Studio PSG: what changed
Two fiscal 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.
Studio PSG
Largest movements
- Receivables within one year +€10,387
up €10,387 (+10.8%), from €95,814 to €106,201
of which Other amounts receivable: +€19,145
- Cash +€6,533
up €6,533 (+46.1%), from €14,176 to €20,709
mainly Trade debts (+€10,637) and Depreciation (+€9,078)
- Tangible fixed assets +€1,503
up €1,503 (+15.4%), from €9,752 to €11,255
of which Furniture and vehicles: +€5,471
- Trade debts +€10,637
up €10,637 (+27.5%), from €38,649 to €49,286
- Reserves +€6,109
up €6,109 (+11.0%), from €55,334 to €61,443
of which Distributable reserves: +€8,109
- Gross operating margin +€12,608
up €12,608 (+175.8%), from €7,172 to €19,779
- Taxes +€3,764
up €3,764 (+3191.8%), from €118 to €3,882
- Depreciation +€3,105
up €3,105 (+52.0%), from €5,973 to €9,078
- Write-downs -€2,590
new in 2024: -€2,590
- Other operating charges +€2,590
up €2,590 (+580.1%), from €446 to €3,036
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,571 | €139,850 | +€19,279 | +16.0% |
| Fixed assets | 21/28 | €9,752 | €11,255 | +€1,503 | +15.4% |
| Tangible fixed assets | 22/27 | €9,752 | €11,255 | +€1,503 | +15.4% |
| Plant, machinery and equipment | 23 | €6,273 | €2,305 | -€3,968 | -63.2% |
| Furniture and vehicles | 24 | €3,479 | €8,949 | +€5,471 | +157.3% |
| Current assets | 29/58 | €110,819 | €128,595 | +€17,776 | +16.0% |
| Amounts receivable within one year | 40/41 | €95,814 | €106,201 | +€10,387 | +10.8% |
| Trade receivables | 40 | €32,669 | €23,910 | -€8,758 | -26.8% |
| Other amounts receivable | 41 | €63,145 | €82,290 | +€19,145 | +30.3% |
| Cash at bank and in hand | 54/58 | €14,176 | €20,709 | +€6,533 | +46.1% |
| Deferred charges and accrued income | 490/1 | €829 | €1,685 | +€856 | +103.2% |
| Total equity and liabilities | 10/49 | €120,571 | €139,850 | +€19,279 | +16.0% |
| Equity | 10/15 | €78,489 | €84,598 | +€6,109 | +7.8% |
| Contributions | 10/11 | €20,001 | €20,001 | = | 0.0% |
| Reserves | 13 | €55,334 | €61,443 | +€6,109 | +11.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100.0% |
| Distributable reserves | 133 | €53,334 | €61,443 | +€8,109 | +15.2% |
| Profit (loss) carried forward | 14 | €3,154 | €3,154 | = | 0.0% |
| Amounts payable | 17/49 | €42,082 | €55,252 | +€13,170 | +31.3% |
| Amounts payable within one year | 42/48 | €41,676 | €54,252 | +€12,576 | +30.2% |
| Trade debts | 44 | €38,649 | €49,286 | +€10,637 | +27.5% |
| Suppliers | 440/4 | €38,649 | €49,286 | +€10,637 | +27.5% |
| Taxes, remuneration and social security | 45 | €3,027 | €3,886 | +€859 | +28.4% |
| Taxes | 450/3 | €3,027 | €3,886 | +€859 | +28.4% |
| Other amounts payable | 47/48 | €0 | €1,080 | +€1,080 | |
| Accrued charges and deferred income | 492/3 | €406 | €1,000 | +€594 | +146.3% |
| Non-recurring operating income | 76A | €2,005 | €0 | -€2,005 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,973 | €9,078 | +€3,105 | +52.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,590 | -€2,590 | |
| Other operating charges | 640/8 | €446 | €3,036 | +€2,590 | +580.1% |
| Gross operating margin | 9900 | €7,172 | €19,779 | +€12,608 | +175.8% |
| Operating profit (loss) | 9901 | €753 | €10,255 | +€9,503 | +1262.5% |
| Financial income | 75/76B | €138 | €1 | -€137 | -99.3% |
| Recurring financial income | 75 | €138 | €1 | -€137 | -99.3% |
| Financial charges | 65/66B | €356 | €265 | -€91 | -25.6% |
| Recurring financial charges | 65 | €356 | €265 | -€91 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €534 | €9,991 | +€9,457 | +1769.4% |
| Income taxes | 67/77 | €118 | €3,882 | +€3,764 | +3191.8% |
| Profit (loss) for the period | 9904 | €417 | €6,109 | +€5,692 | +1366.6% |
| Profit (loss) for the period to be appropriated | 9905 | €417 | €6,109 | +€5,692 | +1366.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.