: -€25,581
- Cash +€4,277
up €4,277 (+130%), from €3,293 to €7,570
mainly Receivables within one year (+€26,276) and Depreciation (+€4,556)
- Tangible fixed assets -€2,817
down €2,817 (-33.8%), from €8,340 to €5,523
of which Furniture and vehicles: -€2,817
- Receivables after one year +€2,500
up €2,500 (+11.1%), from €22,500 to €25,000
- Deferred charges and accrued income -€828
down €828 (-35.6%), from €2,328 to €1,500
- Profit (loss) carried forward -€19,670
down €19,670 (-36.7%), from €53,657 to €33,987
- Current portion of long-term debt -€2,747
no longer reported in 2025 (was €2,747)
- Trade debts -€786
down €786 (-37.1%), from €2,119 to €1,333
- Gross operating margin -€12,707
down €12,707, from €1,517 to -€11,190
- Other operating charges -€730
down €730 (-16.6%), from €4,392 to €3,663
- Financial income -€308
down €308 (-65.7%), from €469 to €161
- Depreciation +€281
up €281 (+6.6%), from €4,275 to €4,556
- Taxes -€131
down €131 (-47.6%), from €275 to €144
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 | €68,166 | €45,022 | -€23,144 | -34.0% |
| Fixed assets | 21/28 | €8,340 | €5,523 | -€2,817 | -33.8% |
| Tangible fixed assets | 22/27 | €8,340 | €5,523 | -€2,817 | -33.8% |
| Furniture and vehicles | 24 | €4,189 | €1,372 | -€2,817 | -67.3% |
| Other tangible fixed assets | 26 | €4,151 | €4,151 | = | 0.0% |
| Current assets | 29/58 | €59,826 | €39,499 | -€20,327 | -34.0% |
| Amounts receivable after more than one year | 29 | €22,500 | €25,000 | +€2,500 | +11.1% |
| Trade receivables | 290 | €22,500 | €25,000 | +€2,500 | +11.1% |
| Amounts receivable within one year | 40/41 | €31,705 | €5,429 | -€26,276 | -82.9% |
| Trade receivables | 40 | €31,010 | €5,429 | -€25,581 | -82.5% |
| Other amounts receivable | 41 | €695 | - | -€695 | |
| Cash at bank and in hand | 54/58 | €3,293 | €7,570 | +€4,277 | +130% |
| Deferred charges and accrued income | 490/1 | €2,328 | €1,500 | -€828 | -35.6% |
| Total equity and liabilities | 10/49 | €68,166 | €45,022 | -€23,144 | -34.0% |
| Equity | 10/15 | €56,117 | €36,447 | -€19,670 | -35.1% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,657 | €33,987 | -€19,670 | -36.7% |
| Amounts payable | 17/49 | €12,049 | €8,575 | -€3,474 | -28.8% |
| Amounts payable within one year | 42/48 | €12,049 | €8,575 | -€3,474 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €2,747 | - | -€2,747 | |
| Trade debts | 44 | €2,119 | €1,333 | -€786 | -37.1% |
| Suppliers | 440/4 | €2,119 | €1,333 | -€786 | -37.1% |
| Taxes, remuneration and social security | 45 | €409 | €595 | +€186 | +45.6% |
| Taxes | 450/3 | €409 | €595 | +€186 | +45.6% |
| Other amounts payable | 47/48 | €6,775 | €6,647 | -€128 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,275 | €4,556 | +€281 | +6.6% |
| Other operating charges | 640/8 | €4,392 | €3,663 | -€730 | -16.6% |
| Gross operating margin | 9900 | €1,517 | -€11,190 | -€12,707 | |
| Operating profit (loss) | 9901 | -€7,151 | -€19,409 | -€12,258 | -171% |
| Financial income | 75/76B | €469 | €161 | -€308 | -65.7% |
| Recurring financial income | 75 | €469 | €161 | -€308 | -65.7% |
| Financial charges | 65/66B | €225 | €278 | +€53 | +23.6% |
| Recurring financial charges | 65 | €225 | €278 | +€53 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,906 | -€19,526 | -€12,620 | -183% |
| Income taxes | 67/77 | €275 | €144 | -€131 | -47.6% |
| Profit (loss) for the period | 9904 | -€7,181 | -€19,670 | -€12,489 | -174% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,181 | -€19,670 | -€12,489 | -174% |
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.