LE PAYSAN: 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.
LE PAYSAN
Largest movements
- Cash -€11,649
down €11,649 (-42.4%), from €27,455 to €15,806
mainly Net result for the year (-€22,244) and Investment in fixed assets (net) (-€14,904)
- Receivables within one year -€10,307
down €10,307 (-98.6%), from €10,452 to €146
of which Other amounts receivable: -€10,050
- Intangible fixed assets +€1,380
new in 2025: €1,380
- Profit (loss) carried forward -€22,244
down €22,244 (-127%), from -€17,510 to -€39,754
- Trade debts +€3,778
up €3,778 (+26.4%), from €14,333 to €18,112
- Current portion of long-term debt -€3,146
down €3,146 (-77.4%), from €4,063 to €917
- Other debts +€1,285
new in 2025: €1,285
- Tax, wage and social debts +€1,261
up €1,261 (+10.9%), from €11,531 to €12,792
of which Remuneration and social security: +€1,261
- Gross operating margin -€17,676
down €17,676 (-43.1%), from €40,964 to €23,289
- Staff costs +€12,203
up €12,203 (+82.6%), from €14,779 to €26,983
- Other operating charges -€6,086
down €6,086 (-56.6%), from €10,752 to €4,666
- Taxes +€1,516
up €1,516, from -€1,148 to €368
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 | €120,351 | €100,368 | -€19,983 | -16.6% |
| Fixed assets | 21/28 | €74,836 | €76,808 | +€1,973 | +2.6% |
| Intangible fixed assets | 21 | - | €1,380 | +€1,380 | |
| Tangible fixed assets | 22/27 | €48,323 | €48,916 | +€593 | +1.2% |
| Land and buildings | 22 | €39,636 | €30,836 | -€8,800 | -22.2% |
| Plant, machinery and equipment | 23 | €8,687 | €11,698 | +€3,011 | +34.7% |
| Furniture and vehicles | 24 | - | €1,303 | +€1,303 | |
| Other tangible fixed assets | 26 | - | €5,079 | +€5,079 | |
| Financial fixed assets | 28 | €26,512 | €26,512 | = | 0.0% |
| Current assets | 29/58 | €45,515 | €23,560 | -€21,955 | -48.2% |
| Stocks and contracts in progress | 3 | €7,609 | €7,609 | = | 0.0% |
| Stocks | 30/36 | €7,609 | €7,609 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,452 | €146 | -€10,307 | -98.6% |
| Trade receivables | 40 | €402 | €146 | -€256 | -63.8% |
| Other amounts receivable | 41 | €10,050 | - | -€10,050 | |
| Cash at bank and in hand | 54/58 | €27,455 | €15,806 | -€11,649 | -42.4% |
| Total equity and liabilities | 10/49 | €120,351 | €100,368 | -€19,983 | -16.6% |
| Equity | 10/15 | €89,506 | €67,262 | -€22,244 | -24.9% |
| Contributions | 10/11 | €107,016 | €107,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,510 | -€39,754 | -€22,244 | -127% |
| Amounts payable | 17/49 | €30,845 | €33,106 | +€2,261 | +7.3% |
| Amounts payable after more than one year | 17 | €917 | - | -€917 | |
| Financial debts | 170/4 | €917 | - | -€917 | |
| Amounts payable within one year | 42/48 | €29,928 | €33,106 | +€3,178 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €4,063 | €917 | -€3,146 | -77.4% |
| Trade debts | 44 | €14,333 | €18,112 | +€3,778 | +26.4% |
| Suppliers | 440/4 | €14,333 | €18,112 | +€3,778 | +26.4% |
| Taxes, remuneration and social security | 45 | €11,531 | €12,792 | +€1,261 | +10.9% |
| Taxes | 450/3 | €754 | €754 | = | 0.0% |
| Remuneration and social security | 454/9 | €10,777 | €12,038 | +€1,261 | +11.7% |
| Other amounts payable | 47/48 | - | €1,285 | +€1,285 | |
| Remuneration, social security and pensions | 62 | €14,779 | €26,983 | +€12,203 | +82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,813 | €12,931 | +€118 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | +€0 | |
| Other operating charges | 640/8 | €10,752 | €4,666 | -€6,086 | -56.6% |
| Gross operating margin | 9900 | €40,964 | €23,289 | -€17,676 | -43.1% |
| Operating profit (loss) | 9901 | €2,620 | -€21,291 | -€23,911 | |
| Financial charges | 65/66B | €437 | €584 | +€148 | +33.8% |
| Recurring financial charges | 65 | €437 | €584 | +€148 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €2,183 | -€21,876 | -€24,059 | |
| Income taxes | 67/77 | -€1,148 | €368 | +€1,516 | |
| Profit (loss) for the period | 9904 | €3,331 | -€22,244 | -€25,574 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,331 | -€22,244 | -€25,574 |
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 27 October 2026 via checked.be.