PSW-CONSULTANCE: what changed
PSW-CONSULTANCE
Largest movements
- Receivables within one year +€41,114
up €41,114 (+89.3%), from €46,057 to €87,171
of which Other amounts receivable: +€65,111
- Tangible fixed assets -€21,549
down €21,549 (-51.2%), from €42,098 to €20,548
of which Land and buildings: -€16,999
- Cash -€10,533
down €10,533 (-83.1%), from €12,671 to €2,138
mainly Receivables within one year (-€41,114) and Current portion of long-term debt (-€21,611)
- Financial fixed assets -€8,348
down €8,348 (-10.0%), from €83,289 to €74,941
- Reserves +€47,112
up €47,112 (+68.5%), from €68,789 to €115,901
- Current portion of long-term debt -€21,611
down €21,611 (-59.2%), from €36,477 to €14,866
- Advances received -€19,360
down €19,360 (-100%), from €19,360 to €0
- Tax, wage and social debts +€16,632
up €16,632 (+153%), from €10,866 to €27,498
- Debts after one year -€15,049
down €15,049 (-63.5%), from €23,695 to €8,647
- Depreciation -€24,509
down €24,509 (-84.3%), from €29,058 to €4,550
- Gross operating margin +€19,600
up €19,600 (+23.9%), from €82,067 to €101,667
- Taxes +€16,116
up €16,116 (+118%), from €13,619 to €29,736
- Financial income +€10,401
new in 2025: €10,401
of which Non-recurring financial income: +€8,312
- Other operating charges -€2,108
down €2,108 (-41.4%), from €5,095 to €2,988
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,071 | €185,812 | +€741 | +0.4% |
| Fixed assets | 21/28 | €125,387 | €95,489 | -€29,897 | -23.8% |
| Tangible fixed assets | 22/27 | €42,098 | €20,548 | -€21,549 | -51.2% |
| Land and buildings | 22 | €16,999 | €0 | -€16,999 | -100% |
| Plant, machinery and equipment | 23 | €1,404 | €337 | -€1,068 | -76.0% |
| Furniture and vehicles | 24 | €23,694 | €20,212 | -€3,482 | -14.7% |
| Financial fixed assets | 28 | €83,289 | €74,941 | -€8,348 | -10.0% |
| Current assets | 29/58 | €59,685 | €90,323 | +€30,638 | +51.3% |
| Amounts receivable within one year | 40/41 | €46,057 | €87,171 | +€41,114 | +89.3% |
| Trade receivables | 40 | €40,065 | €16,068 | -€23,997 | -59.9% |
| Other amounts receivable | 41 | €5,992 | €71,103 | +€65,111 | +1,087% |
| Cash at bank and in hand | 54/58 | €12,671 | €2,138 | -€10,533 | -83.1% |
| Deferred charges and accrued income | 490/1 | €957 | €1,014 | +€57 | +6.0% |
| Total equity and liabilities | 10/49 | €185,071 | €185,812 | +€741 | +0.4% |
| Equity | 10/15 | €74,989 | €115,901 | +€40,912 | +54.6% |
| Contributions | 10/11 | €6,200 | €0 | -€6,200 | -100% |
| Reserves | 13 | €68,789 | €115,901 | +€47,112 | +68.5% |
| Distributable reserves | 133 | €68,789 | €115,901 | +€47,112 | +68.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €110,082 | €69,911 | -€40,171 | -36.5% |
| Amounts payable after more than one year | 17 | €23,695 | €8,647 | -€15,049 | -63.5% |
| Financial debts | 170/4 | €23,695 | €8,647 | -€15,049 | -63.5% |
| Amounts payable within one year | 42/48 | €84,182 | €60,874 | -€23,308 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €36,477 | €14,866 | -€21,611 | -59.2% |
| Financial debts | 43 | €5,302 | €5,288 | -€14 | -0.3% |
| Credit institutions | 430/8 | €5,302 | €5,288 | -€14 | -0.3% |
| Trade debts | 44 | €10,450 | €13,222 | +€2,772 | +26.5% |
| Suppliers | 440/4 | €10,450 | €13,222 | +€2,772 | +26.5% |
| Advances received on contracts in progress | 46 | €19,360 | €0 | -€19,360 | -100% |
| Taxes, remuneration and social security | 45 | €10,866 | €27,498 | +€16,632 | +153% |
| Taxes | 450/3 | €10,866 | €27,498 | +€16,632 | +153% |
| Other amounts payable | 47/48 | €1,727 | €0 | -€1,727 | -100% |
| Accrued charges and deferred income | 492/3 | €2,205 | €390 | -€1,815 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,058 | €4,550 | -€24,509 | -84.3% |
| Other operating charges | 640/8 | €5,095 | €2,988 | -€2,108 | -41.4% |
| Non-recurring operating charges | 66A | - | €16,999 | +€16,999 | |
| Gross operating margin | 9900 | €82,067 | €101,667 | +€19,600 | +23.9% |
| Operating profit (loss) | 9901 | €47,913 | €77,129 | +€29,216 | +61.0% |
| Financial income | 75/76B | - | €10,401 | +€10,401 | |
| Recurring financial income | 75 | - | €2,089 | +€2,089 | |
| Non-recurring financial income | 76B | - | €8,312 | +€8,312 | |
| Financial charges | 65/66B | €3,280 | €4,429 | +€1,149 | +35.0% |
| Recurring financial charges | 65 | €3,280 | €4,429 | +€1,149 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €44,633 | €83,102 | +€38,468 | +86.2% |
| Income taxes | 67/77 | €13,619 | €29,736 | +€16,116 | +118% |
| Profit (loss) for the period | 9904 | €31,014 | €53,366 | +€22,352 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,014 | €53,366 | +€22,352 | +72.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.