CTPAYSAGE: 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.
CTPAYSAGE
Largest movements
- Deferred charges and accrued income +€20,641
up €20,641 (+21,501%), from €96 to €20,737
- Cash +€14,292
up €14,292 (+16.9%), from €84,425 to €98,717
mainly Net result for the year (+€34,520) and Investment in fixed assets (net) (+€10,555)
- Tangible fixed assets -€13,269
down €13,269 (-72.7%), from €18,241 to €4,972
of which Furniture and vehicles: -€11,403
- Receivables within one year +€11,023
up €11,023 (+53.3%), from €20,699 to €31,722
of which Trade receivables: +€8,081
- Reserves +€30,000
new in 2025: €30,000
- Trade debts -€9,719
down €9,719 (-96.7%), from €10,050 to €331
- Tax, wage and social debts +€7,886
new in 2025: €7,886
- Profit (loss) carried forward +€4,520
up €4,520 (+4.2%), from €107,214 to €111,734
- Gross operating margin +€40,184
up €40,184 (+262%), from €15,321 to €55,505
- Taxes +€14,664
up €14,664 (+394%), from €3,722 to €18,386
- Other operating charges -€1,403
down €1,403 (-79.3%), from €1,769 to €366
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 | €123,461 | €156,148 | +€32,687 | +26.5% |
| Fixed assets | 21/28 | €18,241 | €4,972 | -€13,269 | -72.7% |
| Tangible fixed assets | 22/27 | €18,241 | €4,972 | -€13,269 | -72.7% |
| Plant, machinery and equipment | 23 | €4,996 | €3,130 | -€1,866 | -37.3% |
| Furniture and vehicles | 24 | €13,245 | €1,842 | -€11,403 | -86.1% |
| Current assets | 29/58 | €105,220 | €151,176 | +€45,956 | +43.7% |
| Amounts receivable within one year | 40/41 | €20,699 | €31,722 | +€11,023 | +53.3% |
| Trade receivables | 40 | €6,257 | €14,338 | +€8,081 | +129% |
| Other amounts receivable | 41 | €14,442 | €17,384 | +€2,942 | +20.4% |
| Cash at bank and in hand | 54/58 | €84,425 | €98,717 | +€14,292 | +16.9% |
| Deferred charges and accrued income | 490/1 | €96 | €20,737 | +€20,641 | +21,501% |
| Total equity and liabilities | 10/49 | €123,461 | €156,148 | +€32,687 | +26.5% |
| Equity | 10/15 | €113,411 | €147,931 | +€34,520 | +30.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €107,214 | €111,734 | +€4,520 | +4.2% |
| Amounts payable | 17/49 | €10,050 | €8,217 | -€1,833 | -18.2% |
| Amounts payable within one year | 42/48 | €10,050 | €8,217 | -€1,833 | -18.2% |
| Trade debts | 44 | €10,050 | €331 | -€9,719 | -96.7% |
| Suppliers | 440/4 | €10,050 | €331 | -€9,719 | -96.7% |
| Taxes, remuneration and social security | 45 | - | €7,886 | +€7,886 | |
| Taxes | 450/3 | - | €7,886 | +€7,886 | |
| Non-recurring operating income | 76A | - | €14,445 | +€14,445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,494 | €2,714 | +€220 | +8.8% |
| Other operating charges | 640/8 | €1,769 | €366 | -€1,403 | -79.3% |
| Gross operating margin | 9900 | €15,321 | €55,505 | +€40,184 | +262% |
| Operating profit (loss) | 9901 | €11,058 | €52,425 | +€41,367 | +374% |
| Financial income | 75/76B | €258 | €604 | +€346 | +134% |
| Recurring financial income | 75 | €258 | €604 | +€346 | +134% |
| Financial charges | 65/66B | €122 | €123 | +€1 | +0.8% |
| Recurring financial charges | 65 | €122 | €123 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €11,194 | €52,906 | +€41,712 | +373% |
| Income taxes | 67/77 | €3,722 | €18,386 | +€14,664 | +394% |
| Profit (loss) for the period | 9904 | €7,472 | €34,520 | +€27,048 | +362% |
| Profit (loss) for the period to be appropriated | 9905 | €7,472 | €34,520 | +€27,048 | +362% |
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 20 October 2026 via checked.be.