PSUtec: 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.
PSUtec
Largest movements
- Cash -€12,516
down €12,516 (-12.9%), from €96,904 to €84,388
mainly Net result for the year (-€13,639) and Trade debts (-€1,058)
- Receivables within one year -€2,180
down €2,180 (-24.1%), from €9,055 to €6,874
- Profit (loss) carried forward -€13,639
down €13,639 (-40.3%), from €33,842 to €20,203
- Gross operating margin +€6,204
up €6,204 (+30.8%), from -€20,124 to -€13,921
- Financial income +€236
up €236 (+22.6%), from €1,041 to €1,277
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 | €111,692 | €96,995 | -€14,697 | -13.2% |
| Fixed assets | 21/28 | €5,733 | €5,733 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,200 | €3,200 | = | 0.0% |
| Other tangible fixed assets | 26 | €3,200 | €3,200 | = | 0.0% |
| Financial fixed assets | 28 | €2,533 | €2,533 | = | 0.0% |
| Current assets | 29/58 | €105,958 | €91,262 | -€14,697 | -13.9% |
| Amounts receivable within one year | 40/41 | €9,055 | €6,874 | -€2,180 | -24.1% |
| Other amounts receivable | 41 | €9,055 | €6,874 | -€2,180 | -24.1% |
| Cash at bank and in hand | 54/58 | €96,904 | €84,388 | -€12,516 | -12.9% |
| Total equity and liabilities | 10/49 | €111,692 | €96,995 | -€14,697 | -13.2% |
| Equity | 10/15 | €110,634 | €96,995 | -€13,639 | -12.3% |
| Contributions | 10/11 | €13,480 | €13,480 | = | 0.0% |
| Reserves | 13 | €63,312 | €63,312 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,588 | €2,588 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,588 | €2,588 | = | 0.0% |
| Distributable reserves | 133 | €60,724 | €60,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,842 | €20,203 | -€13,639 | -40.3% |
| Amounts payable | 17/49 | €1,058 | - | -€1,058 | |
| Amounts payable within one year | 42/48 | €1,058 | - | -€1,058 | |
| Trade debts | 44 | €1,058 | - | -€1,058 | |
| Suppliers | 440/4 | €1,058 | - | -€1,058 | |
| Non-recurring operating income | 76A | - | €115 | +€115 | |
| Other operating charges | 640/8 | €721 | €695 | -€27 | -3.7% |
| Non-recurring operating charges | 66A | €5 | €225 | +€220 | +4,261% |
| Gross operating margin | 9900 | -€20,124 | -€13,921 | +€6,204 | +30.8% |
| Operating profit (loss) | 9901 | -€20,851 | -€14,841 | +€6,010 | +28.8% |
| Financial income | 75/76B | €1,041 | €1,277 | +€236 | +22.6% |
| Recurring financial income | 75 | €1,041 | €1,277 | +€236 | +22.6% |
| Financial charges | 65/66B | €72 | €75 | +€3 | +4.3% |
| Recurring financial charges | 65 | €72 | €75 | +€3 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,882 | -€13,639 | +€6,243 | +31.4% |
| Income taxes | 67/77 | €174 | - | -€174 | |
| Profit (loss) for the period | 9904 | -€20,056 | -€13,639 | +€6,417 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,056 | -€13,639 | +€6,417 | +32.0% |
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.