ML PAYROLL: 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.
ML PAYROLL
Largest movements
- Receivables within one year +€29,839
up €29,839 (+169.8%), from €17,573 to €47,412
of which Trade receivables: +€41,412
- Cash +€8,290
up €8,290 (+10.6%), from €77,981 to €86,271
mainly Tax, wage and social debts (+€30,002) and Net result for the year (+€23,369)
- Deferred charges and accrued income -€2,494
down €2,494 (-58.2%), from €4,286 to €1,792
- Tax, wage and social debts +€30,002
up €30,002 (+234.9%), from €12,772 to €42,774
of which Remuneration and social security: +€16,756
- Other debts -€27,197
down €27,197 (-80.4%), from €33,844 to €6,647
- Profit (loss) carried forward +€23,369
up €23,369 (+66.3%), from €35,227 to €58,596
- Debts after one year -€23,303
down €23,303 (-39.1%), from €59,642 to €36,339
- Trade debts +€20,108
up €20,108 (+729.5%), from €2,757 to €22,865
- Turnover -€235,570
no longer reported in 2025 (was €235,570)
- Purchases and services -€75,138
no longer reported in 2025 (was €75,138)
- Staff costs +€38,361
up €38,361 (+60.9%), from €63,036 to €101,397
- Taxes +€28,422
up €28,422 (+218.1%), from €13,030 to €41,452
- Gross operating margin +€20,201
up €20,201 (+12.1%), from €166,581 to €186,781
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.
Cash bridge derived
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 | €164,702 | €199,333 | +€34,631 | +21.0% |
| Fixed assets | 21/28 | €64,862 | €63,857 | -€1,004 | -1.5% |
| Tangible fixed assets | 22/27 | €64,862 | €63,857 | -€1,004 | -1.5% |
| Furniture and vehicles | 24 | - | €17,178 | +€17,178 | |
| Leasing and similar rights | 25 | €64,862 | €46,679 | -€18,182 | -28.0% |
| Current assets | 29/58 | €99,841 | €135,476 | +€35,635 | +35.7% |
| Amounts receivable within one year | 40/41 | €17,573 | €47,412 | +€29,839 | +169.8% |
| Trade receivables | 40 | - | €41,412 | +€41,412 | |
| Other amounts receivable | 41 | €17,573 | €6,000 | -€11,573 | -65.9% |
| Cash at bank and in hand | 54/58 | €77,981 | €86,271 | +€8,290 | +10.6% |
| Deferred charges and accrued income | 490/1 | €4,286 | €1,792 | -€2,494 | -58.2% |
| Total equity and liabilities | 10/49 | €164,702 | €199,333 | +€34,631 | +21.0% |
| Equity | 10/15 | €55,687 | €79,056 | +€23,369 | +42.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €35,227 | €58,596 | +€23,369 | +66.3% |
| Amounts payable | 17/49 | €109,015 | €120,277 | +€11,261 | +10.3% |
| Amounts payable after more than one year | 17 | €59,642 | €36,339 | -€23,303 | -39.1% |
| Financial debts | 170/4 | €59,642 | €36,339 | -€23,303 | -39.1% |
| Amounts payable within one year | 42/48 | €49,373 | €83,937 | +€34,564 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | - | €11,652 | +€11,652 | |
| Trade debts | 44 | €2,757 | €22,865 | +€20,108 | +729.5% |
| Suppliers | 440/4 | €2,757 | €22,865 | +€20,108 | +729.5% |
| Taxes, remuneration and social security | 45 | €12,772 | €42,774 | +€30,002 | +234.9% |
| Taxes | 450/3 | €7,059 | €20,305 | +€13,246 | +187.6% |
| Remuneration and social security | 454/9 | €5,714 | €22,469 | +€16,756 | +293.3% |
| Other amounts payable | 47/48 | €33,844 | €6,647 | -€27,197 | -80.4% |
| Turnover | 70 | €235,570 | - | -€235,570 | |
| Goods, raw materials, services and sundry goods | 60/61 | €75,138 | - | -€75,138 | |
| Remuneration, social security and pensions | 62 | €63,036 | €101,397 | +€38,361 | +60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,212 | €19,533 | +€1,320 | +7.2% |
| Other operating charges | 640/8 | €6,842 | €579 | -€6,263 | -91.5% |
| Gross operating margin | 9900 | €166,581 | €186,781 | +€20,201 | +12.1% |
| Operating profit (loss) | 9901 | €78,490 | €65,272 | -€13,218 | -16.8% |
| Financial charges | 65/66B | €150 | €451 | +€300 | +199.7% |
| Recurring financial charges | 65 | €150 | €451 | +€300 | +199.7% |
| Profit (loss) for the period before taxes | 9903 | €78,340 | €64,822 | -€13,518 | -17.3% |
| Income taxes | 67/77 | €13,030 | €41,452 | +€28,422 | +218.1% |
| Profit (loss) for the period | 9904 | €65,309 | €23,369 | -€41,940 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,309 | €23,369 | -€41,940 | -64.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.